Cramer's Mad Money Recap 10/13: FedEx, J.B. Hunt, Costco, Starbucks
Don't panic over rampant inflation, Jim Cramer told his Mad Money viewers Wednesday. The seeds of deflation have already been planted, Cramer said, and they will be self-evident soon enough.
While it's true that the consumer price index was the highest we've seen since 1991, the market's rebound by the close shows that something good is bubbling under the surface. Indeed, the bond market also responded positively to Wednesday's news, with prices rising, sending yields slightly lower.
On Action Alerts PLUS, Bob Lang and Chris Versace discuss Katy Huberty's Apple (AAPL) - Get Apple Inc. (AAPL) Report note, Bristol-Myers Squibb (BMY) - Get Bristol-Myers Squibb Company Report, their trims of United Parcel Service (UPS) - Get United Parcel Service, Inc. Class B Report and Wells Fargo (WFC) - Get Wells …
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