Jim Cramer Eyeing Similarities to Dot-Com Bubble but Still Buying Opportunities
The latest rally and hyperbolic rise in IPO prices have Jim Cramer concerned. "When you have these 50 - 60% gains in a week or 100% gains over three weeks, check out. Let someone else make the next 100%," Cramer said.
He cautions that the frenzy over IPO stocks is reminiscent of the Dot-Com bubble of 2000 and advises taking some money off the table.
But Jim Cramer also sees some buying opportunities, especially on the dips with stocks like Costco (COST,) - Get Costco Wholesale Corporation Report and also believes that Bitcoin is now a legitimate asset class that should be part of one's portfolio.
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