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

CNBC Investing Club morning meeting.

I do feel a little more cautious here because I do think that we had this, what I call

the super micro blow off yesterday, which I really don't like.

I don't like it when you have a stock that opens up big and comes down and follows

through with more decline today.

So I know that certain stocks can be forerunners.

I don't want that to be a forerunner of Nvidia.

No, absolutely not, especially ahead of their big GTC event in a couple of weeks.

But to your point about what's happening in some of the big mega caps today and in tech, it is a little

bit of a rotation happening. Same thing as yesterday, you know, hard to say broadening out with the

index down that much, but we are seeing some good moves in banks, staples, utilities. So it's

just all not down, some health care stocks holding in as well that we own. Don't forget at Target. We also saw some retailers, dollar general, dollar tree. Yeah. So it's just all not down, some healthcare stocks holding in as well that we own. Don't forget at Target, we also saw some retailers, dollar general, dollar free.

So low to medium size, a retailer is doing quite well.

And I think that's important because what this speaks again to health and consumer.

We know that the consumer's not getting big wage growth, but we do know that the consumer continues to be important. And I know at the end of mad money yesterday, you kind of just sound a little bit more of a cautious tone

that you had about the markets here after the big run.

And this is one of those things that is much more gut. I just say we've been up since November. Bulls make money, bears make money, pigs get slaughtered.

If you don't think you've been a pig by taking your cash position up to say 10%, which is what we do,

which is very extreme for us, then I think that you're making a mistake because you can trim some Morgan Stanley here that we bought a lot lower

and feel very good about it. I don't want to just walk around with all the stock that we have

as if it hasn't been up and it's just time to start buying. That's not the case. Yeah, no, I totally

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