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CNBC’s Jim Cramer said that while comparisons between today’s market and the dot-com bubble are growing louder, one key difference stands out: Wall Street is punishing stocks even more aggressively than it did in 1999.

“We keep hearing this drumbeat that 2026 is 1999 all over again,” the “Mad Money” host said. “But the difference between now and 1999 is that this market does not stop punishing the companies that disappointed ... You are unsafe at any level.”

The S&P 500