Dow futures were pointing to a 500 point drop at the open after President Donald Trump said that the U.S. will hike tariffs on goods imported from China.Morning Briefread more
Wall Street braced for a steep sell-off to start the week after President Donald Trump said that the U.S. will hike tariffs on goods imported from China.Marketsread more
Sometimes negotiators need to "talk tough" and even "act half crazy" to get results, Buffett said, but he refused to put odds on how the talks with China will turn out.Marketsread more
Kraft Heinz will restate its financial statements for 2016 and 2017, the company said in a filing with the Securities and Exchange Commission on Monday.Food & Beverageread more
"It's also a bet on the fact that the Permian Basin is what it is cracked up to be," Warren Buffett says.Marketsread more
These are some of Wall Street's best-kept secrets. Stocks such as Cadence Design Systems, Global Payments and American Tower are surging this year and leading the S&P 500, but...Trading Nationread more
A spokesman for China's Ministry of Foreign Affairs did not confirm whether Chinese Vice Premier Liu He would still be among the negotiators.World Politicsread more
U.S. President Donald Trump said in a tweet Sunday afternoon that the current 10% levy on $200 billion worth of Chinese goods will rise to 25% on Friday. Meanwhile, China is...Asia Marketsread more
Oil prices tumbled by more than 2 percent on Monday after U.S. President Donald Trump on Sunday said he would sharply hike tariffs on Chinese goods this week, risking...Energy Commoditiesread more
Goldman Sachs said chances of a successful deal between the U.S. and China are now lower, but suggested that an increase in tariffs could still be avoided — depending on...World Economyread more
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Those stocks saw huge losses during Tuesday's trading after sharp increases in share prices, with Plug Power reaching an all-time high of $11.72 on Tuesday, up from 15 cents last April. Fannie Mae and Freddie Mac—the mortgage lenders taken under government control during the financial crisis—also saw big declines that continued into Wednesday morning.
If those stocks can cool off and return the market to normal, then regular investors should remain unharmed, Cramer said on "Squawk on the Street. "
(Read more: Byron Wien: There's still time to buy stocks)
"They weren't worth a dollar just a few weeks ago, and that's the parabolic move that marks a top," Cramer said. "And I don't want to see a top. I'd obviously like to see regular stocks come back to the fore. ... I've been looking at those stocks for a decade and all they know how to do is lose money."
Cramer was expanding on a theme he broached Tuesday evening on " " that the moves downward in fast-growing stocks such as Plug would mean good news for the rest of the market.
(Read more: Biz Stone: We're not living in dotcom bubble 2.0)
"When fevered behavior goes away and we return to making money the slow methodical way, then the market is a safer, more rational place," Cramer said.
—By CNBC's Jeff Morganteen. Follow him on Twitter at and get the latest stories from "Squawk on the Street."