Passing on the Upside By Jim Cramer About this article: I read a scary book this weekend: the S&P chart book. It was frightening because there weren't more than a handful of charts that weren't overextended, and many stocks have reached levels that I didn't like when their companies were doing well. Chart after chart in every business, but especially retail and industrial, have moved up so much that you have to feel like a chump to come in at these levels. There are almost no stocks with growth prospects that have accidentally high yields anymore. Kimberly-Clark and Paychex were the only two that I saw that seemed remotely appealing, and maybe Philip Morris. Many indebted companies, not just the banks, should be issuing equity here to fix their balance sheets. Companies like Micron and Western Digital, which have been able to raise prices, have gone through the roof, as have companies like Motorola and Advanced... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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