Cramer: 'The real world is much worse than the stock market indicates'

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'The real world is much worse than the stock market indicates,' says MadMoneyOnCNBC's Jim Cramer.

CNBC's Jim Cramer says he expects most companies to post weaker earnings than they did last quarter.But against that backdrop, the Dow opened less than 1% away from its record close. The S&P 500 on Thursday closed at an all-time high.

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MadMoneyOnCNBC Cramer has lost it~

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