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tv   Mad Money  CNBC  March 15, 2012 4:00am-5:00am EDT

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i'm jim cramer, and welcome to my world. other people want to make friends, time consuming, low payout. >> investors don't seem to know what to do, i don't know what to do. >> good, i do. you came to the right guy. >> he's going out of business and he's nuts! they're nuts! they know nothing! you know where i stand. i've been adamant things would get this bad if nothing was done. today's 777-point drop was just the beginning. now is not the time to put your money at risk. stick with cramer, we will get through this. i've been on a crusade to get the uptick restored and make the world safe for capitalism again. the great depression part two is no longer on the table. we're against the destruction. we're in favor of wealth creation.
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do you recognize that noise? it's the sound of american industry roaring back to life. the united states has a new frontier. so i'm going to have to say, look, things are truly getting better in this country. i guess it might as well be me. stay with cramer! hey, i'm cramer, welcome to "mad money," welcome to cramerica. other people want to make friends, i'm just trying to help you make some money. my job is not just to entertain you, but to educate you. so call me at 1-800-743-cnbc. praise the bull and pass the ammunition. i'm talking about the ammo we need to break out of this rage and send this market to levels we haven't seen in ages. >> the house of pleasure. >> instead of just meandering like we did today, with the dow inching up 60 points, s&p sliding 0.12%, nasdaq crawling 0
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0.03% higher. how do we get to where the market's current special elevations turn out to be nothing more than desert stopovers on the way to higher price tags. something that on our seventh anniversary day here on "mad money" i think is entirely possible. oh, yeah. you heard me right. ♪ hallelujah tonight we're celebrating seven years of the zany personal, entertaining, and hopefully helpful and profitable television show in the only way we know how. the only way to do it in cramerica. the only way we've ever done it. which is to tell it to you straight. about how we think you can best save and make money. in the greatest wealth creator in history. the stock market of the united states of america! so what can take us to levels that are even higher than where we are now? simply we need the only ammunition that consistently
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moves stocks and have them stay higher. we need people to come in off the sidelines, come in with their cash. and we need people to sell their bond funds, oh, boy, do we ever? >> sell, sell, sell! >> before the gains turn into losses. >> in other words, we need investors to stop being content with earning .4% interest on cds and start warming up to stocks that yield 4% or more. you know i have a boatload of them, everything from at&t, verizon, eli lily, pfizer. it's getting people off the sidelines is our ammunition and what lures them in. what makes you comfortable enough to buy here? especially with these new highs. i think we need to put things in perspective right here, right now. we need to consider where we are now versus where we were the last time we hit these levels on the major averages. yep, we need to go into the way back machine. and i don't mean that dog of a
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coal stock. pea body energy, so we can see what was happening underneath the average. which turned out, of course, to be precipices versus what's happening now. i think when you see these comparisons, you'll recognize we could be at base camp two of four rather than hanging on to the peak of k2 by the piece by a thread, alas a thread that didn't hold. first, the last time the s&p 500 was at these prices 4 1/2 years ago, the averages were being driven by commodity players. notably, the fertilizers, the oils, and the mining stocks. the levers back then, two evil twins, that's what i call totally unsustainable. absolutely nothing proprietary about a fertilizer company. it's just rock and cows can make the rest by the truck load for heaven sakes. in fact, all the commodity players leading back in 2007 had to do with betting on the boom,
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not here, but i'm talking about betting on the boom in china! how about this time around? now we're being led by a whole bunch of groups, health care, retail, techs, even financials. and yes, quizzically, the home builders. this time around our leaders in something that makes crops grow better, it's the greatest in the history of the united states, it's apple. people look at apple and think how can the technology company be worth so much more than the drug companies or the phone companies? with diversified manufactures and the oils that have been the biggest market capital division stocks in the past i've got two answers. first, i'm old enough 0 to remember when coca-cola and merck became the biggest companies on earth and people would gasp. sugar water? some company with an anticholesterol drug when we weren't sure why cholesterol was a problem. how can gm and ford not be the biggest? we see now the market has tremendous wisdom.
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i think it does again, because apple's not just a tech company, it's an education company and creates wonders in the world on a regular basis. apple is an innovation driven growth company unlike so many of the other one-time leaders. you want to go way back in the way back machine, at one point, it was said the combined enterprise had surpassed u.s. steel, back then that was a big deal. these days u.s. steel is a $4 billion company versus apple's $545 billion. how about the last time the dow was hanging out at these levels. at the time we had two leaders of relatively dubious note. chevron's total collapse in oil, almost $100. and alcoa, holy cow, alcoa $40 then. that was just when china decided to flood the world with aluminum
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the most commodity or commented product out there. and just when the cost of making the stuff spiked collapsed in profit margins collapsed in stock. in other words, the last time we were at these levels, the dow was being led spurred not by the u.s., but chinese growth. now the dow has a whole new crop of leaders. jpmorgan, arguably the premiere banking institution on earth. >> buy, buy, buy! >> ibm, a spectacularly well run international consulting company tremendous in intellectual capital, caterpillar, which may be levered to china may have an ace in the hole with the u.s. market given that the last time the average was twice as much business in this country as it's doing now. it's the subtext that really makes the optimistic for the future of the averages. the subtext being the leadership in housing and housing-related stocks, domestic banks, and retailers. why are these sectors so important? because they're all signs of truly strengthening and not on steroids by a strengthening economy. the last time we were at these levels, housing was up. the banks were about to fall apart, the consumers in the
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stock market, the job market, the housing market, about as deeply as we saw in the great depression. now the consumers leading us out of the morass. starting to buy homes at the fed's low interest rates. starting to buy a huge number of cars. even with gasoline very high. you know what comes next? the commercial construction industry with all those big jobs catches fire. think about it, we have to build a new mall, new shopping center in five years in this country. there's virtually no cranes in the sky in every major city. i think that's about to change dramatically. here's the bottom line, on our seventh anniversary, we want to be skeptical about what can happen with the averages. the last time we were here, it taught us to be that way. we don't want to do nothing but just take council or fears of 2007 and 2008, we want to take
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counsel of the possibilities too. the opportunities that have defined this show's credo since we started seven years ago. and right now, true, if you put a gun to my head to ask me if we could take out the highs, i would ask you to put down the gun and then say, sure, yep. we catch a couple of breaks and summiting everest wouldn't shock me. i hope we don't have to wait another seven years for that to happen. nancy? >> caller: hi, jim. >> what's up? >> caller: i would like to talk about molycorp today, the earth producer in the u.s. and what effect do you think the administration's complaint to the world trade organization over the chinese rare earth quotas will have on their future? >> not much whatsoever. the chinese do whatever they want. they have a lot of our bonds. they don't seem to listen to us. and molycorp i don't think is a good stock. i think it's a company that's challenged when it comes to profits and don't look for the president to bailout any private enterprise, because that didn't happen. drew in michigan. drew? >> caller: hey, jim.
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longtime follow er. i've been watching you and following you since your days in "gq" magazine. i have a good question for you. i want to know about regis financial in light of the recent fed's decision, how do you feel since the runup? do you see the forecast going forward? >> i think it's okay. it's not that well managed. went up by first horizon, we had them on for a series of interviews, it's a lot better than region's financial at six. one bank is run better than the other. angelo in illinois. >> caller: hey, how you doing, jim, big boo-yah from chi-town. >> thank you very much. i saw rick santelli today. he's a true native and he's the best. what's going on? >> caller: hey, forget about it. f.r.a.n. i bragged about it to my friends on facebook about $20 range, and now it's through the roof in earnings. what i'm wondering is how do you know the bottom's not going to fall out with all of the store openings. they're talking about opening 75 stores every six months.
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>> well, let's revert to the mantra of the show. you've got yourself a big game. bulls make money, bears make money, hogs get slaughtered. i say -- >> sell, sell, sell. >> seven years ago we were starting "mad money," throughout the journey, we learned it takes counsel of both our fear and opportunities and possibilities. thanks for sticking with us. here's a look back at what we've done. who is jim cramer? >> jim cramer. >> jim cramer. >> the very unstable jim cramer. >> without question, jim cramer is a virtuoso of the money market. >> this fiery money manager literally rolls up his sleeves to host cnbc's "mad money." >> cramer. >> one of the greatest most spectacular performers on television. >> is evidently insane. >> you have to be nuts to understand the market, and i am nuts about the market. >> friend of the show, "mad money" host jim cramer's along. >> i think that's going to report -- thursday! open all the time!
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>> two thumbs up. >> it's arrested development. >> there's a triple sell! >> don't buy! >> don't buy. >> and spend all day listening to my dad yell at "mad money" with jim cramer. >> bottom line! everything's going to be fine. >> stark industries. that's a weapons company that doesn't make weapons! >> are you okay? >> oh, yeah, it's nothing, i was a guest on "mad money" last night. >> what's happening? is one of you jim cramer? okay, stop it. >> hello, fellow facebookers, i'm here to do one thing, get you more friends. >> there's one guy who gives it to you straight. >> it's money -- >> what's up with the stock market? >> i don't know, what's up with your face? >> got to get my jim cramer face on. >> go to the phone lines, boo-yah on one. what you got? don't waste my time, i'm in a hurry.
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>> jim cramer had this to say about the economy. he's a prophet. >> he's nuts! they're nuts! they know nothing! they know nothing! they know nothing! >> in retrospect, don't you think you were too calm? >> he was right. we were at the beginning of this great panic. >> what is your advice today? >> whatever money you may need for the next five years, please take it out of the stock market right now. >> that was a call that should've wrecked my career, and it would have -- i stuck my neck out and did it. >> we were on the air when proctor & gamble dropped -- what did you think was happening? >> that was not a real price. >> that stock is there, go and buy it. can't be there. 49.25 bid. for $50,000 procter. too bad. the system broke down. greatest story never told. you'll never know what happened there. >> we turn to an expert at reading trends, jim cramer. >> i have brought in a financial heavy hitter. >> please welcome jim cramer.
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>> i'm not stupid. i don't have the money. >> don't say that. it's very hard. >> "mad money's" jim cramer. >> jim cramer. >> jim cramer! and then you get money. >> mr. cramer, are you the tv personality who regularly shouts and badgers on "mad money"? >> i think badger's debatable, but, yes, i have, dare i say, a very flamboyant personality. >> the sound effects -- the buttons like -- >> you have beautiful eyes. >> the president wasn't as eager this morning as jim cramer. >> i've never seen the president that eager. >> we're joined by jim cramer and former chairman of the federal reserve alan greenspan.
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seven years ago, i looked around at this business and realized something profound, nobody was speaking directly to you. and nobody else but you. yeah, you. part-time individual investor, home gamer didn't have anywhere to turn to for advice about the stocks except for your broker or financial adviser. but at the end of the day, their motives can be mixed. and why i think most professionals do a darn good job they do have to serve multiple masters. i decided to create a show where you, the viewer, the client would always come first. fortunately and luckily i'm independent enough in real life to make it so you can be my sole master. here we are on "mad money's" seventh anniversary, a show where i'm part of the team run by our fabulous executive producer regina gilgan. and you need to see who makes me
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look good every single night. this is a rare look inside what i call the sanctity of the control room. okay. from the very beginning, we've had a simple mantra around here. if you want to stay in the game and not end up getting blown out. if you want to make the biggest amount of money possible, that can have real staying power, you need to do the one thing that every single investing expert says you should never do. the one thing that anybody with an ounce of intelligence would tell you is downright dangerous, you need to have speculation in your playbook. you see i know something that all the gray beards and so-called experts have forgotten. i know playing around with risky stocks is what makes this game fun. speculating in small-cap companies will keep you interested the way nothing else will. meaning these high-risk, high
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reward stocks will make you care enough to do all the boring homework and research i always want you to and perfectly secure so long as it's part of a diversified portfolio. you get the usual good dividend stocks. subval you a stock. however, i also know that for many of you my defensive speculation can be hard to swallow. the best investments are high-quality blue-chip stocks, the opposite of dangerous companies that trade in the single digits. that's the conventional wisdom. but here's the thing, conventional wisdom is wrong. not just in my opinion. despite what all the professionals and academics and theorists say, it's wrong that it's a fool's errand. and i intend to prove it to you. if you look at the seven best-performing stocks since our last anniversary show a year ago, six of the seven were small cap stocks and five of them were trading in the single digits 12 months ago. what were they? let's tick them down.
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magnificent seven of the last 12 months. the best performer was the speculative biotech firm pcyc, that soared from $5.15 to $25.43 today. that's a 393% gain. in other words, if you invested $10,000 back then, you'd now have $39,300. second best performer was mdvn, another biotech that started as a small-cap stock. but rose from $16.79 to $70.55. 320% gain. they ought to call it levitation. yet another biotech ran from $3 to $11.36, up 277%. one more biopharma name that's rallied from $6.19 to up 224% on the strength of an anti-obesity drug. first is arctic cat, 204% in the last year, a small retailer located in texas, louisiana, and oklahoma, another single-digit
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name up to an 11% profit in 12 months. and last but certainly not least is the final of the magnificent seven stocks. health street, a cloud-based software service company that provides training and certification software. started at $7.25, run up 192%. what can we glean? what can we learn from this list? not all speculative stocks produce gains, but if you want to rake in massive profits, then you've got to have one spot in your portfolio for speculation. compare these moves to what you made in apple, perhaps the single best company in history. it's up 67% the last 12 months. it doesn't come close to the magnificent seven. for example, they were all in development stage drug
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companies with no profits. i blessed a lot of them during the lightning round. not a single product on the market, but they did have pipelines with promising new drugs in development. and with this kind of stock, all it takes is one piece of really good data to send it through the roof. the other thing to keep in mind is all four of these stocks were undiscovered a year ago. hardly anyone knew or cared about them. but if you took time to go on a stock scavenger hunt for promising biotech specs, then you might very well have caught a tripped on any of these. sometimes you don't need data or an fda approval. a drug for hep-c and two similar biotechs caught a pair of huge takeover bids in one case proved to be pretty bone headed so far. who cares if you made money? we weren't the ones that shelled out $11 billion for pharmacet. we just told you to buy it. which is lower than $137 a share that gilead paid for. arctic cat tells us consumer spending is back for discretionary items like snowmobiles. it's a terrific example of tiny
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retailers going national. talk about that all the time. bouncing business sells housewares. they also offer the customers credit, which sets them apart from other bricks and mortar retailers. and health stream success, means growth is back in style this is a rapidly growing stock. at this point, i think it's too much. too hot to handle. bottom line, for the last seven years, i've been telling you speculation's a necessary part of a balanced investment diet. even as virtually all the experts say that. it's too dangerous, too risky. but we know from the magnificent seven that the best way to make the most money is through intelligence speculation. that's how people caught huge gains. those were the magnificent ones to which i say, we deal in speculation, and we are not competitors. we are allies, and we are
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friends. after the break, i'll try to make you some more money. coming up -- seven wonders of the market. to celebrate our anniversary, cramer's taking a look at the seven best-performing stocks since we hit the air waves. can they continue to have you screaming boo-yah? or will they give you the seven-year itch? @@@@p
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♪ this is going to be the most important, most useful class you'll ever take at any university anywhere! welcome to virginia, penn state, michigan, ohio state, iowa, columbia! welcome to "mad money" 101! the one class that could make you some serious cash. welcome to the heart of american manufacturing. coming to you from the ford f-150 plant in dearborn, michigan. who says we don't make anything anymore? how do we restore faith in the market for the little guy? >> take off the table lehman,
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there is no chance that the major countries of europe let their institutions be at risk. there is not a chance. >> the united states has a new frontier, the oil fields of north dakota. "mad money" has boots on the ground in the bad lands to show you how technology have opened up one of our biggest oil disko discoveries. >> 11,000 people we're going to hire in north america this year. this is all about america. ♪ life in the fast lane >> welcome back to our joyous seventh anniversary show here at "mad money." i think it's time we celebrate. not celebrate me, although i am pretty awesome. i want to celebrate the seven stocks that have made people the most money since this show began seven years ago. seven stocks for seven viewers, which is about what we had when the show started. before the break, we went over the seven top performers of the last year. in order to prove to you this gold from the academics that are wrong when they say speculation is for idiots.
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if you want to rack up gigantic wins over a relatively short period of time, then speculation is the only way to do it. that's why six of the seven best performers started out as high-risk, high-reward small cap stocks and chasing these moves is what keeps people interested in investing. remember, i want you to be self-directed. it's the spoonful of sugar that helps the medicine go down. gains in the speculative stocks pale in comparison to the long-term profits and the best seven performers in the last seven years had you invested in them. what are they? and what do they tell us about how to make big money over the long haul? weakest to strongest, they are monster beverage, mnst, up 1,637% since "mad money" began seven years ago. if you bought 100 shares for $341 back then, your investment would be worth $5,924, nearly $6,000? wowsa, and it's the worst of the bunch.
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second, there's regn, a speculative biotech name that i actually recommended in the first week after "mad money" began. it's rallied 1,759% since the show started. mdbn, biotech was also one of the magnificent top-performers of the last year, up 1,860% in the last seven years. hey, prostate cancer, if you've got something that can solve that, wow. green mountain, maker of the keurig, its long-term track record is still so strong, the stock's up 2,731% over the past seven years. sxe health solution, a pharmacy benefit manager who helps maintain costs for drug company. rallied, 2,000% in the last seven years.
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sixth, price line, up 2850% over the same period. and seven, the best-performing stock since "mad money" began. is questcor pharmaceuticals. qcor. an unusual biopharma company up an astonishing 7,066% in the last seven years. in other words, get this, if you bought 100 shares of this one seven years ago for $50, yeah, traded at 50 cents a share, then you'd have $3,583. that's like winning the lottery. via the magic of capital appreciation. scratchoff games, huh. what makes it so special? unlike most stocks which depend on clinical trial, questcor makes a gel that's been approved for 19 different indications. check on the website. it's amazing. there could be more on the way. in other words, this is a drug stock all about commercial execution getting more people to buy the product. helps treat multiple sclerosis.
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i'm not saying past performance guarantees future success. the seven best performers of the last seven years may not make it to year eight. but would it surprise you to learn when we did this same thing with six stocks last year questcor, priceline, and sxt were all on that list too? and up 142%? you don't generate these kind of spectacular multi-year gains unless you're riding a multi-year trend where you've got something game-changing up your sleeve. here's the bottom line, remember when you catch a big winner that's riding a terrific long-term growth trend like a priceline or monster beverage or there's a game-changing product like questcor or sxe health, the stock can give you multiple years of gains. so don't give up on growth. growth is the magical elixir. these are proof positive it's the gift that keeps on giving. stay with cramer. wñwñwñwñwñwñwñwñwñososososvycyíy
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before i get started, it's not all fun and money. a serious lookback for a serious show. seven years of rigor and
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gravitas. welcome to "mad money." welcome to cramerica. other people want to make friends, i'm just trying to keep the ones i have. and -- i always like to wear a cup before i come out here. go ahead. it couldn't have been as good -- whoa! sorry. it hit the camera. 2009, starts a lot like 2008. oh, don't worry about it. tg -- man that hurt. the ball, the flowers, don't chew that one, it has corn. pow! not a buyer! stay with cramer! get out!
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price of oil in the u.s. has actually been in free fall, mosquito's been bothering me the whole show. why do farmers always do this? you'd feel like a dufus. we're not going to take it anymore. not going to take it anymore. i'm torn, literally. accessories. and since i am a fashion expert, you've got to take me at my word. ♪ i work out >> what do you think? good? check it out, right, deckers. i don't even feel it! i also have a disco stick. don't ask me how i got one of those. you're fired. i mean it's like a high school production, isn't it? now it's time for the "lightning
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round" on cramer's "mad money." play until this sound and then the "lightning round" is over. are you ready, skee-daddy? for the seventh anniversary "lightning round," tom in minnesota. thomas. >> caller: happy anniversary, jim. i've got you on my mind. >> okay. what's in the box? go ahead. >> caller: hey, my question is more and more people are going off to eat and the market's coming back. what do you think about ecolab? >> i think it's a strong quarter. it's a terrific situation. let's go to debbie in ohio. debbie? >> caller: hi, jim, boo-yah from columbus, ohio. >> we went to ohio state and had a great time. what's going on? >> caller: what's your thoughts on ticker pm -- >> my charitable trusts actions alerts plus.com wanted to buy this stock. if it would just go down for two days. it's a buy, buy, buy but doesn't seem to drop. frank in florida. franky? >> caller: what's up, jim. >> you tell me, chief. >> caller: big boo-yah from coconut creek, florida. the denderon stock -- >> don't buy.
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don't buy. it could be toxic for them. let's go to jonny in california, jonny? >> caller: happy seven years of b-b-boo-yah, jim cramer. >> thank you very much. >> caller: what do you think about paccar? >> it's great. >> buy, buy, buy! >> gets to 120, i want to pull the trigger. nick in florida, nick is this >> caller: hey, cramer, spring break boo-yah to ya. >> boo-yah back. >> caller: i'd love to know what you think about the capital agency corporation. >> i'm not pushing it because i like annaly. it's okay. i felt it's difficult to analyze. that has been the problem. david in california, david? >> boo-yah, professor. >> what's going on? >> caller: i got in on ameresco at the ipo thanks to your advice, it's up about 30%, should i sell, hold, or buy more.
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>> it's still an inexpensive stock. i don't want people to be greedy. people are greedy lose money. maybe take a little off the table, it is a good situation. let's go to diane in tennessee. diane? >> caller: hey, jim. congratulations on seven years. >> thank you very much. thank you. >> caller: my stock is excelon. exc. >> nobody really likes it, it's a terrific legitimate situation. i know it's got -- let's say we should buy the stock. i do like the situation. let's go to bob in florida. bob? >> caller: how you doing, jim? >> all right. how are you, bob? >> caller: you know, i'm a first-time caller from del ray beach, florida. >> okay. >> caller: what's your take on whole foods market? it seems to get very little -- >> buy, buy, buy! >> got to buy some now and hope it goes slowly so you can buy the rest. i don't know what else to say. it is one of our favorite stocks, it has been since we started the show seven years ago. however, i'm not done. anthony in virginia.
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anthony? >> caller: congratulations on seven years and i gotta give you the march madness boo-yah. >> thank you very much. a kentucky boo-yah. what's up? harvard does not go deep. >> caller: jim, i'm calling about cvs care mart. it's been facing resistance. >> someone downgraded it the other day. i think that's nuts. i think they're the big winner. the do not sell this stock. i want to buy this stock. michael in oregon, michael? >> caller: yes, jim, greetings. >> greetings. >> caller: bank of america, i've got to ask you. >> no, i just did terribly on it. i think it's important on a day when you've got to continue the humility we've tried to had. i blew bank of america. i thought it was a good stock, i got that completely and utterly wrong and you know what? i can't look back. i think there's so many other better banks. u.s. bancorp, jpmorgan, and bank of america, what can i say? i didn't get it right.
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and that, ladies and gentlemen, is the conclusion of the "lightning round." >> the "lightning round" is sponsored by td ameritrade. coming up -- goldman sachs, cramer sounds off on the goldman bombshell and wall street's newest black eye. [singing] hoveround takes me where i wanna go... where will it send me... one call to hoveround and you'll be singing too! pick up the phone and call hoveround, the premier power chair. hoveround makes it easier than any other power chair. hoveround is more maneuverable to get you through the tightest doors and hallways. more reliable. hoveround employees build your chair, deliver your chair, and will service your chair for as long as you own your chair. most importantly, 9 out of 10 people got their hoveround for little or no cost. call now for your free dvd and information kit. you don't really have to give up living, because you don't have your legs. hoveround replaced the legs. and now every hoveround comes with this handy tote
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let's go to kentucky. >> caller: hillbilly boo-yah. >> holy cow. >> caller: a las vegas boo-yah. >> staten island, new york, hey now, forget about it boo-yah. >> caller: michigan. >> caller: california. >> caller: georgia. >> caller: alaska. >> boo-yahs come from across america, let cramer help you channel yours. "mad money" with jim cramer weeknights. that darn op-ed piece this morning, it's like a dagger through the heart of anyone who worked at goldman sachs over the years. the article in the "new york times" today by a guy who quit the firm. a firm where i got my start because of what he claims are
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ethical issues putting their own interests ahead of the interests of their clients. i was going to dedicate this to the seven deadly sins, all that fun stuff. trying to identify a stock for each one that's worth buying, but then i read this piece and realized how appropriate the seven deadly sins are to what's going on at goldman sachs, according to at least to the man who quit in spectacular fashion. no one at the firm was ever thoughtful, they work hard at goldman. people envy goldman partners because of the money they make. but the rest, it represents a firm that's guilty of about every other sin. i department see any of these signs at gold mman firm i worke for. but it was an institution worth being proud of. back then the client always came first. we said the way to do business is to be long-term greedy. it was never zero sum. but today i read about it from the seem to be the opposite. i read about it from the bet against the clients, and made profits for himself at the expense of those clients. is it a given?
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i'm sure lots of times the clients got a fair shake, not always. it's exactly what we heard in the hearings on capitol hill, because of the excellent reporting by david faber, the writers today said there were multiple times when clients were called muppets, meant to be taken advantage of. because what the heck, goldman is the best, most prideful and lucrative. now, i know plenty of people at goldman sachs who stand for the opposite of what was written today. i do. i know plenty of people who didn't bet against clients and did right by them otherwise there's no way they'd have any business at all and i wanted to write a rebuttal on behalf of the firm. given how good it was to me and how much i owe it. i still do, but the piece read right to me, except for the bit where the author talked about table tennis at the jewish olympics. seriously, it's in there in the second to last paragraph that made me feel the whole thing might be a parody of a teenager's college application. i do know this, though, goldman will throw wrath toward me for
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saying anything but the author didn't know anything and didn't even win that rhodes scholarship. he was just a finalist. i'm confident i'll join the enemy for giving the article any credence at all. but this could be a good thing. it should give the people who steered goldman a chance to look inward and decide maybe we need to do better for our clients even if it means being less profitable. because alas being long-term greedy is not a sin. provided the client first, second and third don't deny identify. that's what the goldman sachs i know would do. it still can. it is never too late to renounce sin and go down the right path. a path that seems to be a dead end these days. called wall street. stay with "mad money."
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boo-yah. >> no, boo-yah. >> boo-yah. >> no, boo-yah. >> boo-yah. >> you got it. >> boo-yah! >> boo-yah! >> boo-yah! >> boo-yah! >> boo-yah!
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>> i knew i had to say boo-yah. >> we couldn't celebrate our seventh anniversary without celebrating you, our viewers. pay homage to the best, most loyal viewers out there. we reached out to all of you home gamers to send me questions on twitter @jimcramer #madtweets. here's one, i love this show. send in my #madtweets, but don't get help. come on, cramer, big boo-yah, microsoft, yahoo, and siri, which one? well, siri, not my girlfriend. yeah, microsoft, very good stock, yahoo, bad stock, and sirius, here's one from jay hawk who does tweet me 24 hours a day. happy anniversary and congrats,
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cramer, cnbc plus team. your show educates and entertains and is special to me. this is a good chance to show you the team because our team is like no other. this is our team. that's kyle. hi, kyle. >> hi, jim. >> this is -- well, you get it. everybody, okay. i wanted to do that because these are the people that make me look good or could make me real bad if i didn't mention them tonight. anyway, at left, freddy writes what the heck is up with deck, deck long time, wow, big blow today. uggs, it's gotten too warm. uggs is a cold shoe. they try to diversify the warm stuff but didn't do it fast enough. @drewrt, what would you suggest about starbucks? i'm looking to buy. do you think the price will increase? here's the deal with starbucks. it's run a lot, i think you should hope for a pullback because i think 2012 and 2013 will be terrific.
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do you think that the outlook for lowe's? that's the home improvement center, is promising to come here? i think the restructuring is working, i prefer home depot, but if lowe's came down, i would be a buyer. what's the deal with all the gold stocks tanking recently? jumping off the deep end. the gold miners are suffering even more than the gld. i think gold can go down here maybe as much as $100 to $150, then it can bottom. i prefer gld. here's joseph -- sorry about this labisi, at mad tweets is zip in a different class than other recent ipos like znga? the surpriser is going to be znga, because i play scramble with friends every night before i go to bed with my kids. stay with cramer.
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they say money never sleeps. neither does jim cramer.
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tonight on "american greed" selling millions in fake art on tv to collectors thinking they are getting the deal of a lifetime. you know i love "american greed." okay. we want to thank you, the viewer, for making our show last for seven years. we hope we get another seven. this show is about you, it's about trying to do it right for you. it's about my whole career's work to get it right for you, the viewer, and i sure hope i'm doing a good job and you'll stick with me for another seven years. i want to thank all the fabulous people at cnbc, mark hoffman who does a fantastic job running this place, our managing editor. i want to thank regina, our incredible

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