Investment - Jim Cramer Talks About His Place on the Fed and the Anniversary of Black Monday: TheStreet: Investing Strategies

Published 19th October 2018

Jim Cramer is tipping his hat off to David Taylor, CEO of Proctor & Gamble. Proctor & Gamble jumped after releasing earnings that beat analysts expectations. It announced earnings per share of $1.12, beating expectations of $1.09. Why Jim Cramer Wants to Join the Federal Reserve Cramer then dived into his Real Money column from the morning of Friday, Oct. 19. The column focused on the Fed and the emergence of technology that will inevitably take away jobs. In his piece, Cramer wrote that he wished he could get in front of the Fed to talk to them about the issues that he's having, which is heavily due to the amount of rate hikes that Jerome Powell's Fed has promised. "If I were on the Fed, and I wish I were, I would organize a field trip to see the companies I talk to -- and learn how many jobs are really in jeopardy from a digitized world and how digitization is keeping inflation in check much better than the blunt instrument of the Fed funds rate," Cramer wrote. Jim Cramer's Advice for Younger Investors Black Monday? What's that? For those of you who don't know, Black Monday refers to the stock market crash of 1987, where the Dow fell 500 points in one trading session. Now, that may not seem worthy of the title "Black Monday," but 500 points is the equivalent of 5,000 points in the modern day market. Cramer takes a look back to explain the market collapse, and then gives some advice for younger investors to avoid being hit by another market crash. Cramer also gives more in-depth advice in Action Alerts Plus's Daily Rundown video, which can be watched by AAP members.