value. i'm not going to find value in a stock that has just popped $15 to the up side. all the people that chased into all the bioteches thinks they must have the next cure for cancer, i think those are the ones that have cursed themselves in this correction. >> and a lot of people cursing their portfolios today. "fast money" begins right now. melissa lee, over to you. >> thanks. breaking news. a major selloff that has investors scratching their heads as to why we're here at the nasdaq at the center of it all. the dow and the s&p 500 also taking a major beating. the momentum names getting hit the hardest. stocks like facebook, tesla, linked in and amazon. take a look at this. sinking deep into the red. we are covering everybody angle tonight, whether or not you should buy and when plus the latest from dennis garman after

the comment he made earlier this week. >> i got scared. >> scared? >> scared between 11:00 and 11:15 it was as if they flipped the switch. everything changed. stocks changed. bonds changed. currency changed. the whole world switched. >> he will join us line. what happened today because so many investors out there are scared themselves. brian, what do you say? >> about 3:30 this morning a big seller of europe came in. nobody knew why. nobody knew who was selling or why they were selling. that's been the story since last friday when dennis made those comments. i agree with him. something has changed in the market. people are making sales and nobody knows why. that is the scariest part. >> could it be we couldn't make an effective new high. guys waiting to pierce through

to the up side. for the mere fact of wihy would you want to buy this market above a newer level than what you seen before? you already own stocks. >> but i have been hearing that. >> it's not like we're all waiting to buy. i don't have that much money left to allocate -- >> so being in the market is the crowded trade. >> it's not like we're all sitting hearsaying i'm going to wait, i just think guys are long enough. they reallocated and sold what they wanted to sell. >> that makes sense to me. there's been rotation going on. that makes total sense. if i look at the nasdaq that's 35 times versus the s&p. it didn't start last friday. it started at the end of january. we payroll data which -- we had claims data out this morning. the macro was quite good. don't be confused by a bond

racket. i don't think what's going on is scarey. if you look at the names getting sold off, these are names i think have more reason to go. this is not the world coming to an end. i think a lot of people have been rotating and value, overgrowth makes sense. >> there was data out of china that scared some people. tim can probably speak to that. friday we talked about that reversa reversal. >> right. >> we talked about the fact that it happened so early in the month. we have thought we would see a bounce. yesterday i thought we would see a continuation of that bounce today. so i was dead wrong on that. 1834 has been the level that we flagged. so this is where i would look at the world on april 10th. if you're bearish, i think the best that can happen is we bounce and tread water to the end of the month and have a late month selloff.

if you're bullish i think the best thing that could happen is we flush down to 1760 which i think is the average give or take and have this ramp into the end of the month which takes us back up through. one of those two things i think is going to happen. >> four times in the last year we broke through the 50 and the 100 day in the s&p cash. for the first time we have been dancing around this 50 day. we needed to test the 1 hyund0 . we did that today. most people want to actually visit that mark. so they feel better about adding stocks. >> so the bottom -- there are a lot of levels you just threw out. the bottom line is as scarey as today was, you want to see the market go lower to have that swoosh that would make you feel comfortable going back in?

>> i'm actually okay if we pearce the 100 day slightly and hold the 1800 level. i'm okay with that. >> the problem is if you start to pearce those leaves and people still are unclear why they're selling offment markets tend to feed on themselves and i think you can get down to that 1760 level. if we get a big swoosh tomorrow, i would would be covering. >> you were a big buyer of a lot of these names. i'm trying to understand what has changed. i don't think anything has changed. >> a couple different things. two weeks ago i thought we were going to have a meltup. i said i was wrong about that. this morning something was wrong with the market. at 3:30 this morning there was something wrong with the market. on bounces, i have been selling out of those momentum stocks i was wrong about. i own two or three left with

puts on them. >> sell stocks thesis, that was the call back on monday generating hundreds of comments and a lot on twitter. it was one of the most visited posts on the site. we brought dennis back. dennis, thanks for phoning in. we appreciate it. where do you stand now? >> same place i have stood since last friday and again on monday, neutral. i have gone to neutrality. i have been with stocks for a reasonably period of time. very simple things. friday, as i said, somewhere between 11:00 and 11:15 the switch got flipped. i still don't know what that switch was, but something material happened on friday. we continued on monday, and today i'm sad to say devastating

if you're a long term bull. i think the bull market is intact. i will not be short of stocks. it may be months before i am. neutrality seems to be the right place to be and cash seems to be the right holding. i'm going to stay there. we heard a lot about the 2 hyund00 day average in the s&p. we have gone down looked at the 100 day moving average. we're there again. today was terrifyingly bad, very, very poor. we got down to the 100 day and take a look at the 200. everybody wants to see a 10%. even if we got to 1860. >> you said you were looking in getting into gold. it was surprising given the market pullback.

half a percent on the session. would you still look to get into the goal? >> yes. i think so. i was really quite impressed by both gold and crude oil today holding as well as they did. crude only being down 25 cents in wti and gold holding nicely above 1320. that was really quite impressive. i think you have to be -- if you're owning cash, you want to go to the side lines, perhaps, owning a bit of gold is not a bad idea or a commodity or two. for the public, go to cash. i think it's the right place to be for a month or two, maybe even three. >> you say that we might look at 1760 on the s&p 500. why not short this market? why be neutral? >> because it is a bull market still. the highs, we have made consistent new highs and the lows have been consistently higher. i know there's only three

positions. i'll say it again. in a bull market, you can only have one of three positions, really aggressively long, pleasantly long or neutral. this is the time to be neutral. there will be a time at some point in the future when it will be correct to be bearish. that will be after, if we ever do brake the 200 day average. >> we want to answer a question i think a lot of people are asking tonight. would you use this pullback to buy anything today? would you look at stocks? not to buy tomorrow but down the road? tim, kick it off. >> first of all, the trade that's been working has been long energy, short technology. i'm going to say tesoro, well below mid cycle. 3.7, 3.8.

they have a competitive advantage over the european. toyota, tm, this is a stock every global auto company is ditching sinking it right now. around 100. i thought last week was interesting. i'm glad i didn't buy it. amazon, talk about high fliers and the names that have fallen. i think if it breaks 300. 250 is the level i believe. i hate this expression. how do you feel about back up the truck? >> oh. >> that's right behind baby with the -- baby with the -- >> bath water. those hurt. >> jujitsu to you, my friend. >> bk. >> i wouldn't want to back up the truck on anything at this point in time. i do think there's something wrong with the market. there are a couple names i would look at for specific situations. both these names have to do with ukraine, have to do with russia. if there are some gio political

tensions. the other one is andersons. ande, up today on a take. if something does happen with the agricultural supply, andersons will do well. >> you don't want to flow the baby out of the bath water. >> ridiculous. >> you didn't say that. >> i did not. >> you did. >> this is a market of stocks. >> not a stocks market. boeing's business doesn't change. their c-17 planes are coming out sooner than expected. i think we're going to have a great quarter out of them. it's really interesting. it's where we have held before. i think black stone makes sense. i don't think their business changed fundamentally either.

now you have a stock trading to $30. that was a number we bounced from previously. new mining, i do think there's something going on in gold. >> you're nuts. >> i said it because i said it right. i think that. >> there seems to be -- there's weakness in a dollar i can't put my finger on but i think it's going to lend itself to gold. >> i came to you last for a reason. >> because i don't have anything. >> exactly. >> because we have all stated the fact that we're right around all time highs. that means the stocks haven't come in enough to give you the discount worth buying more. i'm fully allocated. i own my bank america and a decent chunk. remember when i had my initial position and doubled up. >> yeah. >> that double up was at 1633. it's not really at a discount for me to want to lift another leg. i only have two. to lift another leg and buy more. >> we have to think about that.

>> that i already have. i need a better selloff. i need a break. >> you have no power. >> i lack a lot of power. >> even if you had powder you would not buy. >> if i had -- >> all right. what role did twin blow ups play in a selloff like today? we have got someone that says netflix is going to $100 a share. tomorrow from jpmorgan and wells fargo. we have got every angle covered tonight on fast. be right back. why is our arizona-based company relocating manufacturing to upstate new york? i tell people it's for the climate. the conditions in new york state are great for business. new york is ranked #2 in the nation for new private sector job creation.

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. text stocks getting rushed. many technology hedge funds, are the big guys losses hurting the

average investor. john, aka flash is here with that story. we were talking about crowded trades. is this a case where we saw the losses and hedge funds are under pressure to sell more? >> i think it's possible. if you look at the later sent to investors last friday, they said they approached their draw-dawn target. they were down almost 10% and scaled back dramatically. if you look at lone pine and some others, part of the tiger family, they had very big positions. and price line was down 12% in march. we can't prove this but we know how these guys operate. it stands to reason some of them might have paired them down. >> so if they're blowing out of etfs then all the names are going to feel the pressure?

>> but at the same time, with co 2 they have got out of everything. so it's a similar effect. they're going to take risk off the table entirely. >> how come nobody writes stories about what all the hedge funds are getting in and they push these stocks to record highs? >> that's a fair point. we can go back and look. i'm not sure. i think co-2 has had these positions on the same point. but they have added up and some down. >> you have volatility in the market. the stocks all over the board. i know there's copy-catting. this is a great time to be a long shore player and i think the cream rises to the top. i think the etf's is not a new

phenomenon. >> these guy are selling everything, right, just to get exposure, there must be something there. time warner, 21st century fox and cbs, some people said there's got to be a connection there. >> you have cited biotech has had a terrible day today. but your theory was people were using the etf. >> it's just my theory. i don't know that to be the case. but i do think -- if you look, they have all gotten whacked. it's the news flow out of individual stocks. some cases it's been very good. but collectively they have gotten smoked and i think it's because a few people are getting out of the etf and dragging the stocks down with them. i don't know if that's true or when it ends. i think in terms of biotech,

that creates tremendous value at a certain point. >> jay jay, thank for coming by as always. flash. >> uh-ah. >> nice. netflix continues to get hit down about 24% over the past month. one analyst thinks it's going to 100 bucks a share. great to have you with us. >> thanks. >> what's going to -- none of the fundamentals have changed on this story, correct? >> the fundamentals have been in a long term decline. last year we saw revenues grow 17% while costs grew 23% over the last two years. the fundamentals have been in a long term decline just something the guy have been wanting to pay attention to. >> can you consider this your way or your path to a victory when we're watching a lot of the momentum stocks get taken down

by just as much as netflix as seen. >> we have worried about momentum stocks. it's like musical chairs. it's great until the music stocks. offhope you own stocks with real cash flows and survive when the momentum goes away. well, my big point now is that i think the momentum is gone and now we're going to trade on fundamentals and that's bad news for netflix. >> when i look at netflix stock, help me to understand how you approach your targets. the last time netflix, last time it broke the 200 was back in august of 2011. it went down significantly. how do you play this name from a targeting perspective? a lot of people don't know how to short stocks. >> you know, we're not the trader type. you can run circles around me

with all the trends and lines and charts. we're going to look at cash flows, things that you can measure and trust and make bets on. when we run a model on net flex and look at the future cash flows are required to justify 350 bucks. the company has got to grow profits for over 20 years. i think we would agree that's ridiculous. 100 bucks is about right. that's a single digit growth for maybe five or ten more years and that's how you get to $100 and i think these a fair expectation for a company completely boxed in. just the other day, now yahoo is in the streaming entertainment. amazon is in there and apple. these are much bigger company that is can put more and more pricing pressure and turn them into the digital version of the public library. right? >> thanks for your time. >> thank you. >> david trainer.

this brings up a more important question. at this point with the momentum dissipating from the markets is it time to short the names? if you wanted to short them before, you would have gotten your face ripped off the record ten times. >> i think it's tough to short momentum here. if you want to short netflix, wait for a bounce. they have gotten killed so much. there's a risk of a snapback. >> they're worried about what are they going to do on spending content. at least the success was very good. there is some fundamental argument and this is what david is going after. i think there are a handful of momentum names broken and the party is over. we're going to talk about one tonight. >> to his point, trying to short stocks with historically high short interest doesn't work out well. not to say it can't go to 100. i don't think it's headed there.

just doesn't work. if you want to get short names, to get short names without the short names like cart pillar, ibm, i would be more comfortable with those shorts where you're not going to get smoke and get them moved to the down side. >> does the key to whether the selloff continue with bank earnin earnings. later, the two charts you need to see and why there could be much more pain ahead for stocks. stick around. you're watching "fast." mine was earned in korea in 1953.

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thanks thanks thanks thanks than . major selloff in the market. chasing wells fargo earnings

tomorrow morning. could this mean a market turn around. kayla. >> if you were hoping for the banks to turn it around, you're out of luck. the top of the heap per analyst is wells fargo is 96 cents a chair. up slightly from last year, revenue expected to be flat. it's expected to get its estimates raised by wall street. the year includes the home buying season. and yields going up throughout the year. that means they can earn more on each loan. wells could surprise to the up side tomorrow. that would be just that, a surprise and only if it cuts a lot of costs or if it sees a benefit from having enough capital stocked away. banks like jpmorgan have been setting capital aside instead of reinvesting it.

now when jpmorgan reports tomorrow, wall street expects earnings of $1.40. and management at this point has warned that re will be lower and cost cutting mode and mortgage activity and corporate refinancing has slowed. it said that weather has hurt trading revenues and weakness across the board. cutting estimates for all universal banks. maybe in the upcoming quarters the head wins are just too great and we could see a surprise. but it would be that, a surprise. >> thanks for that. i'm not going to go to you bk, because you didn't like 3% higher from here. tim. >> i think expectations are reasonable. people aren't expecting a lot --

i think if you look at valuation to their pierceers, this is at discount. these guys have a lot of regulatory risk off their shoulders now. i think if you look at the rest of the sector, not everyone can say that. i like the numbers. it's pulled back 7%. i like it over a couple years for sure. >> i know your heavy bank of america. are there other financials on this pullback? >> city group is gaining attention from me because i think people feel they have the quarter after quarter. you might have a baseline to buy citi off of. >> ibm, now is the time to buy big blue. take a listen. >> i think this is the case where ibm has been asleep for the past year, year and a half because of the lack of revenue growth. but i think these going to turn. i think the global economy is getting better and the multiple ibm is too low for the quality of the company especially if revenues start to grow. >> on the other side of the

trade is guy. >> yeah. good looking guy with the steely blue eyes. >> brian marshal. >> brian marshal. >> really? >> i can't say that? >> i'm just asking the question again. keep going. >> he'll say the same thing if the stock goes down over the next week and a half. he's allowed to do that. >> he's a long term investor. >> i'll take a victory lap. that's the difference. they have legacy hardware issues. and don't nearly have the visibility they had 18 months to two years ago. they're revenues have been declining and their business is at a point where you can't turn the ship around quickly. they report on april 16th. i'll still sell it right here. >> up next, we have got the important charts you have to see. and tesla shares feeling the heat with the rest of the nasdaq. is this a buying opportunity?

after the break, it's a street fight between tim and steve. get ready. approved to treat symptoms of bph, like needing to go frequently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any allergic reactions like rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a free 30-tablet trial.

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welcome back to "fast

money." we are live here in times square. jitters on walls street following today's big selloff. the pros are watching the levels. chief market technician is here with a couple of charts that you need to see. carter, what will they? >> i have two charts. i think it's important to say that despite all the fireworks have little has happened. equity measured by the s&p 500, we're at 3.5% and that is nothing. we think there's plenty more to go. here's a chart long term. since we are at all time high it's a good perspective. if you were to draw a line along the lows of the 1980 recession, also picking up the 1987 crash and picking up the lows of the financial crisis in 2009 and you were to draw parallel lines along that same trajectory, you can see clearly that there are levels that matter just as we were able to reach the high of this formation back in 2000.

we have been so strong in this current market that we took out the highs of this upper channel and this is exactly where we're starting to stumble. hold that thought. look at the second chart. this is the channel we have been ascending since the bull market began. this is the low of '09 and you typically will vas late within a channel. but year two we got above the upper man of the bull market channel since it began. the presumption is we're going between the middle and the bottom. we're down 3.5%. if you go to the middle of the channel we move to about 1675 for a 12% high/low selloff. if you were to go to the bottom which we did in 2011, it's exactly a 20% decline. that takes you down towards 1520. put that in a longer term

picture. a move too 1675 would bring you to just above the top of this second bin. we think that sort of thing, a garden c garden variety, 12% is a typical giveback. 12% plus or minus. >> but the market really haven't given us an opportunity to sell offso aggressively like that. where do you start buying stocks. sit 1800 or 1706? >> i think that's way too early. what's kept the market numerically unchanged despite 20% selloffs has been the rotation. we know big names like ibm and at&t have taken the capital. the damage is substantial. we have lost leadership and the presumption is that the money will not continue to go into ibm and at&t and continuing to exit from these high flier that is in principle have questionable

valuation. >> thank you very much. carter braxton. what do you think? >> that first chart he showed if you use standard deviation you see there are two standard deviations away from a long term. he's saying 10% to 15% is garden variety. when it's down 10% or 15% don't be afraid to buy it. >> it doesn't feel that way, you're right. i think if you look at where the charts are, this is probably a place where you take a breath. that means industrial, materials, which offer extreme value here. i think you have to be looking. the global economy is not dead. i think it's better than people think. >> time for pops and drops. we got a drop for whole foods down 4%. >> this chart looks like a stop flailing to me. down 14% year to date. if you wanted to take a flier out on it hoping that the market

firms up right at this level, i would buy 20%. keep it on a short leash. $49 is your stop. >> this was a good winter to be selling cold and flu medicine. if you're lucky enough take the profit. >> down 4%. ally financial. >> this is too dicy and volatile. let the dust settle until late spring early summer. >> got a pop from mcdonald's. >> i like for today's market. it was a value call and relative to burger king. that's moved 6% in the last three days. 17 times, stay in mcdonald's. >> we got a drop for tesla. shares down about 5% today. so is this a buying opportunity? time for a good old-fashioned

street fight. >> you're up. >> look at tesla. they're expanding it to china. they're expanding models. you have the suv model x and the model e which is more affordable vehicle. but people are evaluating the stock as a text stock still. you know what i'm focused on technicalsment right around the 205 level is where you can step in. >> we're talking a market plunging and won't make money for the next couple of years. they borrowed $2 billion. this is a disruptive technology. even by 2020 if you hit your targets growing production ten times by then, you're only going to be .6% of the auto industry.

if you look at -- gold man's got to point out where they have $200 target at six months on tesla, they put a 20 dollar target. some of the parts should be applied to storage. it's not 150% which is the multiple people are putting on it. destructive technologies take decades, not months. they have an enormous amount of work to do at no competition. the momentum is broken. why do you run into the stock at these levels when you see a valuation in a company that really has a lot to prove is very early in the game, it's a dangerous time i think to be jumping into this. >> i want to ask grasso at what level are you a bull on tesla? i think people listened and that is that you would not step in and buy the market. >> first of all, you watch the stock that traded up from the

200 level. this traded up to $267 or thereabouts. you see a big retracement. if the market does hold, tesla is going to hold as well. i understand there's ha rotation out of the momentum plays. >> but you have to see that in order to stick to your -- >> i don't think you need to rush in and buy 100%. if it doesn't hold 185 and call it 190. forget about it. you have the fundamentals dead on and the stock would still lose money. >> tim has been right on this spot on. >> i have been right in the past two weeks. >> room enough for both of us to be right. i said 194. >> you're right. >> this is not the way a street fight is supposed to work. somebody is going to win. >> there's money to be made in

this name and it gives you opportunities. >> that means a great trading name. >> anyway, back to guy. >> guy. >> i have got to go with tim. i said the next round of news fold would be good. i thought it would bounce back to the 275 level. didn't help. >> i like them both. >> what? >> i wouldn't buy here. i sold mine at 225, 226. i think i would wait until 175 before i take a look at it. >> all you out there, tweet #bull and the winner later on this hour. the index soaring over 15%. options traders betting on more volatility ahead. take a look at the dow heat map. as you know, lots of red across the board, stay tuned.

as you see, markets across

the board and traders are bet egg ing on more volatility. >> you're right before when you said vics was up 6%. i would call it a healthy day and not a crazy day. we had three calls just over three, trade for each. now buying calls makes sense if you agree with carter. best example was we saw somebody buy 8,000 of the calls and paid 65 cents for those. they're break-even is 2065. they see it above that level at the may expiration. at 2065 that gives us an interesting level. 2125 going back for the last 12 months. this call buyer is trying to protect their portfolio and going to take another run at the

20.25 level. >> the markets will be whippish. not necessarily down. >> right. >> not necessarily up. >> i like this trade. the other thing you can do is make it into a call spread on a down day. you sell the 20 calls against that and take it off on a good day. >> yeah. i think if you look at the market action, i would not be surprised to see the market up tomorrow. even the biotech index, the nasdaq biotech bounced towards the end of the day at 200. it doesn't happen in one day. >> scott nations, thank. you can catch more tomorrow and check out the website cnbc.com. earning season kicking off this week. companies playing a game of lower expectations. we'll tell you the stocks you have to watch while you head into earning season next. ♪

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our next guest has spotted a trend in company earnings that could have investors questioning good news. targets in order to beat them. let's bring in senior director larry mcdonald. say it isn't so, larry? it sounds like what companies do

all the time. >> it's fascinating. david pointed this out a couple quarters ago. when i was growing up in the business, if you looked at earnings in the quarter it was always 50/60 and the companies that beat -- excuse me the companies that warn versus beat. now in the most recent data it's versus 15 raises. companies are massive lower earnings expectations into the number. >> how does this selloff play into the phenomenon. the more we sell off maybe just meeting the estimates is going to be good enough. >> we developed a trading strategy around the new edge for our clients n ha normal market with 4 trillion of qe this is a good trading staj whrategy, whey announce the lower you buy that. when they finally report the next quarter, the company massively is up 10% to 17%.

in the average these names were up 8%, 9%. i think in this kind of market that we're experiencing in the last week, this really -- you've got to rook at this with a grain of salt. you have got more volatility. >> what are those stocks you're watching? >> the couple of weeks is urban outfitters and first solarment first solar and then warned. stock went down 8% or 9%. now over the last week before today came back to that level. so in other words, you had a big draftdown and a big move up. same thing with urban outfitters and then the market starting -- i think the market is starting to get this game and the market is starting and more and more people are buying that warning. >> i feel like kitchen sinking it is the norm. >> it's the norm. but i mean, your point is whatever they do they beat

hopefully. but they're downgrading their buys. i get the sense the bar is so low going into the quarter. i kind of feel positive about that. i think that's really -- when i look at volatilitvolatility, th somewhat encouraging. this pullback i think is staged quite well. >> last quarter 80% of companies beat earnings. if you're looking at the data most of those were lower than expectations. this quarter the bar is even lower than last quarter. as far as just earnings go if the market were normal, it would be a good time to buy. i think certain sectors -- biotechs i think could be a good short term bounce. but other sectors have a lot more bleeding left. >> i want to ask you about biotech. as a going to earn season, are you optimistic here? >> cash flow better than anybody

out there that rivals big cap pharma. i think i am optimistic. my premise has been the etf is driving the stock. they're cheaper than big cap. i do look it as well. >> are there sectors in terms of going into earning season and them lowering guidance? >> i guess the retail said, as he said urban is a pretty good stock to look at. i would be watching the whole retail space based on seasonality right now. if the market continues to crack, all this is thrown out the window. all this analysis, we wind up just -- >> it is a normal market analysis. >> thanks for coming by. coming up next on "mad money," cramer scored an interview with the ceo.

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early in the show we witnessed the fierce face-off. a street fight on tesla. who is the victor tonight. you all voted for tim. the ultimate victor. >> nice job. >> time for the final trade here. big day tomorrow after today's big selloff. take profits in the long eem short spy trade. take some profit. >> brian. >> i think you want to stay away from the stock market and go to natural gas. ung. >> green today, hpq was. >> guy. >> big lots, very interesting price. real quickly. >> yes. >> quick word out there for a friend.

jujitsu times eight. >> no one likes a cheater. >> i'm melissa lee. thanks so much for watching. we'll see you back here at 5:00 tomorrow. you won't want to miss "mad money" 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 trying to save you a little money. my job is not just to entertain but to educate and explain. so call me at 1-800-743-cnbc or tweet me @jim cramer. today we need to go to athens and beijing if we want to explain the meltdown in new york.