higher. >> thank fist for watching and see you tomorrow for squawk on the street. meantime don't go anywhere.mone starts right now. i'm jim cramer. welcome to my world. >> you need to get in the game. he is nuts, they are nuts, they know nothing. i always like to say there is a bull market somewhere. "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money" to kra " cramerica. my job so educate you, not just to entertain you. the bears, they want it both ways. they want to send everything down all at once, from companies that benefit to a slowdown to companies that get hammered by one. that's what we saw today. worst day of the year, dow tumbling 214 points.

nasty day. now, before we get to today's action and the internal contradictions that i am seeing, i want to point out that the instant we went down again today, the cat callers, the negativists, the people who just love to get -- to just -- love a down day, they were out in full force, saying i was slaughtering people by recommending stocks, even if the companies beneath them are doing quite well. first, look, i totally get why the market is selling off. it's not irrational. the news flow has been awful of late. it's been terrible. >> the house of pain! >> ever since the fed since that things may be getting better, they seem to have gotten much worse. we have weak employment numbers friday. we got a dismal small business survey today showing a down turn in confidence, china showed a big decline in imports last night, which means they are

ratcheting back. and the italian market had a bloodbath last night. >> the house of pain! >> and spain has gone from being a hopeful turn to what can only be regarded as a sure as shooting bailout candidate. spain has a pretty big economy. some of the banks are huge. can they cause a domino like decline if the bond market gets ugly? a lot of people think that's what's at stake. and beaased on nexttivgative ne technicals went negative. that caused a tsunami. did you see that? more on that i'm not ignoring the negatives, trying to factor them in, because, against them, we have an almost 5% decline from the highs. meaning there is some negative discounting going on, and the market looks bad and not what looks good, like the terrific earnings report out of alcoa.

alcoa of all things this evening. given that we were at four-year highs a few sessions ago, you can easily argue we're not done going down. i won't dispute that the remarkable run we've had, one of the greatest sustained rubs from the september bottom to say we are due for a decline is an understatement. i won't dispute that. could we go down tomorrow, i am not disputing that. could we go down tomorrow? i'm not disputing. my focus this week is misplaced? does it mean my willingness to be positive is simply ludicrous, given setbacks, given that some could happen ahead? let me answer in two ways. first, i want to talk bay totally different venue for a moment. a little lighter, because everyone else is darker, and also because sometimes analogies to other endeavors help clarify moments. i want to talk to you about the philadelphia phillies, not just because i'm a ridiculous

phillies fan and worked as an ice cream vendor for years and years and years, hey, ice cream here. vanilla and chocolate. imagine they won 102 games, a franchise record this year, they lost three of the first four games. three of the first four games they played, including two to the less than stellar pittsburgh pirates. the "philadelphia enquirer" ran a poll, gauged the confidence of people had in the phils, after dropping of three of the fables four games in a 162-game season. first, confident, and it's too early to judge. second, not in panic mode yet, but worried. hey, this, but not this. and finally this third, lose two games to the pitiful pirates says the phils are in for a hard time being competitive in 2012 and are basically done. >> the house of pain! >> these don't add up to 100%.

10% said they were confident. 15% said they were going to panic. and 55% had already given up on the team. after four games, after they won 102 games last year. worse, what did die? i voted i would give up on the phils twice. i threw in the towel myself. that's how people feel into this market. five days after the sell-off of a record-breaking quarter. i have to restrain to myself returning negative on the phils today, given the new set of horrible that just sprung up. i feel guilty about the two votes. anyway, that's why i struggle to find stocks to buy, not sell into the weakness. that's why i'm emphasizing high growth stocks to you all week. the kinds of companies that bought into the slowdown, the kinds of ones that might be judged by the most recent data, are doing well. that's why i'm staying away from the cyclical stocks in favor of those in slower goet

environment. and alcoa says buy cyclicals, so does perspg. so does sherwin-williams. it's why i'm recommending the small regional banks other than the big behemoths. it brings me to the contradictions i'm seeing right now the biggest worry in the market is runaway oil. everyone knows that, you watch. and what to do about companies that are net users and those who will have to flinch at $5 gasoline that we seem to be headed for. but a lot of this is linked to oil stocks that signal a dramatic decline. oil is a big cohort in this market. one thing i'm never going to waver on. when energy goes down, i get bullish, not bearish. too many things goes right when oil goes up, and second, we know there is an opportunity when stocks are headed down.

plenty go down in a slower or slowing economy, especially those we're telling to you buy. when oil costs go down ahead of earnings season. they might give you decent quarters, like alcoa, but might tell you that we see that in energy. ceos may take heart than fear in the commodities route. and i know about something because of my previous career. almost all hedge funds underperform benchmarks in the first quarter. as i told you many times, they will stoop to nothing to try to show they were bullish by buying into the markets at the quarter's end. remember the last two weeks? try to fool their own investors rather than explaining where they missed the rally. ever since april 2 knond, they been smoked, and hence the exacerbated buy, the 50-day

moving average breaking. what we have to deal with here. am i flinching? i would be if i recommending nothing but the rails, the commodities stocks, mills, and mining. i would be shaky and said buy farm and construction equipment stocks, stocks that my charitable trust dumped when the dumping was good. all right. i plead guilty like a higher yielding oils and mass limited partnerships. i'm willing to take the pain there. but retailers with oil going down, restaurants, when you will be paying less at the pump. drugs, food, consumer products stocks that benefit from raw cost declines, i don't know. you have to give me a better reason to sell those than we took out the 50-day moving average. that's not enough for me. bottom line, nobody likes a streak of losses, right? even if they are preceded by record-breaking wins, the temptation to turn on what had been winning, not everything but the companies of companies with great growth prospects going down, you have to avoid that

temptation. yes, there is no joy in mudville. but there is no panic either. speaking of the devil. let's go to shelly in my own home state of pennsylvania. scheel. >> caller: hi, jim. i'm a speech therapist just getting into the game by watching your show. >> thank you. >> caller: thank you. i am watching wand oak, they are one of six proposed n e ed pipe. >> i have liked them for a long time. i wish they hadn't done this. one of the things we learned at backen in august, a lot of companies want to put in the pipeline, and unless the backen is as big as prudhoe bay there, is going to be an excess of pipelines and tracks, they have put a lot of trains in. i kind of think there were other opportunities that they would take advantage of.

all right, the phils off to a bad start, okay? after a record-breaking season. the market has had a bad few days, throw in the towel for everything. excuse me for looking for opportunities. "mad money" will be right back. buy or buyer beware. after a monster first quarter, banks and builders have taken a breather. is it a solid foundation? or should you take the money and run? cramer goes off the charts to find out. and, later, go for growth. cramer's week-long hunt for growth continues. the street's cravings for quack and chips hasn't let up. can the healthier fast food fave continue to serve up sizzling profits for years to come? plus, making waves? a billion dollar buy is putting young energy company on the map in the gulf. could it's offshore efforts fuel your portfolio? cramer exploring the possibilities with energy 21's ceo, all coming up on "mad money."

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just one more brutal day. time for a reality check. is this the decline the beginning of a horrific rollover, one that could erase much of the market's gains? that's the single most important question out there. how do we answer it? fundamentally, forget, buy good growth stocks, buy them on the way down, and it's your chance. a lot of decline was technical. we need to go off the charts to understand it. today's vicious decline didn't just knock your socks down, it also transformed the charts in the eyes of many technicians from resilient to repugnant in one session. tonight, we'll go to dan fitzpatrick, a terrific technician that works at beat the street to show you how

stocks can turn from buys to sells for those who live and die by the charts intraday. take a look at the action of the s & p 500 over the last three days, okay? the s & p had been holding at 1370. spy, so 137 on this chart. holding there. that's a critical level that marked top back in late february, we blew through in mid march. traders were waiting, watching to see what would happen when the s & p tested. when it tested this key level. okay? would it hold, rebound, break down? when this morning came along, the s & p didn't pause at 1370. it dropped through that like a rock. it didn't even blink. and you can see it precisely on the chart. pretty hideous, right? happened at 1 11150. once that key level is broken, everything broke apart according to fitzpatrick it crushed sector after sector. this is the reason we went down big today, people.

that's not what people were expecting. after yesterday's she lachelacki asked how people were holding up. i was surprised by has response. tech, retail, financials, home builders, holding up pretty darn well going into the session. in fact, as of 24 hours ago, these charts were signaling that the pullback might be creating fabulous buy opportunities. the trouble with taking the cue from technicals, they can turn on a dime. we have i volatile market. fitzpatrick alerted me that the technicaldeteriorated courtesy of sth chart i'm showing up take a look at s & p home builder etf. one of the strongest performers in the first quarter. down more than 3% today. 24 hours ago, when fitzpatrick thank you this, he saw the look

of a viable pullback. last time, three times, home building etf pulled back to the 50-day moving average, the blue. first in november and then december, once again in march, you caught a terrific buying opportunity to rebound. so last night, the truck was looking good, like the shp set up for rebound number four. fits, one big category, it it dipped beneathed moving average, then look out below, and that's exactly what happened today. home etf dropped below the key level on high volume. okay. on high volume and now the chart is really ugly. causing people who bought yesterday to sell today. this, despite intraday upgrades of toll brothers and pulte homes by goldman sachs. and s & p, after the xrt broke out it went into consolidation mode and moving side ways in a symmetrical triangle of low

every highs and higher lows. during this triangle phase, buyers stepped in on the xrt's 50-day moving a. the blue line. and the retail etf began trading higher, higher, much higher. and fitzpatrick's chart was that the buyers would step in as the srt pulled back. it kept happening, around 60. didn't drop below that key level, we liked it. but with the velocity of the decline, the etf did break down, and now the sector has become toxic. didn't hold, going to go down. that's what they are saying. not everybody as bad as retailers and home builders. the xlf, financial select, spider etf. financials have pulled back 5.4% over the last week, fitz believes they are still in a powerful uptrend. the golden cross, okay. the golden cross we saw that happening right here. that's where the 50-day moving

average crosses above its 200-day moving average which captures the long-term trajectory. this is i leaved moment, people. technicians see this as a positive signal. because it means that the stock or etf is gaining momentum, this came in the period of momentum. and trading in a tight range from 1440 to 1550 for about a month and not long after they break out of the congestion area, the big move you saw, as of last night this chart was telling fitz we had a buyable opportunity in the financials. a pullback. but at today's pounding, now they have repealed all of its gains, and the etf is testing its critical pulling 15. and this morning at 10:00 a.m., the char was still a buy. by the time we got to 1:00 p.m., nice edge. the financials can hold above 15, fitzpatrick believes they can rebound if they drop below,

that all bets are off. and they are suddenly cautious on this key move. how about tech? take a gander of the xlk. the technology select spider etf. this has been holding up pretty much over the last two days, pulling back .7%, 1.4% today, spiked substantially larger declirns in the broader averages. this a sector that's run up 20% this year. fitz confident if this held 29, buyers would come in after today's action, he's not sure 29 can hold. the bottom line, during a hohorc sell-off, rely on the fundamentals, technicals can change too darn fast unless are you sitting at a desk trading every second. which most of you aren't. i say use the charts, pick up the best stocks in the stock picking market. to me that's a much better way than trying to fathom these very difficult intraday technical moves. hopefully you may now know how your stocks may have been

collateral damage to these critical chart breakdowns. after the break, we'll try to make you more money. coming up, go for growth. cramer's week long hunt for growth continues. the street's cravings for quack and chips hasn't let up. can this healthier fast-food fave continue to serve up sizzling profits for years to come? zap technology.

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on a day when the market got obliterated, you have to circle the wagons over the stocks that you believe in. i know you don't want to hear anything constructive. i could say be careful. i could say we could go down a lot more. i've been telling you all week, growth has come back in style in 2012, although it can be really hard in the midst of a massive sell-off. i'm talking about turbocharged secular sell-offs. even in the global economy is in lousy shape, as some people think, so many good things going for them individually as companies. these are the stocks that you need to circle the wagons around. stocks like apple and starbucks, when the sell-off does that, and they all do, high growth names will be the first stocks to rebound and they'll bounce back harder than any other group.

i'm highlighting new names every week into the sell-off to build the ultimate growth portfolio, all stocks i think you can buy into the pull back as long as you use wide scales on the way down, meaning put room in between, the long-term storage so powerful, they will still be alive and kicking with plenty of juice whenever the dust settles. who joins the growth pantheum tonight? how about chipotle. even after today's drubbing, it's still growing up in practically a straight line to the point where it seems like the stock had achieved permanent status on the high list until last week. it felt like waiting for a pullback. and thanks to the hideous sell-off, you can pick up chipotle at a discount. don't run from it, go to it.

and real money. in other words if you want to build a $5,000 position, buy two shares tomorrow when i expect it to be hammered, and only fitz hammered, and wait another 15 points and another 15 points to buy another couple shares. in other words, i'm saying one, this one is going down. two, that's your opportunity to buy a stock that hasn't given you a pullback in ages if chipotle rallies, i don't want you to chase, even if you love the stores. i had a chicken salad from there today, what am i supposed to do? suggest you buy it higher? that's not my style. why chipotle? i want you to analyze stocks on your own. i roll you had out a ten-point system, for evaluating high growth plays that you need to keep in mind. chipotle scores high marks in every metric. first and foremost, we want companies with the potential for multigrowth, meaning we can see where the growth is coming from

many years in the future this one has long-term growth in spades. last company, the company reported strongest same store sales in the business. up 11%. and they raised forecast for 2012. the real story isn't the existing locations, it's the new ones they have the capacity 20 open down the road. they have 1,230 units. over the course this year, they plan to open 155 to 165 new ones, a 13% increase. terrific growth. and the best part, chipotle can keep opening stores at this pace for nine or ten years before they run out of room to expand. as management estimates, enough demand to support 3,500 to 4,000 chipotles in this country alone. the expansion phase, in early innings, and chipotle, has the special sauce that makes the growth stock extra savvy. multiple revenue streams. they are expanding internationally and opened the second store in london, and the first paris location set to open in the spring, and chop house,

slowly being rolled out in washington, dc, get the kinks out. when chipotle has saturated the morning, they have a couple more legs of growth. international, chop house. can they support the growth we're looking for? absolutely. fast food business, gigantic. can the company stay competitive? please. the idea of healthy fast food was an oxymoron. this company has managed to find an incredible niche in the quick serve space. offering healthy natural organic food that is haste tasty and good for you. this is food with integrity. a huge differentiator, allowing them to charge higher prices and raise when needed. the customer knows they are paying for quality. chipotle understand their quality base better than any other restaurant in the world. great at giving people what they want. fourth, is a there a possibility of the dividend? the company has such a well-defined growth path, they need to plow the money back into the business for growth. this is the quintessential

growth company. management will keep investing the business, which will create more value for shareholders. too much opportunity for them to return money to you right now. fifth, can it expand internationally? yet, we already know chipotle is making a move into europe. asia is next. sixth, is the balance sheet strong enough to support the growth we look for? oh, yeah. they are increasing net cash by $235 million last year and the company has hardly any debt. we want the money to grow stores right now. seven, stock expensive when it comes to out years? out years matter to growth investing. they sell 38 times earnings. it might sound expensive. but 22% long-term growth rate, they have a peg ratio of 1.72. totally reasonable for such a high-quality business. if they can earn $16.50 in 2015, it will be trading five times at forward earnings.

and that's not that expensive. management? and with stooefz els at the hem, chipotle has the best management team in the fast food business, maybe even in the entire restaurant industry. nine, is the company hostage to global economic growth or the domestic economy? they are a unit growth story, not to mention a play on healthy eating, one of the strongest secular trends out there last but not least, can the company grow it's margins over overpowered by raw costs. last quarter, they increased by 20 basis points despite higher food costs. they have more than enough pricing power. if you are searching for stocks to buy into the weakness, like you should be, look for growth stocks, i'm adding chipotle to the ultimate growth stockpo portfol portfolio. a terrific story. you can own it if you remember to buy it slowly using wide scales on the way down. i'm adamant this stock has room to fall before it resumed its

climb. ted, in my home state in hearing in. >> caller: a new york mets booyah. >> rub it in booyah. >> caller: we spoke last month about soda stream and you said stay away from it. i read about a new product that they plan on launching, cosmetics company, they have actually got something coming out this week and a large shore interest in it and it held up pretty well in the lousy market this past week. i'm wondering if anything changed, jim from your perspective? >> no, i don't like the new initiatives, they won't move the needle. the company slowing. it is what matters with growth investing. let's go to bruce in connecticut. bruce. bruce, how are you? >> caller: hey, i'm right here.

today was worse than my first night as an intern in king's county hospital this is irrational. america will not end robotic surgery, iphones, ipads vacations and eating out. keep your faith in america and keep the money in the market. comments, sir? >> agree with everything, other than say, listen, the sell-off is not irrational. we had a big gain. big gains can we expected. you don't win every game in a 162-game season. do you lose some games. a couple lost games. i say stay the course. agree with you about the fundamentals. brett in california? >> caller: booyah, nu skin. what do you think? >> it doesn't have the kind of pedigree i'm looking for in the growth stock series. i'm sorry. look, we had a dismal decline today. i want you to do something about it. look for opportunities of things to buy. high-quality, growth stocks like

chipotle, which obviously from the charred and action will go lower, but i'm telling you not to run away from them. i'm telling you to walk slowly toward them. and pick some up. stay with cramer. coming up, the clock is ticking. call cramer 1-800-743-cnbc to find out how to fire away at cramer on the lightning round. can he withstand your thunderous onsholaught of stocks? making waves. a young energy company on the map. cramer is exploring the possibilities with energy xxi's ceo. all on "mad money." how did we do it last time?

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it is time, it is time for the lightning round. buy, buy, buy, sell, sell, sell. and my staff will make this sound and the lightning round is over. are you ready, skedaddy?

let's start with randy in california. >> caller: how you doing? any thoughts on sun core energy? this >> need oil to continue to go up. suncor not quitting what i want to own. no gidividend to speak of. agree oil is coming lower. i want to buy something that doesn't yield 1.5 like suncor, but yields 4 or 4.5%. let's go to nicholas in new york. >> caller: jim, booyah to you, buddy. >> thank you for serving booyah, back at you. >> caller: i own fine materials, amat. my question, buy, sell, or hold, and long or short? >> look, yields 3%, not going anywhere neither a long or short. i'm sorry. i'm going to say don't buy. arlene in california. >> caller: hi, jim. my question concerns monsanto,

mon. >> look this stock has just been destroyed, as is the whole ag sector. deere down another 3. monsanto not that bad. i like monsanto. do i want to make a stand? the stock is in free fall, would do some buying rather than yelling. denise in vermont. >> caller: hi, jim. booyah from the green mountains. >> green mountain coffee, no thanks. go ahead. >> caller: what the heck, man, hek. >> hek, i said, lunch, guys, the stock could go down. i believe it in long term. i do believe it in long term? no. that's not the way i work. i believe in mr. heckman and believe it will come back. do you load up the boat and do it? don't load up the boat in anything, okay? eric in california. >> caller: jim, how is it going? >> real good, how about you? >> caller: real fine. i'm wondering about broadcom.

>> my favorite semiconductor play. the research, on my charitable trust. we think broadcom is the cheapest tech stock there is. buy. wendell in indiana. >> caller: jim cramer, booyah from indiana. how about owens corning? >> i think the stock go down 30, 31 before i pull the trigger. i want to buy it right. gary in florida. >> caller: booyah from florida, jim, how are you doing tonight? >> real good, how about you, sunshine? >> caller: doing great. i want to know the epidemic hitting america, what you think about vivus. >> i wanted to say bring the register. good news is now out. tim in west virginia.

tim. >> caller: mr. cramer. >> yeah. >> caller: this is tim with a mountaineer booyah from fairmont, west virginia. >> about as beautiful as it gets there. what's up? >> caller: i got into silicon graphics at 19 a share. should i take the loss or look into buying more? >> this stock is down, way way too much. now, they did miss and they missed and they missed, had to go negative on it i won't tell to you sell it, it's too low. too low to sell. and that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by -- [ male announceu believe the mayan calendar, on december 21st polar shifts will reverse the earth's gravitational pull and hurtle us all into space. which would render retirement planning unnecessary. but say the sun rises on december 22nd, and you still need to retire. td ameritrade's investment consultants can help you build a plan that fits your life.

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oil is heading down. some say down big. stocks saying brent crude, currently 120, could break as low as 100. west texas intermediate, flirting with 100, people talking about going to 80. many of the oil and gas related stocks have retreated. i'm curious to hear from a real oil company, not oil and gas. one that drills, pumps, and

sells crude into the markets as to where oil can go and how much money can be made with oil, even if the price breaks further. tonight we have on a real oil company. one you may have never heard of, energy xxi, the third largest producer off the gulf of mexico shelf. they purchase from exon, huge drivers of growth and cash flow. it's not leavered to the cashing price of that glutted fuel. we have to find out what's going on. so many have given up on oil and selling all the stocks and convinced they all go lower, we have to find out if there is still money to be made despite the declines. i would like to welcome john schiller, founder, chair and ceo of energy xxi. which is exxi for you home gamers. welcome to "mad money." >> glad to be here, how you doing, jim? >> real good. thank you. i went through the 40th annual

howard wheeler energy conference. you have to plain how we got great technology. i found fields discovered in 948, 1956 and 1973 that are young fields. how can this be? >> you know, we went out into the gulf of mexico back then and found some of the -- obviously the largest, biggest structures, shallow and big oil fields, the stunning thing about it, jim, we made 1.7 billion barrels of oil from our six largest fields and we've got a lot more to come out. just 5% more out of the ground equals our total reserves today. almost 100 million barrels of oil and the technology and pricing available, almost a slam dunk. >> why the heck did exon give up the fields and sell them to you for so little money? >> you know, it's really about a capital opportunity. what they could do there didn't move the dial for them. they took that money and took it to places where they could move

it. and, frankly, over the last ten years, the economics have changed dramatically. we drilled a half million barrel opportunity today, we'll make $65 million in revenue for a cost of $10 million. the last time they had a rig there, ten years ago, that opportunity cost $8 million to $10 million, but was only a $10 million opportunity. the economics have changed dramatically as crude prices have gone up. >> 10,000 a day, now producing 14,000? >> that's correct. one of our main pass area fields we took over and to tell you the truth, we just finished recompleting two wells at 4,900 feet in the onyx area and we'll change out the pipe and when we're done, we'll have three wells producing close to 10,000 barrels of oil a day, some of the top producers on the shelf. >> that's incredible. mr. schiller, a lot of people

telling me, listen, jim, oil is headed down, and down big and these oil companies will make a lot less money. are you selling your money into what? you can sell at brent price can't you? >> listen, we are averaging $2 to $3 above brent. heavy louisiana sweet, and we are at $125. >> it goes down to 115, you're still making a lot of money, aren't you? >> we make $1.50 present gas discount, every dollar we spend down to $75 oil. >> i know there was a great article today in "the wall street journal." new life for the gulf dead sea. it's about your company. and i'm trying to figure out when i look at how much money are you making, what should you

be doing with that cash flow? you don't pay a dividend. but you're in a situation where you made in one of your conference calls, you said you spent $8 million and made $40 million almost instantly. that sounds like something you should be returning cash to the shareholders. >> i think you'll see over the coming months, we've got about 100 million plus in the bank right now, starting to pile up the cash, you'll see us do some dividends, i think you'll see that very shortly and look down the road if things stay where they are, give more money back to the shareholders, but we have such a great drilling opportunity, a lot of the right now, trying to redeploy, and keep generating the type of returns you're talking about. >> is davey jones, this other -- this well that you have a stake in, called davey jones, people. do i have no worry about this? there was some chatter from one your partners, it's still not ready yet. people thought we might have a

better read on that and a big piece of your business allegedly? >> look, we're making a five-inch completion. that's not normal in our business. we typically complete seven-inch pipe. we're working five-inch pipe from 15,000 to 29,000 feet. so things are slower. i'm veryern couraged. i think we have to open up these zones, we will do it in mud, through casings, with wire line, which is not what we do state of the art. what it will do to take to get this well on line. and everyone is worn out and want instant answer, but the truth of the mater, we'll get it to them and we'll get it to them in the coming quarter. >> one last question. they are telling me i have to go. you think brent will head down to 100? >> i think you can touch 100 for a very short period of time. when you look out long term of what's going on around the world, we can add a lot of oil in the u.s. and you have a tremendous demand coming out of china, india, and the developing countries and you don't have any

place that you bring out a bunch of supply. you know, opec is stymied, not a lot of growth. i think long term, are you looking at a 115, 140 range around brent. >> you will make a lot of money, if that's the case. john schiller, chair and ceo of energy xxi. thank you for being on the show. >> thank you for having us. >> guys, look, a lot of money being made in oil in america and energy xxi is making more than its fair share. john schiller, chair and ceo of energy xxi. stay with cramer. it's very important to understand

how math and science kind of makes the world work. in high school, i had a physics teacher by the name of mr. davies. he made physics more than theoretical, he made it real for me. we built a guitar, we did things with electronics and mother boards. that's where the interest in engineering came from. so now, as an engineer, i have a career that speaks to that passion. thank you, mr. davies.

the people have spoken on this best buy after the announcement of its restructuring, and actually totally unexpected depart you are of brian dunn as ceo. or at least the people that follow me on twitter have spoken. and a resounding 20-1 is that this electronic chain may not survive. i'm not talking about not being successful, but i'm talking about survival. chubs 258. what is that? why do you call yourself that? best buy is just a place to window shop for amazon. another says it's just another circuit city. remember those guys? and bill, doesn't even like to use it as an amazon showroom, i

found it to by a high-pressure sales experience. what can i say? i agree with you negativists on twitter. i have been telling people to dump best buy forages. they have to compete against a low-cost competitor. that low-cost competitor brings heavy boxes with electronics right to your house, instead of you having to load them in your car and unload them at home. plus, these are big-ticket items and if i can avoid taxes on big-ticket items, i had always do so, especially when the prices with best buy aren't even competitive, with, yes, amazon. i did a segment called best buy, called best browse because of the amazon factor. it's not all amazon's fault, though. best buy has done a lot of stupid things, not moving aggressively. sticking with cds when itunes took over, and here is a twitter i'm familiar with, and as cnbc's

herb greenberg tweets, best buy spent $1.5 billion buying back shares at 27.50 with the stock now at 22. i have to tell you, herb, and everyone else, i hate companies that decide their stock is cheap. and then trash their balance sheet with buybacks that turn out to be very expensive. that's a total nonstarter, which is why i always talk about dividends, not buybacks. are all traditional retailers dead? shawn tweets, brick-and-mortar stars will take a big hit in the next five years. i think i prefer to shop online and compare prices. i'm real down on best buy, i can't be as negative as all retailers. plenty of stores where it's a delight to shop at and americans love to shop. i like personal service when i'm making most purchases if i can get it. i don't like to buy clothes online. i like to try goods on. the individual and proprietary selections in the shows i visit makes visiting them that's well

worth the visit. but best buy is indistinguishable from its online counterpart. it offers nothing else, unless you want the warranty, and i hate even being asked for it. i don't ever want that warranty. when given the chance to pay more for the same goods and forcing me to schlep it to my car, sorry, ten times out of ten, i'm not going to best buy, i'm going to amazon. this at&t 4g network is fast. hey, heard any updates on the game? i think it's final seconds, ohh, down by two, shoots a three, game over. so two seconds ago... hey mr. and mrs. harris, where's kevin? say hi kevin. hi. mom, put me down. put...the phone...down.

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second as way on "the kudlow report" another bad day for stocks. i see it as a shallow correction, not a deep sell-off. economy still okay. and president obama's tax attack on millionaires, bearish on investors, hopefully it will never happen. and will the pain in spain sink to europe? "the kudlow report" minutes away. before today's big sell-off got nasty, it was about-fa facek picking up instagram for a cool million dollars. everybody up in arms, talking ou