When asked about Ubiquiti Networks (UBNT), a wireless equipment provider, Cramer said that this stock has run too much and needs to cool before he'd be a buyer.
Mad TweetsIn the "Mad Tweets" segment, Cramer responded to questions sent via Twitter to @JimCramer. Cramer said he still likes Nordic American Tanker (NAT), but fears that railroad CSX (CSX) has too much coal exposure.
No Huddle OffenseIn his "No Huddle Offense" segment, Cramer outlined all of the bear arguments for why the markets are headed lower, and why he's not worried about any of them.
Cramer said the weak Chinese GDP number was exactly what he wanted to see, as it means that country will have to engineer the soft landing that everyone wants. In Europe, Cramer said the Europeans are finally dealing with their crises as they arise and this time will be no different. Turning to the banks, Cramer said he's not worried about earnings, he wants to see revenues, which are finally on the uptick.
Finally, Cramer said he too was concerned over Google's (GOOG) disappointing results, but then he remembered that the stock trades for just 12.5 times earnings, even less if you back out the company's cash on hand.Add it all up and Cramer said the markets were probably ripe for a little profit taking, but it's certainly nothing to panic about.