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THEME NUMBER TWO: The government shutdown has created an overhang of large IPOs that will be the real challenge to FANG and company. Now that the SEC is back to work look for the avalanche of new supply coming out of the IPO chute.

If you look at the incredible amount of looming merchandise from the likes of Uber, which I suspect could actually be a $100 billion deal, GE health care, which I had hoped would be sold to a big company but is now looking to be an ipo that could be about the size of Danaher, a good comp, at $77 billion, Wework, an exciting black hole of a company, cyber security company Palantir, which could pressure the stock of Palo Alto, which we will be discussing later, Air B N B, which could surprise in its size to some sort of $50 billion balloon, Lyft, not as daunting in size as Uber but still up there in exuberance, Doordash, Postmates, Reddit and a host of players to be named later, you know there is no way this market can handle this level of supply without new money in and there won't be any. Therefore, we will have to have an adjustment down from where the tech stocks stand when the onslaught begins no matter how strong earnings might be.

If you were to ask me what the single biggest worry I have going into the next two months might be, it would be this supply, this monumental tsunami of new stock that will have to be paid for by selling the FANGs as well, for that matter, as the cloud kings.

I think the supply will initially be greeted surprisingly well but the welcome will wear out relatively quickly. That's because the first deals will be priced tight to bring big accounts in, to juice the pipe, but things will get progressively more sloppy, until the market is overwhelmed and ratcheted down. I am moving this worry from the back of my mind to the front as we speak.

What can we expect post-shutdown?

Jim Cramer believes the government shutdown has created an IPO overhang that could impact stocks such as the FANG stocks. 

His biggest worry in the next two months? The "monumental tsunami" that the markets will see from the IPOs. The IPOs would be draining money from FANG and even the Cloud Kings. 

Investors will be selling off their shares of the FANG stocks and the Cloud Kings to put money to work in companies such as Uber or Lyft. 

Curious to see what else Jim Cramer's got in his mind this quarter? He breaks down his top themes in his February Action Alerts Plus members-only call. Non-members can go here to sign up.

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