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Jim Cramer on High-Growth Stocks: You Cannot Trust Your Fellow Shareholders

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Jim Cramer discusses what's going on with tech and the markets.

"Relative investing may be the most treacherous kind of investing there is and right now we are playing the relative game like it's almost never been played," Cramer warned in his Real Money column.

"The bad news may mean that everything growth is worth less than we thought, and I mean, everything. The good news is that the main reason why we were even allowed to play this relative game so successfully is that low-interest rates inspire magical relative thinking. If we get rates to be tamped, then the game will be played again this time with a little more caution and a little less absurd valuations because the less informed will get blown out by the losses," he wrote.

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