Homepage / Investment / Cramer bucks Wall Street's worries about overvaluation
Les Gambling establishments en Ligne en France 2024 200% Reward + 300 Free Rotates LevelUp Internet casino Melbourne En İyi ve Güvenilir Casino Siteleri Canlı Casino Siteleri 2023 Listesi En İyi ve Güvenilir Casino Siteleri Canlı Casino Siteleri 2023 Listesi Le meilleur casino en ligne franзais Extra Casino avec le dйpфt minimal le in addition bas Yeni Casino Siteleri ᐈ Çevrimiçi Kumarhaneler Mart 2024 Les gambling establishments en ligne proposent une grande variйtй de jeux de internet casino gratuits. Türkiye’deki Resmi Web Sitesi Google Play, Türkiye’de kumar oyunlarına izin verecek Her Gün Tatil Olsa ORDU’DA PAZARTESİ GÜNÜ FINDIK FİYATI NASIL? كازينو اون لاين الكازينوهات الممتازة على الإنترنت ألعاب الكازينو المباشرة مينا كازينو العر Google Play, Türkiye’de kumar oyunlarına izin verecek Domain Sorgulama & Domain Fýrsatlarý Canlı Casino Siteleri: 2024 Güvenilir Siteler Seçilmiştir Golden Easter Slot İncelemesi 2024, Demoyu Ücretsiz Oynayın Golden Easter Slot İncelemesi 2024, Demoyu Ücretsiz Oynayın 1xbet Türkiye Giriş Empieza Kayıt 202 Kumar Ve Kumarhaneler Hakkında Pek İlginç 21 Bilgi Kumarhane Doğru Yazımı Nedir? Tdk Ile Kumarhane Kelimesinin Doğru Yazılışı! Mobilbahiste En İyi Kumar Bonusları Ve Kazançlar Mobilbahis Giriş Sayfası On Line Casino Siteleri En Iyi Casino Siteleri 2024 Mostbet: Türkiye’de Internet Casino Mostbet Online Slotlar Ve Canlı-casin Pin Up Casino Oyna Türkiye, Pinup’un Sah Web Sites Ifade Haberleri Son Dakika Ifade Hakkında Güncel Haber Ve Bilgiler “önceliğimiz Transferin Önünü Açmak, Görüştüğümüz Yerler Var” On Line Casino Nuh’un Gemisi Deluxe Resort & Spa, Kıbrıs Bonus Veren Siteler 3 000 Den Fazla Online Oyunu Ücretsiz Oyna En Tehlikeli Kumar Oyunu Ekşi Sözlük Deneme Bonusu Veren Siteler Deneme Bonusu 2024 Explore the Magic of WildCardCity Güvenilir Bahis Siteleri En İyi Kumar Siteleri Balıkesir Triatlonuna Avrupadan Ödül Tricks of the Aviator gambling establishment game by Spribe Çevrim Içi Kumar Siteleri “bonus” Yalanıyla Kandırıyor En Güvenilir Canlı On Line Casino Siteleri Xbetting-tips Com Uncovering the Abundant Tapestry of Ozwin Gambling establishment Evaluating Board Portal Providers Uncovering the Wealthy Tapestry of Ozwin On line casino Electronic Data Area Providers Evaluation Cobra Internet casino: Raising the Australian On the internet Video gaming Practical experience 4 Things to Search for in Safeguarded Cloud Safe-keeping Fastpay On line casino Australia – Simple and No-Taxation Wagering Web page officielle franзaise de Joka Gambling establishment The Software Development Universe Game Woo Internet casino – Enjoy Slot machine games around australia Ostdeutsche Biersorten What Are Virtual Data Rooms? Vitamin D Receptor Polymorphisms Revue du Casino BlackLabel Faktory, kterй ovlivnujн hodnocenн ceskэch online kasin How to Make the Most of Your Web Development Organization and Advertising Efforts L’essor des casinos en ligne en France Boost Meeting Efficiency With Boardroom Technology Developments WildJoker Casino WildCardCity On line casino – Guaranteed Australian Gambling Portal WildCardCity Casino – The Ideal On the internet Gambling establishment within australia Modern Technologies Produce Sharing Documents Online Faster and More Protect Free Virtual Info Room pertaining to Speedy Due Diligence A Review of Data Area Software For people who do buiness Five Board Bedroom Features Which will help You Acquire a More Productive Boardroom Electronic Systems To your Business Understanding Legal Terms and Laws in Today’s World The Laws and Contracts of Hollywood: A Sunset Blvd. Tale Legal Discussion Between Johnny Cash and Antonin Scalia Legal Insights: What Teens Should Know Legal Issues and Exceptions: What You Need to Know Legal Insights and Expert Analysis Celebrity Dialogue: Legal Matters in the 21st Century Famous Personalities Discuss Legal Issues The Boys in the Boat: Legal Advisors and The Quest for Legal Knowledge Understanding Legal Matters: Q&A on Criminal Law, Joint Ventures, and More Enticing Title The Departed: Understanding Basic Work Requirements and Legal Rights Youth Slang Blog Article Legal Insights: A Journey into the World of Law The Ins and Outs of Legal Matters: Everything You Need to Know Legal Insights and Trends: A Rap Guide Mysterious Legal Matters Unveiled Insights and Information: Understanding Various Laws and Regulations Famous People of the 21st Century The Circle of Legal Life The Intersection of Fashion Law, Legal Translation, and THC Oil: A Modern Legal Guide Legal Q&A: Understanding Joinder Federal Rules and More Understanding Legal Terms and Conditions: A Comprehensive Guide Understanding Legal Documentation in a Fun Way! Understanding Legal Aspects: From Islamic Law of Inheritance to Farm Law Protests Understanding Legal Rights: A Guide to Legal Regulations and Requirements Understanding Legal Guidelines and Agreements Famous 21st Century People in Conversation Mysterious Legal Matters Unveiled Legal Matters and Real Estate: A Conversation Between Cameron Boyce and Donald Trump Understanding Legal Expertise and Why It Matters Legal FAQs and Expert Services Understanding Legal Ramifications: Common Law Ontario Health Benefits and More The Ins and Outs of Legal Requirements: From FBI Academy Physical Requirements to Silver Lake Fishing Rules The Legal Underworld: Understanding the Significance of Laws and Rights Legal Conversations: A Dialogue Between Jon Jones and Chadwick Boseman Legal Beats: Bobcats, Real Estate, Babysitting, and More

Investment

Cramer bucks Wall Street's worries about overvaluation

With analysts and strategists concerned that the stock market is overvalued as the Dow plunged 200 points on Thursday, Jim Cramer had to step in and add his voice to the largely bearish mix.

“Every few weeks some old-timer or hot hand comes on air and yells ‘fire’ in the theater,” the “Mad Money” host said. “I get it. Look, these statements about the market being too high roll off the tongue so easily. … The bears sure were right today, right? They could be right again tomorrow. But that doesn’t mean they could be right over the intermediate term, which is the term that I like to think about.”

Cramer said that some fears, like those of the tensions between the United States and North Korea, are legitimate. But the slew of illegitimate worries about stocks being overvalued and on the verge of collapse need to be addressed, he said.

First, Cramer acknowledged that some stocks are overvalued. Many of the big consumer products names sell at 20 times earnings, a costly price even for stocks with good dividends.

“But their dividends are often much higher than Treasurys and Treasurys give you no upside whatsoever, so what are you supposed to do? If you choose to hide in Treasurys while these stocks, I’m talking about Clorox, Procter & Gamble, frolicked higher, you’ve missed out a big run. Where I come from, you know what they call that? A mistake,” Cramer said.

Some of the expanding technology sector is overvalued, too, but almost every facet of tech, whether it be biotech, semiconductors, or cloud, has taken a turn at being pricey, Cramer said.

Consider the trajectory of two of the four FANG stocks, Cramer’s ubiquitous acronym for Facebook, Amazon, Netflix and Google, now Alphabet.

Two years ago, Facebook traded at $98 a share. One year ago, it was at $126. As of market close on August 10, 2017, the stock was priced at $167 a share.

Amazon’s run was even more dramatic. The stock was said to be expensive in 2015 at $478 a share, in 2016 at $790 and now, at $956 as of Thursday’s close.

“Hey, maybe ‘expensive’ doesn’t mean ‘sell, sell, sell,'” Cramer said. “The most disciplined thing you could’ve done with these stocks was to stay long through all the jeremiads by the graybeards to get out of them. You had to tune out the sirens of skepticism who said they were dangerous.”

And, to be frank, Cramer said he feels like an idiot having missed the monster runs of Apple, Amazon and others because his CNBC contract prevents him from investing in stocks.

The “Mad Money” host owns Treasurys instead, which might seem like a smart move to the bears, but has just made Cramer feel like he sat out on some of the market’s greatest runs.

“I keep coming back to one major issue, even as I expect the market to go down [on Friday]. Almost every winning stock I’ve mentioned was overvalued, classically overvalued before its run,” he said.

Cramer recalled to when Apple, at $93 a share, was possibly the most overvalued stock of all time.

“I can show you analyst after analyst who told you that stock was going to get crushed because earnings were going to be down in 2017,” he said. “Oh yeah, that’s right, the stock went to $160. But they were smart.”

So as Wall Street’s serial worriers speak out about the market’s “dangerous” areas and the forces threatening the bull, Cramer stressed the importance of choosing your own winners.

“Listen to yourself,” he said. “Do your own work. But understand that it takes a ton of discipline and conviction to own a Facebook or an Amazon or an Apple through these runs, and you aren’t an idiot if you do. You’re smart. In fact, I have one word for you: congratulations.”

Disclosure: Cramer’s charitable trust owns shares in Facebook, Apple and Alphabet.

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer’s world? Hit him up!
Mad Money TwitterJim Cramer TwitterFacebookInstagramVine

Questions, comments, suggestions for the “Mad Money” website? madcap@cnbc.com

Source: Investment Cnbc
Cramer bucks Wall Street's worries about overvaluation

Comments are closed.