hey, i'm cramer. welcome to "mad money." 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, i want to make you money. i try to educate and teach, so call me. after one more solid day, the dow gaining 93 points, s&p rising 0.18% and we have to ask ourselves, has anything truly changed? think about it, the game plan for next week is pretty much as

last friday. the week ahead will be determined largely by what occurs this weekend. spain is teetering on the brink of a depression, not a recession. with depressions you get shocking declines in both employment and production, so all the action will be here. and its banks, let's say they're pretty close to being insolvent, so someone has to come to the rescue, where spain becomes the destroyer of the euro and the european union. we keep hearing there will be a rescue plan in germany. we need a joint statement that includes germany and says the eu and spain agree on the equivalent of federal deposit insurance that guarantees in euros to put an end to any security risk for those banks. if we get that, we rally regarding of what else is on this board. we get that, because you saw what happened on just the whiff of it.

of course, the converse could be true, too, so understand just how binary the markets have become. today we've got a big call out of the citigroup, and networking companies, i think they're trying to anticipate this. i by ciena will bolster the view that spending is coming back. but finisar not tow the line. i'll bet ciena will be positive. texas instruments gives a mid quarter update. we need to hear them reiterate their bullishness. apple fans will probably be paying close attention to texas instruments. listen, without ever mentioning apple by name as suppliers, can't identify them as a client without risking the business. texas instruments will let you know, i believe subtly how the

cupertino colassus is doing. don't judge apple from all telco spending, because nokia is also a client, and it's been a downer on all these mid quarter outlooks. we've heard from juniper networks directly on tuesday. we've had ton of bottom callers among the analysts who follow the stock as of late. and it has become dirt cheap versus historical numbers, but i don't know that you can use those anymore. cisco is gunning for juniper and winning. i think it will guide down. in front of these pro-juniper research calls. i think they will say, look, it's still cloudy out there, and i'm not talking about the cloud. we also get a snapshot of the american consumer on tuesday, when michael kors reports. it looked like it would be among the hottest ipos, but now it's turned cold as ice, which is right, hot or cold? we'll find out when kors

reports, now, keep in mind that there will be recent investigations about ralph lauren and pbh, and those quarters turned out to be beautiful, so the worries were unfounded. however, both stocks turned out to be sales anyway. i feel kors could be similar. you want to immunize yourself, take a listen to the biogen analyst meeting. it's one of our favorites. consistent track record of higher sales, hence why this economically insensitive name is only a few points off the 52-week high. some downers here. wednesday, dell speaks. despite michael dell's herculean efforts, let's just call the results lackluster at best, and the bears continue to growl around the stock.

the problem isn't execution, which is frankly terrific. it's that the core customers seem to be tapped out. dell has a lot of government clients, and they've been cutting back. so pricing is not as robust as we thought. on the other hand, the balance sheet is excellent and will cushion any honest discussion. however downbeat it might be, and they are honest. be careful, no sugar coating. wednesday also brings us jamie dimon's testimony on capitol hill. we're all going to have to listen to how the london whale beached up earnings. perhaps it could cost as much as $5 billion in unforgivable trading losses. needless to say this would be the first one to grab on a european settlement that involves imf money, because it would mitigate a lot of those losses. jpmorgan would lead us out of this morass. kroger is a decent player in the business. it's also a good play on commodity deflation.

still, you know i'm a huge supporter if you're going to play this industry, you have to play it with the natural and organic way that is whole foods, taking share and taking names by relentlessly pursuing its good for you mandate. pier one has long been a favorite of "mad money," we've liked it ever since alex smith executed one of the best incredible turnarounds in history. we need to see how they'll embrace the internet. keep in mind this is the kind of company which will benefit from lower gasoline prices, more on that later, that we can expect to see thanks to the decline in oil. by the way, biggest decline in 13 years, should lead to dramatically lower prices at the pump, if the refineries can only handle all the business. speaking of oil, apache has an analyst meeting on thursday. this company about the best wildcat in the world, other than

maybe anadarko, has been one of the worst performers of a sorry group. i don't think apache will reverse the trend. it's already growing at the fastest rate. nobody seems to care. i feel bad. no matter what they do, nobody wants to show they own an oil company, even one as fantastic as apache. finally thursday vf is another company emblematic of this moment. a raw material that's -- the company's stock having to defend what has amounted to a brilliant foray into europe. i think vf corp will be very upbeat, but just like ralph lauren and pvh, it might not matter. if kors reports a good number and its stock goes higher, think about buying some deep in the money calls on vf corp. don't know how to use this conservative stock replacement strategy? check out getting back to even. you know i emphasize earnings around here, not spain or italy. earnings season doesn't start

for another four weeks. keep in mind we're at the height of conference season and industrials at deutsche bank, lots of break-ins expected, and this could give us the clues to build estimates for the quarter that ends in three weeks, which brings us back to friday and the hopes of a fruitful discussion, again, you guessed it, spain, which i can only hope doesn't happen. we've got to have some resolution this weekend. if we don't, then everything's going to be cloudy until we get once again to the weekend to hope things get better. here's the bottom line. if europe's leaders come up with a solution to the spanish prisoner on sunday, then nothing else matters and we're going to rally maybe the whole week. with no solution we're in for a nail-biter of a week, one that may give back this week's glorious gains. chuck in texas, please. >> caller: thanks for having me on your show. >> my pleasure.

>> caller: i would like to know if you're still positive about waste management. it seems like a stock in your wheelhouse, essential services, yield above 4%. you would think able to benefit from lower energy prices. however, the stock seems stuck like in the low 30s, and its earnings have been stagnant, what do you think? >> i think you have to hold on to it. i think mr. steiner is doing a good job. a lot depends on construction activity, believe it or not. that construction waste is really the spur of the earnings. i want you to stay in there. let's go to craig in virginia, please. craig? >> caller: hello, mr. cramer. >> yeah. >> caller: first, thank you for helping me think differently about stocks and research. you make a difference to us common investors, and i greatly appreciate your efforts. boo-ya. >> thank you. i'm trying to protect you. what's up?

>> caller: my question is about sallie mae. in my quest for quality domestic stocks, i've been considering slm, with the looming interest rate increase for student loans and how the increase would affect millions, will it be a no-brainer, or will the political campaign to maintain student loan interest rates be detrimental in the future? >> actually it's not levered to that, it's got a great book of business. i thought about putting it in the sell block. my colleague nicole irken and cliff mason talked me out of doing it, and i think it's an up stock. i want you to own it into the fear. it's not a bad play at all. once again, this weekend matters. it's all about europe. if we get a deal, let's say it's buy buy buy, if we don't, it's bye bye bye. "mad money" will be right back. coming up, wild ride. nat gas maker westport innovation has taken a beating this year, but shot up over 30% this week on news it would develop engines for industrial powerhouse caterpillar. time to fuel up your portfolio? cramer's exclusive with the ceo

is next. and later, liquor up? sometimes headlines can impair your investment judgment. so cramer is poring over the details to give you a shot at the real story behind one cool stock. could it provide spirited returns? stick around to find out. all coming up on "mad money." we all know there's nothing more important than family. on june 15th, we're celebrating our fifth annual edition of "mad money," it's a family affair. >> once a year only. check it out. want to join in studio for the special event? >> brotherly dispute -- >> the doc is in the house. head to mad money.cnbc.com to sign up for free tickets. >> the family that invests together, stays together. text mm to 26221. to get cramer right on your phone.

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have we finally reached the tipping point where we come to embracing nat gas the alternative fuel for vehicles? the government hasn't done anything. the legislation is still going nowhere in our gridlocked congress, but there's been a ton of good news from the private sector this week. you know i like to look at this through wprt, the speculative play on nat gas vehicles. it allows engines to run on both compressed and liquefied natural gas. the stock has been mercilessly hammered. as of monday, westport was down more than 50%, but over the last few days, the stock has rocketed higher. what happened? first, on tuesday westport including trains and mining trucks which are massive consumers of diesel.

this deal could be a game changer. it's no wonder the stock popped 21% on tuesday. travel centers of america yesterday entered into a deal with worldwide giant shell to build out a network of 200 natural gas fueling lanes in at least 100 travelcenter gas stations across the interstate highway system. they're expected to become operational next year. to me that might be the tipping point. we're seeing the development of the infrastructure needed to support nat gas vehicles. until yesterday only one company was doing it, clean energy fuels. now we have two and there could be more to come. that's why westport surged another 9%. so let's check in with david demmers, founder and ceo of westport innovation to hear about this week and what the changes mean for his company and the country's adoption for this

terrific transition fuel. dave, welcome back to the show. >> good to talk with you again. >> all right. this was a big week. first, what does it mean for shareholders to have this deal with caterpillar? >> well, i think it's just validation of what we've been saying for years. you know this story. it's all about creating value by giving people a cheaper energy source. we've got the gas and it's much cheaper, so of course we're going to see big consumers like rail and mining trucks, they'll consume half a million, 750,000 gallons a year per vehicle. >> per vehicle. >> it's huge for them. and of course it's going to be huge for everything in the value chain. that's why shell is getting into it, because there's so much money to be made by selling natural gas to people willing to pay $4 a gallon for diesel fuel. so i don't think there's any big surprises. people know we've been working with caterpillar for some time. it's a great pleasure, i can

tell you everybody is really excited to be working on trains and mining trucks. these are big engines. so the team is really pumped to be working on this, but it shouldn't surprise anybody in the market that anyone who has this kind of fuel bill is interested in looking at natural gas, and that the market leader like caterpillar will be talking to the customers about how we make this possible. it's been a great week. it has been a tough few weeks in the market for us and others, but i think this will help dispel some of the fear that this is just an idea. >> exxon, largest player, also has said it would know be a surface fuel. shell, another giant, obviously disagrees, is shell an outlier? or exxon an outlier? >> i think the short answer is shell would be a global leader. they've been at it for decades that they can drop their expertise into and make a lot of money.

frankly we can sell lng at a much higher price, so this is a pretty obvious business props if the vehicles are there and if the technology is there to make it happen. a big part of what we've had to do is bring everyone together and say if this, then that, but the core of it is the technology and the developments that we've been able to make to demonstrate this works. some of that is just being able to go and see lng trucks operating in los angeles, have people talk and say, yeah, we can do the job, so getting that step done was the critical part. now it's a case of bringing everyone together.

>> norfolk southern, burlington, csx and union pacific are four of the largest users of diesel fuel in the world. have has any of those customers said, look, we want this, or is this where you build the engine and they come? >> i think you should talk to them. the one that is public out there, we're working with cn rail. there's a demonstrative project that's been public a little over a year now, being sponsored by gas metro in montreal for the lng side. we're working with emd, the caterpillar division that does locomotives. so there will be a demonstration locomotive out there next year. and so i think the industry is watching this with a lot of care, because of course we don't have the same infrastructure challenge for rail. we can pull the fuel station behind the locomotive and deal with that in a being central lng facility. so the rail challenge is making

sure we can deliver a locomotive, i think you should conclude that cat has done its homework and think it's possible. mining, same thing. i think the mines want to see lower cost fuel, and it's a great application for lng, as long as we can demonstrate we can do the work. >> david, there had been some question and the stock got hit when cummins made an announcement that wasn't including westport, they're doing what some people regarding as being something competitive to westport. they have been your partner. how worried do we have to be that cummins actually wants to go after westport, as opposed to a cooperative part? >> jim, i don't know where that one got started. it's really surprising that people have made that conclusion, and we thought we could straighten it out immediately. i thought cummins had straightened it out. they're doing this with our blessing. it's the technology we've had with the joint venture. we at westport don't happen to think that particular technology for that market is really what we want to do, but cummins is doing it with our blessing. we've never said we want to be 100% of the business globally. that's just a fantasy.

if anything, i think we should see it as a validation that lots of oems are looking at this saying we want to fill in every segment. that's one where we decline to invest. if we had doing -- cummings will do it on their own. we happen to think there's better things for you to do than that particular engine with that technology. it shouldn't have been a big deal. we're in business with cummins for another ten years. there's lots happening in that joint venture and there will be lots of future business. so quite surprising that people got spooked by that, but, you know, how the market likes to get spooked from time to time. >> beer done with that, and when anyone mentions me, i will point to our interview.

fabulous week for westport. thanks for coming on the show. >> thanks, jim. look, this is it, it's happening. he's the ceo of westport innovations. this is a speculative best bet on natural gas being a service fuel. after the break, i'll try to make you even more money. coming up, liquor up? sometimes headlines can impair your investment adjustment. so cramer's poring over the details to give you a shot at the real story behind one smooth stock. could it provide spirited returns? stick around to find out.

i've said it before, i'll say it again. whenever a company reports earnings, you better be paying attention to more than just the headlines, otherwise you won't have a clue about what's going on. take the curious case of brown foreman, you might not be familiar with this liquor company, but you definitely know and have probably imbibed some of their brands. jack daniels, southern comfort, finlandia vodka, woodford reserve. brown foreman reported on a

classic what the heck moment? they ostensibly missed big time. the headlines were hideous. hideous! if you skim "wall street journal," you saw, quote, brown foreman 4q net falls. sales growth slows. doesn't that sound awful? all the wire reports were just as bad. 4q eps sales trail estimates. sell sell sell, right? reuters, sales miss oh, my! holy cow! sell sell sell! and it's true, brown-forman's headlines were disappointing. three cents miss, while the revenues came in light. and the midpoint was seen as below the street's consensus/expectations, hence the headlines.

if you only read the headlines, though, you have been very surprised when the stock opened not down, not down a dollar, not down $2 -- up 25 cents. it might have looked like a great opportunity to sell into strength, except then you would have been even more shocked, as brown-forman continued to rally throughout the day, eventually closing up nearly four bucks or 4.6%. the stock was a bargain at the opening on wednesday, up just a quarter by all those horrific headlines, but wait, wasn't this a terrible miss in slowing growth? how the heck does the stock rally. this is one of those puzzles that's only puzzling if you don't do what we preach on "mad money," if you don't do the homework. all the underlying trends were super-strong, with many of them coming in much, much better than

expected. brown-forman's like a book with a really unappealing cover. if you just bother to open the thing and read the first page, you would see it's a great read. the organic sales for the fourth quarter are up 10%. brown-forman's net income may have fallen, but it's operating income, what we care about, was up an astounding 13%. so what happened here? why were the headlines so misleading? primarily it's because there were a lot of nonoperating items that affected the results. while they don't really matter to investors, they're very hard for journalists not to get right, but to work into a headline, for example brown-forman's earnings took a hit from foreign exchange rates as the stronger dollar meant profits translated into fewer green backs. there were changes in

distributor inventories that hurt the bottom line, too, but the real killer is they sold the hopland winery business. that massively confused the earnings picture for everybody writing about it. it made it look like the company failed to deliver. can you imagine trying to put that in a headline, though? a sale of hopland wines dinged earnings better 43 cents? wow, an attention grabber. this quarter was too complicated to be captured by a headline, this is the extreme example, but this happens every day multiple times. if you took the time to go through the results, you could see would you say brown-forman deserved to rally. in my opinion, it isn't done. consider the trajectory here. brown-forman's 2012 fiscal year just ended. for 2012, the net sales increase a whole percentage point and huge acceleration for the company's 4% growth rate.

let's take sales of the jack daniels' family of products were up an astounding 12% for the full year. this is -- 12% for full year on a constant currency basis. this is the flagship product. here's what brown-forman had to say -- worldwide appeal of the brand, as well as the depth of emotion and attachment it garners from an ever larger contingent of global consumers and advocates is truly remarkable. they're talking about a whiskey for heaven's sake. there's no way you would have known that from a headline. old-fashioned black label was up 8%. can you imagine coke or pepsi having that kind of return in the domestic market? i can't. perhaps people are coming up with new uses. kesha brushes her teeth with a bottle of jack. maybe brown-forman is giving colgate a run for the money.

finlandia vodka had record results thanks to strong growth in russia and eastern europe. i love that. russia, think about it, finlandia. there was one disappointment. l jimador. woodford, wow, double-digit growth in what's known as depletions. that's all about the trade up. i have to tell you, this stuff has horse sense. there's a new product innovation, look at this. jack daniels sweet tennessee honey, which has totally reinvented the brand. this is technology company, and tennessee honey in particular is creating a halo effect for the base business, growing it across geographies and socioeconomic class.

although i have to tell you, we used to bring my grandmother a bottle of jack with great regularity, along with m & ms, plus brown-forman is kicking butt all over the world. europe was up 9%, they must be drowning their bottles in a bottle of jack. brazil and russia up 25. turkey was up 25%. we know domino's called out turkey, too. it's pizza and bourbon time in istanbul. brown-forman said we expect price increases to drive better balanced sales growth in fiscal 2013. who else raised prices with impunity? just this summer they plan to raise prices from 3% to 5%. you better stock up. it's amazing.

meanwhile, the raw costs that were going up, the corn, the glass, the energy, the labor, they're all going down, maybe not labor, but lower costs and higher prices can't be captured in the headline. you can see why this is such a fantastic story. last but not least brown-forman is using its, and i quote, predigious cash flow to reward the shareholders. through special dividends and capital distributions, they spend another 29% on buy-backs. average price of $40 a share, that's less than half of where the stock is trading right now. they're not drinking and buying. the bottom line -- don't judge a quarter by its cover. when brown-forman reported wednesday morning, the headlines were all awful, but the underlying results were terrific. that's why the stock rallied. and i've got to tell you something, that is one sober conclusion. let's go to john in california, please. john? >> caller: hey, jim, love the show.

back in the day i had philip morris that split. my concern is the european turmoil, is that going to have an effect on the overseas philip morris play here? i love the stock -- >> stephanie link, who runs action alert research with me, we are both concerned it could be a taxation without any representation situation. how do you close a budget gap? you raise taxes on tobacco. that's made me a little more cool. or if you are like me and antismoking, sadly lost resolution. let's go to michael in arizona. >> caller: boo-yah, jim. i've seen some beverage stock exchange lately. even in a volatile market, people get thirsty. >> do they ever. >> coca-cola, and i just added budweiser, what do you think of that? >> you know, this is tough.

what i should do is i just sold coca-cola -- my charitable truste just sold it. having a great quarter, and bud's okay. i'm glad you didn't say t.a.b. let's go to gary in michigan. >> caller: hey, jim, boo-yah from the motor city. >> i'm liking it, though you have too much european exposure. >> caller: you ain't kidding, i work for fiat now. >> we all work for the italians now, or at least being dragged down by them. >> caller: ruger? >> the gun company? >> caller: i went all in two weeks ago, three weeks ago. >> but their quarter wasn't any good. they didn't deliver a good quarter. i think you let it bounce. it's a well-run company, but it's not my cup of tea, so to speak. anyway, it's -- it should have had a great quarter, but we'll -- hold it, that's -- do i hear

kesha? you know, we're good friends. we share the same mouthwash, the party don't stop when jack's around. look at the headlines, the company is in good position to defend your portfolio. i say cheers. stay with cramer. coming up, send cramer an e-mail. or tweet him. and he might just answer you on the air, on an all-new edition of "mad mail."

it is time. it's time for the lightning round. they send in stocks, and we go buy buy buy or sell sell, and then it's over. are you ready skee-daddy? i'm starting with jude in my own state of new jersey. jude. >> caller: hi, jim, how are you? >> good, how about you? >> caller: i have a simple question. beam. >> buy buy buy. i tell you the business has never been better. let's go to chuck in oklahoma. chuck?

>> caller: titn, titan. >> okay. that kind of titan is an ago titan. i don't like the ag market, and i've got to tell you deere has been bad, too. maddie in california. >> caller: boo-yah, how are you today? >> real good. what's happening? >> caller: my stock is dillard's. >> they're making a comeback. i never used to like it, but i'm going with it now. ken in georgia, ken? >> caller: boo-yah, from georgia, my friend. >> i love georgia. what's on your mind? >> caller: valuement industries. your take and their competitors? >> valiment is a tough call.

it has many, many different businesses, i will tell you this the parts are worth more than the whole. buy buy buy. mark in california? >> caller: what's the matter with pasco steel. >> what's the matter? how about this? chinese keep flooding steel. you know what? i think a stock can go higher, but i want you to let it go. bret in new jersey. >> caller: i'd like to give you a big boo-yah from the pine barons. fusion io, fio. >> no, no, let it run and then sell sell sell, because that is a company highly speculative. look i would rather see you in intel. that's the conclusion of the lightning round. the lightning round is sponsored by td ameritrade.

they've got loan rate cuts, deposit cuts, easing loan restrictions. they're like schwarzenegger, the actor, not the governor, when he takes on 300 guys in "commando." or at least tony montana in "scarface." >> say hello to my little friend. >> we don't even have a little friend. >> there may by some diminishing returns. >> how'd you like that? and now this week's installment of "jim cramer explains twitter." >> no hashtags, just that. thanks for tuning into this week's edition of" jim cramer explains twitter." daniel in florida, please, daniel. >> obviously with the market volatility -- bernanke's speech, so my question is -- equity such as walmart and gold and silver, which lagged in the gold and silver markets, whichever is the

last results -- >> holy cow, i really wanted a shot there. i'm a fast talker, but i think you've got me beat. this is my show. there's nothing worse than going to the post office and waiting in line. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com, you can print real u.s. postage for all your letters and packages. it gives you the exact amount of postage you need the instant you need it. can you print only stamps? no. first class. priority mail. certified. international. and the mailman picks it up. i don't leave the shop anymore. [ male announcer ] get a 4-week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again.

the school year may be drawing to a close, but here at "mad money," we never stop doing homework, on wednesday we got a question about digital generation. james sought timely help regarding the $20 takeover bid they received near the close of that very day and reportedly snubbed. it was more than double the share price at the time, tough to turn down. since dgit popped more than 20%, i figured to do more work to sell on the news or ride with management. digital generation delivers timely ad -- linking more than 5,000 advertisers, ad agencies and content owners with over 29,000 tv, radio, cable, print and web publishing destinations throughout the united states,

canada and europe, but the market cap is only $330 million, so this is a speculative stock, and it hasn't been doing well. plug deciding at generation recent acquisitions may be concerned about the acquisitions -- i say you sell the stock into the takeoff speculation, and we're going to use the immortal words of steve miller, take the money and run. on tuesday paul in nebraska stumped me with gordman stores, of course we know the super bowl champs, but i needed to do some research. it's a 18 states, mostly midwest, so i haven't shopped there. this is an off-price play. selling a wide array of merchandise at nearly 60% off department and specialty store prices. it's not that different, maybe a little higher than dollar general, which by the way, picked up four quick ones, plus it's cheap. 15% long-term growth rate. this is a regional national retail store. and i know you like those.

that's the right place at the right time in today's economy. gordman has completed a huge secondary offering. wow. the stock is up 4.8% since then. secondary behind them. i'm willing to bless it for speculative domestic security. limit orders, please. this seems like a real good one. now, a few tweets, maybe some mail. first, let's start with @shawn dalymd. lcc as a speculative. because oil has come down so much, i understand why someone for a trade would actually buy usa air, but it's not my cup of tea, but you can do it, all right?

i'm blessing it. now one from @mr. flytrap. bng food verse hain. both have strong growth. which is a better choice for the i.r.a.? this is a rather amazing group of stocks. both of them just flying, for i.r.a., i'm still going to do bng, reinvest the dividends and you'll do great. no offense to mr. simon who's running hain, doing a great job, too. my daughter wants to buy her first stock. thanks, mom in oakland. huh-uh, no. you want to buy disney for your daughter. my charitable trust has been buying disney, even though we have a nice cash position, we're buying it on every single dip. from@jonathanmaxie, with domestic security as a strategy,

would you be a buyer of clh, clean harbors. clean harbors will be hostage to oil and gas, so right now it's in the doldrums. do i want to pick it up? i have to tell you, oil and base, wait until the end of the quarter, and this will be a good pickup in the month of july. "mad money" is back after the break. [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

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it's not just that we're supposedly hopefully intertwined with foreign countries, it's that we're intertwined in a way

that's everything is bad, even when it should be good. we're talking about the price of oil, just one of the worst weeks ever longest losing streak in 13 years. somehow in this bizarre market that's often considered to be terrible news, because it shows the underlying weakness in both our domestic economic and global economy. this is a pathetic, even deranged way of looking at things. think about it. the ratio of companies in this country that benefit from declining energy costs is nearly 10:1, almost 10 winners for every loser. ratios of people who benefit to those who don't is about 100:1 with the 1 being the marginal player who would probably be getting a job in the oil patch, but because oil has come down, that job might be deferred. it provides no lift to the stock market. i've seen so many other times where you could expect a gigantic multiple-month rally to

the up side, simply because the tax on the consumer was being cut. no one attributed this rally to gasoline, it was all spain. why is that? because we know that oil coming down is a sign of european or chinese weakness. we've become conditioned to believe spain or italy might soon go under. and the united states if not the whole western world. in other words, something so good for us is also bad for us? the only positive we might hear about from this today is the chinese will now have plenty of room to cut rates. you won't hear how gap benefits or how more food and beverages are sold, how the airlines or food companies, or industrial makers, all doing better, the estimate increases from -- none of the analysts are talking about it.

if anything you'd hear that the rally in the 10% of the market that's oil and gas is kaput, losses are to be taken. like chevron, exxon, it's just plain bad, right? wrong. all this is nonsense, but it's nonsense based on the spain is lehman ten times over chatter. after what we went through in 2008 and 2009, we know wall street can destroy anything in this country, so we take what perhaps would be the biggest positive in ages, the collapse of the most dastardly commodity on earth. for most of a terrific week, we sold the stocks that are most impacted positively. somehow we accept as gospel sales are the smartest we can do. too stupid no words? merely as play things to toss around to make the quarter. for my it's a market of stocks the the vast majority benefit. stop selling them on energy weakness and buy the energy consumers that are getting hammered. it's called sanity. and it tends to make you very big money over very long periods

of time. stick with cramer.

i know it's a big sports weekend. for me i'm just paying attention to spain and germany. this week's rally was all about the secret deal we better get this weekend or else we'll be back in purgatory. remember it's really binary here. be careful