Hey, it's Kramer, and this is my morning take on the market from today's

CNBC Investing Club morning meeting.

You know, Jeff, 12 years ago, we had the SP downgrade and it turned out to be an important

low for the stock market.

A lot of tech sold off and people panicked.

Well, here we are again. This time it's Fitch, and it's really having an impact on the stock market.

Yeah, I do wonder if it's an excuse to sell. We have been overballed for quite some time.

Haven't really had a significant pullback in a while as well, especially off the strong June and July.

But seeing some pressure today in

stock, some upward pressure and interest rates, maybe that's why we're seeing a big tech

decline. But to your point, maybe that's the opportunity to buy. I mean, let's take,

yeah, let's take, okay, so let's look at AMD. All right. Now, AMD was up at 1.6 last night.

They do, they did reveal today on Squawk on the Street that they have enough of their own H-100,

so speak, of what Nvidia has. The company's doing quite well.

But the stock's up 71% and I think people are saying, you know what, I'm going to ring the register. That's where the opportunity comes. If you don't own an AMD, I think that AMD is getting interesting. Yeah. I was just looking at some other tech names too. I mean, Palo Alto down around 4%. No real news there. I actually saw, if anything, Keybanked raised their price target to 300 this morning, so maybe

the wrong day to do it for that, given the set-off in tech.

But there could be some opportunities that present themselves.

Right.

I mean, look, I think people have to understand that when we have Fitch, that then breeds that rates go higher,

because people are saying, listen, we have too much debt.

Actually, the Fitch DAD rate happens to be about how we can seem to agree to a deal for

Martin, by the way, we have too much debt.

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