Don't need a $250,000 business degree from Harvard to understand why the red-hot stock market just got run over. 

Third-quarter earnings season just isn't living up to Wall Street's over-inflated expectations. By no means has earnings season stunk -- nowhere do you get the sense the global economy is about to tank in early 2018 (which is where everyone is looking right now). Airline earnings at their core were OK. McDonald's (MCD) - Get Reportsales suggested lower income consumers are breathing, probably thanks to higher wages rippling through the U.S. economy. Boeing (BA) - Get Report received no love for its strong earnings, but it should have as the order book was impressive. Caterpillar (CAT) - Get Reportshowed signs of life for its pricey mining equipment. People are paying a little more to drink Coca-Cola (KO) - Get Report with zero sugar.  

What Mr. Market is saying at this moment is that it MAY be overvalued at long last. Stocks were bid up aggressively into third-quarter reports on hopes of blowout numbers and strong initial guidance for 2018. We haven't really seen either happen. All we need is Amazon (AMZN) - Get Report to reveal an earnings miss this evening thanks to investments in robots and sprawling warehouses and the market will probably tank on Friday. Get ready. 

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Now You Can Be Scared

I'm the typical time-starved millennial who doesn't even think twice about the recent spate of cyber-attacks and how it may hurt my life at some point. But while chatting with Akamai's (AKAM) - Get Report co-founder and CEO Tom Leighton (video above) I couldn't help but to be freaked out. Hackers trying to disconnect entire cities from the internet? Hackers targeting corporate HVAC systems to steal worker information? All of it is sick and likely going down a path of getting even worse.

Leighton didn't say if my eventual Apple (AAPL) - Get Report iPhone X would be safe from hacks, but I am no longer convinced it will be.  

Good news for Akamai and other cyber-securty plays though. 

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Join Jim Cramer, CNBC's Jon Najarian and Other Experts Oct. 28 in New York

Jim Cramer will host CNBC's Jon Najarian, TD Ameritrade's JJ Kinahan, famed analytics expert Marc Chaikin and other market mavens on Oct. 28 in New York City to share successful strategies for active investors.

You can join them as they discuss how smart investors can make the most of options trading, futures contracts, fundamental and quantitative analysis and great ETFs to buy right now. Participants will also get a chance to meet Jim and other panelists and take photos.

When: Saturday, Oct. 28, 8 a.m.-3 p.m.

Where: The Harvard Club of New York, 35 West 44th St., New York, N.Y.

Cost: $250 per person.

Click here for the full conference agenda or to reserve your seat now.

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