CNBC Investing Club

Cramer says new Fed worries led to the most aggressive selling in Club stocks in a decade

Jim Cramer says he's 'aggressively' paring back on tech stocks
VIDEO2:3102:31
Jim Cramer says he's 'aggressively' paring back on tech stocks

Jim Cramer said Wednesday he's turned "very conservative" on the stock market because the Federal Reserve just changed the game.

"I think people should be paring back," Cramer said on CNBC, less than 24 hours after two of the Fed's biggest proponents of easy monetary policy telegraphed shifts in their thinking and talked about taking much tougher action to fight spiking inflation. Cramer said he's been following his own advice, paring aggressively — "maybe the most aggressively for the Club in a decade."

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