Jim Cramer told viewers of Mad Money Wednesday night that riding sharing was also a big winner in the election after California voted that Lyft (LYFT) and Uber (UBER) can continue classifying their drivers as independent contractors, albeit with a few additional protections. Cramer said this was a big win for the gig economy and also a warning to other states not to interfere with progress.
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Trading action is so good it is difficult not to be concerned it is frothy and ripe for a negative surprise.
When too many people point out something I wonder whether the trend is overdone.