4.4 • 3.9K Ratings
🗓️ 3 October 2025
⏱️ 44 minutes
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| 0:00.0 | Hey, I'm Kramer. Welcome to Mab Money. Welcome to Kramer. I'm friends. I'm just trying to help you make a little bit of money. My job is not just entertaining, but I'm trying to teach a little bit here. So call me at 1-800-743, CNBC, tweet me at Jim Kramer. You know what's fueling this market? |
| 0:38.7 | It's the skeptics, that's what. |
| 0:40.8 | I think the professional money managers are concerned about how far the markets run |
| 0:44.7 | and the consistent gains we're experiencing, including today, where the Dow gained 239 points, |
| 0:49.9 | has to be advanced, 0.01%, and NASDAQ did 0.28%. |
| 0:52.7 | But the amateurs, the home gamers, drawn to individual |
| 0:56.2 | stocks now, keep powering this strong move higher. And as we get closer to the end of the year, |
| 1:02.3 | the pros start to throw in the towel and do some buying just to prove to their shareholders that |
| 1:06.4 | they didn't miss out on the market's biggest winners. Those investors want to make some money, too. |
| 1:11.5 | I think that's what's happening right now. |
| 1:13.1 | Could be early, but it does feel like there is a lot of fear of missing out, doesn't there? |
| 1:18.2 | Today, nearly, everything went higher, including crypto, gold, pretty much every asset class |
| 1:23.2 | that the professional sees overvalued. |
| 1:25.2 | It's very easy to denigrate this market if you're a pro. |
| 1:32.3 | That's because the pro see bubbles everywhere, data centers, uranium from nuclear reactors, the power, of course, the data centers, and quantum computing, which really burst higher today |
| 1:36.3 | in spectacular fashion. |
| 1:38.3 | I mean, those stocks have just gone ballistic. |
| 1:41.3 | The professionals want to see this speculative stuff cool down, including the data center stocks. |
| 1:46.6 | They want those lower, too. |
| 1:48.0 | They see these stocks that's pathetically overvalued, but they can't force them to go lower. |
| 1:52.7 | And they're afraid to short them. |
| 1:54.9 | It's like a Fedocom plea. |
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