but if you're a corporation you're feeling a bit better about economic stability, so you're going to postpone the layoffs. as we work toward the end of the year i think you'll see further postponants of layoffs. >> a week and a half ago we heard from microsoft, this year we hear from cisco, not as bullish as everybody would have liked, yet the mark goes up. that tells you the market we're in. people have bought enough protection, i know we've talked about it time and time again, but 2 to 1 puts to call on a market that's going higher. why are they doing that? they're buying that protection. it prevents them from having the need to have to hit the stock. they don't have to sell, because they have the protection. that allows the market to continue to the up side. >> the mutual funds are here in size, they put a pseudofloor in the mark near term. >> germany actually had exports up 7% versus up 0.9.

this is the largest exporting economy in the world. so the data everywhere is getting better, not just here. >> but you have to look at what's going on here domestically in the u.s., and have to look at the currencies, because those markets are telling you globally what's going on. why is it the dollar today rallied? that has been a different dynamic than what you have seen in the past. good news coming out of the u.s., and the dollar rallied? reason being we are looking at the u.s. in terms of growth being the first to come out of this. so the rest of the currencies are rolling over. all the money is coming here supporting the u.s. dollar. >> does that seen like a smart trade? >> absolutely it's a smart trade. >> that the u.s. is going to be the first one in the world to lead us out of this global recession? >> absolutely. >> we're not. >> right. >> i'd go to asia right now, not the u.s. >> and the bet is being placed on the dollar. which doesn't seem to make

sense. >> i don't think -- china has a v-shaped recovery, they've had it already, but we're looking at the g-3. look at japan, the u.s., like at what the swis franc today. >> i think the dollar is more a result of a very crowded dollar short, and people rushing back to get into this. i would start to get short the dollar around 80 on the dixie. we're over 79 here and would stay long the commodities. i think that's the big trade. commodities rallied today. when the dollar was rising, that tells you this trade is not broken. >> oil sold off significantly at the end -- sorry. >> oil sold most significantly at the end of the day, it was under pressure, because the dollar was rising. pete, you're up. >> you look at the volatility index. why? when it broke through 24 today,

suddenly it looked like all bets were off. what's going to happen next? panic came back into the marketplace. the guys steve talk being all the time, there's panic coming in to buy up side, not only the puts to protect themselves, but buying upside calls, because they missed it. the volatility index finished the day near the highs of the day, with the market, 1010 up big. that tells you a lot. >> the day after cisco reported, they couldn't, that fostered this rally again. >> let's move on to the next trade. financials a group we're watching. up 12% on the week, including a 4% surge today alone, certainly nice strength there. bkx was up about by 3.5%. >> one of the things we pointed out, the key to this job number was that in fact if people were not losing jobs, it meant they were staying current on house payments, staying current on credit card payments.

this is part of the rally, part of the consumers staying -- that's why financials were higher. >> it's a balance sheet recession. financials right now, jpmorgan, their balance sheet just got better, also look at the asset managers, they're doing well. the capital markets play, morgan stanley, goldman sachs we're going to talk. citigroup actually rallied. it's about to bust above it's 200-day moving average. never would have thought that would happen. >> more importantly on citigroup, it's going to the $5 level, and institutions start looking at that. at it goes closer to $5 -- >> look where we came from. nobody wanted to touch financials a couple months. the government has said the bigger ones will not fail. >> you look at citi, bank of

america, the consumer-based money centers, that's what's been working this week. look at goldman sachs today. it was in negative territory almost the entire day. be careful. keep an eye on goldman sachs, volatility has dropped the stock down to a 19 versus an 80 just a couple months ago. i'm talking about a stock that's been flatlining. if you like goldman sachs buy some protection along the way. it could be a great play, because you better have protection, because goldman sachs looks awfully weak. >> new 2009 high. >> surging sector. the railroads, they have managed the expenses at the nominal, pricing power, but this is a nerve torrie story. we've worked off inventories and now we're going to restock as we move forward in the second half. the rails are definitely in play

right here. iyc, the transport etf, take a look at that. >> just better careful. volumes are down still, the transportation. >> what a killjoy tonight. >> the transportation index has had a -- i would be very careful. i agree with you. in that space, i like csx, they're the cheapest of the bunch. >> the northern southern has the highest exposure to the auto industry, but you look across the industry, it makes complete sense wile they're moving and starting to see stabilization. what do they move? chemicals. chemicals have been on fire. coals are back on fire. now you get into the autos. if they start producing once again, who's moving them, it's the rails, but they're pretty expensive. >> and big brown, if oil goes lower. >> he wants to defend you.

>> it's the same thing with the retail space. everyone thought -- it's moving ahead on the economy play. that's what you see in joe's space. >> if you're a dow theorist, and -- time for the obama trade. today's better than expected jobs number gives president obama the lift he needs in the polls of an obama comeback. joining us is john harwood to give us insight on that. john, of course, we care about those poll numbers, if obama is going to take credit for this recovery we have seen so far. we care about the poll numbers on the desk, simply because it could give him more currency to get other parts of his agenda accomplished, namely health care and potential taxes in order to race the money for health care. what do you see in terms of his ability to ride this rally? >> well, i do think, melissa, the white house believes the numbers are improving slightly. they've had some good news, the release of the north korean

hostages, the approval of sotomayor, and now these jobs numbers. you still have a protracted period in which unemployment is likely to rise further, the white house still expects it to hit 10%, not likely to go down in a significant way until next spring. with 9.4% unemployment, that's not the place for the white house to celebrate. i think americans will not look at it in a fundamentally new way at obama because of this. >> they're taking credit for a lot of these good numbers, but in the first 200 days they've lost 300 million jobs. i don't think they have any claim over lower interest rates or a banking system that seems to be moving assets through and credit thawing. what do you give them credit for? i don't think they should be taking much here. >> look, i think we have to be humble about cause and effect, linking the two, and what we know and don't know. i remember when he took office,

people said, yikes, obama is president, he's for tax increases, the market is going down, but guess what? he's still president, he's still for tax increases, but the market is getting better and the economy is going up. >> but steve grasso, how are you doing? i think when health care got slammed down, when the energy policy was kicked to december, not september, that's when you saw the market start to run. do you get the feel that obama understands that? >> you know what? i don't buy that analysis. i think the administration has always known that the energy plan is going to be a very, very difficult sell. it is not going to happen this year. and on health care, i think what's in the process of happening now is that we're going to see all, these numbers go get beat up in their town meeting, situation will be polarized and democrats will come back and abandon the bipartisan process, that's the likeliest outcome and you'll see a democratic plan that still can pass and i would expect it will pass.

if the market is rallies and the belief that health care is dead, i think they're mistaken. >> john heart we had, thank you very much. fomc meeting next week, let's talk about ben bernanke. if anyone brought us back from the abyss, it was the actions of ben bernanke and the federal reserve. you would like to see obama endorsing better nabernanke. whattal fa boat letter will it be? or would it be a "w". >> a little "love" from obama. >> obama controls the her of the recovery. >> wow. >> too much -- >> because there's too much dollars being printed. the long and short of this, after we run through the stimul stimulus, i think we have to pay the piper. >> and people don't like change. all these ideas have been shot

down, and as they've being mob centralist, that's why the market is starting to move to the up side. people like the way things are, and the market is moving to the up side. >> you've got to wonder, if this is a sugar high, as john harwood eloquently put it, continues and is a lasting high sustained by something other than sugar, then wall street has to be concerned. that gives him more power and standing to pass policy that is wall street doesn't necessarily like. not to be partisan at all, but in general traders don't like taxes. >> that's where the "w" comes into play, a double-dip recession. >> nobody on this desk has hired by a poorman. he's got to understand that. go reagan! >> let's move on near.

pete. >> tektronix, they had a great name this week, and earlier in the week stock got up towards 14, then -- there's the options. over 10,000 calls bought on the day against 100 open interest. this stock is pushing again the year highs right now. folks have been betting all week. >> let's move on here and do a bit of chartology action, shall we? our man carter wirth is back, in the chart room as we like to call it. he joins us from open himer. the big question is, we saw a nice rally today. what do the charts tell us of in whether this bull is here to say. >> what we focus on i think that's most important is angles of line. the current bounce, 3 1/2 weeks old is basically too steep. so the presumption is a lot of fuel has been spent here, and basically we need to do a lock of backing and filling. it's almost consensus we're

heading to 1,100, 1,200, that sets up something not good. that sets up something not good. you want it to be orderly. let's go to an actual idea with company with earns on monday. consumer discretion has killed the market, up 20% year-to-date. within consumers discretion there's an industry group, cable and satellite that's unchanged on the year. we think there's relative value here. dish in particular is a well-defined bearish to bullish reversal. you don't want to buy a stock on the way down. for those who are interested in why this happens, it's all the reasons you know. top-line growth, trading at a p.e. of 8, earnings on monday,

and last quarterly result, they blew out their number. the chart reflects that. this is how stocks bottom, and we would be long. >> carter, it's joe. are we up against in the s&p, any seasonality? >> sure we are. as you know, autumn is a treacherous period for markets in general, and summer being a light volume period, things could get moved around more than normal. we think basically we're here for quite some time. that's what we need to do in order for it to be healthy. if it continues, it's just too steep and it sets up problems for the fall. >> carter, thanks for your time. matt nesto has the latest on berkshire hathaway. >> thank you very much. it's interesting to see hoar warren buffett does. if you look at their operating

earns, which includes about a billion dollars in investment gains, it gets you to $1147 per share. the estimates are out there for $1238. that arguably could be a disappointment. the company also pointing out that they have over $24 billion in cash on hand, and they are also talking about the fact that their book value increased to 73,806 per class-a share, up about 5% from yearend and 11% from the first quarter. the net earnings appear to have gone up, but if you break it

down, underwriting down sharply. investment income, as i mentioned, a big jump there, almost 50%. non-insurance businesses down about 50% to 574 million and other we won't even talk about it, because it's so minuscule. the big picture there is that operating income, the operating earnings at 1780, which is a pretty strong figure. >> okay. matt, once again, investment income was up 50%, so that is what in their portfolio essentially. what does that tell us about some of the holdings? >> wells fargo. >> burlington northern, american express, core holdings. >> and also the derivative bet he has placed went his way with the markets going higher. that was the latest from berkshire hathaway. coming up next, get ready for the retailers' i earnings. we'll give you the trades after

this. housing back on track, employers easing job cuts. is the recovery finally here? the man that's one half the kay schiller home index puts his two cents in. this company's earnings are the real tell of the economy. will the megaretailers' forecast charge the bulls into the red-hot summer. ey" mayweather has the fastest hands boxing has ever seen. so i've come to this ring to see who's faster... on the internet. i'll be using the 3g at&t laptopconnect card. he won't. so i can browse the web faster, email business plans faster. all on the go. i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free.

the market surged to new 2009 highs. can we safely say the worst is behind us? joining us is robert schiller. great to have you with us, professor. >> can we say we've seen the worst? >> we can hope we have. you never know. it definitely shows signs of getting better, but i do think we have a lot of work to do. there's a lot of damage to the economy, and i think we

shouldn't get complacent. we may see green shoots, but i think we have to overhaul our capitalist economy. i've written a book about that. >> nice plug there, professor. should that make us feel better about the housing market? >> well, there is some relation, though not as strong as you might think. but, yeah, this -- the unemployment rate is down this morning, although we're still losing jobs. it's the same thing that's been happening with housing. the rate of decline, we're still seeing declines, but they're smaller. >> professor shiller, there's actually some legislation that's passed the house and will be

looked at by the senate in terms of a climate bill. what that will do is raise the cost for home builders about $10,000 per home. it's focused on energy and efficiency. are you worried about that bill actually derailing any potential recovery in housing? >> i don't think it would derail it, but it doesn't sound like the optimal timing. generally we've been saying we have to keep the saving rate up, it's good that people save, but not right now. so it may be that timing is not solicitous. >> what should we looking at for signs that the housing market has recovered. is it starts in new home sales? is it the mortgage reify index? what would you look at if you had one metric to follow? >> i used to forecast home prices the most important thing is home prices.

they haven't really established a trend. i sound like a fundamental analyst on the stock market, but this is the housing market, which has much more potential for fundamental analysis than the stock market, because it has such momentum patterns. so, you know, the most important thing would be to see a repeat for a few more months of price increases. after that, the second-most important thing i believe is employment. we saw good news on that today, but over the years we've found that looking at citywide home prices, the second-most thing is the employment numbers for that city. >> thank you, professor, robert shiller, one half of the kay shiller index. horton added to goldman sachs conviction buy list. the home builders have been on fire of late. so there's some belief that perhaps a bottom is in for the housing stock. >> other even resource space

like vulcan materials. 6 i think there's been a big run-up. you don't have to go straight for the builders. these guys that are related to building materials and building blocks literally are the guys you want to own. >> cement, copper, you go all the way down. you start to see that momentum pick up even more, right now copper is moving off china. it has nothing to do with us here. when you see copper move in a different manner affecting the housing here -- >> the problem is in the marketplace right now, everything is trending higher, so even though i'm still bullish, you have to be careful in a lot of these spaces. >> and the next shoe to drop is that first-time home buyers credit drops in the fall. >> and why just first-time home buyers? >> i notice. i can't use a tax credit. >> just like the cash for clunkers, these guys would be in

buying houses anyway. this maybe draws you out a little faster, but i don't think it will set us backward. or taking inventory out of the market, inventory is much lower, and that's what people are excited about. you know, they will continue to go up. >> that's why goldman sachs added d.c. horton to the conviction buy list, because they set up the best when that does occur. withally talk of improving employment picture, it's time to ask where are the new jobs coming from? green technology, with stimulus and renewable energy efforts starting to take effect. jim goldman joins you us from fremont, california, at the heart of the state's solar energy. >> i was just talk to go your producer john mall loy, remember applied materials reports next week and it's shifted a huge amount of the company's manufacturing to solar panels, those photovoltaic panels that we've been talking about.

i'm at a company called solindra, and this is it's solyndra, and these tubes, 40 in a panel, are actually cylinders, and they collect the sun from every angle, and it makes for a far more efficient device. they were about the first to get a half billion? tim his, and they're going to guild a brand-new corporate facili facility. it's a massive expansion, venture capitalists, 49 deese in july alone to the tune of a half billion. that's a record pace. we are seeing an enormous amount of investment by the state of california. $3 billion earmarked for solar investment. that should yield something like 40,000 new jobs over the next couple years, so a lot of xibt that old-guard silicon valley companies may be giving way to

this sort of new revolution. we heard about it in the early days of the obama administration and nose those promises are trickling through, and they're becoming the real deal. guys? >> so the question for the desk here, is if you hear about trying in particular buying, does that mean they're good buys? are they set to go higher? >> it certainly gives you the idea of the project of where they feel the growth is going forward. the key to what he just said there, is one to two years, three years, and i think that's exactly right, jimmy. this isn't something that happens tomorrow, but people are pushing for it over the next several years. >> reporter: no question about t even though these are startups, and a company like solyndra or nanosolar, you have to look at the companies that are already there. applied materials, cypra, look

for the companies that are partnered with the new start-ups or investing in them already and stand toee and go to the public markets eventually. >> in the solar space, i think jimmy brought up the key point, there's a lot of money driving these deals. that will get you, as an investor, you want to be on board. in some of these public companies that are very small, not making a lot of money, but there's a huge up side belief. the thaw on credit is very good here. got to move on. jim gold manl, thanks so much for your report. >> have a good weekend, guys. next, take a position on retail. all set to report next week. we're looking for walmart, we don't really have an idea of what the world's largest retailer will say. >> walmart is sort of a different topic. so walmart does have the edge in

this group. pete's liked it for a while, i have liked it for a while. i think walmart is a definitely different breed. >> i like target better here. target it getting more aggressive. they have reduced prices 4.5% year on year. walmart has not reduced as much. i still think you're working with a consumers whose number one concern is thrift. i think that's why target lines up better. >> what will it take for the stock to move higher? it's been flat money for a long time. i can't remember which retail brokerage house said this, but they said essentially there are no catalysts for walmart's stock. >> a catalyst is the economic downturn and we have gone through it. i think we're stuck. i do agree people with continue that trade down into the food quotient, but the margins are so compressed, it's about top-line growth, but they're not earning any more money.

>> everybody is chasing something looking for the big beta. i think bothd of those, you look at what's happening with best buy, that will flow over toward the walmart who went in direct competition. i like them for that reason, but there's not the explosive up side you won't get. i still think i like walmart over target. >> one month from now, you'll see in my way. >> its a slow money trade. >> something real slow. >> there's nothing wrong with watching your money stay the same for a bit. >> walmart has spent four days the entire year trading above its 200-day moving average, when everything else -- >> you can say that for a lot of the retail space. >> find me one -- >> that sounds like a challenge. >> is not. >> we'll keep you tuned in. coming up next, amid all the fuss about citi and aig, there was one corner that made a huge

rebound. we look at the stock lighting up screens across wall street today. founded in 1870, this company started shipping bananas to new jersey, with the help of a jingle, it introduced the ones exotic fruit to america. the stock surged on strong second quarter results. o who is it? the answer when "fast money" returns. half. and you get half. ( chirp ) team three, boathouse? ( chirp ) oh yeah. his and hers. - ( crowd gasps ) - ( chirp ) van gogh? ( chirp ) even steven. - ( chirp ) mansion? - ( chirp ) good to go. ( grunts ) timber! ( chirp ) boss? what do we do with the shih-tzu? - ( chirp ) joint custody. - dog: phew... announcer: get work done now. communicate in less than a second with nextel direct connect. only on the now network. announcer: get work done now. communicate in less deaf, hard, hearing and peopith speech disabilitiesit .

the fruits and vegetable distributor was among the most active names in the nyse today. welcome back to "fast money." here's what we have in the second half. you may think the rally is here to say, but one indicator has options trader saying getting ready for the fall. was the rally just bottom fishing? our chart of the day may have you looking differently. first, aig were busy rallying. shares of private equity

companies blackstone and fortress investment group, up around 30%. fortress had particularly good earnings, even the fund the drawbridge fund posted a positive return. >> you saw blackstone, that was the one that was real interesting. they posted a q2 profit, the first in the year. you look at this private equity space, what do you see? an improving market market, also some increased m & a activity activity. they're getting actively involved in the advisory role and that lines up well. assets under management, assets are coming back in, these guys have a lot of cash to deploy for deals that are well overdone, but i would say these guys bought a lot of deals and they're still saddled with

billions. kkr, silver lake, all these guys also in the news today for tremendous both field flow, kkr and silver lake, a great sale, but still a play i would be careful, even though they have turned the corner. >> there he goes, the killjoy again. >> this started if february, the stock went higher, then started again in front of the earnings, and big man over there was all over that trade. >> we talked about -- why would you bet against them? they basically had the dry powder. they've got $29 billion ready to go into the market. >> and they're looking at financials. >> and they'll be allowed to buy more than they ever have. he also said two thirds of the company they own reported earnings that actually beat. some of these guys probably do a

much better job outlining the balance sheets. >> the real key will be whether the ftc gets its way. right now the proposal is double the tier 1 capital ratios from a start-up, so that could be restrict i have. in fact the ceo of blackstony saying that would kill it for private equities. times for "pops and drops." joe? >> warren buffett rejoiced, american express up, ibm up 41%. you must own it, stay with it, great trade. >> i think that's the rhine why you -- and we still have the jobs numbers today. >> a pop here for alcoa. you want 11% on the week.

>> they acquired 150,000 acres of more shale, and they're talking about the overseas market, they might be buyers, so it looks like aubrey is trying to get in front of that hurdle. >> and a big pop here my alma mater, apparently the returns on the portfolio weren't very good. the ivy league is lending its name to a line of clothing. the brand will be designed to reflect the school's quality, heritage and excellence. >> are we going with the nerd fashion there? >> retail,. >> not a plaid guy. not a plaid guy. >> tell me where you think the dollar is going, and that's where procter & gamble is going.

the dla goes higher, they'll probably stay on the sidelines. >> and drop for the nurse of the year. a norwalk connecticut woman who was dubbed nurse of the year by the connecticut nursing association is now being charged with pretending to be a nurse. it turns out not only is betty liechtenstein not a nurse, but the connecticut nursing association does not exist. she spent $2,000 of her very own money staging the fraudulent ceremony. >> think of the fun she had, though. >> we'll live that there. up next, don't let the pretty round numbers at the top of the screen distracter. we were up big, but the index you have to keep your eye on is the vix.

welcome back. times for some options act. the first week of august catapults stocks to the highest level of the year, but what is on deck for next week if things start slowing doub? joining us is scott nations, scott, what do you see in the vix? >> it's surprising given the

price action we saw on the s&p this week we didn't see it come in any more. it's way below its recent low, and that shows healthy skepticism. put call ratios for the ones out on parole like jpmorgan and goldman sachs were healthy. but there's some indefensible giddiness in names like citigroup that had only about four puts trade for every ten calls that traded. i think what we see is people casting a wider net that missed out on the jpmorgan, morgan stanley and goldman sachs of the world. pete? >> it's no doubt people are chasing, and they feel like there's more up side to come, so it makes sense. i'm seeing a lot of protection, at least being bought, maybe even speculative puts, looking for a pullback, scott. >> yeah, the put purchases and the bigger names makes sense.

let's spend a bit of that profit to protect the profits, but i don't understand the lack of put buying by citi. if that's the case, why would you buy calls? indeed bike a $4 call, and that call never expires. >> that's a good point. scott, see you later tonight and catch more of scott as well as myself on "options action" at 11:30 p.m. eastern time. also on the web. i know you download it on your ipod, steve. we have flagged you to the dash for trash phenomenon this week as traders gobbled up shares, sending some on to triple-digit gains, but if you think we're being harsh by calling it trash, look at the chart of the day. you can see how it is some of these lower-quality names. you can see the triple c rated stokts, 26%, while you see the

triple-a ratings up 9%. >> well, that's exactly right. the stocks with the lowest are the most leveraged or indebted, they're the ones that do best when you get a turn in the cycle. the commodities names, this is one of the most levered playness copper and zinc. it's not a big surprise. >> but you've got to see that turn, don't you? >> and we have, i think, but not in some of these financials. >> okay. coming up next, stocks at the bottom of your screen were some of our traders' worst calls of the week. we'll tell you how they got it wrong.

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keep your eye on. foster wheeler, just keep moving to the up side. they're still too cheap. >> the pit being digging up a coal trade that was about to get red-hot. up 10% after ford announced a quarterly dividend. >> at the end of the day, they make a great product. if you know anyone that has an apple computer, they're never switching. >> the governor proving that when it comes to tech trade there's an app for that. shares of apple continuing their climb, up 8% after earnings. >> ge is a story where people are fundamentally on board, i do think fundamentally there's a trade there that's probably underperformed. >> the ambassador getting on boor with ge's rebound. sending shares up 15%, leaving us with two words that sum it up -- "fast money."

all right. so we showered them with praise and time to take them to the woodshed for bad calls. we begin with the governor, he said last month stay clear of an airline stock. >> i don't like airlines. even if the ceo told us it could be tough going forward. i'm not going to be buying. >> southwest airlines up 33%. >> dead wrong, even though i was a bull, i didn't see this type of a run, especially in an airline stock. i was wrong. >> next up, the pit boss thought health insurers were on the mend. >> somewhere there's going to be enough give that it's probably going to be a positive for the unhs of the world. that's why i think we're starting to see a move to the up side. people are starting to gravitate to the idea that something will be good for the sector. >> but obama's health care plan still on the table, unitedhealth is down 7% since that call. >> yeah, it's disappointing to say the least. i thought it was ready to break

out. we're still waiting. >> the liquidator sawing this fast fire coming. >> i have added to my position every day, i am telling you that i believe mutual funds are underinvested in microsoft right now. >> maybe those mutual funds were onto something, shares of microsoft were down 5% after that big earnings miss. >> you could "fast fire" me every week. the call is $30. lines up perfectly with the economic recovery. yahoo! the deal was phenomenal, petie, give me a giddyap. >> i own it myself. >> finally, the ambassador, tim going nuclear. >> usu, or ustc, essentially the only american company in this space that's enriching nuclear

uranium. it's probably your only pure american play. >> shares are down 7% after a loan guaranty rejection. >> i didn't seem too convinced, look at that. >> kind of wavering a little. >> the call was getting a department of energy loan which essentially completes the project. they didn't get it. stock went down 40%. it's a risky play, but i think they will get it. your final trade is coming up next. has the fastest serve in the history of professional tennis. so i've come to this court to challenge his speed. ...on the internet. i'll be using the 3g at&t laptopconnect card. he won't so i can book travel plans faster, check my account balances faster. all on the go. i'm bill kurtis and i'm faster than andy roddick. (announcer) "switch to the nations fastest 3g network" "and get the at&t laptopconnect card for free".

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i'm jim cramer. welcome to my world. >> you need to get in the game. they're nuts! they know nothing! >> i always like to say there's a bull market somewhere. >> "mad money," you can't afford to miss it. hey, i'm cramer, welcome to "mad money." welcome to cramerica. i want more days like today. my job is not just to interstate, but to educate, so call me. with today's fantastic rally, taking the dow of 114 points and the s&p up 13, should we be afraid that the markets reached node-bleed section heights? can we justify the moves we've seen this week? are they simply dangerous,

setting us up for a jimmy clip "the harder they fall" moment? >> should we be frightened? should we be scared by citigroup's 68 cent run this week? is it up? should we fret that kodak goes higher or cvs has come back and joined the double-digit party? what about the hold builders that are losing money? are they making us complacent? 44% of the mortgages are under water? way more than the 14 million homes bought when we thought it had been can cordened off? isn't it perilous for hartford to be up so much?