"If the White House goes into a full bore cold war with China, and it does look like we might, many of these companies will lose a major chunk of their sales, especially Apple," Cramer said.
Investors also need to be mindful of inflation after trillions of dollars of stimulus was injected into the economy in response to the coronavirus, Cramer said. Cramer said the final risk to the current tech rally comes down to the upcoming presidential election. Presumptive Democratic nominee Joe Biden is proposing to tax capital gains like ordinary income, Cramer said, which he said has a real possibility of being enacted if the Republicans lose control of the Senate.
All of these potential challenges for tech companies are dramatically different than what caused the dot-com bubble to burst in early 2000, Cramer said.
Chipotle it’s a restaurant business that sells burritos and trading with a forward PE of 1000. Yeah, it’s a bubble. I’m not even going to mention tech stocks.
This is better than 1999, the Nasdaq is gonna keep goin up because the fed is helping us. I quit my job during covid and i invest in facebook with robinhood app. Its cool and made money!
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