Trusting people who have earned your trust is key to making money, says Jim Cramer

Faith. Faith is hard to come by on Wall Street. We have a tendency to be jaded. We think we’re always being tricked or lied to or flat out bamboozled. So on the day where the Dow slipped just two points, that’s the Game .7% and the NASDAQ Pole Vaulter 1.68%. I want to explain what happens when we stop thinking that everyone’s trying to bag us and start trusting the people who deserve it. The ones who The ones who hurt our trust. I think that’s the key right now to making big money in the market, and many people are missing it. Why don’t we start first with the Fed chief, JPAC? Now here’s a guy who doesn’t get any credit for anything. He is the Rodney Dangerfield of central bankers. He’s constantly being second guessed like he’s clueless. That’s just plain moronic pals. A pragmatic individual who doesn’t surrender to politics or orthodoxy, he’s the least promotional public figure in America today. He had to do one once in a lifetime pandemic, which caused our elected leaders to spend money like crazy. He accepted it. He never boomed it When he realized that the pandemic was under control, though, he raised rates 11 times in order to stamp out inflation. Each time, The economy snapped right back, so we had to keep tidying. Pal kept doing it until he realized there could be negative consequences if he didn’t stop. That’s right. We’re now in a situation where inflation is cool, cool dramatically, even if it’s still too high. And we also have an absurdly strong job market. It’s just too strong to justify cutting rates, so it’s time for PAL to stand pat and see what happens. There’s nothing wrong with that. We have such low unemployment that he can afford to play for time. Don’t miss a second of Mad Money follow at Jim Cramer on X. Have a question? Tweet Cramer hashtag mad mentions Send Jim an e-mail to [email protected] or give us a call at one 807 four Three CNBC. Miss something? Head to madmoney.cnbc.com.