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

morning meeting.

Let's look at the markets.

We are seeing a little bit of softness this morning, some weakness across some tech names,

Oracle, which will get into a minute.

Treasury yields little change.

CPI is tomorrow, so a big event there. Oil, slightly higher today.

You have some OPEC inventories showing some tight inventories there. Jim, any thoughts on the market today?

Yeah, I just think Oracle, we have to talk right up front. Oracle is just one of the greatest overreactions I've ever seen.

I mean, it's entirely possible that they've really wiped out the whole value of the CERner acquisition, which is really what people are focused on. And I don't know why there's so many headlines about a slowing of the cloud. When I can tell you, if we were sitting down here with Saffircats, she'd laugh about that and how strong it is. This is all about a recognition that they bought this healthcare company

and they've not been able to make it work. CERner goes up against Epic. Epic is a private company

genius operation. It hasn't worked out so far. They are doing a change in their accounting,

make it so it's more ratable, which means that you can't see how much they're really doing. But all I can tell you, Jeff, is that anyone who thinks that this is because of a sled on the cloud is really a fool. And for a stock to be down 17 right now with Saffir Katz and Larry Ellison, I'm just going to say, overreaction. I know the stock's going to be down at the end of the day. That's the way these things play out, but we've been there. This is a buy. Yeah, expectations certainly elevated into earnings as well.

You had the stock trading around not far from an all-time high close heading into earnings.

But yeah, I'm with you, Jim, with the stock down 13 and a half percent today. Really, if you parse through

management's commentary, I thought it was incredibly bullish. You're talking about demand for

exceeding supply. Really, the only limiting factor is they can't build enough data centers

just to keep up. So, yeah, it does feel like someone wants to sell it down 20. It's like you get an order. I used to see this in trading desk, which is, look, I got it, I had 20 million shares Oracle, sell it down 20 because you're so angry, you know, you're just really upset, it's very emotional. You got, you know, sell it down 20. I don't want it on my books.

I want it sold. I want it sold by the time I go to lunch. That's the kind of order that you're

doing with right now. It's a down 20 order. I would say that you buy some here and buy some

down 20 because that's what this seller is doing to this stock.

Start your day with my outlook on the market every morning.

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