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Cramer: Overvalued stocks like Pinterest, Zoom could lead to a market peak

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'The top of the market always comes when there is tremendous euphoria, and today we saw that euphoria in the two deals that went off hot,' Jim Cramer says.

The debuts of Pinterest and Zoom Video Communications on public markets also came with froth, which could lead to a market peak, CNBC's Jim Cramer said Thursday."The top of the market always comes when there is tremendous euphoria, and today we saw that euphoria in the two deals that went off hot," the "Mad Money" host said.

The host said he likes the prospects that each of these companies have, but the stock prices could be running in worrisome territory. "The lack of an effective lock-up crushed buyers, and I had hoped would quell enthusiasm for further deals," Cramer said."That, however after today, is clearly not the case. So we are going to bring a whole new class of unseasoned investor[s] into this market who are gaming the IPOs and that kind of investor usually arrives after the easy money is made."

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

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귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

blaha blah blah. 2 weeks ago he said Lyft IPO would be the end of the bull run.

Is Cramer advocating investors to Abandon their positions in existing equities?

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