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

CNBC Investing Club warning meeting.

I've got to tell you, there is so much to go today that is very difficult to get your arms around

because you have companies from whether it be the rails, you have the chemical companies,

but you have communications, and you have the rails, you have the chemical companies, but you have communications,

and you have service now, and you have IBM, and also the airlines.

And my summary, my glib summary of all these is, it's gotten a little hot for me.

The rally.

Yeah, because the good are going up with the bad.

The companies that don't really have real growth are soaring.

And so I get nervous that people should be taking away two things.

One is there's a little too much exuberance, but two, the idea of the Fed cutting anytime soon is now ludicrous. After I saw the rails, after I saw the airlines, the chemicals, the papers, technology,

travel, leisure.

There is absolutely no reason for the Fed to cut.

And I wish the Fed, in retrospect, had never said that they were done.

Yeah, this comes, you know, you had some pretty decent GDP numbers today, 3-3 versus 2% estimated.

The price index was lower than expected, so certainly supportive of this soft landing thesis.

But to your point, though, it has, you know, where it's a record rally in the markets,

extending its gains, getting a little perhaps longer. I mean, it's how many days in a row can the semis go up? The tech stocks go up. Right. On the same news. I mean, look at AMD, which I happen to love and feel badly, but we did move into Broadcom. I mean, AMD is good. And it makes me, frankly, give pause to Broadcom. I mean, we have now, Brocomokom's every day brookom is now a top what six

largest company it's remarkable the run that it's had it's had a huge move um you know making new

highs good dividend a lower multiple relative to connect you know close does do work with Nvidia, which people like very much.

The VMware, that was a home run deal for that.

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