Hey, I'm Kramer.

Welcome to Mab Money. Welcome to Kramer.

Other than my friends, I'm just trying to save you some money.

My job is not just to entertain, but to put days like today into context.

So call me, 1-800-743 CNBC, tweet me at Jim Kramer. So, Pounder fails to rally in response

to a great quarter, and we all decide that it's time to jump ship because the entire stock market

must be overvalued. Silly as it sounds, I think that actually is what drove today's action.

With the Dow slipping 251 points, S&B losing 1.17%, sell, sell, sell. And NASDAQ Palantir's Home,

tumbling 2.04%.

Do you mind if we are a little less emotional and a little more clinical here in Kramer?

For a while now, I've been telling you that we have three separate markets.

There's the high-growth, high-tech market that's mostly about the data center.

There's the real economy.

And then there's the speculative market.

Let's take them one by one.

The tech-slash-data data center economy covers a lot of different

areas. The companies that lead this group are at the heart of the fourth industrial

revolution, think everything from the magnificent seven to highly valued enterprise software

companies to industrial companies that have pivoted to building out AI infrastructure. The data

center. These stocks tend to have high price to earnings multiples, with the multiple

being what investors are willing to collectively pay for their earnings. The average stock

in the SB 500 currently trades at 23 times next year's earnings. These data center stocks tend

...