Too Much Heat in Tech Stocks

Like the old days! Google (GOOG - commentary - Trade Now) is breaking out on positive comments about the end of the cyclical decline in ad spend online. Very 2003-like. When Eric Schmidt says "the worst is behind us", that's a clarion call that firms are loosening up their ad budgets and, because of secular positives, GOOG will get much more than before the freeze started.

Or Amazon (AMZN - commentary - Trade Now). Can you believe the stock's going up on a product? That's so old days. True bull-market behavior.

Or Apple (AAPL - commentary - Trade Now)? There's a company that is so close to an all-time high, and what's going on? The same number of bumps I have been forecasting forever because of the accounting change, although they are all being masked as operating gains. The key to Apple is the enterprise, and there is a very soft sell going on right now throughout the country, with Apple salespeople going after enterprise business. Given how our kids all use Apple and they will soon be running companies, you have to believe there will be takers.

Even Research in Motion (RIMM - commentary - Trade Now), the last of the old four horsemen of tech, is rallying. But let's be clear: I don't like it. Apple's killing 'em.

Frankly, I wish these stocks would cool off. That they won't is bullish, for sure, but how about a breather to let people in?!

At the time of publication, Cramer had no positions in the stocks mentioned.

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