Investors can approach the Federal Reserve's decision not to raise rates in two ways: jump up and down with glee and start talking about December rate hikes, or go on with life and buy stocks that show growth. Jim Cramer is taking the second approach.
"How come I'm not upset about the Fed's decision to do nothing? Because, like Janet Yellen, I see little inflation and low growth on the horizon, which means raising rates would be a really dumb idea," the "Mad Money" host said.
The Fed impressed Cramer, as it proved it was not on autopilot, raising rate because it said it might do so. Yellen's commentary was also in sync with what Cramer heard from several CEOs who are trying to figure out how August turned out to be a weak month.
