i am recommending the $3 and change citigroup. the insomniac bank that i once blasted as being a somnambulist. now i believe buying this stock is the best way to serve yourself and to serve your country, the perfect combination of patriotism and profits. before you laugh, before you assume that i wasn't diagnosed with a.d.d. as a child but with a possibly terminal case of s.t.u.p.i.d.d., let me give you not one, not two, not three, not four, but five reasons why this stock should be bought right here and bought all the way down to 3, if it ever sees that level again. here's reason number one. citigroup is dirt cheap. some banks sell off of earnings, some off of book value, some off of both. now, it is hard to figure out what a bank is worth.

it's really difficult to figure out what citigroup is going to earn. the so-called normalized earnings, i give up. i can't figure it out. i spent the last three days on this. but i pay book value at a glorious $4 a share. ♪ hallelujah >> a bank like citigroup with global franchise and profitability in hand should sell at a minimum at 1.5 times book value. >> that was easy. >> by the way, book value is actually going up because they're making money. you know what that means? it means you have a $6 stock masquerading as a $3.75 stock. hold it just a second. lots of after-hours trading here. let's just get a final closing price. because this thing is trading like water. let's call it $3.80. and there's a lot of room for it to run to my new, you heard it right here, $6 price target. reason number two, on september 10th, the government is free to

start trading its 34% ownership position in the country. you and me, we got a stake already. but let's make it more palpable. here's where you can help close the budget deficit. right now at the close of the market, the government is up about $5 billion in its position in citigroup. that's right. we're $5 billion to the good. you take this stock to my price target and you've got a $20 billion windfall for the treasury and ultimately the taxpayer. i think the government will scale out of the stock rather than do a big offering, but either way, you're going to eliminate the gigantic overhang. reason number three, got to help the sats, the best college rankings were out today. reason number three is ethnocentricity. there's your word. we only think of the united states when we think about citigroup. we're hapless americans. how about the other 108 countries where it's the dominant bank? 50% of this company's business is in emerging markets. don't you like those more than ours? when you go away, there's two

things you always need to know about. carl malldon for american express said two things. you need to know two things. you need to know where the u.s. embassy is and you need to know where the citibank this. this is a global franchise that should recover with the rest of the world, even if america lags behind. how about a fourth reason? it's getting out from under a ton of bad loans and doing it fast. it's going to be dividing the bank into citigroup holdings, no thank you, and citigroup proper. although citigroup proper could surprise us, it's one-third retail bank, one-third global services, one-third investment banking. all three are immensely profitable already. i think the split-off will do a lot to bring up the value. that's another way i'm going to get to my $6 target. reason number five, existing management. vikrim pandit? how about ned kelly? neither one are going anywhere. he's staying put. the government would be absolutely nuts --

>> they know nothing, they know nothing, they know nothing! >> to remove either one of those guys as the turnaround is real and huge. and the books are clean. the bad stuff is going away. that's right. they're real and terrific, so to speak. all right. why the heck is the stock trading at $3? $3.80, how can that be? all right. well, first, the government's solution was terrible for existing shareholders. second, we still have to worry about mortgages and credit cards going sour in a weaker economy. you know me, i think we're recovering. i think housing has hit bottom, stabilized. despite what the media and the deustche bank has to say. deustche bank? they don't even live here. and credit card businesses are getting better. ask capital one, american express. why shouldn't we have citi? the third thing that's keeping the stock down, yep, it's the wrath of sheila bair which is worse on "star trek 2." the wrath of khan.

ricardo montalban put the earwig in the ear. she doesn't like these guys. so as a shareholder, you live in fear that she'll wake up and say, pandit, you're fired. that would be awful. like trump, you know? you're fired. because despite the bright spotlight that these guys get hit with every day, believe it or not, the top people who work at this bank remain loyal to pandit, and they're not going anywhere unless you fire him. there's no turmoil at the top. they're still getting good recruits. people are not leaving like they think they are. he's the guy that can help you, me, and the federal government now that the stock is moving. and it is moving. look, i know buying citigroup is risky, but wasn't bank of america risky when i told you it was a buy at $3 and change? i know it's run all week. it's part of a gigantic rally. i know that it is especially risky ahead of tomorrow's unemployment report, but it's good. you'll be able to buy the stock

unchanged. if it's bad, meaning a lot of jobs are lost, then you get your chance to buy at a discount. i don't think this can be like bank of america. which was the coiled spring leavered to housing without the big government solution. that one galloped from three to the mid-teens quickly. that's why i own it. for my chartable trust. but i like to think of citigroup as a stock that might get to 12. it's got a ring to it. not quick, but terrific appreciation, nonetheless. here's the bottom line on this big -- i always talk about the markets at the top of the show. i broke form tonight, right? citigroup is now the ultimate call on economic growth worldwide. as someone who has hated citi all the way down, someone with street cred, although not a wall street gangster, street cred in the name, i now not only give citigroup my blessing, i say buy it right here for the good of

the country. more importantly, the good of your portfolio. why don't we speak to adam in nebraska. adam? >> caller: big o-town boo-yah from omaha, nebraska. >> boo-yah. land of warren buffett, omaha steaks. >> caller: i am no warren buffett. can you explain why a stock would go down significantly when it's a really high yielder? yesterday, linn energy was 11.5% yield and the stock still went down 4%. am i missing something? >> they knock it off for -- you know, for the -- the amount of dividend, the stock goes for x, you don't get that dividend. you've got to own the stock on the must-own date the day before. it could get knocked down on earnings alone. i mean, look, i'm glad you came to me. that's going to ask you whether corn-fed steak is better than grass-fed steak. i'm telling you it trades -- that's what you go to nebraska for. you lose that dividend. stock gets knocked down.

gas might have been down that day also. we'll find out later, of course, because we happen to have the wonderful and fabulous michael linn on the show tonight. carolyn in connecticut. >> caller: hi, jim. big old connecticut boo-yah. >> man, fancy boo-yah. >> caller: those are my kids in the background. >> love the familia boo-yah. >> caller: boo-yah. >> let's hear them. put them on. put them on. let's get them in the market. >> caller: say boo-yah. >> boo-yah! >> there you go. yes! how many other shows have got -- do you think any of those shows like csi got the kids watching? okay, go ahead. notice how i just knocked a cbs show because i'm not too stupid. ss. go ahead. >> caller: i don't think you've got a boo-yah lately. jim, this is my question. people in the news keep talking about a double bottom. i'll look at my chart, i see a double bottom. i see a bottom in october and another one in march. and i feel like we're good to go.

i don't know whether to call -- and then they talk -- some people go farther and they say there will be a 10% correction and i say we had that already in july. >> the 10% correction, i'm going back and forth. my friend doug at realmoney.com, he's saying nobody is sure. he's looking for the market to go down. i reiterate, i like your bottom thesis. and i think we may have rolling corrections per sector, but this market, i don't think is ready to plummet at all. if anything, i would put the odds that it goes up more than it goes down. you know, tomorrow's unemployment, i can look bad, i think we could get hit. i say we go right now -- we go clear across the country to paul in oregon. paul? >> caller: hello, jim cramer. a first-time, long-time since day one time boo-yah to you. >> first time, long time. we love it. we love it. what's up? >> caller: hey, jim, some education please. are we witnessing the early stages of a period of panic buying in the stock market?

if so, how long does it usually last? and what typically happens after panic buying is over? >> all right, paul. typically panic buying comes at the end of a big move, which is one of the reasons why there are so many people saying things are short. you get the kind of buying you've been seeing in an mbi, you get the kind of buying you're seeing in a cit, in an aig at the end of a move. and that's got people worried because there is a -- there's fraud. i say wait for a little selloff and start buying. i think frost is part of the conclusion. i make the conclusion that citigroup is cheap here. global franchise, unloading bad loans, fabulous call on worldwide economic growth. good for the country, good for your pocketbook. citigroup, it's a buy. coming up, cramer adds another member to his foreign legion.

tonight, jim is headed to chile to find you a refreshing stock that could pour some profits into your portfolio. plus, how can you tell if one bad apple is spoiling the whole sector? cramer picks apart the accounting stocks to give you the ones that could be ripe to buy.

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tonight, we're once again

joining the foreign legion. not the french foreign legion, the cramerican foreign legion. the best place to invest some of your money in case you're worried about the economic state of the united states. you probably should be, since we're no longer in control of our own financial destiny. we're not china. the way around this whole thing is to do what i've been suggesting all week. buy foreign stocks with good fundamentals and high yields. 20% of your portfolio should be foreign. tonight's latest member of the foreign legion takes us back to south america and the name is ako.b, for all you home gamer. a more consumer-oriented play than the other stocks i've mentioned so far in the series. a couple of brazilian utilities, a pipeline operator and an oil company.

andina is a non-alcoholic beverage play. people need to drink. the company is coke's seventh largest bottler and it also distributes fruit juices, teas, sport drinks and bottled water. the company is the largest bottler in chile, so that's why we brought out the chilean sea bass. the second largest in brazil and in argentina. it's located in the fun, densely populated area, buenos aires. argentina, rio and brazil, santiago. 67% in the chilean market. i've made sure, by the way, that i washed my contact lenses with this juice right before i came out. 51% in argentina. 57% in brazil. now, the thesis behind andina is

simple. the beverage distribution business is about as stable as it gets. normally there's not a whole lot of growth. in latin america, especially in in the city where they do most of their business, it continues to grow at a pretty torrid pace, which means more people are drinking more beverages, creating opportunities for volume growth at companies like andina. bottling is usually profitable. ask the pepsi ceo, a cramer fav and i think a yankee fan, that just made a brilliant move to buy the pepsi bottlers back from pepsi the other day. it's going to boost pepsi's numbers. and i bought some for my charitable trust. you should get some. why latin america? chile, argentina and brazil are in better shape than the u.s. a low ratio of dependents to working-age population. i know it's an embarrassment when even argentina is pantsing us, but that's just another reason to own a company like andina.

right now it pays $1.08 per share, which means it's got a red hot, habanero pepper, 6% yield. one kav yet. they aren't very liquid in the u.s. very low volume stock. in chile, the underlying stock trades about 500,000 shares a day. be careful of buying small increments and use limit orders so you don't move the stock. here's the bottom line. for a safe latin american stock with a bountiful 6% yield, look no further than the latest member of the foreign legion. look at andina, ako-b. mary in california. mary? >> caller: can you call me on my house phone when i call back? can i call in on my house phone? >> sure. you can call me on my cell. i'll give you my cell number. >> caller: okay. >> it's cramer. you got cramer. >> caller: yeah. oh, this is cramer? hi, cramer! >> hi, mary. how you doing?

it's me. you can call now or after the show. better to do it in the show. >> caller: okay, great. >> you got me. what's up? >> caller: i want to know about deustche telecom. >> all right, all right, i'll give you deustche telecom. >> caller: yeah! >> yeah, definitely. all right, deustche telecom, i happen -- you know, this thing has been like a bond. it's been such a dead stock. but it yields 8%. i think the yield is safe. i want to buy -- mary, i actually like deustche telecom. i like it more than any other company over there in the teleco business. i think dt is right. i would be a buyer. yes, mary, you were speaking to cramer. i'm sending you a message in a bottle from latin america. give me something that will sting. buy andina. let me put this stuff in my eyes. it's like visine. don't! after the break i'll try to make you more money. coming up, how can you tell

if one bad apple is spoiling the whole sector? cramer picks apart the accounting stocks to give you the ones that could be ripe to buy. on the "sell block." plus, lightning strikes. cramer goes electric taking all your calls in a spine-chilling overcharged "lightning round." later, cramer goes head to head with linn energy ceo michael linn.

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accounting irregularities always equal sell for the stock that has them. that system goes all the way back to the first gospel according to yours truly, jim cramer's real money.

same investing in an insane world. used to tape to my pc. accounting irregularities equal sell. but in tonight's "sell block" we have a case of guilt by association or even mistaken identity. where one company's ruinous accounting problems have brought down two of its xleen competitors. it's almost as if coke reported it had awful accounting issues not earnings. accountingish issues. and then everybody sold pepsi. well, general mills had accounting problems and people sold kellogg. i mean, that's pretty stupid. if that happened, you'd have a great chance to buy pepsi or buy kellogg, right? whenever the market sells first and asks questions later, terrific opportunities. the loser that started this farce, huron consulting group, which among other consulting services also does forensic accounting. last friday, it announced that it would restate the last three years of financial results, withdraw its 2009 earnings guidance, lower its outlook for

2009 revenue because of an ongoing inquiry about how it allegedly kept certain payment to employees in four acquisitions off its income statement by classifying them as something they weren't. as a result, huron's stock has justly imploded. it is down 67% from its close friday at $44 to $14 now. you know what, this may be titanic-like, the tip of the iceberg. but the s.e.c. initiating a new inquiry into the company. accounting issues in general is a great reason to sell a stock, but accounting chicanery at an accounting firm? we haven't seen anything that ridiculous since the accountants at arthur anderson there were associated with with the gentlemen at enron and they cooked the books to serve man. it's a cookbook. never let it be said that i am anything but a statesman and an ambassador of good will, kind of in the model of the dalai lama. the entire firm got taken down. the fact that huron was started

in may 2002 by a dozen partners from arthur anderson who fled the firm after it got indicted is probably just an awful coincidence, but that is the kind of guilt by association i don't -- i have something in my eye -- that i understand. department of irony. you're supposed to bring in huron's friends to analyze these very problems but it turns out huron is a bunch of dexters as you showtime aficionados know exactly what i mean. the company is damaged, maybe never -- i don't know. i don't know how they repair this thing. because consulting is a people business, the company risks losing its best consultants and clients because of its tarnished reputation. this is not like a heavy equipment manufacturer like cat. that has products. huron makes its money providing financial and legal consulting services. often helping its clients avoid making the very mistakes that it got itself into. who wants to go to a consulting firm with credibility issues? who wants to work for one? i don't know if huron can ever recover. so if you happen to own it, don't wait for the stock to come back.

it probably won't. just sell the darn thing because you're sitting on a ticking time bomb. what doesn't make sense to me is that a couple of related companies in the sector, namely fti consulting, fcn for your home gamers, and duff and phelps, duf, gamers, which both recently announced excellent quarters, nevertheless, seem to have been dragged down or held back along with huron for no good reason. scn has taken a nasty hit. 54 bucks friday, 45 bucks today. 16% plunge. mostly because of someone else's accounting problems. it should have skyrocketed higher after huron's accounting issues came to light. guilt by association has no place in investing. let me show you something. we'll break the map out. these stocks are not lakes erie and lake ontario to lake huron. they're lake superior.

they're like superior. all right. i have no audience. i do amuse my -- one of the 52 people in my head was laughing furiously. frankly, both stocks should have gone up, not down. or nowhere given that huron is almost certain to shed some clients, sending more business their way. these guys are in a great position to take shares. instead, it is like they donned cement galoshes and jumped into lake huron. especially scn, or what looks to me like inskrim nat selling. can anyone tell me where the phrase cement galoshes is from? "star trek." both fcn and duf said they'd recheck their books and confirm they accounted for the costs that huron kept off its income statement. we know they don't deserve to be slammed. i think fcn is the better buying opportunity. their stock has taken a real bruising and its business tends to do best at this point in the cycle. but duff works, too.

especially because it's better positioned to poach clients from huron. fcn which helps businesses deal with bankruptcy restructuring, credit issues, m and a, interim management, reputation management, strategic communications, reported a dynamite quarter on tuesday and raised full-year guidance. the company sees big opportunities in the hundreds of small auto suppliers that stand to be affected by larger bankruptcies as well as an opportunity from increased regulation. something you know is coming given the proclivity of the administration and, yes, indeed, the pelosi dictatorship. congress. on the conference call, management told investors that while it's positioned to do well in good and bad economic times, it does especially well in transitional times. boy, are we in a big turn transition. how about duff, duf? duff is a leading provider of independent financial advisory and investment banking services. it also reported a great quarter.

on the conference call, management wasn't subtle about the opportunities created by huron's tarnished reputation saying, and i quote, don't like to talk about what's happening in any one particular company, but what i will say is that we're very aggressive about pursuing recruiting opportunities out there. we see some great opportunities. and i think most important, our platform is viewed to be an attractive and stable platform and i think the word is generally getting out about that, end quote. clearly, duff should have taken off when the huron news broke. instead, it's done nothing. let's get one thing straight. this is not the fictional duff beer company. and we aren't in mo's tavern. this is duff and phelps. i say pour it right in your portfolio. the bottom line, don't throw out the baby with the bath water. huron's problems are huron's problems. they don't hurt fti consulting or duff and phelps. they're superior. but huron's accounting issues did manage to hurt heir stocks which is why i'm telling you that i think fcn and duf are

buys. these stocks are broken, not broken companies like huron. i think they deserve to be bought. i say you buy, not sell the superior players. mike in tennessee. mike? >> caller: jim, what's up? >> not much there, mike. how about you, volunteer? >> caller: not too much there, man. i'm in west memphis, arkansas, though. >> holy cow, man. i didn't even know about that. >> caller: i want to give a big shout out boo-yah to you from the west memphis fire department and mike's outdoors and more. >> you guys do a great job. you do a fabulous job. i hope you get a parade in town. during one of these great summer saturdays. >> caller: man, we hope so. jim, i got a question. what's going on with aig? oh, man. look here. i'm a first-time guy in the market back in march. i got in, bought me a little aig stock when everybody was kicking them around for taking bad investments. i hung on to them for a little while. the stocks split july 1st. made some pretty decent money off of it.

and now with the new ceo and the new chairman and the stock on a rise, crazily rise, the guys at the fire department say all i ever do is watch jim and the weather channel. you know, jim's got my back. jim makes me money. tell me, what do i need to do? do i need to buy me more aig stocks? >> first of all, thank you for that support. and al roker support, too. i have to tell you, i think that aig -- i think that aig is problematic. the stock is up on a very big short squeeze. about 40% or 50% of the volume every day. they were betting against it. i got to tell you, i think the the guys at the fire house should wait until this cools down. 74% of this company is owned by the u.s. government. even though the ceo is trick, he took over, i don't think this common stock is going to end up, worth anything. don't chase, my friend. don't chase. hello to the guys at the fire department. you do a terrific job. i am telling people don't throw out the baby with the bath water. do not substitute huron for

superior, duff and phelps. well, let's just say, i'll see you at mo's tavern. stay with cramer. coming up, jim goes fast and furious as he faces a non-stop barrage of calls, giving stock after stock their final verdict on the "lightning round." and later, cramer goes head to head with linn energy ceo michael linn. having the right tools is crucial

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it is time. it is time for the "lightning round." that's rapid fire calls.

you say the name and just to be clear, i don't know the callers or their stock questions at the time. my staff prepares graphics on the fly. when you hear this sound, yep, the phils smoked them 3-1 today. and then the "lightning round" is over. are you ready? it is time for the "lightning round" on cramer's "mad money." i want to start with alan in california. >> caller: what's up, cramer? my name issal lan alan calling from san diego, california. i want to give you a boo-yah. >> let me give you a san diego dad's boo-yah. >> caller: all right. well, i want your expert advice on chesapeake energy, ticker symbol chk. >> chesapeake energy. chesapeake energy. that's mcclenen, the chart is unbelievable. everybody is crazy about natural gas again. again, he's going to do well. every time i say something good about aubrey, i get hate mail. but you know what? he's going to make you money and

i love it. i love linn energy. best of all the one i own for my chartable trust that reported the blowout quarter of this quarter. north carolina, sandra. >> caller: hey, boo-yah. >> boo-yah, carolina. >> caller: my husband and i love your show. >> thank you. tell him thank you, too. >> caller: you've been talking about this mobile tech stock tsunami. we've been following star networks, but my husband read the ceo is pulling money out. should we still buy so we can ride the wave? >> he sold some stock. this is a dynamite story. people sell for a million reasons. it could be anything. i think what matters is the fundamentals are fabulous. the stock has just come in a little. i think you grab it. it's down a quick 5 off 27 basis. that's a terrific opportunity. it's the internet tsunami lives. robert in california. robert.

>> caller: a bull market boo-yah from sunny san diego, jim. >> i'm liking that kind of boo-yah. san diego padre fan. >> caller: all right. thanks for the education. love your sense of humor. the stock is huntington bank, hban. >> hban rocks. i know my critics are saying that key is better. but hban is dynamite. i want to continue to buy hban. buy, buy, buy. i really like huntington bank. how about jim in my home state of pennsylvania. jim? >> caller: big jim, how are you doing? >> not bad there, how about you, chief? >> caller: pretty good. this is big jim from pennsylvania. >> from where? >> caller: brumall, pennsylvania. >> delaware county? >> caller: you got it. >> oh, man, you are great there, partner. what's up? >> caller: alcoa. how high do you think we can go? >> i've got to tell you, i saw somebody raise numbers. alcoa is up on a spike. you know, i'm becoming a believer. if we get that auto build-up to 11 million. i can't believe i just pressed the bull button for alcoa. wow. i'm going to have to pay for that one.

i know it. how about greg in wisconsin? greg. >> caller: jim, big badger boo-yah to you. >> i love the badgers. hey, groundhogs. >> caller: i'm sorry? >> what have you got? >> caller: etp, energy transfer partners. i bought some this spring on your recommendation at about 34. went up to 47. it's at about 43 right now. just wondering if i should -- >> greg, i'm torn because bulls make money, bears make money. and hogs get slaughtered. you're up real big. i love that juicy 8% yield. i think energy transfer partners is terrific. in other words, i want you to hold on. the people in wisconsin, once again, they've got horse sense. they should stick with etp and you should stick with cramer! the "lightning round" is sponsored by td ameritrade.

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natural gas, back. stocks are no longer silent but deadly investments. they're now explosive plays -- >> that was easy. >> -- that are soaring higher and higher. and oil is still holding in there. even though today was pretty blah. now, for a great play on oil and natural gas with a monster dividend, you know i have favored linn energy, line for all of you home gamer. this is probably the stock that most of the people i speak to about the show, this is the one that's most been bought. i feel good about that. the last time i talked about the stock was back on may 20th. it's now up 28%, big run. and now that linn reported its second quarter today, i want to know if this is still the one to own. i've always liked linn because it's an energy trust. master limited partnership.

one of the stocks that -- that distributes almost all of its profit back to the shareholders in the form of a judy dividend or distribution, as they're called. the point is, it's a money machine. but unlike many other energy mlps which pump out oil and gas from maturing fields until they run out and expire, linn does a ton of exploration, which allows it to boost production. and that, along with its willingness to hedge, makes linn's dividend a lot less vulnerable to the slinging and arrows of the changing energy prices. right now, linn's distribution works out to be $2.52 annually. that's right. guy another 11.7% yield. how about quarter? production came in at the high end of linn's guidance. came in above linn's guidance at $143 million, which covers the dividend 1.21 times over, better than the 1.11 times management had expected. this is important because it means their pay-outs are safer than expected.

because linn hedges its production, it's been getting and should continue to get much higher prices for its oil and natural gas than what you see quoted every day. for the quarter, linn's realized price for its hedged natural gas was $8.94. $8.94 per thousand cubic feet. much higher than the $2.88 it got for its unhedged gas. it got $113 per barrel for its hedged oil versus 53 for its unhedged oil. the company rebalances hedging, raising prices for 2010 and 2011, ensuring solid dividends. their production is 100% hedged for 2009, 2010 and 2011, meaning it's locked in at really high prices. $102 a barrel for oil in 2009. $99 a barrel in 2010. $82.50 a barrel in 2011. natural gas, here's the hedging there. $8.32 for 2009. 2010, $8.66. 2011, $9.25. that limits its upside if prices spike.

although it would have to be a huge spike for natural gas to top these prices. it also means you can count on the dividend not getting trashed. today linn announced two acquisitions in the permian basin. 118 million, getting 12 million barrels made up of 86% oil. properties are already producing 1,350 barrels a day. the reserves have a life of 24 years. this is just the kind of inquisitive behavior that makes me like linn energy. i like the model. i love the dividends. but the stock is having a huge run. so we've got to be a little cautious, do a little more homework, which is why i am thrilled to have michael linn on the show again. mr. linn, welcome back to "mad money." >> hi, jim. a great big boo-yah from the energy capital of the world, houston, texas. >> you bet. let me give you a money boo-yah, which is what you've done for our viewers. thank you. >> thank you. >> this is the question i get over and over again. so i've got to put it to you right at the beginning.

you will retire as ceo soon. my viewers are worried that the inspiration, the company is going into retirement. what do we say to that? >> well, what happens at the end of the year, jim, is, yes, doi retire as ceo but i become executive chairman. and as the executive chairman, my concentrations will be on the strategic direction of the company, continuing looking at hedge portfolios, what we like -- acquisitions, what we want to do in terms of exploration, as well as continue our involvement in community outreach and be a spokesman for the natural gas industry. >> let's talk about the latter. the thing i have been worried about is what happens, you've got these brilliant hedges, what happens when they come off, say, 2012? do you think by that time we will have a president who recognizes that natural gas is a gift and instead of having electric batteries, which will be a big problem to recycle if they ever wok, instead of trying to be able to do cash for clunkers, we have cars that cut 50% of the emission, in argentina has 7 million on the road, do you think we can ever

have that in the white house? >> i would hope we would have that earlier than the election psych until 2012. we're working very hard to educate the administration as well as the house and senate through the american natural gas allian alliance, which is made up of 27 companies representing 40% of the natural gas produced in the u.s. but in our opinion, we hedged strongly through 20 11 because we believe that the turn will happen -- at least in 2011 and '12 winter. oil will recover a little faster than that because it's a world market, a world economy versus just a north american market. >> one thing we recommended, permanentian basin, but most of them are static. talk about the acquisition you made. while you're still in the hunt and not loving off the prove reserves. >> when we repositioned our company in terms of raising a bond deal back in may and a stock deal in may, it gay us liquidity of $5 million to go

out and make akcy wigs. the permi. ian basin acquisition was a place with a lot of life preserve and infield drilling which gives us more exposure to oil than natural gas. we believe the oil he can pose you're or higher returns are higher than the natural gas hunt. we're still on the hunt. we anticipate doing many acquisitions hopefully within the next few years. >> what doi tell people who say it's great, i got dividend 2009, 2010 and 2011 but i want to own this for my i. incht r. ancht and come 2011 i'm fearful. adoi say in. >> it's cyclical, and prices will increase in terms of oil and natural gas, hopefully in 2012. if that occurs we'll put new hedges on in 2012-2013, as well

as puts to allow it to have some upside. >> why do you think there were so few oil and gas men and women who did what you do? when those prices were so high, you were out there selling the futures. most people felt we were going to go 15, 16, 17. >> well, what we thought, we tried to do a secure long-term disciplined approach. so when we saw the market move we took advantage and locked in returns. we have had 14 consecutive quarters of a distribution since we went public. in fact, our investors, the total investor return is over 50% since ipos. >> incredible. well, michael, we've got to go. will you still be able to come on after your quarter next time or should we have the new ceo on? what's our plan here? >> well, the plan is my new ceo says that he likes me on cramer a lot, so i'm going to be back with you on your show, jim. >> there you go.

thank you so much, michael, chairman, ceo of linn energy, l.i. l.i.n.e. we have a money maker. he came on when i challenged him saying, is the dividend safe? a lot of great business people in this country out there to make you money. forget about the guys you read about in the paper. for every one of them we have ten michael linns. it's for you. ♪

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will a dismal jobs report tomorrow end the 50% comeback in stocks? we have your next move. welcome to "fast money." live from nasdaq market site.. i'm melissa lee. these are your "fast money" traders. we've got a big show for you tonight. charley gasparino on a big shake-up at morgan stanley. we have statistics on this market that will make your jaw drop. and later on a ceo that is turning harry potter into eye-popping profits. first, let's get to the "word on the street." what do you make of that rally today? not the rally but the pull back, at least in the nasdaq. >> well, it's less than an inspiring day. a lot of people trying to get out ahead of tomorrow. you know what? i got to tell you something. that 1,005 level was the same top we basically made in november of '08. a lot of people starting to say double tops in the s&p, maybe i'm the only one but i'm hearing it myself. i wasn't that inspired one way or another. tomorrow is clearly the day. i will say this.

a lot of people say bull markets end on great data. you might see that tomorrow. >> well, you know, it's funny because that's what people are not expecting tomorrow. i think the market is skewed towards the down for this nonfarm payroll. we actually had mixed data this morning. i think it started in europe when the bank of england -- this is significant, people. they eased their kwan tattive easing. effectively they're telling you it's not working. their banks are not lending. their economy is not reflating. they're not worried about inflation. so i think you have to be careful of that. i think that the numbers today were mixed. the ism was weaker than expected. this is the most important number for our economy. >> people are always looking for opportunities, though. the opportunities they saw in the market today was this dip. they get that dip, they want to get back in. if you look at the industrials, they tipped over about 1:00. 3:00, suddenly everybody wanted to get back into the market. the market was off 60, 70 points. then we start back to the upside. keep an eye on that volatility index. it's a great indication of what's going on. it's up from 23 to 2