‘Investors Didn’t Get What They Wanted to Hear’


CNBC anchor Jim Cramer delivered a sullen Wall Street forecast Thursday morning after President Donald Trump’s speech the night time earlier than, acknowledging that “investors didn’t get what they wanted to hear” about Trump’s ongoing warfare towards Iran.

Reacting to Trump’s speech – throughout which the president ramped up his warfare rhetoric, introduced extra bombing, and threatened to bomb Iran again to “the Stone Age” – Cramer stated, “Look, investors didn’t get what they wanted to hear last night. I think that it was pretty straightforward that there were a lot of people buying stocks, betting that this was going to be the official wind-down… Not more bombing.”

“We understand that the Navy has been decimated, and we understand that the Air Force is not a factor in Iran,” he continued. “But those really aren’t on the table. What’s been on the table is missiles and drones, and they don’t stop, and as long as they don’t stop, I think it makes it problematic that the U.S. just stops.”

Despite reports that Trump was planning to announce a “winding down” of his warfare towards Iran, the president made no such announcement throughout his Wednesday night presidential deal with.

“We’re going to hit them extremely hard over the next two to three weeks. We’re going to bring them back to the Stone Ages [sic], where they belong,” said Trump as an alternative, suggesting that the warfare was removed from being over.

Watch above by way of CNBC.

The put up CNBC’s Jim Cramer Delivers a Sullen Wall Street Forecast After Trump’s Speech: ‘Investors Didn’t Get What They Wanted to Hear’ first appeared on Mediaite.

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