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Jim Cramer warns of market 'excess' as stocks surge

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Jim Cramer News

Stock Markets,Investment Strategy,Business

CNBC's Jim Cramer on Monday described signs of 'excess' he sees across market sectors.

He said these widespread dramatic gains make him somewhat apprehensive, warning investors not to get too greedy.

"If you had the good fortune to participate in some of these seemingly excessive moves, I think you should give thanks to your gains," he said. "And that means taking some profits if you're sitting on a huge win, especially anything like a double or a triple in just over three weeks' time." He said he might have less trepidation if the runs were concentrated in one sector. He named a variety of fields including tech and anything related to artificial intelligence, fintech, space and alternative energy. He also looked at "Trump trades," or stocks that Wall Street has embraced as they anticipate what President-elect Donald Trump's term, like private prison operators and oil service companies.

 

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