>> 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. dow tumbling 267 points, s&p

plunging 2.09%. nasdaq nose diving 3.1%. its worst performance since november of 2011, because if one thing's for certain, you won't find many explanation for today's hideous action on wall street or main street for that matter. frankly, this was without a doubt one of the most mystifying days we've had in ages. in fact, if our country traded in a vacuum as if we were the only country in the world and so many hedge funds weren't being knocked through a loop, i'm actually confident we would have been higher today, not down and not down terribly. that would have been the rational course of action in this nasty session judging by the last couple decades of trading. why do i think we could've been up with the domestic set of facts on hand and not down hideously as we were? because the two biggest pieces of news in america today, america, were positive. the first, how about the lowest jobless claims number in ages? that's right, jobless claims went down by 32,000, just

300,000. do you know that's the lowest since 2007? yeah. we're finally back to where we were before the great recession! now, you think the market would cheer an economy that's finally generating jobs. i'm pretty sure there were people who thought we'd never get back to this level of job creation. that's how dismal and negative the collective mindset of america has gotten. but cheering an economy and cheering up a stock market are two different things. when we finally got what we wished for, people suddenly sold stocks. now, normally, i'd say i get that, i get the scenario typically when the economy improves, interest rates rise, right. so the stronger competition from bonds knocks stocks down, particularly the ones that have good yields, right? they're no longer competitive. that's been the pattern i've seen since 1981. but it's not what happened today. no, in a total perversion, bond prices screamed higher and interest rates plummeted on

strong u.s. economic news. best hiring since the great recession, yet rates falling off a cliff. i would have said that's impossible if i hadn't seen it with my own eyes. the second piece of good domestic news, how about the smallest march federal budget deficit in years. and a cutback in spending created that minor miracle. the only thing that's caused more hand wringing among many critics is the budget deficit. even if it's one month, though, you have to admit the best march in 14 years is a good thing, not a bad thing. another reason to cheer for stocks? apparently not today. >> boo! >> now you might ask, did something happen perhaps in corporate america? not that big economic stuff. corporate america, that could possibly have triggered this decline? well, let's go through today's news flow. did any company of note report earnings? actually, two did. the first was rite aid. how did it do? best quarter in memory. that's not the reason we sold off. then, again, bed, bath & beyond reported a tepid quarter. i dropped a ton of money at the

chain's division, i don't think that bed bath is a difference maker that could cause all this red on your screen. so let's see, no macro news, no corporate news to justify the decline. nothing broad, nothing narrow to explain it. when we draw blacks on a lack of domestic tranquility, we have to go overseas to nail down today's lunacy, i am calling it lunacy. first stop, let's go to beijing. we've had a parade of truly horrible numbers coming out of china. you know i talk about it constantly. we all know that. but last night, we got a set of bad numbers, 6.6% drop in exports and incline on imports. i would have thrown up those pesky little tasteless quinoa flakes.

to me, these hideous numbers let you craft a thesis that said china's falling off the global grid. it's an export nation that isn't exporting. it's a traditional importer that's stopped importing. both of these events are blatantly deflationary. keep that term in mind. deflationary environment isn't necessarily good for stocks as companies do need to be able to raise prices everywhere to increase their earnings. well, they want to sell more, but raise price. given that we're an earnings season, we don't want to start hearing that china's not doing any business. our companies need china. if they aren't exporting, where the money's going to come from to import? this time let's go to athens, greece. here's a country that was the butt of many jokes just a couple of years ago, a bankrupt nation that put the western world through not one, but two bailouts. a profitable group of tax dodgers who had no game whatsoever. last night, the government, the greek government sold about $4 billion in five-year bonds with

a yield of 4.75%, 4.75%. at one time, that was obscenely low in the united states. but greece, a deadbeat nation pays only 4.75%, that is ridiculous. you get no upside and very little return and a ton of risk, maybe another default lurks, wouldn't be the strangest thing. who needs that? i'm not going to get any upside take on default risk. i might as well buy bonds from the united states. the country with the shrinking deficit, less issuance, not more. the one where people are hiring again. the one where i have a natural buyer, the federal reserve right alongside me. if i change my mind, i want to sell -- and lo and behold, that's exactly what happened today. on a day when we have the best employment news in seven years, interest rates cascaded lower. that's not supposed to happen. and it wouldn't have happened if not for economic uncertainty overseas and a lack of quality

bonds to own anywhere because believe me, greece is the highest return you're going to get, sovereign debt. yes, the search for yield is so palpable that one group of stocks actually managed to withstand today selling onslaught to some degree. and that's the dividend names with decent yields. so how powerful a draw is yield here? how badly are people searching it across the globe? get this, it'll put it all in context for you. consider two stocks. consider chipotle mexican grill and mcdonald's. chipot chipotle's a serial outperformer. the key metric for restaurants. mcdonald's is a serial disappointor that other restaurant chains are actually making fun of in their ads. yep, chipotle the company can do no wrong, and mcdonald's the company can do no right. how about the stocks today? chipotle with no yield got crushed, down $22 and change. mcdonald's with 3.26% yield, better than bonds after taxes

rallied up $1.08. talk about a demonstration about the power of dividends. now, which companies, there's a bit of a riddle, have the least prospect of paying these now beloved dividends any time in the not too distant future? how about development stage biotechs and software service cloud-based tech stocks. these happen to be the companies that have issued the most news stock or the highest ratio. i told you to monitor these insider, these bad ipos. we had ally today. a bank. holy cow. that didn't work. sure enough, which stocks were hit the worst today yet the biotechs, the clouds and the banks. remember how earlier this week i told you about the forced selling by hedge funds? well, guess what, that was back today, too. in a huge way. not at the opening, but continued to get worse all day. the selling of the nonyielders for the high yielders made the market feel like quick sand. and these fund managers simply dove right into it.

and that's how you get this kind of debacle out of u.s. stocks into u.s. bonds all one sickening vacuum the whole darn day. here's the bottom line, today was a day where everything went wrong in the u.s. stock market, even though everything went right in the real market, the u.s. economy. you just wouldn't know it unless you visited t eed tiananmen squ. >> caller: hey, cramer, university of florida gator boo-yah to ya. how are you sir? >> tough basketball boo-yah to you. what's up? >> caller: i know. it was tough. >> it was difficult to watch. >> caller: listen, my question's about mid cap industrial hertz global because it's not a high flier or biotech or momentum stock it's gone from 27 to 28, back down to 26.50 since january. is this an ipo glut or healthy profit-taking or emerging market exposu

exposure? >> it was just profit taking. it's a good stock. a company doing a restructuring. i love these companies restructuring. but remember, united rentals down ten straight points and hertz is getting rid of. going to be splitting off that rental business that is this kind of construction. and that's -- that whole group was under a lot of pressure today. let's go to jeff in my old home state of pennsylvania. jeff? >> thank you, jim, for helping so many people and giving so much of your time. >> thank you. >> if more people were like you, the world would be a better place. >> there are people who are -- who do a great job in this world. but go ahead, thank you, thank you. >> i'm interested in one of the many energy companies. got a downgrade, is it one of the good ones or one of the bad ones? >> look, i like him, i think apa apache's fine. that's a terrific company, it's got a little yield protection. chevron, down very badly today, my charitable trust owns that one. down off an interim update where that's got a good yield, too.

both of those are preferable to owning apache. rocco? >> jim, at the moment i am a current owner of amazon. where, in your opinion, do you see this stock heading? is it a buy? is it a hold? or is it a sell? >> it's a very tough stock to own here because, remember, i've been saying that amazon is a cult stock not unlike solar city and tesla. and what happens is, the cult's a one-way thing. right now it's a hated cult stock, before it was a loved cult stock. it was difficult to game how high it can go or how low it could go. if you want to own amazon, deep in the money calls. i do like the company, but the stock got overheated. sam in california. sam? >> caller: good afternoon from california. i'm wondering, is it buy, hold or sell? >> which one?

>> gilead. >> today there was news that merck has a better pill, perhaps, for the hep-c pill that gilead's marketing. i think that gilead has a better pill. but no one even was thinking that merck was that close. and that's why gilead's down so much. understand, the biotechs are being incredibly hard hit, a lot of new deals in the space. you have to be patient if you want to own gilead. it was, indeed, a mystifying day when things went right on one front, the real market, the real economy. but everything went wrong in the u.s. stock market or so it seemed. when you take a closer look, the problems were not on our turf at all. up next, find out why one of my favorite bankers is back in the spotlight. and my way to play apple's latest breakthrough. also, american energy unleashed and on sale around the world. don't miss it. "mad money" will be right back. coming up --

>> sapphire lens. >> sapphire crystal. >> the sapphire lens. >> wait. what's with all the sapphire talk? new technology is taking the gadget world by storm, but you don't have to cash in your jewels to play it. tonight, cramer's got the best stock for your buck to invest in apple's latest advancement. plus, putin's problem. overseas tensions turn the world's attention to the idea of exporting american natural gas. and no one's further down the path than trail blazer chanier energy. coming up on "mad money." >> don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer #madtweets. send jim an e-mail to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com.

let me read you something. it seems that just about everyone has become a risk expert and sees risk behind

every rock. they don't want to miss it like they did in 2008. they want to be able to say i told you so and therefore they identify everything as risky. that gem, one of many you can glean from jpmorgan chase's ceo jamie letter. or more specifically, those who sell on days like today. diamon's letter chiefly about the landscape and how it has changed. more accurately scared us. although, he can't bring himself to say it. that's my view. the greedy screw-ups by businesses, bankers, back then, has led to a backlash against capitalism. that plus the partisan warfare produced a world where earn's scared of his own shadow and given the harsh nature of the new world where regulation does lurk everywhere and compliance costs are sky high. it might actually not be worth investing in anything remotely risky.

confidence low, high and justified other than as he points out in silicon valley. everything from the amount of cash everyone holds and seeming aversion to debt, the principal merchandise that a bank offers to tax and immigration policies that make it daunting to do business in this country. but i keep coming back to the notion of risk that paralyzing everyone but silicon valley. and in particular, the risk aversion of those who invest in our capital markets. put simply, managers of all sorts would rather cry wolf with the idea that there is a wolf, they would rather say the sky is falling, betting on a falling sky than to bet positively on the future. particularly, again, on days like today. ask that more than anything else is why i believe stocks can actually still work their way higher here even after the beating we took today. as long as people clean the cash, shun debt and try to look like they've got it right for the next financial apocalypse even as we just had one a few years ago and have ample

controls to ensure it doesn't happen again, this market has too much pessimism to roll over. remember, it's only 3% off its highs. it's ironic, but the pessimism seems plausible because despite diamon's homage to a positive future, including an odd reference to martin luther's line, diamon paints a picture that doesn't seem positive at all. potentially positive but extreme extremely etherial. you want to disagree with him, especially after a recession. but to put it simply, the pessimism seems placed and not misplaced, which makes the opportunity in spotting those who don't feel this even more bountiful. that's why diamon's letter is a must read. it's a document that aids the bull, but it's filled with negative instances and data that make you want to bet against risky investments like stocks.

in short, it's the perfect letter for the moment. one that should force you to take more, not less risk because you don't want to be the guy who always fears what's lurking around the corner. since, alas, it already lurked and is now mercifully behind us in the rearview mirror of reality. after the break, i'll try to make you even more money. coming up -- volatile mix? the father of the market's fear index reveals what the vix could be signaling about the market's next move. and later, can american energy help call volatility overseas and in your portfolio? don't miss cramer's exclusive with cheniere energy all coming up on "mad money." up on "mad mo" >> when money talks, it comes to cramer first. >> why are you bullish on our country? >> we see the huge energy potential in the united states. >> i think we need to get after it. >> in our industry, you're

either riding that innovation curve or you're not. >> my message is, don't bet against us. >> watch "mad money," and be the first to know. first to know. aflac. ♪ aflac, aflac, aflac! ♪ [ both sigh ] ♪ ugh! ♪ you told me he was good, dude. yeah he stinks at golf. but he was great at getting my claim paid fast.

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i can finally be in two places at once. helping to protect your business is our business. adt -- always there. ♪ i ♪ and i got the tools ira ♪ to do it my way ♪ i got a lock on equities ♪ that's why i'm type e ♪ ♪ that's why i'm tyyyyype eeeee, ♪ ♪ i can do it all from my mobile phone ♪ ♪ that's why i'm tyyyyype eeeee, ♪ ♪ if i need some help i'm not alone ♪ ♪ we're all tyyyyype eeeee, ♪ ♪ we've got a place that we call home ♪ ♪ we'll type e ♪ all week, we're counting down our favorite stocks by price range. the way this countdown works, we look for the year's best

performers in each price bracket. started with over the priceline, then the $100 to $500 names, harmon international. then the $50 to $100 with spirit airlines. and today, we're looking at the best performers that are in the $10 to $50 space. i haven't been listing the best-performing stocks in each of these groups. here on "mad money," we believe in stock picking and discretion so to speak. i've been looking through the list of the best performers and picking one stock from a list that i think has the most upside potential for the rest of the year. so tonight, we're looking at the strongest names for 2014 that are now trading between $10 and $50. and the company i like the most on this list is we're all speculative as we looked at the best performers is gt advance technologies. gtat a stock up 85% since the beginning of the year, not to mention the fact it's rallied 340% over the last 12 months and, of course, is now being slaughtered because, well, it fits that category of stocks that don't have the big earnings

or dividends. so then why the heck am i recommending a stock that's already run so much it's now so dangerous? haven't we already missed the move? more important, given that gt advance technologies is a small company, not turning a profit, isn't it a little too speculative to talk about? oh, true. all that's true to a degree. gtat has rallied enormously. yes, it's for speculation only. which means under no circumstances should we even consider paying up for this one in afterhours. but here's the thing, the company does have a terrific story to tell that didn't end because the nasdaq was down so badly. and for weeks, i've been waiting to catch a pullback. catch a pullback. and boy, it got clocked today. sent the stock down $1.16 or 6.7%. if you can get gtat for $16.10 where it went out today, then i think it's worth buying. again, only for speculation and not all at once. if you want 100 shares of this one, buy 25, then wait for it go down another dollar. the thing is, it is the stock

that's being wrecked. not the company. why do i like this name so much? okay. historically, gt advance technologies has been a maker of equipment that's been used to produce solar panels and sapphire based light emitting diodes. think of it like this, for those of you studying for the s.a.t.s, gtat is to solar and sapphire l.e.d. industries as a semiconductor equipment maker like applied materials is to the semiconductor industry. and the sapphire space really started heating up about a year ago. here's the thing, as long as sapphire was only being used to make plain old l.e.d.s, the reason gtat shot through the roof and why it has more room to run perhaps after it digests a bit of this run is because companies like apple and samsung have come up with novel uses for sapphire. which, by the way, is one of the hardest materials on earth,

second only to diamonds. scratch resistant and insanely durable. if you happen to own an iphone 5s, guess what, the home button on the bottom, that's made with fancy sapphires l.e.d.s. and apple uses sapphire to protect the camera lens. samsung is using sapphire l.e.d.s for the screen in the smart watch. these moves are what propelled the stock higher last year. but the game-changer for this company came in november when we learned that apple partnered with gt advanced technologies itself. gave these guys a $578 million loan to build a big synthetic sapphire plant in arizona. they'll be able to supply them with sapphire for years to come. gtat has been on fire. they've doubled in the last few months since they linked the deal with apple. this partnership is absolutely incredible for gtat's numbers. consider, this company generated a little less than $300 million in revenues last year. for 2014, though, forecasting

anywhere from 600 to 800 million. with 80% of these revenues coming from the sapphire segment. do the math, at the low end of the guidance, it will double year-over-year. at the high end, looking at an astounding 166% revenue increase and a huge portion of that is thanks to the apple deal. an arrangement expected to be cash positive and additive to earnings. we're not doing a fly by night company here. now, these numbers are impressive. but even they don't explain the full story. ever since we learned about the deal with apple, there's been rampant speculation that apple might, just might decide to change the material they use to make the touch screen on the iphone. right now, apple's using a fancy kind of glass made by corning. the trouble with glass, though, yes, it breaks. if apple were to switch to sapphire, the thinking goes they'd have to pay up more for more expensive material but they'd be able to sell you a product with an unbreakable touch screen. if it's made of sapphire, it won't crack. and if apple ever makes that

decision, you better believe it would be a gigantic positive for gtat and the stock would roar higher than it is right now. in a way, though, this is in gtat's hands. if they can figure out how to produce it cheaply enough with apple's money, apple might choose to make the switch. we know that apple's made patent filings suggesting iphone 6 could have a sapphire touch screen. and we know that corning has been out there blasting them using it suggesting they're worried about it being a possibility. there's no guarantee this will happen. which is a main reason it's for speculation only. now, last month, gtat had a pretty darn bullish technology day. they discussed these new products. that's when we talked about it last. we know they have remarkable revenue growth. i believe 2014 will be the year where gtat becomes profitable. this is a speculative name where you need to buy in small increments. it's a $16 and change stock that could easily trade down to 14 on

new real news because it's so volatile and that's what kind of market we have right now. i just want you to understand the nature of the merchandise i'm talking about here. here's the bottom line. when i look through the year's best performers in the $10 to $50 bracket, there's a lot of speculation there. i think the gtat is the one that has -- that really has what it takes to keep rallying. remember, though, the stock is super speculative. and the only reason i'm highlighting it here because i've said over and over again, i would like to wait for the stock to pull back. so when i get the pullback, i can't run. and we have an enormous pullback. if that pullback continues, this stock is worth buying in increments on the way down. if it shoots up tomorrow, be patient, keep your bat on your shoulder, take a pass for a moment. put it on your shopping list and we'll circle back if it comes down again. let's go to jim in washington, please, jim? >> hi. i have money invested in u.p.s. stock and my 401(k) plan. would it be a good decision to take money out of both of those plans and buy real estate? >> you know what, i can't --

we're talking about it today as being -- as wanting to buy it. it's got a nice yield, it's doing well. i don't think you should do that unless you have too much and you want to do an asset allocation. i cannot countenance the idea that it should be sold here. i think this is the stock people want. good yield, solid business, nice prospects. jack in washington? jack? >> boo-yah. >> boo-yah, jack. >> long time listener, two-time caller. i'm trying to get rich carefully. i've got your book. i really enjoy it. >> thank you. >> caller: my question is on siemens, s.i., they're seeking to discontinue their listing on the new york stock exchange. what will delisting do to a stock? should i buy, sell or hold? >> no, this -- the delisting means very little, not much trades here to begin with. it hasn't worked as a success story. i like buying an etf that is

actually of all the major stocks of europe rather than singling one out. but siemens is a good company. it's coming down like all good companies came down today. we're looking at stocks for every budget. and in the $10 to $50 range, i've got a speculative one getting hammered here. stay with cramer. coming up -- volatile mix? when the market gets rough, wall street turns to the vix for answers. and no one knows the fear index better than the man who created it. cramer sits down exclusively with its inventor just ahead. ad.

on a day where the averages just got killed, it's worth talking about the mechanics of the market.

specifically the way the volatility index, better known as the vix, sometimes called the fear gauge tends to shoot higher whenever the broad market gets slammed. and it sure did that today. now, i don't really like trading something along the lines of the vix. but lately, there's been interest in exchange-traded funds that mirror the volatility index. the problem, though, most etfs out there are not suitable as longer term investments. many are just trading vehicles that rebalance every day. and the commodity etfs that own futures can cause you to get slammed every month when they roll over the futures contracts. this is something we've been talking about for ages. and now there's a company coming out with etfs designed for the purposes of investing, not just short-term trading. i'm talking about accushares. that a few weeks ago filed to register new volatility etf and six new commodity etfs with the securities and exchange commission. these are exchange traded funds that are designed to work the way you and i think they should intuitively. one of the reasons i have faith in accushares.

they brought in the man who created the vix, also done some tremendous academic work exposiexpose ing flaws. tonight we got a chance to talk to him about what's wrong with the vast bulk of exchange traded funds. welcome to "mad money." thank you for coming on, sir. >> thank you for having me. >> okay. have a seat. father of the vix. let's go to it. the vix today started at 1398, spiked to 1534 and went to 1,589. what should that mean to our viewers who are largely individual investors? >> we need to be concerned about is why it made those moves. and i don't really understand it today. i didn't see any big news events. i've been traveling up from nashville. it seemed to be more technicals that were influenced. >> i agree with you, i talked about that earlier in the show. there's fear of unknown unknowns. i mean, this -- this gauge of

yours, get to in a second how you came up with it, is often a gauge of things we don't know that could go wrong, right? >> it absolutely is. and it's set. i mean, essentially set by the people who trade put options and the s&p 500 market. some information is coming to them and they become nervous about some issue and they run out and buy insurance. and that's what drives the value of the vix up. >> okay. one of the things that accushares is trying to do if you wanted a fair way to invest rather than day trade, you are developing that. can you explain the difference between what people are trading now versus what you're hoping to give them? >> absolutely. and you've had your finger on it for years now. but right now, what they're trading is futures indices. and future indices, the most popular ones are 30 days to maturity. and that future's price curve is

steeply in contango. >> we're not all students in your class. so you've got to use english. >> if you look at the nature of the future's price curve, the future's price increased with increase terms of maturity. it goes up. as you hold the futures position, that future's price is drown in down towards the cash index vix level. if you think about what they're doing on vix etfs, what they're doing is concentrating at the 30-day level. they get pulled down one day, pulled down the curve, they lose money, and then they rewrite the contracts at a higher price. and they get pulled down again. there are a couple of products, one article that i wrote a couple of years ago looks at vsx, which is the highest market cap vix etf and as of over the past, i guess, since its inception in january 2009, it's lost more than 99% of its value. that is incredibly bad.

now, if you think about the vix cash index level itself, it follows what is called a mean reverting process, it stays at 20%, spikes up when russia goes into the ukraine and then it comes back down again when the market becomes comfortable. there are a lot of times where the market's not doing much and vix just hovers around 10% or 11%. that's what people want to invest in. >> right. they don't -- >> it's not -- it does not go down over time. >> what i'm going to tell people, my take away and reading your writings is they just can't -- these investments that are currently available are not for them. >> no. >> they're for people who are professionals who don't have other jobs and get in and get out. and if they're using them for longer term, it's just wrong. >> it is plain wrong, and that is -- the point that i tried to make in that article is at the time that i wrote it, people were advertising volatility as an asset class, and these products as something you need to include with stocks and bonds

and your overall asset allocation. that's not true. while the correlation is usually negative and there's a huge diversifying effect, the expected rate of return is highly negative on an annual basis and used the history, it's about 60% of the year. >> and yours isn't defective. thank you for developing what you're developing. that's professor at vanderbilt university and the man behind the vix, which obviously is the big focus on today. stay with cramer. cramer. gunderman group is a go.

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we focus on the business and they take care of the logistics. ups? good going. we get good. that's great. great. great. great. great. great. great. great. great. (all) great! i love logistics. it is time -- it is time for the "lightning round" on cramer's "mad money." rapid-fire calls, play until this sound and then the "lightning round" is over. ared you ready, skee-daddy. time for the "lightning round" on cramer's "mad money." let's go with saundra in ohio. >> caller: boo-yah. >> thank you. how can i help? >> caller: thank you, thank you, thank you for making your book so understandable. but i wonder if you can tell me when do you expect biomarin to

start rallying back? >> it's under pressure from the ipos coming out. gilead rolled over. i spoke with celgene, lots of good things there. nobody wants to touch this group as long as there's so many good ipos. they have to stop. they haven't stopped yet. until they do, i don't expect biomarin to rally. marcus in georgia, marcus? >> caller: big boo-yah, jimmy. >> what's up? >> caller: i'm calling about carriage services incorporated. they have a growth rate. >> we've been faithful to service corp. here in the funeral home industry and recommend that numerous times. i've got to stick with that one. i think that's a very, very good stock. let's go to peter in new york, please, peter! >> jim, good afternoon. yes, i'm looking for your wisdom, your current wisdom on swiss energy. >> there's so many great we've had on all the time. it's a speculative play, but i

regard that as potentially magnum hunter was on yesterday. i think you go back over what they had to say by going online at cnbc.com, i think you'll like what they heard. i think that's a better play. let's go to bobby in california, please, bobby. >> mr. cramer, big boo-yah from lajolla, california. >> thank you. what's up. >> i was wondering what your outlook on biosciences is. >> the insider selling there has been horrendous. and i think, again, what i've been saying to be consistent here, the software's a service and biotech insider selling and ipos are just a curse on this market. and let's add ally which was a total bummer today. when we have this much supply hitting the market, watch out. there is not enough demand. eric in texas. eric? >> caller: hey, jim cramer, we want to wish you a big boo-yah

from san antonio. >> boo-yah! >> i like that. good sports town. what's up? >> caller: hey, our stock is glog. >> you know, i haven't looked at gaslog recently enough. and i've got to do that, particularly because when i speak about it, i've got to know what i'm talking about when it comes that particular part of the natural gas chain. so let me come back and, you know, you owe -- you and your boy, i'm going to give you a much thorough explanation. i think that's terrific. we've got to know more. and that, ladies and gentlemen, is the conclusion of the "lightning round." >> the "lightning round" is sponsored by td ameritrade. by t. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪

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ever since the russians just rolled into crimea, there's been a lot of concern about what happens if putin decides to cut off oil and gas supplies to ukraine, western europe, because russia's the number one source of energy. and that has finally gotten people in america to talk about taking our own bountiful gas reserves and exporting them. which brings me to cheniere energy lng, the lead player when it comes to taking our natural gas, liquefying it and shipping the stuff overseas. takes many years to build an lng export facility. but has a leg up on the competition because they're taking existing terminals and converting them for export use. cheniere building two facilities, in louisiana and another one in corpus christi, texas. the company had an analyst date

three days ago where they're talking about the permitting process, as well as the contracts they're signing to sell liquefied natural gas once the terminals are up and running. i've been behind the stock for ages, lng's given me a quick 25% gain since we last spoke to the ceo six months ago. let's check in with the visionary chairman and ceo, find out about where his company's doing and where it's headed. welcome back to "mad money." good to see you. >> thank you. >> have a seat. >> thank you. >> when we first heard about the kremlin in kiev, it was pretty clear that the media kind of didn't understand. because they know we have a lot of natural gas. they figure, you put it on a ship and send it there. doesn't work like that, does it? >> i wish. no, it takes many years to really, first, plan it and organize it properly. at least two to three years in the planning process. and then, if you have a good set and prepared carefully, it takes another four to five years to

get your first lng. >> you're talking about the freeing up of our natural gas is really something that could happen in 2020 other than your company, probably? >> well, i think it's going to come slowly starting in 2016 when our first arrives and probably we'll have our first competition late in 2018 maybe 2019. and it'll be a slow ramp-up, but it'll get there by 2020. i think we'll have four or five facilities with the ability to export. >> all right. well, let's talk about your analyst day. it looks like you really kind of laid out how it's all going. but there were surprises. our viewers knew that you had six trains and they weren't all spoken for yet. looks like things are heating up in your world. >> well, in the last three months, we've signed one more train. so we now have six trains sold. and between corpus christi, we're going to have a total of nine trains to export about 6 bcf a day. >> people said to me, jim, the stock can't keep going up. and i always say, not with the

same set of circumstances, but if they expand. if there's more liquids that can be shipped besides natural gas, then the progression of the stock makes sense. you're not standing still. >> no. we don't like doing that. in fact, you never stand still. you progress or go backwards. so, no, we very, very much focused on all the infrastructure that is acquired in this country. not simply for natural gas, but also for all the products that come with it. as you know, we have now gone in the last few years from having rigs drilling 80% for gas and 20% for oil to exactly the opposite. >> right. >> we're now drilling 80% for oil and 20% for gas. and you have the same rig count. 1800 rigs, i think, about 40,000 wells per year. that's an enormous amount of drilling. and it's showing in the results. the production of liquids is increasing just as fast as natural gas was increasing three years ago. >> but not all liquids are

allowed to be exported. >> that's correct. not allowed to be exported, but serious bottlenecks in south texas, for instance, where we've saturated the ability of the local markets to consume. we have saturated the ability of the infrastructure to move it to east coast refineries. so we're finding ourselves in a predicament now where the producers are looking at their outlets and they're not finding them. so it's -- i don't -- i can't tell you how many more months or years it's going to take, but no too distant future we're going to have some real issues about having the ability to find new markets, not simply for natural gas, but for everything else, too. >> but there's a clear take away, which is that those who worry we were going to have a spike in our natural gas, natural gas liquids because so many people going to do what you're doing, obviously seem very misinformed after both talking about the coming glut that's even worse and the fact that the permeating process, which you're detailing here is

much more difficult than most companies realize. >> i think people are starting to find out because as always, when you have an opportunity, people start asking questions. >> right. >> and slowly, people dig into the older, different issues and get to the bottom of it. it's not a secret anymore. the process is fairly fair. but long and cumbersome. >> but some people think your latest trains you want to do are way behind in the approval process. there are many others ahead of you and that could cause a screw-up. >> that's tremendous confusion. if you look at what the process is and this famous -- >> well, they are. page after page about it. >> it's a queue for contingent license. it doesn't give you the right to export until you get your permit. let me take an example. lake charles has received its contingent license for the

d.o.e. going to be ready to break ground some time this year, maybe early next year. late charge is not ready for another two years because they've just started. >> all right. so -- >> the permit. >> all right. >> so going to receive its permit way before, although they're behind in the famous queue. >> that's because people have been saying. we've all been saying. it's all happening too quickly and too good. but now i understand, you have the infrastructure, you're ready. >> once you have your permit, they can't slow you down. >> there you go, and i know you've got them. charif souki. okay, the deck so to speak is really long. but before you buy the stock up here, i want you to look at the deck from the analyst meeting. it's all available. takes time to read but you need to do your homework. stay with cramer. stay with cram. and what they've been through lately. polar vortexes,

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tough day when interest rates go down, bank stocks. two big banks tomorrow going to report. beware, we are not set up well for bank stocks. after this move in interest

rates that caught everybody by surprise because our u.s. data is so strong. like to say there's always a bull market somewhere, promise to try to find it for you here on "mad money." i'm jim cramer, and i'll see you tomorrow. >> tonight on the profit... good morning, i'm marcus. >> nice meeting you. >> i go inside a. stein meat products, a wholesale meat supplier in brooklyn, new york, that does $50 million of revenue annually. >> good burger. >> it's the best. due to high operating costs and razor-thin margins, stein is hemorrhaging cash. >> everybody you order from, wants their money in ten days. we don't have the money to pay them. >> i can't turn this business around... this business is two weeks away from closing. this 75-year-old company will close for good. my name is marcus lemonis. i fix failing businesses. i make tough decisions. and, frank, you are no longer the general manager. and i back them up with my own cash. it's not always pretty. >> perfect flavor. >> but this is business. [bleep] is gonna change. i do it save job