Hey, I'm Kramer.

Welcome to Mab Money. Welcome to Kramer.

The people bank friends.

I'm just trying to help you make some money.

My job is not just entertained, but do some serious explainer here.

So call me 1-800-743 CNBC or tweet me at Jim Kramer. It's starting up again.

You know the Whitney. The market's too concentrated. Gage just in a handful of stocks. The whole thing's a house of a card. So sell, sell, sell. That was the story yesterday, and we heard it again this very morning, even as the averages opened lower and then rallied through the day. Dow ultimately slipping 25 points.

That would be advanced 0.1%. But the day, Dow ultimately slipping 25 points.

That's to be advanced 0.1%, but the NASDAQ ended up gaining 1.02%.

Every time the experts start wringing their hands about concentration, the market's lack of breath,

lack of breath, people sell the best stocks in the world.

Look, I don't mean to cast aspersons on anyone who's trying to be prudent.

There truly is a tremendous concentration of capital tied up in a handful of companies.

But there's so much fear-mongering about this phenomenon that it's almost guaranteed to lead you in the wrong direction.

Twelve years ago, I helped coin the term, quote, FANG, Facebook, Amazon, Netflix, Google.

Because these companies were changing the world, their spectacular growth prospects, made them incredible investments. Later on, I added Apple to make it fine. Pretty soon we had to throw in a video. Microsoft, too. You had to hold on to these for dear life. Their impact on our lives was palpable. And of course, they're worth far more now than they were selling for 12 years ago.

There was a concentration then. There's a concentration now. It's not fatal. It's lucrative.

At the time, though, I took a lot of heat about my selection. People don't remember that.

The fang stocks were already up so much. Every single Jumok and his brother knows these.

I have a keen eye for the obvious.

I didn't get my back slap for coming up with something special. I was lambasted for pushing

something pedestrian and potentially dangerous because they were all so expensive and concentrated.

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