Cramer Remix: Occidental Petroleum's deal with Buffett is ill-advised

A man walks past monitors for a television studio on the floor of the New York Stock Exchange ahead of the closing bell, May 1, 2019 in New York City.The red-hot market will be put to the test when Uber goes public next week, Cramer said.

"We've got a runaway freight train of a market and I'd love to see the darned thing cool off for more than a session or two," he said. "It shouldn't be this easy to make money because, trust me, periods like this one never last that long, and they almost."Traders work on the floor of the New York Stock Exchange on May 03, 2019 in New York City.

There's a split between the actual turn in a business cycle and its perception, Cramer said. The art of timing the cycle is subjective, and too much optimism can hurt a portfolio if the cycle doesn't materialize as predicted, he added.

Couldn’t agree more Mr. Cramer. Buffet is in the private loan business. He doesn’t need to make a big purchase anymore.

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Source: CNBC - 🏆 12. / 72 Read more »