NEW YORK (TheStreet) -- On Tuesday's "Stop Trading!" segment on CNBC, Jim Cramer drew parallels between the current market and the "great runs" of the mid-'90s. "There was hardly ever a breather, and as soon as there was," he said, "people came on and said, 'This is it! It's all over!'"
He said this pattern repeats itself in any bull market. "You can't find a guy who likes the market," said Cramer.
Cramer said that the
chatter, with "a huge number of puts being bought," is that huge losses could come out of its
. "Goldman is a market leader," said Cramer. "The bears know that if they can knock it down, they can really get some downside pressure in the market."
People assume that "every single medical instrument company has to be bad because of
," said Cramer, including
. "What happens if Boston Scientific is taking share from St. Jude, which is what I believe is the case?"
-- Written by Rebecca Corvino in New York.
(Editor's note: At the time of publication, Cramer owned Goldman Sachs for his Action Alerts PLUS charitable trust.)