Jim Cramer Says Stock Market Is Not Near a Dot-Com-Style Bubble
2026-07-14 22:32:30
According to CNBC, Jim Cramer said Tuesday that the stock market is nowhere near the kind of bubble that preceded the dot-com crash, arguing that perceived excesses such as SpaceX are outliers rather than representative of the broader market. He pointed to a cooler-than-expected consumer price index report on Tuesday as easing concerns about near-term interest-rate hikes, and said a dot-com-style crash would typically require a series of major rate increases. Cramer also said valuations are more reasonable than in 2000, citing FactSet data showing the S&P 500 traded at more than 25 times forward earnings heading into 2000 versus about 20 times today. He added that Bank of America, Goldman Sachs, and JPMorgan reported substantial earnings and revenue beats on Tuesday and trade at roughly 12 to 18 times forward earnings, and said SK Hynix trades at about four times 2027 earnings estimates while Micron is at about six times 2027 estimates; he also said Nvidia trades at a similar multiple to the broader market.
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