We were looking for a rate cut when we bought Home Depot a year ago, says Jim Cramer
One year ago today, one year ago today, we bought the stock of Home Depot for the travel trust. We were looking for a rate cut at September Fed, meaning historically a terrific boost to the stock of this tremendous chain. Oh, we got that rate cut, but it didn't do what it was supposed to.Longerterm Treasury yield spiked in response, sending mortgage rates higher and starting a huge descent for the stock of Home Depot. But did we sell. No, we did the opposite and we told you to do so, too. We bought more and ...