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Stop Trading!: The Post-Fed Era

The bond insurers won’t be the downfall of the entire financial system, Cramer said on Thursday’s Stop Trading!, but that doesn’t mean there is any reason to own them.

Cramer said he does not expect bond insurers like MBIA or Ambac to get bailed out, but with so much attention now being paid to them and fixing their problems, they probably won’t collapse either.

And Wednesday’s half-point rate cut, preceded by last week’s three-quarter-point cut, was a watershed moment for the stock market, according to Cramer. Momentum plays – energy, China, even agriculture – will not do as well going forward. Look for value plays like homebuilders, retail and consumer discretionary to go higher. Cramer specifically pointed to the ramping Ryland and Whirlpool as examples of what to expect in this post-Fed era.

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