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Drown Out the Fed Noise

By Jim Cramer

 About this article:
 The difficulty for the Fed is that a case can be made for anything. If you listen to the conference calls of UPS and 3M , both truly representative of the U.S. economy, you need an easing and you need one tomorrow. Last week, FedEx was no different, and the same was true with Tenneco and Visteon . You want the Fed to come to the rescue of Countrywide and every homebuilder. GM and Ford desperately need an easing. So do Caterpillar and Black & Decker . Wood-product companies (Plum Creek ) and chemical companies have been pretty disastrous. These companies' woes barely make the radar screen. Instead, we focus on robust consumer spending a la Nordstrom and Coach . We look at the good traffic of the rails -- mostly imports or raw goods. We like what we...

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