Now CNBC's Jim Cramer is saying the same thing Alphabet is...

Now CNBC's Jim Cramer is saying the same thing

Alphabet is marching toward the $1 trillion club, but Jim Cramer is skeptical of the move

PUBLISHED MON, JAN 13 20206:09 PM EST

KEY POINTS

• CNBC’s Jim Cramer said, “I don’t like this move” that Alphabet has made toward the $1 trillion market valuation mark.
• “It’s based on nothing fundamental, just the momentum that we see in so many tech names,” the “Mad Money” host said.
• He is just as skeptical about the gains that the other giants of tech have made on the market, including Microsoft, Apple and Facebook.

https://www.cnbc.com/2020/01/13/jim...-parent-alphabet-march-toward-1-trillion.html

As I indicated earlier, Apple & Microsoft combined is larger than the entire DAX in market cap. Does that sound right?

People tell Hussman its very difficult to be a bear when the market continues to go higher despite all odds. It is, and that is why most people abandon their "feeling" and joined the party because of FOMO. For Buy and Hold investors, a correction can come so swift wiping out recent gains before you begin to decide if you should sell but because of the Assumptions you hold (that an election year cannot be bad for the market) you are unlikely to sell even with the correction. For those who cannot decide if they should be an investor or a trader, staying aside may seem a more plausible option.

A correction may just be around the corner as all indicators below showing EXTREME GREED.
Fear & Greed Index

What emotion is driving the market now?

https://money.cnn.com/data/fear-and-greed/


Last updated Jan 13 at 6:30pm
Seven Fear & Greed Indicators

How we calculate the index More »
Stock Price Strength
Extreme Greed
The number of stocks hitting 52-week highs exceeds the number hitting lows and is at the upper end of its range, indicating extreme greed.



Junk Bond Demand
Extreme Greed
Investors in low quality junk bonds are accepting 1.69 percentage points in additional yield over safer investment grade corporate bonds. While this spread is historically high, it is sharply lower than recent prices and suggests that investors are pursuing higher risk strategies.
Last changed Dec 5 from a Greed rating
Updated Jan 12 at 7:00pm


Market Momentum
Extreme Greed
The S&P 500 is 8.23% above its 125-day average. This is further above the average than has been typical during the last two years and rapid increases like this often indicate extreme greed.
Last changed Dec 3 from a Greed rating
Updated Jan 13 at 5:03pm