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tv   Mad Money  CNBC  July 7, 2009 6:00pm-7:00pm EDT

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welelco to world. > y n nd to get i thegame. >hey're nuts! ey kwwnhing? like t to say there's a bull market somewhere. >> hey, i'm'm amamer welelme ad money." welcome to crameririca my job i is notjuju to enterta, but to educate, s s call me at 800-743-cnbc. let's fafa it, let's face it, we've lost oil. a crcriaial part of the rinity. remember the 3 i in 1 theme, oi te and financials? it's no more.
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as we now recognize it, oil icicesere manipulated up, and the e eneyy complex simply llowed along. discovered that o was ked bytwbibi traderr w wit couple m milon in h pocket and now we can't trustst the pricec crcrudorrices of t the s stoss that -- t tt phohonissss could cause ather $10 decline in oi which m mea evererytngng ululd way too gh, and cat be relieddpon toreverse this decline in the averagingng. we're probabablyotot done yet. atat'sow important oil was. so what hapappe now t tt we'vev
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loststhehe trilogygythth packed momo p pun than the "lord of ee rings"? thbubull are not listening. do wewe run to jejelltoto tional park a and join yogi and boboo-? stst night we d detmimidtotock were toooo high. there's some gooood ewews, somed newsws andnd guess wveve bn at thtop off the rae. i ink the bottomofof the range lies in the h hig 7,00s, rembmb, that's when we g the stimulus, a realal ststululus now w the'veosost a crucial part of t t trinity, you want to expect we e ululd heaeade for vivisi to the davgvg basement. ststl,l, i we're evever g gng t bounce off that downstairs d dir linoleum floor that i sippedhehe cheap s scohh off of, then wrer gogointo have to finin a replacement t fooil, and i not talking g abtt synfuels.s.
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we need setetng more than just techch which got h hit withugug profit-taking today,y, amomore thanan justbabank which triedo ho their own,n, tried to ststrulele hihigh,, so tonight veve a nomination. i have a nomination f forhehe rkrk's new third legeg of theh tripod toe strtrpeped on after we g get hammered someore from these vels. thth nomininatnn is, drumroll, plplea -- healthcare. yeah, health care. yoyou know foror t t lastththre weeks s veve bn highlightiti t e once villaininou complex, beue i i thkk that p psiside obama's bark on the i iss will be much rsrsthan his bite. yeah, i'i'veeeee f feariring th
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almost every nit.t. weee sfting ere. i amam saying t t industry shldldn'be hurt -- well, let's y it wouldn'n' be killed by health careform. i'i' simply tellinggou that stocks hee already bnn crushed, and isese some c chaes buy a sececto on the cheaea th's'shy i've been ghlighting it night a aft night. when t the smoke clears from th oil compmple it will beeaealt rerehat takes ov. whwill be thenew l lears nowow thatathealth care will be didilacing oil in the tritit i've been rolling thehem out sohbound sasa, but nonow it's time to lay things outut explicitly. rsrst, we are meting onmeo alth, mhs forllll you h hee gagame.. last nigig you heardavav snow,, dd uu know whyt should be boht. the e mpmpan which saves cocompieie fortens and individuals asorortus by sellllg g drness bulk.
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has the mt c csistent eararni stream of any y bunene i follow. u u wi never fi a company with more visibibily,y,eaning management's ability t tsesee d accurately predictct earnings tn medco. i i ininkhis stock is headedo 60. especiallylyinincet's a frfrie ofof hltlth care reform, n an enemy.y. how about diagagnoicics? the presidenens s farite theme. thther we picked egx. at's the plalay. iththin theumbers forthis one are tooo low, especially given theeovovnment wants save money by p pveventg diseaease that's's the job of dgx. for thatwewe'vbeen tellingyoyou mdrx. which has only s scrchch the suacacff brbrgsgs prescription
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writing andd recordkekeepg g in the 21 century. i consider themo o t the microsofofofof dices. stj on the high end andnd btoto scientific o othe low end. two cardiovascular plays, onen knor its consisteteyy and o o i've liked for thehe tn n ound potetentl.l. also, , t theay, we talked about wellpopoinwiwi rebecca jarvis toyy on "streett signs." wellpoint's got the least exposure to t the mecaca advantagage program. that means it's not g goi to hahave the numbersrsut like t hms. fifilly iikikegill ad,, which i think will surprise to t up side becauausef f efafabuus titiag and a abbt labs, but has been kept baback by t the e his jabber. ththe two, whichch i bhh ownoro
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mi charitable t tru will be the new winners. aiai not until t smoke cleaears , , we didn't want toto lose oi. that's why we're getting k kild here. i'i'llavav more ththouts, but th fact i is oil's got a buililt- weakakssss. it's veero umum. 6 the consumer, consumer manufacturer. health care, o on e e otr hand, can have reall long-term owth, enenn a slowdown. i they i emerges ahe sell-offff, kiki a rightful place with financials and d tes. the same combination, by the way, that ledss thugugut the eat 1990sulul market. the bottttominin -- wee not done going wn. i didn't see tss change i in oi cocomi. wh i didn't knoww out the maninilalati, but while w we changege leaders andlose oil,l,d
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yoyofefeel the pain, am telling you that healtlt care will emere at the top and then i thinkouou lllleel the gagain may go to te in pepennlvlvia, eaease >alalle jim, howre you doing? >> okay, pete, to be honest otr thannhat huguge win b the phphiles, it's been scscraging. > cleler: wanted to ve you a gg boo-yahor the phillies todaday. i was readidingoday in thnene york timeses," gugularsanted to limit oil contracts. i want to k kno if sothing like that wouould pose we for likee xto ororcecerticate sectors. >> we're seeing a bifurcated markrket they have not been abityo ninilate the gas. in fafact the ung,i i wa tkikig with dondion,he owns t ts etf spspac 's's bn saying o orr and over again n thmomone into ung has moved natural gass h higr than t
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shld be. i do notanant to lumpin the natural gastotock with thehe o o ococksbut themamaet wiwill ththeye all goingdown, pete, i dot want to outthink this. weavav anotherevevel ofdecline in the oilils,hahait lolong between $45 and $5 that's when the stocks were at leveve st, thatat's where oil wawa i think that we see thaha kind f decline, we're not doneoioi down. i i notecommending speculating inhehe oilpatch o e natural gas tctch just yet.t. schlumbergermay be 46, 47,i thought maybe itit cldld go int the 50s.s. i think wn s somof theoilsee ge we'll get backk in. but right t nowewe'rholding off. >>oo ya, mike. > clele you owow, ji i
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rereal a appciate your education and l ltt week you werere taing about pe r rat a how they relate to stock and i i'vbeen llllowg rarian, withh a p.e. of 13 and higig growthrate. i'm wondering if this isnene o thestocks like m koo thahass beenenlaughtered whh the whole heheth care sysyst?? >> i think it isn't. there have been whatat's known multipiple c conaction there. thank youu for referencinin tt sh. my dadad t thohtht that was very intelligent t sh,, and i i w thrilled. ththat a a equipment coanany. wewenonowhaha m koealthavav money right from theheopop. the systst is too sapapd to spend a lot o of money o on bigg health care hardware, soo i i ct geget behind r rian hehere dodon'want to buyit all rrig.
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e e 3-in-1 thahat to us out of e dow is no more. i do belelie that whenee erge frhis particular farce, health care will l a new leleerer. that wililbebe t third leg off th tripod. until then, let's be c cauouous. cocoulretail stocks be ba in ststyl cramer is sing itup.. > pss on anan all-nenew "off chchar." jim is performing aasas testt on o succuculeststk.k. could it add dash of "mad d money" to y you bottom line? >>later,r, wt das addly d dee on t ststre has cramer all red up. nd out on atatedoutrage of the e day." all coming up on "mad d neney.
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while i wawas busy shufflin between bches on lolong a aid a new jersey next week, teenn brands witith sising-d-dit stock soededhen it ught a bid from thereress rnrn. i know haven't likeded reil a whole loss lately, bu with gasosoli prices falling, something i mntntai should rerail thehe economy, given that higher gasololinwawas supposed derail the econonom.. pepeop want more money in their pockets to b things likik clotothi.. as wee seeining ee reil indudust w we upo the fact at some s snnnned stores coulul be picked up for a ngng preferably not one ngng by lady -g-g yesterday we havesosome diamonon i in e rough for the
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group. people t thi the babacko-o-scol season will be a a bust. i was blindsided by the t tee bid.d. let's t into a a down and dirt retailer and do so value shopping. don't just mean d dolrr ree, where a nice womoman stopped men thursday andnd sasaid things mu rely, reallyy bad wn jimim cramer is s spping at dololla tree. i got news for yoyou,lady. i've been shoppinghere for ages. hododoou think i i got r rhh in the first place. thgh iid overpay fortwtwo boxes o of good plenentymymy b whichh bngs me t t hrhrs forlll you u ho gagarsrs. u might know i ass lane bryryan or fhihion bu andcatherine's,
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itshree mn brands. though defininityy a diffffenen dedemoaphic. thisiss s a $3 and c chaee name that i don't't tnknk is damaged goods, jusust damamageststk.k. and in tnn brandnd can get taken over nijenvironmement we want to findimimar speculatitive retai plays. hehersan be bought. i think the venerable spsps fits the bi.. rember, there a arewo dierent ways o of valuing a stk. nonormly the a aroach we use o e e show, we think about what other investors, maiainlthth bi bobo that r run the mutual fund and hedge fununds w wl pay f the ststks, but ww that we've goen some real acquisitition it's importata t toecall that stocks have anothth s soue of valulue. they aren't just pieces o paper that alwayaytrtrad as i if ther only aoss amer-thin connectionn to the underlrlyi bubusissss,
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bebecae that businessas valulue to other companies. weave to considerer whahat theye willing to pay,hich at times like these c b be much more than what the m mkeket ll papay. h hav to considede our favoritt twleleers after m m & ms,to bebor the candy initiative.. m & a. i think t the tining ararmi sheses couou b be an idede taovov targrg,, but don't forget the rules. we never speculate on tatakeere unless the futuring of the coany are improving. in papapeacackt bookstore near you. w w artheunundantals is it is there a reasono o o this stocock dedepeent of tataovover speculation? or could you s simyy end up ldldg the shopping b bag as the ststocgogo lerer andowow while
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waiting g rr an acquirer. i think theeomompa is at t th beginning g of turnaround wh grgrea newmanagemement that shoululdrdrivthe stock higher regardldls s of any m & actitionand i lieieharming foroa not c chainin reason.n. it alala on one of the gat secular trtren,, a we learned from david snow. i wawa t to t it politely. it's thehe trend off -- of getting -- how about ofof gtitig larger? nonow, d d't want to throw aroundnd ps s ze -- yes, thank u. gi me little cue ccd. yowant tohohow ththem this is h the show works, cacausthis is l lee youtube after all. 's like "say this term" cacae we're allbobout - -- welll anyway, we don'tike to roro
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ound words likee atat "or "o"obe." and everernene kws i'm a gentntlen.n. but as it happens, about two irds ofmerican wenen are plus size,e, though y n nerer hr thteterm ""misssize" so certainly a tt o retail solvistry. it has about 33 market she,e, its 10%%arket sharerein regular plus-size apparel, and there's also nunuerer one in intimate plus-size apappal, and in plus-s-siz denim. that equals four. bui inin the c cpapany may be wowortsix. dodon' c cl that newfangled jujuste e dertment, they might break it up. chmimi sheses is astraightup ayonon aricans gettingbigger no fatter.
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i wouldn't sayy anythingg that asass. itit's something we can't seemet reverse. then t the's's the turnanaunund ararmi shshops. it was under anninintem leadership, then alan rorocamp c cam in a and started the turnararou, , lling noncorore sinesses like cacatags, cucuttgg coststs, to imove the balance sheet, andnd aggrereivi cutting inventorieinventories, s were down 19% in ththe first ararr. we ma -- they brought i t thr nenew execututiv,, to managage company's bigggges brandnds,nd ey hired a permamaneeoeo just aououplononthago, paul fogg
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fogger foggerty. ththisuy isn't a fixexeruerer he's a bona fide turnaround artist. toakake e of my variouou spots courseses eart rad, a the new ceo with tail experiencnce as the formercfo ofevevi strauss, whehehehe ce in, charming shoppes w at $2$2.3 it up 67%, but i stitill think it did go higher. chrs hasbout .32 inn cash, givinghis a n nic floooor. y you look at t thecent quarter,r,t't's clear the inventory and costutut are working theieir gigic. but operating income washington flflat grossmargins, which is our favorite a at "mamamomone" imovov, now that people h he e a little more money i pockets thanks toheheap goline -- look, iinow ununemoyment is a big prprobm, but cheaper
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galine does matter forr plays like thisis i thihink ayays on charming shoppes coululd get bk on track. suueuehaa reports a a 1% increase could boostst earningss much as %. that's huge gin they're expectcted to lose 20 cents a share. hehe's's t bottom llin i ththkk i works f for spececulioion. it's anattractive takeoverr targetet fny other rerememer loinin to get in on plus-size actiti, , an clearly in the middlelef f a turnaroroun t tt' wowoining. remember, thoughgh, th these single-digit speculative stocks, you alwaysavave too buy u use lilimioords, anan you cann neve paup,p, because thahat llll eat into any g gnsns you mightht ve ananyoyou willhaha me forget rr even mentioning this cpany's name. yoyou pay a ususrice anythinin more thahan $3.75, a and you w
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be able toto te e back too the ore. you'llll jtt se the money as i exexpe it to tradeback downn t $3.50 by the endofof the week. after the break,i'll try toto mamakeouou even m mor money.y. coming up, jj's'serforming a taste test on oneucculent stock. could it add a dash of "mad ney" to your bottom liline > a and later, ji goes fastd fufuris, as he faces anonstop rrrragof calls, giving stockck teter ock their f fin v verct on "the ligightngng round." plus what t daarardl deed hs cramer firedup? nd out on t the heed "outrage of the day" all coming g upn n "mad money." to l lk k afr my money."
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tdtd: : 1-0-345-2550 d#: 1-800-345-2550 "t d dusmight be settling.g. tdd#: 1-1-8034342550 that's greatat, t i'" tdd#: 1-800-345-2525 tdd#: : 80800-5-2550 "i guess i'm j jusdodo with doing noththin y younow?" tdd#: 1-800-345-2550 tdd#: 1-80800-5-5-50 "oh, i'm not t thiining . tdd#: 1-800-0-5-5-25 i am moving it."
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and you knknowhahat, it works. nutrisystem for meme flexible n n p proams peonalized to meeeeyoyouroals. what's g gatat aut nutrisystem is youou e t t foods you love i'm m n n mano. i lost 22 pounds onon nririsyem and i've kept itit o for three years. for a liliteted me, get an extra thrhreeeeeeks of meals free! thatat'sigig, you can get an extra 21 breakfasts,,lunche, nnnner desserts, and d acacks at's 105 meals free!
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had awesome results.. i i an, i lost 22 pounds,,mymy , it came off f fa,, and the food was grereat it's what every gugussbeen: it's healthy weight t ssss and. you'll s savhuhundds over other r igightoss programs. that's rigight10105 als absolutelylyreree. call or clclk k no guys, yoyocacan this. ststick up the phone ancacall you wiwillosose ight. > i've never seeee a market where t t technicals, the arar mattered as mucuc as in thisone. i like to jo thatt tetechcacal analysys s see to me like a bunch of mbo jumbo cckck mbo. with l loongng at pipiogogras, divivi f fute stock icic, but the truth isis weonon do "off
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the chchts" every wkk just for the ratings. to figure o out where the -- it alall ouou u undstanding what te big money is thinknks, meaning atat'soingn in headsff the guys, because eyey control s s much money a do s smumuch trading. nowe're notmental it'ses, rtrticarly on nb soweweave to c com up withh proxies for wt they think. rsonally i like to lk at the fundndenenta. and thenen extrapolate on m my owowdge of the bi moneyey playbook, but t the'e'another waway l looat it. may note e le to seto ththr r heads, but we can see thr r foprints andnd fingerr pripts a all over ee marketetih
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technicianansthey're k kdd of le the csi now, tonigight w wvevea spspecllututhe vandross espipici of "o"o the charts." we'ree hooking atccormickck,tht world's largegest spice coany. lalyly i business has beenn a dodo butnstead of being in the boowow shachateau,s ststoc a sosoar, sugarnd spice,, rightetr than ghght. f ft mccccorckck's so h h we ilt a spied-amid to denstrate. ititayay n have any s sug o fundamentals thatt seeeem
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atacti atactive, but dan ititzprick, ourgogo-ttechnician andmymy colleague att alalmoy.com, u'u'verobably seen h h o "fast money," " he agreeswith thther vandross. he thinknkshe chart is righter than right. . prove above ththe 200-day moving aavege, t t most significant average fororosost people, boom, it brokee above i. that's a lg-g-rmmeasurur and think this i ithe beginning a new up trend.. it's beenrading in a sewews mo. or in technician-speak, , it been buildldina a se.
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that's within a fairly ththt rarangovover the lastt eight months. to a t tecician like fitzpapaicick, that says most shareholders won't't tee profit when the s sck first baks t.t. they're not baililinhehe. because this m me e isrecisely atat ty've been waiting for. they're much less likely to sell nothth it's finally perfoformgg after eighttononth of aiting, titien neners what else does borore june 2 22, it had defefin e top imtime it got to the nge, so before jee it was range bound, meaning as buyers stopped paying off and seseerers starting unloading gr shares. but enen on june 2d, it finanay y bre out.
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now, remember,olumeis like a polygraph for r techninianans. high vomeme means the move probably tlilied truth. traders love esesebrkokos. ihihink they shouldldomom with miranda rnrngs. erere'more, je 25th, mcmcrmrmic reported theecond ququarr,r, en though itit beat earnings by a penny, was nevertheless a crumby a and didippppoiing threree-ntntreport card. at happened in eestock? well, , uu can see. there was a quick sell-offff, a then the stock befly t tded bew, and then boom. right back ababov itit csed above t the200 day. it's been n mongng hher ever ncnce. it's evivincnce at the seller are do, washed out.t. it wasas skeked up by th end o
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the dday and buyers still w wt more. no according to itzpatrick, ththe 200-0-yymoving average, ich once markedesesisnce isis nonow mccormick's suppoport the level where thetotockstops anand goes no lor,r, as bers bebeco m me interereeded. his conclusionn based on the technicals, we have aa brbranne upup trend, o or too transnsla intoto r b b. ♪ that's h i f fee >> it mayy s sweerer than sweet, bubut't's talk fundamements.s. asasidfrom the aforementioned quarteter,hehe was a lottoto diikik sales came in wellbelow expectation. all major reilers are thinking about cutting back. on a variety ofifferent oducts they llll, including
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ices, we also know walmart hasas been cooking up arivate label test in the southeast. they could tee that n natnana whwhiccocoul make a a serious d, even with its privatete lelel sisine is actually makingng thinks lower-prpric p pces for wawalmt.t. tome, t the w walrtrt thingssery worrisome, ittsmsmel like fifi younun canniniba ininto m mccors prpritits. in otherer wdsdsthere are p pley of negatives, paicicarly oversese,, swhwhy e the bidders bibiddg out? th're buyuyin for haze k kno as e crcro,big picture, b brohtht econonicic reasons, no tmicro. thisis ia a incation where people are s so fearfull cause f dble-dip recession, and that's'shahathe berer of ththe stock aree tting on,n, that thingsgsilill get worse faster, but people won't cu out spices. and they're willinin to sacririi
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quality to get i ioo e sector, or toutut it another way, they thinink mccormimick could be the worst house inn a quickly proving neighborhood. i prefer a fixerupper with a a higher yield. i knowow veve bn recommendiningi sisincseptember 24th,nd it'ss down 10% sincee then. my d,d, buttitill better than the 226% mbmblef the s&p 500. but you k kno atat? think is timee to swap out of mccormick. do ipress my luckck? america, what dyoyo thk?k? go forit! america saysys g for it! that's a definite loser, man, f
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you le mccmimick younono what you shoulduy nsnste? man, afaft. that's got a a 4.4% yield a a bebett spied-ami dd orrerehot general millll b but only on pullback, because thatat one's been on firere. ii would takake heeyey over mccormick. in fact iss play o impulse buys, i thinknk hshey is a much more l likyy too outperform st. you know walmart is neverer gngg to threateten hersrsyy witith pe label chocolate.e. here's the bottomline. i understand thehe desireo own mccormick, d idodo like thee sector, but theuestion with th particular stock is, howw wewellt will do vsusu a basksk of fofood and i t tnknk the anr i it ll do worse, not bebeerer. hateoing against luther vandross and fitzpatrick, but a
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chaiair just a air and a chart is jujust chcht.t. if you like mccocormrrmrmicon t technicaling, bubu hererve o or kraft on apullback. want to speak toto ranandy in arizona right now. >> caller: y,y, ccmemer, a hot phoenixx boo-yah.h. hehe c crarr weapappriate what you dooror u >> thank yo >> caller: i h he e a question ouou krerer. itit looks like e eyey'rdown 50 from aeaear ago. with the fiasco i i grain price the mess acreage a couple weeks back, i'm ndnding, do yoyou inink that's a good play? is thahaththeame agencyy that dodoesobs number? > ion't know about the tter. i knowroger hada g gdd ararr. i was gogointoto recommend the ock, because i really feel ke it has t best fundamentatalsofof any supermar.
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it did nototreactellto that last quarter, which w wores me.. i dodon' likeke to tatakey y e m one e quteter,ut i don't'thihin canmomove up. mememes sugar a and spice is not always rhter than right, whichch is why i'm aelelr ofof mcmccoicic now a buyer stay with amam. ♪ look k athihis n
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♪ s so esesd with inspiratioion ♪ i don't knonow chch ♪ but i know i loveve y ♪ and that mamay a all need ♪ ♪o o ow (announcer) ststers love ge aircrcra e enges almost as muchch awewe love making them. innovation today foror erica's tomorrow. on hotwire.com? because whwhenouour ar hotels have u uolold oms, theyeysese hwire to fill them, so you get themm atrices lower an any other travel sisi.. g. travelelocy y ice $195. the samemerereatoom, just less than n otr r avel sites. twtwircom. fofourtatar tels. two star p pceces. h-t-t-i-r-e, hotwire.com
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> > e market may be u uyy and do,, b we don't ca,, because it is time, it is t tim for the ghghtng round. what's that abobout that rapid-fire calllls? you say t name of the sck, i tell yououhether to b o or sell. i dodoot know the s scks ahead of me. my staff prerepass on thefly. you hear t tss sound andhehen te litntng round is over. are you rey, sk-d-dad? it's timim for aspecial wn in the markett ligignininground. mike inmassachusetts. >> caller: hhey big boston boo-yah. >> oh, ma one gameup, boo-yah? that tight,that tight.t.
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go ahead.d. > cler:ololan sachs has a tataet price of$100 on research in moonon, which isis down 20% f its $87 high? is it a b? > i hate to disagree w wit friendnds a at goldmama flax, b sesear in motion i not donone going ddow it used to bebe a memberff my absolute favoririteyes,s, it usd to be one of f e e qu plalaye,, the hoemen, bubut the frr rsemen is now three. research inotion goes lower. o much competition. judy in iowa. judy, judy, judydy. >>aller: high boo-yah. how much f fun dide have when we wento o iowa? that was corn-fed, that show. what's up? what happened toto jy?y? jujudywhwhdo you hurt me? wowo hm y you know what? mamahave too go toto -- i was enjoying talalngng to judybout the whee wawa thinin
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let's go toenen inioio. > clele > cleler: a a ohio boo-yah t you. >> sorry about t tho indians. what's pg? >> caller: clcl >> justt a a nasty stock. we had a techninici that liked , we just completely --- no, n.n. you know what? inhe end, thehe chart was good then the c chaot ba but the mpmpan while cheap, i igogoin nowhere. and it's's not a suit m me by t clcl's's natural. how about donald i our h hee stateef new yoyo.. >> caller: hello, m, and boo-yah from thee gold c coaf ngngisland. >> i was outatat long island, i wawas a cloghehe otr r y. what's u up? >> caller: d like to kw what's goingngn n wi conoco phillilips >> it was l leved to naturural s. i had toto sell the s sck for
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actionon alerts plus.comom why? bebecae natural gas in f fe fafalleing proppedp bythth ung, aetfthth my frnd has explained overand orr n is prpropng up that whole market. let's go to o loinin n york. >> caller: y,cco-pulco boboo-hh to you. >> t thas inteteststin >> c calr:r:'m a rockawayboy. can y you gee me your opinion on nm? >> yy, swap out of that. i've beeeen in constant contnta th the norordi americaneoeopl who have helped m me understand e manipulation ofheheoil market. thth yield is safe. at is tter. want you to mee that sw.. >> big aanans rarback boo-yah.
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>> myriendoeoejust camame back from arkakans,, said it'ss the unown greatest state ithe untry to takea a lile vacation iin. ank you. whwhat u up? c cler: expert opinion o dndn. >> t the fdaikes it.t. thisis iaa gigantic and life-saving vaccine. i have tooell yousomething, i'm going be very careful ababouthis one. i once idid i didn'tikik it ththenhe fdainind iit, then the fda a idid y. in the iereri didn't take any questions aboutut it. therere e e so people who t tnkk i cfufud it t wi a arug from favorite movie evev,, which is "the futive." i ain'tthat stupupid but i i thk this vaccine iseal and it's a lifesaver, butut strictly own i on a s spelalave basis. > > no more? e e litning round is over.
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>> mm about to say something that won't -- won't give m a
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lot of friends o on wall strtree in fact, itit wll probably get e disinvited fromm a l lot ofuper parties at the hptons, but my job is to protect y you by calg them like i i see them. here it goes. ththoil futures rket,t't's a a tototafarce. even i, seoeo whohoccepts that however awful l it mht be, a ceceainly amoununt legal manipulation i is a aayays goin be inrerent in the game, becaue the r regators are a almtt tally c ctutureyy the financial industry, even i am mpmptely stununneanand outraged by thehe phoninine of tss oil futures mmart,t, wch is atotal travesty off mockekeryff a sham. you'll neverer hr this from anybody elslse except for maybe bernie sanders,, the socialistt center f f vermont, yeye, he' an actual cicialt, which doesn't help m mcrcredility here, bubut l l e people that arguededhahat thehe commodities market can't b manipulated, beususthey're too deep -- to
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big, "deepep" t the full of i. ople who me money fm fees and commissions h hav vaefted financial interest maintainingn the statutu quoor they're academemichoho never traded commodities s a yyin their lives and d codndn trade their wayay t of paperagag or dorm room. when you okok at theacts and not pathetic and corrosiveve ararguntntand ibis the instst makes against rerelation, it's clearss day memehe crurude f futes market ia keke a ony. whdodo i thinkk so? because you dodon'neneed to p p re money up to propel it or crash it. the margin reququirenentsre so low, it takes hdldly any money at all to c cse a dramatic move in prices. the heavy hitter guysys oyy nee to put do %, they caca borrow the rerest withthhahat kind of leverageiti practically unlimited margin, maniniputition rerdrds being evevable. thatat'sowow a singlerarar could
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move up o oil with a tiny 0 millioion investmenent and make everyone woerer if goline was gogog over ree bucks the foururthf f ju. dodo you knoww one $10ililli tree determined t t fututureof oil dustries, itoved up 10 bubuck one littleguy. u u ca d dimate the airlines. led people to believe t recovery would bee dereraid d b high prpres. with this ty litittl tre,e, how can they let p peoe getway withth hihis. if that guy's r rog trade doesn't convincnc you this is a shamamnonothg withll the mmodity tradadin apologists wi t tl you yo eyeyearare lying b they're the ones making money fromm ee current rerememe. consider the ssoue.e. ifee want these markets f real, we ed m mgin increases and c comnnense c creioionnd not a accdidition through the back door. why should t the mgin requirements for oilututes be m muc l lererhan sstos.
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stococksreret even poportt. oioil national security, yourr job securury,y, how does thatate a lik of snsnkick of f sns s th trererwill stop anything to event the marargi rulules they donon nt it to ange eyey wl claim the market is too dpp toe manipulatedanand thw out statistics to back that up as wellobobing dollars. ththe ole idea o deneness is utrrnonsnsen,, ty're just tryingng t protect a gigantic fe machine and heeededge fund play ound both of which are at your expense. if this market is lelegimamate f it's deep, how comeotot one major oil compmpanevev aits to selling oilil in the tuture rkrk. onlyusers and spepecutoto are playinin t the futures didn't'tl becauseitit's too darn standard function a.'m on the nference call, know at yoll never hear yoyo say this tvtv because ththers too much money at stake.
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guy carere about thehe oil futu rket orararke for any commoditity being nipulated? en't these just tders betting agaiains eachother? isn'n't alal relevant? ah. it is but not when itit comes t oil. asas csusume we end up paying g the price. you've been burneded b ts mamanilation in the past,yoyou willllee burnedinin the future. itit sms as thoughhehe new chairman of the commodities future trading commission ss taed about puttingpeculative limits onn comommotitiesf finitt supply,atatur gas not a wholly manipulated market but f, called the un wherethere's a physical a actll prprodt,t, he wants to p rules . that's encouraging but he i is david d to t the dudust'sgoliat. i don't'tee howdadad canwiwin this rndnd ii wld love r rll regugulaonon that wouldld tn theoil fututur market, giveveththe importance oillntnto real markrket rather than aplace speculators try t t outbidid ooutmanipulate each
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otr.r. i'llll settle foror makininguru know the truth. unrtunately, i am confident the exchange trer ivivsity compmplewiwilleat back any atmpts to regulate t thi industry, thth'r're st too big and moree powerfull thahan e e depos gogornrnme and never yet been feated. eyey m be nonow, although'm surere t tt's not goingngo be te sese. you people t the ivoryry tower the's always a first time. stay with cramer! businessssesororefficiently,
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tsao. >>nasty day. it's notot de e yet. i always like t say therere' a bull market ssomhehe.. belilievmeme, i'm looking. i'i'm jim cramer. see ya tomorrow! up n ntt on dlow, are ststksks a the economy taking a rn for the worse? fifisc stitimusshould helpp siness. 2020 a barrel for oil. economicic freedodo go, sarah papali
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