♪ >> i'm jim cramer and welcome to my world. you need to get in the game. firms are going go out of business and he's nuts! 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. other people want to make friends and i'm just trying to save you some money. my job is not just to entertain, but to educate so call me 800-743-cnbc. you better sit yourself down for what i'm about to tell you. because i know it's going to come as a huge surprise. ready? okay. total shocker, stop trading! not everything is perfect in this market! may i remind you, though, it never is. so on a day where the averages were pummeled!

the dow nose diving 97 points. s&p sinking .54% and the nasdaq falling .55%! i think it's worth explaining the many and varied reasons why stocks can and do go down even in the most bullish of markets. come on, we've had such a tremendous run here that whenever we get hit with a down day, i know, i know what happens. people say, wow! hold it. roll over, something must be terribly wrong, that's the perception. the reality is quite different. there are always things going wrong. it's just on many days we've chosen to ignore them because larger themes have been prevailing. themes like a better employment market, themes like a stronger industrial economy and improving story in europe. that's it. tonight i want to do something that i typically dislike doing. i want to dwell in the negatives for a while. put you, for a moment into cramer fave movie "the hurt

locker" not just because jeremy renner is a huge "mad money" man, i kid you not, and i would show you how you should choose to refute the bear arguments or accept that there are legitimate reasons to sell off for this moment. that way it's your choice to either try to avoid the sell offs or stay the course because you believe that these pullbacks are temporary and not malignant. first up, the transports. oh, my, the transports were completely crushed today. i watched these like a hawk because i'm old-fashioned. i believe the transports have given us underlying strength or weakness in the whole economy. when they were moving up as all of 2012 they act as a confirmation of the the dow jones averages. when the transports get trashed as they were today, well, then >> all aboard! >> the house of pain! >> i fret because they might be signaling that a big underlying thesis that propped up this market, the industrial economy

could be flagging. they are ground zero. so why do they tell you to sell the stocks even if the transports look to be rolling over? because the real weakness in the sector is coming from the rails like csx, norfolk southern, union pacific and the chief cargo for these railroads is coal. the sudden, precipitous and lasting decline in the price of natural gas which i do think is bottoming albeit at a low level. is at the root of the whole transportation weakness, as is the perception that president obama will be reelected and utilities live in fear of the obama anti-coal epa. therefore it makes good political and economic sense to switch from coal to natural gas if you're a utility, and that's crushing the rails, which is, in turn, pummeling the transport index. next negative. we need to see improvement in the housing, the approximate cause of the debacle in the first place. you have to believe a tipping point is on the horizon, but right now, some of the companies that make things which go into

housing are feeling the pain of the current low bill rate. when both masco and owens corning are giving terrible misses, it does inject a level of skepticism, some would say fear, into this market that makes us question the elevated prices we've seen for the vast housing complex. i am still a believer in a second housing recovery, so i don't fret about this because alas, we're still in the first half, but others who piled in ahead of the turn, all right, i can't blame them for being scared, being shaken out. how about agriculture? growing food is a big business in this country and we want to see the farmers do well because they spend like crazy, yet today john deere reported a terrific quarter and proceeded to question whether crop prices aren't peaking. that wouldn't be bad for a cash-strapped consumer who has been paying through the nose for foodstuffs.

today the machinery stocks, and remember as a big machinery company, maybe they've gotten too hot and maybe they moved up too much. then there's devon. especially since devon is boosting its dividends with major new discoveries and they're cutting back the drilling budget because you guessed it, plummeting gas prices ruining the whole country. the domestic oil and gas boom has been an important part to the rally and the economy as a whole. that goes away if every company follows in devon's footsteps, doesn't it? no, i think devon is doing the wise thing, cutting back and expanding its oil drilling. what about the web? the two biggest pops to the tech sector are apple's spectacular performance and the web's great strength. when apple introduced today after it almost blew up my twitter feed @jimcramer. actually blaming me because they bought apple too high today. oh, wow! i plead guilty.

i liked apple. sure apple can reverse. does that mean it's finished? does apple have to split to go higher? i hear this nonsense all day. apple's fine. you can't go up every day. even baseball legend joe dimaggio failed on get on base in the 57th game. is he a bum? no. how about the terrible quarter from zynga? i can see why the people want to take a breather especially if facebook might actually be slowing itself. personally, i think the problems are zynga-related and zynga alone. you know i'm disturbed over amazon. the oversupply of kindles coming on top of yesterday's suggestion that the important amazon prime initiative might be a dud! amazon got hammered today plunging almost six points. not too late to sell. and finally there are the

financials and they would provide the electricity for the rally, and the real juice is coming from bank of america's stunning climb. now the realities are setting in. we know the stock got knocked by mutual fund redemptions and now the rebound is looking more sinister. it's looking like a dead-cat bounce. not unlike my kitty komag was run over by a truck and then bounced in the day-one process. nasty. the bottom line, i get why people want to take profits against the thesis data points. let me put it with an analogy that maybe helps. to me, these are all minor quarters or plain wrong notes. stock markets aren't like mozart or beethoven's pastoral symphony. they're more like beethoven's string headaches and one of those awful atonal 20th century classical nightmares that

require some advil if not five milligrams of xanax. my advice, pretty easy. go buy yourself some headphones. ride out this period. conscious going five. can't enjoy it every time. let's go to richard in florida. richard! >> caller: mr. cramer, a big florida boo-yah to you! >> i'm liking a sunshine boo-yah to start the show. >> caller: here we go. let's think about this. my question tonight is in reference to yahoo. it looks as if the deal to buy -- sell back the shares is gone. it's folded. >> yeah. >> caller: do you see yahoo! putting up a real for sale sign to sell everything? >> no, as a matter of fact, i think that yahoo is a classic case of a lot of people -- it's much ado about nothing, a little shakespearean analogy there. where there's smoke there isn't fire. i think it's being propped up by speculation, and i think the people ought to -- and go home. let's go to joseph in florida, please. joseph! >> caller: boo-yah.

>> boo-yah, ago sunshine member. what's going on? >> caller: i have money with teva, and now i see they have a drop in their profit and yet the stock today seems to be positive. what do i do? >> teva's got this pastiche of companies that have bought and it's taking the pressure off the copaxezone, and generic threat and i think that teva which i have disliked intensely has bottomed and is beginning to creep up. we have a little discord in the market's concerto. things are offbeat now. they're still fine. you have to take the good with the bad and put the headphones on. enjoy the concert. "mad money" will be right back. >> coming up, dazed and confused. a few companies could be making investors sick by guiding them in circles. cramer thinks the cure might just be to sell them. >> sell, sell, sell. >> are they lurking in your portfolio? stay tuned to find out.

and later, full of energy. energy powerhouse devon beat analysts' expectations this morning as they move away from nat gas and find slick profits in oil, but did they also just find a new source of the black gold? cramer's drilling for answers in its earnings exclusive with the company's ceo. plus ride the high seas? while the price you pay for gas at the pump may be rising, this company says the cost of transport oil by sea is bottoming. time to get aboard this high yielder. cramer's talking to the ceo of nordic american tanker all coming up on "mad money." miss out on some "mad money?" get your "mad money" text alert today. text mm to 26221 to get cramer right on your phone. for more info visit madmoney.cnbc.com or give us a

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miffed. that's how i feel about a whole

bunch of stories today. i feel miffed. take the hideous social gaming monstrosity known as zynga. here's the first quarter out of the chute. the first one as a public company and it could be a dramatic slowdown in online gaming. the stock's rise -- wait a second. so what? i think when you first come down the chute you should be headed to a higher earnings trajectory. not a slowing one. how about weight watchers? another name that makes me feel peeved. the ceo of weight watchers could not have been more vocal when he came out on "squawk on the street" talking about a bright outlook and how they had taken destiny by the horns. he talked about the charles barkley ad campaign. no bragging from weight watchers as the company severely lowered its sales for this quarter. it's when people make resolutions. it's going to make the earnings

per share look better than they are by shrinking the share count. so fewer shares will be left as the earnings, but i think it's a great chance to sell and it must be taken. to paraphrase those '60s sages the who, we won't get miffed again. consider the abercrombie & fitch ridiculousness. they sent the stock tumbling down to 40 bucks. now today -- today, abercrombie says things are better than expected. the stock moved back to 48 and change. what do you have to say, abercrombie, to the people you shook out of your own stock with the lowering of the bar less than two weeks ago? that's not cricket, not at all. and they're at the bottom of the amazon prime fracas. there are 10 million prime members and the numbers are less than half of that as the tremendous bloomberg story yesterday. shouldn't the amazon people feel like some need to clarify and straighten this issue out especially when the company expressed the importance of

amazon prime to the future. is there a huge glut of kindles? just asking. heaven forbid that for once gear would report a terrific quarter and not somehow manage to screw it up on the conference call or the earnings release with some sort of downbeat forecast that almost never comes true as i predicted in last friday's game plan. i'm not saying management should only look at the world through rose-colored glasses. that's a recipe for disaster. i am miffed that deere shot itself in the foot by talking down crop estimates. i don't want the estimate as crops which is down more than 5%, not the revenues. look, it could have been up. i want to judge them on the earnings, which were excellent. the company seems oblivious to its own shareholders and they would be much better off if management, alas, took some prozac. bottom line, we want all investors to get a fair shake. the shareholders deserve better although only deere might be in a position to deliver improvement. the rest -- the rest, i'd sell them. there are so many stocks to

choose from, you don't need zynga or weight watchers or abercrombie or amazon. you deserve better than companies who make you feel miffed. al in michigan. al? >> caller: hockeytown 21 in a row boo-yah, jim cramer. how are you doing? >> it is pretty amazing. i call that a home court advantage boo-yah. >> caller: i think so. >> what's up? >> caller: because of diversification and scaling and most diversification and the fun is really back so thank you. >> well, you know what? if you're having fun that means you're concentrating. so telling people to have fun. what those people don't understand is they hated the market so much that they made it interesting. how can i help? >> caller: i'm holding kraft and doing pretty good with it, but i'm confused about the split. is the ratio decided arbitrarily by the board and the bean counters or are there sec regs involved?

who picks the magic number and how do they get it? >> it will be the company and they'll do what's right with the split, and i trust them to do what's right with this strategy. i'd tell them -- i think they'll do what's right with the tactics. i say don't worry. we'll make money in this kraft. we have and it will continue to be good. let's go to randy in missouri which has the number three ranked basketball team in the country right now. >> jim, am i on? >> yeah, you are, randy. i should have said your name again. i'm just excited about your basketball team. >> caller: boo-yah to you from beautiful castle point subdivision. >> ryan howard's hometown. >> caller: love your show. you're one cool dude and tell me, what's going on with these steel stocks like u.s. steel? is there any future in them? >> no. only nucor. the steel business is a bad business, why? because our friend, buddy, pal in china who everybody loves now. we all love the chinese because they're fabulous. they dumped steel. it's an alleged thing, but i

really listen to dan d'amico, the ceo of nucor and the chinese have wrecked the industry. even though losers get lucky sometimes, but you deserve to own winning stocks. stocks that give you the runaround, stocks that make you miffed, sell them. after the break i'll try to save you even more money. coming up, full of energy. energy powerhouse devon beat analysts' expectations this morning as they move away from nat gas and find slick profits in oil, but did they also just find a new source of the black gold? cramer's drilling for answers in his earnings exclusive with the company's ceo. and later, whether the dow soars or hits the floor, jim tries to help you stay on steady ground with "am i diversified." all coming up on "mad money." hello, how can i deliver world-class service

for you today ? we gave people right off the street a script and had them read it. no, sorry, i can't help you with that. i'm not authorized to access that transaction. that's not in our policy. i will transfer you now. my supervisor is currently not available. would you like to hold ? that department is currently closed. have i helped you with everything you needed ? if your bank doesn't give you knowledgeable customer service 24/7, you need an ally. ally bank. no nonsense. just people sense.

laces? really? slip-on's the way to go. more people do that, security would be like -- there's no charge for the bag. thanks. i know a quiet little place where we can get some work done. there's a three-prong plug. i have club passes. [ male announcer ] now there's a mileage card that offers special perks on united, like a free checked bag, united club passes, and priority boarding. thanks. ♪ okay. what's your secret? ♪ [ male announcer ] the new united mileageplus explorer card. get it and you're in. right now, there are two big stories dominating the domestic energy industry in the u.s. one is the massive glut of natural gas that is making investors shun the nat gas stocks. another is a boom that along with persistently high prices is causing oil -- causing the stocks to finally get their due. so if you want to find a bargain

here what better place to find than to look for a natural gas company that's transforming itself day after day into a regular oil play. i'm talking about devon energy, dvn, the exploration company that as of yesterday had barely moved up this year, it's been up 1% since 2012 began versus eog, up 12%, but today all of that changed. see, this morning devon reported a spectacular quarter. 8 cent earnings off $1.47 basis and higher than expected revenues that rose 21% year over year. this company is successfully making the switch away from natural gas and towards high-priced oil and nat gas liquids. right now only about a third of devon's rushing comes from oil and liquids. by the end of the year it will be up 40% as it has 40%. that's how devon plans to achieve 20% production growth this year. that's stunning, people. that's stunning. so people look at this company

as it was too heavily weighted toward natural gas, but the truth is devon's become more and more oily by the day, plus they have an 18% dividend boost which we like even if it brings the yield up to 1.8%. no wonder the stock soared 7% in today's session. devon's finally starting to get the credit it deserves, but don't take it from me. let's talk to the ceo of devon energy to learn more about the quarter and his company's prospects. john, welcome back to the show. >> hi, jim. it's nice to be with you again. >> let's get right to it. i'm doing the work on your company and i'm starting to think wait a second. you guys are producing 680,000 barrels of oil a day. you are in your own company becoming one of the reasons why we could be energy sufficient in this country. >> we've had this enormous boom in natural gas with the shale revolution and now taking that same technology that we developed that the horizontal drilling and the hydraulic

fracturing and applying it to new oil areas where we hadn't explored before and sometimes to old areas where we knew that there was oil and we couldn't get it out, we are finding a great boom in oil production in this country. it's really a positive thing for america. >> you've been -- you were the pioneer. i'm not going say one of, but you were the pioneer in this kind of terrific drilling. i see you going back in the '40s, '50s and '60s gigantic. is there really that much oil left in the permian basin which is the premiere area for the country to drill it? >> there really is, we're going into a lot of areas in the permian basin and in plays like the mississippian line in oklahoma where there had been traditional production. often, we're drilling through horizons that we knew there was a lot of oil, but we couldn't get it out because the rock was just too tight or too dense. so putting this new technology in is a great way to get that

out and there's the old expression of no better place to find oil than the oil field and that's what we're doing. >> you also teased us, and it drove me crazy because i have a good relationship with devon, and i'm not going to get in trouble. you revealed you have a gigantic, potential find, but you don't say where it is. i just need to know. is it in the united states? >> we put together four really exciting new venture plays over the last while that we have been pursuing and we're going to get a lot more results this year, and we've also been continuing to add acreage in some new plays that we're not prepared to talk about here in the united states. and the reason we don't want to talk about it, of course, is we're still acquiring acreage in assembling a possession and that would be against our own interests to do that, but we're pretty excited about not only the ventures that we're already pursuing, but some of these new ideas. >> none of them are in the packets that we've read, if i

read every single thing that your company's written. i have not read about this giant field. i have not read about it. >> well, as i said, we just talked today about the fact that we think we can -- we're in the process of putting together 300,00 and 500,000 new acres. >> oh. i have to give it a try, if this is the most exciting thing. what we develop in this country and then you add keystone, the pipeline, and what you may have in this country i'm beginning to see the possibility that the nine million barrels we were doing and we were importing i think we can get 8.3 from north america if we start getting keystone and the things you're doing. >> i think you're right and over a period of time we can move much closer to oil self-sufficiency, and you know we already get quite a bit from canada.

it's our biggest source of oil, contrary to what most people think, and that's one of the reason yes this whole xl pipeline decision the president took is so irrational. here we have 750,000 barrels of oil a day which are our best friend, wanted to deliver to us and unfortunately, i think the president really shows that he's wildly out of sync with what the american public and is thinking about that, and unfortunately, you're thinking people in american theater, so i guess that religion needs to be reversed. >> and we could be doing, exporting canadian oil to china while we continue to bring in hundreds of thousands of barrels

of oil from our friends in venezuela. is that what's happening? >> well, that's certainly -- that could be the outcome of it. as you know, jim, i spent a lot of time in canada, and what has struck me through this whole keystone xl debate is all of a sudden the light switch has gone on and our friends in canada say we need to have two customers. your point is well taken. why? it makes no sense for us to not import that oil to the united states so that we can import more oil from venezuela and the middle east and other places that don't have the interest at heart. it's not a sierra club issue. it's an issue of national defense. when i look at what you guys are

drilling, how about nat gas. >> $2.50 seems like we could find a level where we find real support. >> right. we can have softness because of a lot of gas and storage and depending on what the weather is, but i have to agree with you. we found this wonderful resource here in this country where it is clean and safe and abundant in america. all of those characteristics and we need to continue to get after that because we're going to see more demand in the next few years. it's just an advantage fuel and we'll see more demand for natural gas in the united states and that's a positive thing. so there's every chance that we'll see stronger prices. it's really hard to think that prices will stay at the level that they are today for any extended period of time. >> do you think it's because of utility switching from coal to nat gas and it's because of truck companies realizing diesel is too expensive or is it because we'll be exporting it through louisiana?

you know, i think it's a combination of all those things. certainly on the utility side. as they're looking for new generation capacity and natural gas expansions and it is even more natural gas is the logical alternative. anything that can go out here for the day and come back to a central fueling facility and we're seeing a significantly greater build out of refueling capacity and a bit of a change in the fuel delivery system. so i think you'll see all of those things. whether we export a lot in the form of lng, it's shocking to me that a few years ago we were all talking about bringing in lng and today we're talking about exporting it, and it shows you what a wonderful revolution this

has been in this country. >> last question. is there some place in this country that none of us realize has a ton of oil underneath it? >> i there there are a ton of places that are just waiting for oil to be discovered. we've been doing it on the gas side and the oil side it's more than three to five years. as we continue to use this technology and move into other areas we'll continue to find a lot of oil and that's a great thing for our country. >> fantastic quarter reflected in a huge run in the stock that i think just beginning. you've gone great for your shareholders and also thousands of percent increase in the dividend. terrific job. i appreciate it. nice to be with you. >> the stock is with him.

this one has got a lot of years and a lot of performance ahead. stay with cramer. >> coming up, ride the lightning. take a non-stop thrill ride as cramer goes stock after stock. all your calls taken rapid fire on "the lightning round." and later, whether the dow soars or hits the floor, jim tries to help you stay on steady ground with "am i diversified," all coming up on "mad money." ♪ ♪ [ male announcer ] offering four distinct driving modes and lexus dynamic handling,

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it is time -- it is time for the lightning round on cramer's "mad money." >> are you ready, skee-daddy? it's time for the lightning round on cramer's "mad money." let's start with richard from pennsylvania. >> caller: boo-yah. i just want to tell you i love your show. >> thank you very much. >> caller: you've helped me save a lot of money. >> thank you. >> caller: i'm looking at niska gas storage, nka.

>> they don't have the cash flow to continue to support that yield. i'm a seller of niska. >> let's go to andrew in california. >> caller: what do you think about lumber liquidators? >> i would stick with home depot. we have to go with the class in the field. lumber liquidators is ahead of itself. let's go to joyce in kansas! >> caller: cramer, boo-yah from k.c. >> get some barbecue going. what's on your mind. >> caller: my undervalued stock is renren. >> you will not get me to recommend any chinese stocks other than baidu. let's go to darryl in florida. >> caller: a nostalgia boo-yah back to the '50s when the phillies played at shibe park. >> oh, man, baker bowl. go ahead. >> caller: jim on december 16th richard heckman was on your show and provided a very optimistic future for hek. it has fallen 25%. what the heck is happening to hek? >> between the heckling that i

get for apple, and i said it was just another stock after steve jobs died, and tat heckman interview, would i take that back? i have a long-term view that heckman's good. i wish people would understand that speculative stocks can go down. i believe in heck, but if you don't believe in it then get the heck out of it. >> let's go to deacon in michigan. deacon? >> caller: jim, a big boo-yah from the great state of michigan and once again the motor capital of the world. >> oh, yes it is. yes, it is. some of the republicans are fighting over the idea that it was good to keep the auto companies alive. what's on your mind? >> well, with oil and gas exploration in the bakken shale area going wild, i'm looking at a pipeline play. there are two companies i'm looking at. enb and paa. what is your take on this? >> i'm going to split the

difference and suggest you go with kinder morgan. if they would go back to 4% yield, we'll be all over it. let's go to mark in pennsylvania. mark? >> hi, jim. mark from pennsylvania, how about a pittsburgh penguins b-b-b-boo-yah? >> yeah, sure, why not? go ahead. >> caller: i have an interesting medical company, a revenue recovery company. hms holdings. what do you think? >> you know what? this company has been red hot as has been cerner and has been all scripts and of these i do prefer cerner. and that, ladies and gentlemen, is the conclusion of the lightning round! [ male announcer ] what if you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do.

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td ameritrade's empowering web-based trading platform. take control of your portfolio today. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. >> has the oil tanker business finally begun to bottom? it's been stuck in the house of pain for ages. many slashed and eliminated dividends and a backdrop of widespread belief that the shipping companies in general might be in danger of going under. you'd think the business of

hauling crude all over the world would fire. clearly there's demand there, but the trouble with the tanker industry is that it's not just the demand for oil. it's also about the supply of ships and for years now there have just been too darn many of them. this overcapacity has been crushing the tanker stocks for well over a year now, but now we're starting to see real signs that a turn could be at hand. one of the largest tanker plays out there has been spending hundreds of millions of dollars to buy new ships. you don't do that unless you think the business is poised for a comeback and long time cramer fave nat, n-a-t which reported a wider than expected loss monday, but that's too often a sign of a classic bottom. plus there were positives in the quarter, rates were up 50% from the previous quarter, albeit from a low base. and the overall tanker market does seem to be on the mend. it has an 8.5% yield and it will pay for the turn to happen even

as they know it's been a painful and torturous road where the dividend has not made up for the capital losses. let's chat with the founder and chairman of nordic american tankers to find out where the company is headed. welcome back to "mad money," how are you, sir? >> thank you for having me. >> from $8,000 to $12,000 for day rates. that is a big move on the percentage basis, but is it a bump along a nasty road for a while? >> i believe we're crawling along the bottom. >> okay. >> the fourth quarter was better than the third quarter and i expect that this quarter will be better than the fourth quarter, so we see that the last three quarters we are up and up and up and during these quarters we are paying dividends and the shareholders are paid to wait. >> a competitor of yours, he's a very rich man. we know he's been a very big bear.

he'd given a statement last year saying that he felt things were going to be really, really bad before they got better. he has now declared a bottom yesterday spending $600 million. i know you respect him. do you listen to him and say i'm right about these ships? >> he's my good friend, and i had dinner with him last week. >> did you? >> yes, i did. and, you know, he has a very good intuition and he's very shrewd in a positive way, and we should listen to him. >> he's been right. >> yes. >> he told me, when he said things would get bad that that was a sign that we would be bad because he's a total pro like you. >> he's been around for a while. >> he did make a big commitment. i got iran and israel squaring off over war. i've got people who need oil all over the globe, the chinese. why do not they just contact you

and say for 12 gs a day i'll just sit with the crude in case there's a jam. why are people doing that? we may see con tango, and they buy oil and they store oil and send it forward. the problem is, of course, in europe. america is doing okay. you are stronger than you believe. europe is in the ditches. they're strong in the far east. i see it every day. >> is it possible that we're producing so much more oil that we don't need as many ships to bring it in? >> that is a possibility and you never know. that is the difficult thing. the world economy is very dynamic. you know, when i started out in this business there were 3.6 billion people on earth. now there are 7 billion. they all would like to become richer and then they consume energy and then they would like to have cars and drive cars and they would like to have their kids to school and they would

like to have a tv set and this is a question of the development of the world economy. >> okay, now a lot of people are beginning to look at this market to say is there never any end to the new ships? are they still building new ships? when do the shipbuilders say you know what? we can't make money either and we shut down and that's why we get that equilibrium. deliveries are now coming down. at the beginning of last year, we thought that the statistics show that we would have 61 last year. it turned out to be 36. >> it's dropping. >> oh, absolutely. absolutely. >> there is a huge move to liquefied natural gas. would you ever get in that growth business? >> well, we stick to what we know.

i would not disregard it, but i don't think so. we are the tanker guys and we know the tanker business, and we are quite familiar with the world and macroeconomics. i say in order to maneuver in these difficult waters you need to understand the world. >> right. >> that is what we are trying to do. >> you are the expert at that, and i believe we are bumping on the bottom, but that's a lot better than when we saw each other last when we still hadn't found a bottom. >> that's true. that's true. >> also another thing, my competitors. many of them are up in the corner and if i should be cynical, i'm going to abuse that. >> be careful. family show. 6:00. >> okay. >> we'll talk about that later in the 11:00. >> okay. thank you. >> thank you, founder and ceo of nordic american market tanker talking about the bottom, which i think we have found that

level. stay with cramer. thank you, herb.

>> we hit a bit of a discordant note in an otherwise bullish 2012. we realize that sometimes investors aren't always harmonious. we have to accept that apple could go down for a while after that nasty intraday reversal and that's why you need to arm yourself with stocks that will keep humming through good and bad and that's why we play "am i diversified." you call me and i tell you if your portfolio is diversified. let's start with steve in massachusetts. you're my first caller. what do you have for me. >> caller: big boston boo-yah, steve from boston, jim. >> i'll be in boston this weekend, boo-yah. hope to see you. what's up? >> all right. am i diversified? i have heckle mining hl, bungee, ticker bg, westport innovations, wprt, american capital agency, agnc and google, goog. >> all right. let me go to work on this.

celtics got hot. here we go. westport, yes. alternative energy play, google, a technology company, bungie, yeah, the seed and let's call it an ag play. american capital which is one of these real estate investment trusts that does financing and heckle silver. we have silver, we have finance and truck engine and we have tech and ag. i think that's perfect. it's perfect diversification. ♪ hallelujah >> let's go to phil in washington. >> caller: boo-yah, jim. here's five for you, at&t, epd, enterprise product partners, solar capital, slrc, bristol-myers, bmy and b&g foods, bgs. what do you think? >> wow! here's what i say. that's one of the best yielding portfolios i have come across in ages. enterprise product partners, the

class of the master limited partnerships. that's mr. wenner and he's done a remarkable job where he gives you a high yield. pickles. at&t, charitable trust with 5% yield and bristol-myers, and solar capital, no longer are they the financial mezzanine play, finance, pipeline, food, drug, telco, perfect! ♪ hallelujah >> let's go to ronald in sweet home alabama. ronald! >> caller: jim, a big old retired army hoorah for you. >> a thank you for serving boo-yah back to you. >> caller: thank you. i have five of your books and i belong to actionalerts, and i think it's a great service. >> thank you, you are cadre, and i very much appreciate that. thank you so much for your kind words. >> caller: okay. before i give you my stocks, jim, i would like for you to consider that 20% of my portfolio is in gld.

10% is cash and all my dividends are reinvested. >> what can i tell you? i'll bet you that can get you through even the worst of times. if everyone were doing that, people would like the stock market more and we'd be doing great. thank you so much for that. what's going on. >> caller: okay, here is my roth ira, nly, win, ip, etn and epp. general jim, am i diversified? >> wow! now you're talking a four-star promotion there. remember, ira has to be careful of tax treatment on these partnerships. you have too much and run afoul of a particular tax law that is punitive.

eaton at charitable trust. that's the financial services company and it's mezzanine capital. there arbitrage different treasuries in fanny and government-sponsored paper and mass limited partnerships and energy paper, high-yielding paper company that's been on a tear. we have an industrial and a financial and a master limited partnership and we have a paper you. -- company and again, i'll tell you. -- ♪ hallelujah >> that's about as good as it comes. stick with cramer. ♪

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my dad and grandfather spent their whole careers here. [ charlie ] we're the heartbeat of this place, the people on the line. we take pride in what we do. when that refrigerator ships out the door, it's us that work out here. [ michael ] we're on the forefront of revitalizing manufacturing. we're proving that it can be done here, and it can be done well. [ ilona ] i come to ge after the plant i was working at closed after 33 years. ge's giving me the chance to start back over. [ cindy ] there's construction workers everywhere. so what does that mean? it means work. it means work for more people. [ brian ] there's a bright future here, and there's a chance to get on the ground floor of something big, something that will bring us back. not only this company, but this country. ♪ why? i thought jill was your soul mate. no, no it's her dad.

the general's your soul mate? dude what? no, no, no. he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a totally new investing dashboard. everything is on one page, your investments, quotes, research... it's like the buffet last night. whatever helps you understand man. i'm watching you. oh yeah? well i'm watching you, watching him. [ male announcer ] try the new 360 investing dashboard at e-trade. >> okay. apple, i like the company. i like the stock. i think it will earn $55 a share. can the stock go down? of course, it can. it had an intraday reversal. everybody's freaking out. remember what matters. it's the earnings and the earnings are going to be good. if you can't handle apple, you know what? sell it. don't be ridiculous and stop complaining. it's a great stock. it's a great company. all right? can i be more clear? i like the earnings. i like to say there's always a bull market somewhere and i pr