Jim Cramer: The Market Is Very Overbought
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer warns of an overbought stock market
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer warned of an overbought stock market. 'We've had such a run and the market is very overbought,' Cramer said. He pointed to the S&P's Proprietary Oscillator as a way to gauge how weak or strong the market is. On Tuesday, the S&P 500 and the Dow Jones Industrial Average closed at record high levels of 2,152.14 and 18,347.67, respectively. The major indexes continued to build on those gains in midday trading Wednesday. The Nasdaq remained above 5,000.









