Based on overwhelming demand, we present today's 6 minutes of comedy gold as Cramer and Liesman basked in the glory of a call that proved to be epically incorrect mere hours later. The superlatives were exponential as kudos flew like confetti - from "believing the markets are efficient" as an indication that Dow -122 (-75 from the FOMC) was 'incorrect' to "years of experience" telling Liesman that the market's algo-only reaction was wrong and that he knew what the market expected. The only voice of reason was one Amanda Drury who noted the bond market's less than sanguine reaction (for which she was chided that "bonds have a lot more at stake than stocks.") As we write, the Dow (futures) are 125 points below the FOMC level and 190 points below the almost-perfect top-tick timing at which this TV sensation hit. Grab the popcorn and view the accompanying chart for guidance...
Some favorite lines include asking the economics reporter where the 10Y will be at year-end, what fair-value for the 10Y is, "I've been doing this for a while", and "if I could have traded I would have hit as hard as any risk officer would let me"... but we suspect you will find your own special lines...
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And for those who claim this is 'unfair' and that Liesman 'nailed the 1100-1140 swing' - we don't recall any comment on 'taking profits', 'selling', 'covering' in the clip above? In fact, his actual comments were that a sell-off was wrong... Getting in is easy, its getting out that counts...