asking is what would the markets do if a strike occurs on syria especially during market hours which would make sense given the time change. we'll wait and see what happens. always a pleasure having you with us, michelle. >> that does it for the "closing bell." thanks for watching. >> "fast money" starts now. we'll see you tomorrow. >> live from new york it's wednesday, early evening. hi, everybody. i'm brian sullivan in for melissa lee. your traders tonight are those guys. wait a minute -- >> what? >> i did that on purpose. >> tim, dan, guy, mike khouw and former trader and cnbc newby domenic chu. now that the hugging is over let's get to your top story. the waiting game, the waiting is

indeed the hardest part whether it's the debt ceiling in syria or the fed's exit from easy money, how are the pros weighing through all the unsurnt. guy? >> the hard promises. you remember that, l.p. you were probably in grade school. if you are an investor this is difficult times. i get it. that's why we do the show. now is when you have an opportunity. last night we mentioned a couple of energy stocks, conocophillips and chevron both had great days. we also said as long as the market stays above 1625 in the s&p we're going to see a rally. it traded down to 1627 we bounce. i think we got 20 handles in the s&p and then we'll re-evaluate. that's what trading is all about. >> speculation of a military strike on syria pushing oil prices higher today over 12 bucks a barrel. sock jenn said oil could climb

to 125 a barrel if air strikes are launched against syria and could go higher, maybe to 150 a barrel if the conflict spreads around the region. let's bring in our guest. syria produces 50 thousand barrels a day if that. north dakota produces 800,000. they're a nonevent in the oil production market. so why your call, the 125 or maybe higher? >> the call of 125 so another 5, 10 bucks of upside is based simply on the market being worried that the instability might cause a real outage somewhere else in the region. it's not syria itself. >> do you think the odds are good that that will happen? the one thing i worry about is the keer cook pipeline that goes from iraq to turkey but it touches the top sort of tip of

syria. it's been vandalized in the past. it's the biggest pipeline out of iraq going to the mediterranean. we're showing a map. is there risk here? >> some risk. that pipeline has been hit repeatedly in the last several months. >> energy has been shut off, et cetera. >> i'll tell you what i'm worried about which is much bigger, the southern exports out of iraq which is 2 million barrels a day. out of the north is normally about 350 and it's down to a couple hundred. >> you talked a psychological premium, but from an actual production supply demand standpoint, how many barrels a day would have to come off the market? how many million barrels a day would have to come off for there to be a true supply crunch? >> i would say anything half a million barrels a day or higher. the saudis -- here's a key the oil traders are going to look at. the saudis have 2 million a day.

some think it's a little less. that's what the oil markets will be looking at. any outages the saudis might be able to make up but the question becomes what's left. if it's a full 2 million out of the south of iraq there is nothing else. >> libya production, you have aworka worker strike and you have russia on the tape making noise. you have iran, russia, places where there is a lot of oil that's somehow important to markets and it doesn't help. when we look at supply dis rungs versus reality, the libya situation is a structural problem that is not going to change in the near term. when you talk about your strike, to me this is a spike that i think you buy this weakness in the global economy because this is a temporary spike, but when it comes to libya and structural supply disruptions to the

market, where do you think we can hold 120. that's a number to me that a lot of people are not pricing in for the medium term. >> the markets, our view and market participants are thinking we could have a surge or a spike but it won't last that long. with libya's market bouncing, yes, we lost a good amount of crude oil and that caused prices to spike during the civil war there but the market is bouncing off, between now and november we're in a downward slope because of planned maintenance. >> where would we be without oil production. there are 800,000 barrels today. we know all these shells, where would they be if we had not seen a growth in the u.s. production in the last five or ten years? >> that's a tough question. >> is it helping us? how about that. >> there is another key moving

part. if you do the arithmetic and say it was growing at the old rate -- if we didn't have the shale boom in the u.s., you would probably have a lot more output out of saudi arabia because they would have been investing. they keep delaying their plans because the world doesn't need it and they don't want to waste their money. >> mike, thank you. guys, let's talk about what mike was saying here. anybody got a trade on oil? we talked about the oil companies, they have had a miserable month. anybody like these names? >> some of the things that are effected by a supply shock and when you look at the transport, the airlines, if you look at other -- libya for example, look at past conflicts and what it did to the prices. this is a buying opportunity for people that believe that the airlines are in a structural rerating and a price to book as cheap as you're going to find

them, this is a place to buy. people in the last couple of days, we have very good data i think relative to where people think the cycle is in the u.s. these are places -- the transport are the better place but the airlines, i'm already in. >> are you now worried if we do see a sustained rally in crude oil that that works its way through, at some point at 120 we know it becomes more difficult to push those costs. >> i agree that's a major headwind. without that when we're looking at the gdp, u.s. economy, things are better. >> it's interesting. it's also about big integrated oil versus the refiners. we're in the stream you want to be in this trade. are those higher oil prices going to be sustained? if they are who benefits. maybe the big guys do or the refiners, the people who sell the gasoline. >> where is joe? doesn't he love the refiners?

>> i think joe falls in and out of love. he's a trader. he's fluid. we talked about that earlier. i want to go downstream a little bit. the chemical names which had been on fire until recently and basically coincides with the recent move we've seen in energy, levels i think you can start to look at them again. if you think this energy move is going to peter out, eastman chemical looks interesting. these are names that get hurt as energy prices get higher. >> you know who is light and sweet? you are. >> you know, dropped a lot of weight. >> you're iron man. >> can we do a show about finance and you guys can get a room later? >> we're on a break. >> we're getting into it before the show began. this is the love part. getting back, we're going to weigh into all the stories playing out. we have the waiting game. how do you trade the waiting game? >> things are about to get really interesting in the next

couple of days. we talked about the data next week. when we think about manufacturing data and we talked about the jobs number this is a fed that said they were going to be data dependent. monday and tuesday of this week the vix rallied 15, 16, 17 percent. today you would have thought with the market up at one point 60 bips that the vix would have been down a lot. it ended up down 1.5 percent. as we head into the potential strikes and a holiday weekend and the data next week that people are on edge and are nervous and keeping volatility. >> i'm glad you brought it up. 16.5 on the vix is still not high. one of two things are happening. people aren't really that worried about it or the vix is ceasing to become a good indicator of fear. >> i think we've been in a period of extremely low volatility for an extremely long period of time. when you look out to the term structure of the vix, in january

it's pricing about 19.5. >> policy failure is going to be the biggest driver of the vix. as they exist in europe and japan for the time being have become distractions that we're not worried about. if you look at the data that's coming out here, the vix is going to start to perk late even that much more. people are worried about policy mistakes. right now the economy is doing what they expected it to do. >> we got john najarian after camera but i know you're itching to get into the options conversation. let's go to mike khouw. what do you think about the options discussion of the vix right now? >> one of the reasons that the vix looks like it's relatively low at 16.5 is because we actually have a three-day weekend with labor day. what ends up happening is that the options premiums are slightly compressed because you're not going to have the trading activity so the number would be a little higher. i wouldn't necessarily take it as a sign of come placesy.

the other thing i would point out, another sign of options concern is implied correlation. there is fear that all assets are going to rise and fall together. there we've actually seen that up about 20 percent in a couple of weeks. i think the options market is pricing in maybe a little more concern. >> mike khouw, apparently a nontie look does not get you knocked off this show. good to know. let's get a market flash with josh lipton on guess. what are we guessing here, josh? >> we are watching guess. sharply higher in the after hours reports and strongly beats on the bottom. also bests on the top. the q 3 forecast disappointing but guess lifting its full year guidance. >> let's talk about guess. this is discretionary but on the upper end. you don't buy levis jeans. you buy guess that costs --

>> i don't. >> i don't neither but this is another take on what is happening with the overall consumer economy. it drives two-thirds of the u.s. gross domestic product. this is one data point. it could be bullish for the rest of the upper end retailers. >> tim is ready to jump in on the 7 for all mankind super skinny look later on the program. coming up on fast, forget about the u.s. should you head overseas for value? we're going to go global and make a pit stop in germany. plus the burger wars are heating up. burger king or mickey dees. one is a buy, the other about to get grilled, grilled. >> yeah, keep going. >> a top technician reveals the winning trade when fast returns. we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason

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>> welcome back to "fast money" live from the nasdaq market site. black keys there, thank you very much. with so many question marks right here in the u.s. weighing on everybody's minds, maybe it's time to look outside of america for opportunities. so how about germany. take a listen. >> germany's economy is in a

good condition. just weeks before the general election in september, the unemployment rate is low. the gross outlook for germany is rather positive. but of course there are insecurities coming from the central banks above all from the fed's tapering. economists think that the yields will rise alongside the yields of the eurozone pefrry. that triggers insecurities for investors in germany's. this is cnbc business news, munich. >> so how about it? is germany for europe, the larger europe, the place to be trading right now? >> germany relative to the rest of europe on the valuation is interesting. the dax is trading 17 and a half times.

ftse 18 times. someone that has more leverage to the global economy is germany. forget china. this is the exporter to the world. germany is where you want to be. siemens is the place you want to play. the place that i would be taking the other side is in the financials. deutsch bank, commerce bank, big move in the last month. big issues with balance sheets there. this is where i would be cautious but i like germany here. >> i actual will have to agree. when you look at the valuations on a relative basis, the u.s. had been a lot cheaper for a long time. that correlation kind of moved apart just recently. to me i think there are major issues in europe. their banks are still deleveraging like tim says. for you guys at home who like to play the ewe, deutsch bank is still a part of that. >> i don't think you can outright short deutsch bank but below 40 this breaks down in a

significant way. keep your powder dry until then. it's basically this triangle that i believe will break to the downside. >> thank you very much. let's move on. what are the technicals now, the charts, saying about europe versus the u.s.? let's go off the charts with jonathan krinski? >> we can see the fine trend line here. it acted as support during the 2006 and 2008 corrections before breaking to the downside. we've revisited that area and it should act as resistance. unfortunately what i don't like relative to the united states as you can see right here, in august as the u.s. was breaking out to new highs above the may peak, the broad past euro was not able to do so. i would be more cautious on europe relative to the u.s. >> all right jonathan, thank you very much. we're going to talk about mcdonald's on the charts now.

i don't know what's going on here. do you like mcdonald's or we're talking about mcdonald's? i have no idea? >> are you talking to me or him? i could talk about mcdonald's. >> jonathan has a good chart. we don't know what we're going to order. we're in the drive through. the kids are screaming in the back. we order the first thing on the menu. jonathan, go to the burger wars. >> let's go back to domestic stocks here looking at mcdonald's. we're a little bit cautious of mcdonald's relative to burger king. if we look at mcdonald's it had this peak in 2012, a new high slightly in 2013 but no follow through. since then it's been consolidating in a detrending angle. we're concerned about this 150 day moving average is starting to flatten out to the downside. burger king has been respecting this support line.

has the 150 day moving average below price. we like burger king over mcdonald's. >> thank you for saving us. burger king maybe looking a little better. jack in the box as usual getting no love. >> mcdonald's comps have been lose lousy. august comes ps, my sense is you're going to see disappointing again. you have a series of lower highs in the stock. breaks 95 it's gone. >> the chart may be constructive on burger king but the valuation is not. mcdonald's at 17 times is come back to territory. i look at the space and i see a peer group in 22, 23 land and mcdonald's which is a proven brand and global comps are rereaction sell rating. >> these guys are both chains that are trying to revamp their

menus, trying to appeal to people they haven't appealed to in the past, the generation yers looking for frappuccinos. >> you know who has been the hottest? wendy's. >> they have a pretzel burger. >> next up on the show, geo political concerns boosting gold which is having its best month since january of 2012, that was last year. but is there better value in the beaten down gold minors. we're going to have a golden debate when we come back. i'm a careful investor.

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>> ll cool j. welcome back to "fast money." live from the nasdaq market fight. time for a street fight. gold bugs rejoiced a bit because it paid for its biggest monthly increase since january of last year and it's not just the metal. the gold miners have posted gains of 15 percent so is it time to take any profits you might have made and hit the road? it's time for a street fight. guy is our bull. mike khouw is our bear. 90 seconds on the clock. >> the great thing about fights is any time you're in the ring you have a puncher's chance. i'm buster douglas against mike tyson. gold is a bet against fee yat currencies and they end poorly. that's what we're seeing across the globe now.

mike will talk to the etfs but that leads me to believe you might see a leg higher. the recent downturn in newmont and others was a story that miners were going to start to hedge again. newmont specifically, we traded down to levels we last so you in 2009. we traded even recently and bounced. i think gold rally and newmont is your play. >> gold is a proxy but you need real signs of inflation for gold to rally higher. we have seen that liquidation in the etfs but look at what these miners are doing. gold prices rise and still they don't seem to make more money. basically right now many can't make any money below $1200 an ounce. the other thing is leverage. it's on their balance sheet though, not necessarily their prices. they actually saw peek earnings

several years ago when prices were lower. to me it looks like these are companies that really struggle. when everything that can go wrong does go wrong for these guys. >> mike makes a great point. these stocks have gotten obliterated bought everybody was left them for dead and they become very interesting at this point. >> i'm a seller of buster douglas. to me i think you have to wait if you really believe in the story the way guy lays it out. >> massive runs, they had massive runs down. they went down 70 percent in many cases. >> how much are they up in the last month? >> relative from where they came from. it's all about capital efficiency. mike makes a great point but these guys are forced to scrap bad projects, make money, invest for yield and give something back to shareholders. you buy them here, you don't sell them here. >> this is the way you do it, guys. gold miners are a leveled play

on the metal itself. these are the ones who extract it, get value and get more as an investor. if you believe in the gold story that's when you go long. >> you got to know the average cost of production per ounce of any of the miners. >> and you have to know their balance sheet because a lot of guys are going to go out of business here. >> cost production is $1,000 an ounce i have very little incentive at $300, $400. >> but they were thrown out with the bath water. it was wiping out fundamentals in a lot of these companies. this is a great place to buy on a six to the nine month horizon. >> tell us who you think won our street fight. tweet us @cnbc hashtag bull or bear. we'll have the results at the end of the show. let's get another market flash with josh lipton on jcpenney. >> brian, listen, we knew bill

ackman had sold his jcpenney stake. we now know at what price. according to a filing, he sold that jcpenney stake to citi for 1260 per share. remember the average price he bought was around 25. again, ackman's pershing, selling to citi for 1260 per share. guys, back to you. >> we knew it was going to be less than what was jcpenney was trading. what do you think of the price? >> great job by city group. they made $12 million. the stock broke the price today and traded sloppy. today scott wapner said he confirmed through sources that carl icahn did not buy on it. it traded so well that some people were thinking for sport maybe icahn got in there and wanted to see this thing double in ackman's face. that was one rumor going around. the company also, talk about

balance sheets, is going to have to raise capital here. there is probably another equity offering coming. >> anybody remember people crowing about ackman's profits in jcpenney? 1260. we knew the price there. pure profit for citigroup. there you go. coming up on "fast money," does jerry seinfeld's buddy george kos stan za actually have the key to being a successful trader? we'll explain. can kind snacks keep produces healthy profits and doing social going, ceo daniel lebetski will join us after the break. oves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars.

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>> welcome back to "fast money." i'm josh lipton. last friday investors rejoiced when they heard that steve ba ballmer would be retiring. that stock finished up 7 percent. lots of criticism for ballmer. the stock under his watch tanked 40 percent. now the ballmer departure premium is nearly gone after the

last few sessions. >> there you go. there's the microsoft story that we wanted to hit. josh, thank you for bringing it to us. i tweeted earlier where is the love for the ballmer departure? >> what was all the love on that day? to expect the resignation of a ceo at some point in the next 12 months is going to lead to this mass turn around in a stock and in a company of this size, delivers cash flow like any other company in the world would love to do. what we said what i think this is positive. i would want to own microsoft here. if anything -- >> you want to own here? >> absolutely. after this pull back, this is a stock that to me i wanted to own before the ballmer news and we have's taken it back to that point. this is a company that's changing their model but they're not going toe do it overnight. devices and services is what he was trying to transition. >> let's say they're not going to have a replacement in the next six to eight months. they have an analyst meeting in

september. there is going to be no change, nothing interesting in the corporate action side. it's going to be a buy back story and they may get further behind on some of the things they're doing poorly on, mobile for example. >> at a three percent dividend yield and at this valuation it still offers value to big cap tech. >> tim seymour likes microsoft, there you go. moving onto where the rubber meets the roads. shares of goodyear hitting a 52-week high today. some making bets that the options will continue to drive higher. mike khouw? >> goodyear saw many multiples today and they were trading at 35 cents. buyers are obviously betting that it's going to be above that $20 strike price by at least the 35 cents that they paid or above by september expiration which is only three and a half weeks from now. >> mike, thank you very much.

guy? >> goodyear tire has been left for dead but you have had this tremendous rally. so mike's point, it feels like it wants to continue this breakout. it wouldn't surprise me to see the stock north of 23. i think the momentum favors the upside. >> can health food help ease geo political tensions. our next guest created all natural products and went to start kind healthy snacks, one of the fastest growing knack brands in america. let's welcome in dan lubetzky founder and ceo of kind healthy snacks. thank you for joining us. the product is fantastic. no endorsement. i eat them every day, delicious. >> thank you. >> i'm going to call this peace through pea ta. tell us what you are doing and how you're doing it. >> the first company you're referring to is called peace

works. i've been bring in israelis and palestinians to trade with one another to break stereo types and cement relationships and work over the last 20 years together. this is a separate company that i founded after learning how to do the food business called kind. it focuses on first and foremost making delicious healthful products but trying to create relations among us, not just in the middle east. >> i have had the fortune to travel there myself but it was always amazing to me, you read the papers and you think everybody hates everybody and you talk to people and they say i'm doing business with this guy and the old adage, you don't go to war with another company. mcdonald's comes to mind.

>> i maybe i shouldn't share who but yesterday it was a nonpublic meeting but we're putting together an effort to double up on that premise and we're building through peace works and one voice a whole platform to generate jobs and exports with the premise that it's a necessary part of the solution. in tandem if you give people a stake in the system and the opportunity to work with one another you break stereo types. >> let's talk about the kind business. there are a lot of folks in the space. we talk about whole foods, haines. where is your growth? is it united states, europe, what's taking place in europe hurting you? >> we are primarily euro centric. we're in 15 or 18 countries. most of our growth and experience is primarily u.s.

we're only now starting to examine the international strategy. we have been disciplined. we have a lot of fans among you guys. there is a huge universe of people that have not tried kind bars. the big opportunity is in the u.s. for us. >> are you sensing an ipo for your kind healthy snack business, perhaps a sale to a larger company that wants your fast pace of growth? >> right now we're having a lot of fun just growing the company ourselves. at some point like you were teasing earlier, we never know what will happen but for the foreseeable future we're committed to stay independent. to the extent that there was to be some liquidity option it would be ipo but you never know. >> dan lubetzky doing good work. thank you for coming on. traders, we talked about burger king and mcdonald's earlier. let's talk about some others. names pop out? >> talking about the global food business and people that at least are trying to make things

probably as healthy, aman doe lees i think continues to be the international way to play the stocks market. probably not doing anything for the health of the people that are eating it, gut again this is a valuation that around 22 times looks expensive relative to its history yet i think it deserves that premium. >> this is expected to grow mid teens for the next few years earnings and i just don't get it. this is very much a domestic play. when you listen to what dan just said, their growth is going to be overseas. to me i do not want to own it. >> do you shop at whole foods? >> does he look like he does? >> it's a cult. that's the reason it makes me nervous on being short on the options side. >> to me i think we have a weakening consumer.

i think these guys could be ground zero. >> let's talk about a competitor of whole foods, the fresh market. they came out with earnings just after the "closing bell" today. they came out earnings were in line salesish but their forecast below street estimates. so does that mean the higher end consumer is feeling it? >> that's not what you were saying before. all of a sudden you like this guy. >> timmy, what do you think? >> this is good stuff, man. >> i'm going to take this with me. >> ahead on "fast money," we're going to lou tim to chew and swallow, the most talked about cnbc moments of the day and from the cloud to the natural gas space. two names that need to be on your radar for tomorrow. that and much more when we come back. [ male announcer ] come to the lexus golden opportunity sales event and choose from one of five lexus hybrids that's right for you,

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moments on cnbc, here's a rapid fire recap in tonight's "executive edge." take a listen. >> i think a fair reading of the data is not that things are collapsing or anything but that we're still kind of stuck in the mud in this kind of two percent economy. >> there are economic impacts if this conflict continues to spiral out beyond the borders of syria, and those who think we can contain it within syria, frankly, that's just not what is happening in that part of the world. >> signed contracts to buy existing homes down 1.3 percent in july month to month according to the national association of realtors. that was a little worse than expected but not much. >> shares of wireless chip maker technologies are headed higher after the company reported earnings and sales that beat analysts estimates and forecasted better growth for the current quarter. >> here's the catch 22 that we're in right now for the

markets here. we get weak data, we get earnings concerns. we get strong data, we have tapering concerns. the market is trying to work through this. >> i have a chance to talk to them more in depth both on air and on the side lines and i hear that they want this to happen in september if the data supports it. >> this is a part of the growing pains that we're going to see in the industry and it's a complex and precise process. what keeps elon musk up at night this is one of those things. >> you get more hate mail on twitter for talking about tesla. >> tesla is the new apple on twitter. if you say anything positive or negative everybody comes out of the network. domenic chu, singapore based company, have you seen that chart? >> smart phone it's been a

volatile space, right? >> xhb is your trade. what did you make a face about? >> i take issue with street signs and inventories. >> i liked when you grunt. >> i did 72 hours of television in the last two weeks. >> xhb you trade it when it looks the worst from the long side which is exactly what it does now. you stay long around 28 bucks. >> because doc j. is worried about haters on twitter about tesla, to me this one is getting very close. it's been a one way street as far as the news flow ai actuall put a defined risk on tesla. i think you could see a pull back on the first bit of bad news. >> hold on. according to the national

association of realtors what percentage of homes sold within one month nationally? >> no idea. >> 45 percent. seattle has one and a half months of inventory. the average is five. if there is no homes to sell, you're not going to have home sales. >> let's talk about something else. forget about tesla, too because we talked way too much about that stock. let's talk about what john mccain said. if you are thinking about from a market positive, forget the economic data but when the oil attacks is when you probably start to attack this thing. >> have outside kind bar. now that we discussed what happened today let's look at what is coming up tomorrow. sales force.com essentially flat. will they get a boost tomorrow? >> it's going to be huge and volatile. the valuation suggests the stock should go straight down. that's why it has a short

interest that's astronomical. if they come in anywhere in line which i think there is a chance that they do, this stock will rally significantly. i don't want to sort of give it away but this becomes a very interesting trade from the long side tomorrow in my opinion. >> liquefied natural gas company, golar set to report second quarter results tomorrow before the bell. what are they? >> they operate a fleet of lng tankers and shippers. it's big business. this is a company that's done pretty well in the last six months from a move from 32 to 38 on the chart going into the numbers with a 33 times pe is a stock i don't know that i need to own even though this is a very interesting company for the future. >> there you go. we are not dead yet to quote monte python. we're heading to the scary place known as the twitter sphere. we're taking your requests, did your tweet make our cut? stay tuned to find out. we'll be right back.

>> we don't need to tell you

this but the markets have been volatile this week on syria concerns, more urn certainty about the fed, you name it but could your best guide in the land of confusion about george costanza. former hedge fund manager writes this, you force yourself to think like a contrarian. actually you become like george in the famous opposite episode where jerry famously says that if every instinct george has is wrong, that he should do the exact opposite of what he first thinks and it must be right. in order to become a successful trader must one be a contrarian? >> to be honest you have to employ good risk management. because a lot of times things aren't acting well for good reasons. to me some of the best trades where you're going to get the asymmetric returns are contrarian. i back that up with doing it with a little risk management. >> being a contrarian all the time suggests being dogmatic

which in trading you can't be. there are times you can be contrarian. it happened in hewlett-packard a year or so ago. i say you're contrarian when you see huge volume events on moves. >> we go to a marketing meeting and say we're contrarian investors. what we mean by that is we are looking for value when people are very long a stock. i do not like to be big a stock that's moved from the lower left to the upper right. i don't want to be chasing that stock. it's talking about looking for values, not just to be different. in a market where the proliferation of information has gotten so good, this is a place where hedge fund managers have to have an information edge and that means trying to find an information twist. >> i traded chemical commodities a long time ago, fos fates,

fertilizers but we didn't have the internet. it was easier to get asymmetric information. >> understanding the characteristics of your stock is a lot about betting and how it's going to move. >> it's about picking points, knowing where they are. if you look at where you make the money a lot of times is just by riding the waves, the trend is your friend, the momentum. it's not just about being contrarian but knowing when this is signals hit and knowing your history because it tends to repeat itself. >> the more people that attack you, the righter you probably are. mike khouw? >> anybody who ever believes that a security or asset could either be underpriced or overpriced, what they are actually expressing at that moment is a contrarian viewpoint, that somehow their valuation differs from the one that's prevailing in the marketplace. everybody probably watching this show and sitting on the desk does have a contrarian streak in

them. dan, guy, all of these guys made good points. you could get hurt if what you try to do is fight the trend. you obviously have to look for the moments when it looks like the trepd is reversing and you get to capitalize on your viewpoint. >> thank you all very much. you tweet it, america. we trade it. let's get to your tweets on our crew today. tim, u.s. steel, what do we do? >> trade it, trade it hard. you should be fading some of these rallies. the recovery and demand is not there in steel yet. >> one tweet today and that was on u.s. steel. your first move tomorrow when we return today. more "fast money" coming up. [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train.

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>> we've tallied your votes and you said guy adami won the street fight. congratulations. time for the final trade. let's go around the horn. mike khouw? >> if you are going to go with guy's bullish betting use call spreads because the premiums are up about 20 persi 0 percent. >> exxon. >> shoutout to my dad who is

watching. get better, buddy. >> get better. >> sales force. i think you'll be long in earnings tomorrow. >> domenic chu, great job today. i hope you enjoyed it. >> inext. watch "street signs" tomorrow at 2:00 p.m. eastern time. i'll see you there. jim cramer begins now. my mission is simple. to make you money. i'm here to level the playing field for all investors. . there's always a bull market somewhere and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money," welcome to cramerica. other people want to make friends, i'm just trying to save you a little money. my job is not just to entertain you but educate and teach you. so call me at 1-800-743-cnbc. it's called the circle back. and it's what you do when you think the coast is clear. you circle back to the stocks of companies that just reported excellqu