[video] Cramer Quick Take: Market Looks Too Bullish
NEW YORK (TheStreet) -- The market has continued to shake off negative headlines and fears in its march higher. TheStreet's Jim Cramer and Brittany Umar discuss the current investing environment.
The S&P 500 is trying to close positive for the eighth consecutive day, something that it did in July. Cramer said when that happened, the market slowed down for a couple of sessions, before continuing higher.
However, the usually optimistic Cramer said this current environment is a little too bullish for him, especially with the weakness in apparel and the financials' inability to decline, even though there have been fewer bank loans.
Historically, "the levels I like to be involved in, are not here," he added.Although Cramer may not like the current level for stocks, that doesn't mean he is a seller or is expecting a sharp decline. When asked whether it was time to trim, Cramer only said that he is not a buyer and does not want to put new money to work. He concluded that while Europe and China are rebounding, it's the latter that really has industrial stocks moving higher. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell
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