Cramer: The Market's Real Killer

By

Jim Cramer

 | Aug 27, 2014 | 8:13 AM EDT
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Darn that Snapchat with that $10 billion valuation. We don't need that kind of story now. That's the kind of stuff that always seems to stop the indices in their tracks. Every time the market gets traction in the Internet we heard some wild-eyed pricing for a company such as Box or Dropbox or AirBnB or Uber, and we recognize that the overvalued mob has some fabulous evidence to use against the bull.

We are always trying to figure out euphoria. We try to gauge it because it is a sign of excess. I absolutely loved Scott Wapner's interview with Jeremy Siegel, the terrific Wharton professor, on CNBC's Halftime Report Tuesday. That's especially as it concerns Siegel's comment that the skepticism is thick and there's certainly not a lot of celebration involving S&P 2000....355 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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