Jim Kramer here to share with you a sample of my take on the market from today's

CNBC Investing Club warning meeting.

By the way, can I just say that of the stocks that I look at right now, if I just joined

us, I would buy some Amazon later in the afternoon.

I think later in the afternoon, I don't see the market necessarily going to rally. And I like Amazon, and I spent a lot of time talking with the company last night.

And I feel that it's being misunderstood.

Amazon Web Services is doing very well.

Yes, there is a retail component, obviously.

But I think it's overdone.

By looking at the forward guidance, you're making a big mistake.

Because that forward guidance is done,

and very, very rarely comes about.

It's hard to predict sales of a company of that size and profitability when there's just so many

different variables.

To your point about AWS, revenue growth did accelerate margins with 35 That's why I got one to sell this.

I mean, I had a horrible fight with their CFO when Amazon Web Services looked like it was

going to go below 10% growth.

And he said, we're going to hold the line.

I said, well, give me a, I hadn't liked the guy very much.

He's a Steeler fan, obviously, the Eagle fan.

And I feel very strongly that this

company is in such great hands that you have to buy some stock here at 160, I would be a buyer,

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