Jim Kramer here to share a short preview of my take on the market from today's

members-only CNBC Investing Club morning meeting. Join the club for full access to the morning

meeting every day at 1020 a.m. Visit CNBC.com slash morning take to sign up today. That's one word,

morning take. Right now, this morning we're sign up today. That's one word morning tape. Right now this morning we're going to try to, I think we test some of the declines. I wanted to get more intel in just because I

saw that there's finally, look, we're, I can soul searcher forever about this product. But the

main thing about the product that unnerves me is that we're always restricted.

And we had to go to great lengths to not talk about it until this morning.

And it's the one day when I do the confessions of a charitable trust runner, I'm going to say that the thing that most bothers me is saying, for instance, I liked on Friday, I did your piece on Sunday,

saying, listen, this SpaceX is real. SpaceX is real. And by the, by the way, I know the bookrunners,

and they did such a great job. And I said, you got a chance to make money. And you're worried about

perhaps that deal going concerned. Well, because I felt that they were going to put it in the hands of

flippers. It turns out that they scrutinized every account and that each firm that I dealt

with when I talked to, they actually went as granular as, does that person have a likelihood to flip,

which was extraordinary.

I've never seen that done.

I've never had in all the years.

I was at Goldman or when I was at hedge fund manager,

no one ever questioned what I was going to do with it.

This was just a nail down.

So you knew it was tight as a drum.

And what I think people didn't realize is that you have the Russell,

people who gave in the Russell, then you gain the NASDAQ 100, and you end up with

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