making a 50% correction. s-a-v-e. >> see you back here tomorrow at 5:00 for more "fast money." "mad money" with jim cramer starts right 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 not lose a lot of money here. my job is not just to entertain you, but educate, teach you, put it in perspective, call me at i-800-743-cnbc. tweet me @jimcramer. this setup couldn't be more visceral. it's goldilocks versus the three bears. with goldilocks liking cheaper

oil and the bears feeling threatened if energy doesn't go higher immediately. each day, one of the bears seems to roll over, crushing goldiloc goldilocks, and today papa bear just mauled her, sending the dow down 112 points, s&p down 12.5%. nasdaq down 1.4%. it was a nightmare of a session, because goldilocks looked home free before she was blindsided by the whole bear family in the last 20 minutes of trading. it was the goriest close of the year. you remember the story of the three bears. so let's put them in perspective, with goldilocks, who, of course, triumphs in the fairy tale, but these days tends to get waterboarded at least once a day, if not kept all night with lights and blaring rock music. each session, goldilocks faces off against a different bear, and today the russian papa bear mauled her and her happy ending. no happy ending. however, i don't want to get too ahead of the story. let's take the bear serially, so

you know what kind of gauntlet this kid has to go through. first is the baby bear, that's brazil. here you have a company with a gigantic national oil company. they just came out with a whole bunch of negative news about delayed financials. the key thing you need to know, it's cutting its exploration and production budget to preserve cash. it's more corruption than oil. i don't know if the cuts are enough to save the company in its current incarnation, which has over $100 billion in debt, much of it owned by moronic foreigners. given that brazil's government owns more than 60% of the company, i don't think they'll let it go under. its reserves are tremendous, maybe the best in the world. but as oil goes down, you have to say, so what? the bills may not be paid. the default might ensue. and baby bear has the edge on goldilocks on the day when we see that happen.

okay. now, who's the mama bear? that's nobody else other than the u.s. mama bear is those oil companies here in the united states that owns acreage in the marcellus, theback, the permian. every american producer needs oil to go back up, but some of it need it a lot higher than others. any company that bought acreage in any of those shales over the at last two years is the equivalent of a homeowner who bought their house in 2007. you paid too much. you're likely to have your house repossessed. mama bear is going to do some serious repossessing as the cash flow runs out, the drilling budgets get slashed, and the credit gets turned off. the problem is, these things take time to go bad. they don't just go bad overnight. if they did, we would already be watching exxon. the higher cost is like the bakken take more time and the lower quality ones like the mississippian, they may cease to be a factor. i know that some people were heartened this morning when repsal bought talsman for $8.3

billion. but this reminded me of when another spanish company, terra, bought the also internet-ran play, lycos in the year 2000, right at the height of the dotcom boom, only to sell it to some south korean company for $94 million four years later. i think repsal's real early. we got a boat load of estimate cuts today, but frankly they're just beginning. then there's the wiggest, baddest bear of all. the russian bear. and this one's a dominant and angry papa bear, that's not so easily appeased. russia, put simply, is falling apart. its biggest asset is oil and gas, and there's a run on the country's banks, so the russian central banks took rates up from 10% to 17% last night, in order to stop the run and defend its currency. the ruble. i say it's too soon to tell if

that rate hike will fail, as there are always knuckle-headed the funds that will swoop in to get yield and take their chances. mostly because the managers are playing with your money, not theirs. but this ruble move was born out of desperation, and i don't invest in desperation. hence not the payoff. i'm not backing a russian bear run by a thuggish dictator that's picking a fight over ukraine with the united states and german. at the end of the day, the west has a lot more divisions and a lot more firepower. that fight's a nonstarter for everyone, but putin's not going to win. and make no mistake about it, the west is really -- what they're really going for here is regime change. and they will sacrifice their own economies as seems to be the case right now, to get it. so when you write off a tortured goldilocks and accept the fact she ain't coming back anytime soon? too simplistic. first, we have many companies here including two you'll hear from tonight, restoration hardware and dominion resources that try as you might don't get hurt by any of these bears.

they get helped. we saw cbs put up terrific numbers. its stock jumped. lower gasoline means more money spent at cvs. goldilocks has a lot of spare change, and this guy doesn't even know how to use the checkout machines at cvs, although, frankly, i don't either. they're really hard. that scanning thing. second, every country other than the united states wants to cheapen its currency to get us to buy their goods. instead, this debasing is causing their rich people to buy our treasuries, because they're so fearful. that capital fight sends our interest rates down, which gives the american people still one more stab at refinancing or buying a house. lower mortgage rates, less restrictive lending, that means more homes being built and sold and still more money being spent at retail. goldilocks has gained. finally, there's the overall global impact of lower oil on other countries besides our own. yesterday, deb cody from honeywell told us how all geographies will get a boost from lower energy costs. he points out, one of the reasons why the many economies

in the world didn't bounce back hard is because energy didn't come down as it should have. it went higher. he said oil's been a giant prohibitive headwind versus where he thought it would be, which is right about here. now oil can be a tailwind. we should expect greater global gdp growth. he echoed exactly what klaus kleinfeld the ceo of alcoa told me. you have to wonder whether they aren't huge goldilocks backers, given that they just boosted their dividends much more than expected, and announced gigantic expansions to their buyback programs. the latter can be spread out, but the former is real cash in the barrelhead. a true bet against these kodi kodiaks. so here's the bottom line. for most of the day, goldilocks' stories, like those good ones i just told, seem to portend excellent things for the close. but fears of an imminent russian financial collapse and the damage it will cause in europe tomorrow, well, it just sent the growling bears to sack

goldilocks right before she escaped their lair. they threw her for a huge loss, a total beat down. and right now, it doesn't look to good for her tomorrow either. can i go to rick in florida, please? rick? >> caller: yeah. happy holidays, dr. cramer. >> what's shaking? >> caller: i want to ask about sony, with the negative publicity out, would now be a good time to take a position? >> no, no, man, we don't want sony. the stock is rolling over, i just don't -- i don't want to be in japan right now. i've got enough problems. we don't want to import their problems into our portfolios. i need to go to chad in minnesota. chad? >> hey, jim, this is chad. >> what's up? >> caller: first, i want to start it off with a big boo-yah! >> i like that. >> caller: and the question i have for you, on oasis petroleum, i saw that they rose quite a bit today, and i was actually going to invest in them a few day s ago, but i didn't. what should i do? >> oasis is one where every dog has its day.

it made a quick snapback rally, because it looked like the oil was going to hold. i have other companies like schlumberger i would rather have you in than oasis. think of quality and long-term. larry in massachusetts, larry? >> caller: happy hanukkah, cramer? >> we're done with that. we've got them all covered. every single base. >> you and your band of merry men have made it a happy holiday for my family. >> i like that. it's not as much bible as it is history. go ahead. >> caller: in the spirit to buy what you know and contrary to our conversation a couple of weeks ago about the 2.0 refreshes on a chart of oppressed restaurant chain, my local riteaids are definitely not yet part of the wellness store plan and it's still depressing to walk into them. >> you've got to go with my riteaid over in brooklyn! i've got tom and jerry behind the counter in the pharmacy, the people greeting me, i use their own generic products. man! it's case by case, but riteaid

had good numbers. the stock is -- it's no cvs, but doing a lot better than people think. all right, goldilocks needs to deal with brazil, the little oil companies in the united states, and yeah, most importantly, it's got to worry about russia. in the end, well, maybe she triumphs, right? maybe, but it's not clear, as far as i'm concerned, she's the real beast once the bears are k. but you know what? they're not done, that's the problem. and this little guy, he's a big pain in the butt. on "mad money" tonight, it's restoration hardware. stunning stories with stunning growth. i'll see if its stock is its best exhibit, when i talk to the ceo. and columbia sportswear is up more than 20% over the past year. but are the frigid temps helping the brands fly off the shelves? don't miss my exclusive with the ceo. plus, is dominion your pipeline of profits? i'll find out if it's got the power to surge. stick with cramer!

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when you're dealing with a terrific company that's run by a visionary, the sky's the limit. that's how i felt last week during restoration hardware's stunning video conference call. and please, if you haven't watched it yet, go to their investor relations website and watch the darn thing. it was a revelation. want to know what stock to own for 2015, restoration hardware is near the top of my list, if not at the top. this company reported a terrific beat last week, truly magnificent, 22% gain in same-store sales. 22%. i don't know any other company that had half of that, that was despite incredibly tough comparisons. just an astounding number. i think much more to come. if restoration hardware can deliver on the projections they talk about, i think the stock,

which is already up more than 40% for the year, will keep on climbing. let's take a closer look with gary friedman, the chairman and ceo of restoration hardware, and find out more about what his company is headed. >> good to see you. >> thank you. >> well, you shook things up. no one's ever seen a video before. first, i need to know the reaction, because i thought it was revolutionary. >> i think the reaction has been quite good. i think we're in a visual business, right. so it's hard to explain a visual business just in an audio conference call. so we thought we would try to bring it to life and i think it would help people see what we wanted them to see. and in our business, you have to see it to believe it. >> but you even said, listen, i don't want you buying the stock unless you go to one of the stores. this was not the usual boilerplate cautionary language. >> well, so many people want to try to fit businesses into a simple model, right? and we find ourselves speaking to sometimes investors and

analysts that, if you think about retail companies that are public, most of them start out very innovative. and then they become a public company. and they go from innovation to duplication. because that's what wall street wants, right? wall street wants to know, okay, you've got 30 stories, how can you have 300? and how can i put that in a simple model? and if you're an innovator and keep evolving your business, you've got to keep evolving your model. and you know, quite frankly, with i think it makes us harder to understand. i think last time we were here, we were one of the most misunderstood businesses in wall street. and so it's just to help people understand, things will always be different here, right? we're not going to duplicate. we're going to always learn, always improve, and we're going to always move forward. >> i think it's important for people to understand that you got the notion far earlier than everyone else that the mall is a deadly place. you even blow up a mall in your

video. and if you can haven't a plant live in your space, then the customers won't want to go there. >> i don't know if it's so much about the malls, right? i think today, you hear a lot of people say, mall traffic's down, mall traffic's down. what is a mall, right? a mall is really just a bunch of retailers, right? so if the mall is dead, doesn't that mean that the retailers are dead. so if you think about the retail stores that have been built over the last 30 to 50 years, right? and that exist in what we call a mall, most retail centers, most retail stores are archaic windowless boxes, right, that donate have any sense of humanity. there's no windows, no fresh air, no natural light, and i say plants die in a department store, in a typical retail store. so none of us really want to -- we're social creatures. we want to go somewhere, we want to do something -- everybody's worried about online, right, the threat of online, and everybody's going to shop online. the fact is, 92% of retail sales

are done in retail stores, right? 8% is done online. yet nobody's talking about, you know, what's -- all the innovation and all the creativity is going online. there's a lack of imagination at retail, from my point of view, and our point of view at our age. and so, we're trying to reimagine the retail experience. we're trying to create a place that people want to go. what's the most valuable asset we all have? right, it's our time. so how do we want to spend our time? we can spend it online today. there's an option. we would rather go spend it somewhere else, we're social creatures. give people a place that they want to go, that they're going to be inspired by. >> we're showing behind you some of the museums that you are -- >> galleries. >> i call them museums. >> gallery makes me sound like when my parents would take me to a furniture store and they called them galleries. it's better than a gallery. it is a setting. but what i think you're really trying to do is not be bound by the four walls of anything. >> you know, people say, you guys think out of the box, right?

and i go, we don't even see a box. >> i love that. >> it's, again, it's like, how do we re-imagine everything we do. not just our product, not just how we sell our product, but how do we move our product, how do we source our product, right? we live in a -- the world is going to evolve whether we do or not. so you're either moving with the world, faster than the world and leading some things or falling behind. life is that simple and so is business, from our perspective. >> but how can you keep doing it? you know, when i saw the numbers, the first thing i said was, like, that is incredible. and then i said, how can he possibly beat this? what can he do to beat these numbers? >> you have to stay curious and you have to stay critical, right? you have to, you know, we like to say in our company, vision is everything. we have to be willing to destroy today's reality to create tomorrow's future, right? so we are perfectly comfortable

tearing ourself down and rebuilding ourself. >> including one of your best stores in texas. >> exactly. >> well, same thing in los angeles and beverly boulevard. same thing with houston. houston and beverly boulevard were hailed as the best new retail stores anywhere two, three years ago, right? and now we're going to tear them down and doing better versions. but, again, that's how things should be. you know, you're describing it better or allowing yourself to get worse. >> and it's been a great holiday season for you, from what i can tell from the conference call. >> it's not over yet. it's a battle every day. like i said last time, it is a day-to-day business, it's a minute-to-minute business, and we get our report cards every day and learn and get better, and we never stop fighting. >> you don't want to be bound by the spreadsheets or the lack of creativity by wall street, but you also feel the need to trump wall street, to beat the numbers. it's a competition, not just for the oddballs and the feel of the consumer. >> it's not about wall street, not about wall street's

spreadsheets, not about wall street's numbers, right? it's about our performance. and we are, you know, always unsatisfied, always on the move. we are completely allergic to doing the same thing over and over again, right? so we are just trying to get better every day and find -- you know, find a new way to get better every day. and look, we think this is an inspiring way to do business, an inspiring way to live life. >> and i want to point out to people, this is not, while he compares day-to-day and works day-to-day, if you take a just three-week perspective on this stock or a six-week perspective, you're going to miss the big moves. that's the way a great stock works. don't trade in and out of it, don't play that game. go to the stores, watch the video, and then own the stock. that's the only way to do this. that's gary friedman, chairman and ceo of restoration hardware. this man has a hard, he has a soul, he has a brain. stay with cramer. coming up, wall street trailblazer? from winter boots to down jackets, columbia sportswear can

help protect you from the elements. so will the winter season help this stock keep climbing through the new year? cramer's sizing up the company with the ceo. you used to sleep like a champ.

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columbia sportswear, clm for you home gaemers, after the

stock had rallied almost nonstop, climbing from 34 to 45 in less than four weeks' time. could this be your chance to do some buying? for those of you who don't know, columbia sportswear makes outdoor apparel, footwear, accessories, and equipment. you know their brands, columbia, mountain hardware, montrell, yoga, the hottest area right now in fashion. climbing apearl along with sorrell and altride for boots, i'm blocking some of these, which you might know. at the end of the company, the quarter is spectacular, delivering a 6 cents earnings beat off an 87 cents basis. higher than expected sales numbers, 29% year over year, most important, 14% organic growth, plus management raised their full-year guidance and put through a 7% dividend boost, bringing the yield up to 1.4% at these levels. columbia sportswear is an innovator that uses technology to engineer superior products. a small growing direct-to-consumer business, and while the company has been making surprised, this is still

the best time of the year. let's dig deeper with tim boyle. he is the president and ceo of columbia sportswear, to learn more about his company and his process, sorry i messed up the design, but welcome back to the show. good to see you. >> thank you. >> what i see is a company that at one point people felt like was about cold weather and is now pretty much all-weather. right to the point, when i go to your website, it tells me, do you want to be dry, cool, warm? you've really transformed this company. >> you know, it's interesting, when you have a company that's initially started in america and you have seasonality with more expensive products in the summer -- excuse me, t in wintertime, and you have this holiday, which happens at the end of december, it's hard to balance that seasonality. but we've really focused on internationalizing the business, growing the business in south america, central america, and building products that are great for summertime. >> when i went over it, it seems like all the things, korea was the only area you're having -- but you're hitting the ball out of the park pretty much everywhere. >> you would like to think that. we are helped with the weather

in north america for sure this year. it's been a spectacular aid to us. but we have currency issues from time to time, and economies are not always robust all the time, everywhere. >> yes, but your most self-defacing company. in your conference call, you said, listen, we would love to blame the economy or the weather or something, but it was a function of your own shortcomings. you are the most self-effacing of ceos, sir. >> it's always good to admit where you can help. >> you were named gear of the year, which i imagine, in that skiing world, is something that is going to make it so you can have a great holiday season, no matter what. >> you know, it's really interesting, and we are very cautious about our inventory build, so if we have a spectacular item, like our turbo down, you know, sometimes we don't have all the product that we need to fulfill every order. but we're thrilled with the results we've had so far, and yeah, it's going to be good. >> but in the end, we had this discussion with dekers, with

angea angel martinez. can it overwhelm everything else you're doing? >> the sorrell boot was a utilitarian men's work boot and we move ed it into a woman's bo. >> that was great thinking. >> the guys who ran our footwear business really know what's going on. but this is a waterproof, performance boot. >> performance boot. >> yeah, waterproof, warm. >> women love it? >> they do. >> how about -- i mean, i know your doing a tie-in with the dallas cowboys, you're doing fishing gear. these are fall and summer goods, right? >> right. >> the southern part of the united states really has a love affair with our pfg products, our performance fishing products, and those have taken a real life of their own. a little over a $100 million business for us now. we're focused on making sure that that business extends all the way through south and central america. we launched it in europe this year, and there's real opportunity for us, as a

lifestyle brand, supported by fishing. >> you're up against some pretty smart guys, kevin plank, he's always talking about his technology company, nike, which i know, because you're out there. nike's really gearing up to technology, in order to take on under armour, but tech has always been your thing. are you still doing that with the other seasons? >> yes. we have -- and it was really our point of differentiation, our innovation. so we developed products to keep you warm, for the cold seasons, but we also have products like our omnifree zero, which is a technology we applied to the inside of a fabric that actually, when it gets moist, so, sweat activated cooling makes the fabric cooler and the wearer cooler. >> how is that possible? >> it's a miracle. >> no, really. >> no, no, it's chemistry. >> is it a chemical thing? >> it's chemistry. >> are you a chemist by tried? >> i'm not, but it's all about supporting teams that have these big ideas and areas where they can really shine and be different. and it's releasing these innovation guys from the cadence of, hey, you've got to have it

done by this season, next season. it gives them some time to really bring some products out, which take multiple years to generate. >> you're a week away. when you look at your numbers, i was on your excellent website, it's a possibility you don't have enough of this in seven days. >> our folks in sales and retail would say no. you know, that's sort of a balancing act. and you're trying to dial it in, sort of like sailing. sometimes you're lufing, sometimes you're going straight ahead. i think we've got the right amount of inventory. >> i've got to tell you, we've always loved your apparel. you're having an absolutely terrific season. and i think it's done because you really are a technician that has exactly what we want. congratulations. >> we're trying hard. >> congratulations on a great season, a great year. that's tim boyle, the president and ceo of columbia sportswear. you might have known it as winter gear. a ghost study of the website, ghost study all the companion documents. you'll notice it's full year and that's why it's going so well now. "mad money" is back after the break. coming up, decision maker. everyone on wall street is

holding its breath before yellin takes the stage tomorrow. well, almost everyone. cramer is about to sound off on the fed's next move, just ahead.

wrong. what the world needs now is bonds, sweet u.s. bonds. it's the only thing there's just too little of. it's time for the federal reserve to take a page out of the song book and sell its bonds. i think the bond market right now could easily handle the entire $2.5 trillion in bonds that the fed has under management. and rather than just hold these bonds in maturity, the fed could book a huge gain for the taxpayer, perhaps enough to put a dent in the deficit. it will be the greatest trade of all time. and it will also boost the liquidity of treasure is aies a inflect the yield curve a bit. this is a once in a lifetime moment, where everything could play out in a virtual fairy tale ending, certainly better then when the russia russians rippede heart of goldilocks. for years, we've been worrying about the fed trading.

we were always scared that the fed would stoke inflation with its bond buys. it didn't happen. if anything, we could face some imported deflation, with the fear of the ruble, the fear of the yen, thepeso, we now have tons of overseas money flooding into our country. what could be better than a gigantic sale of treasuries to sop up all of that foreign capital? >> sell, sell, sell. >> why doesn't the fed do this? i think it's too novel, too frightening, and too against their doctoral instincts. i think how great it was for the economy. how the fed has to recognize things are now set up for growth, so there's no reason to keep holding on to these bonds. plus, they shouldn't turn a terrific trade into a loss. just eyeballing the prices makes me want to salivate, makes, oh, man, the gains are gigantic. that's why i'm urging the

federal reserve to sell its bonds, and eliminate the interest rates for too low, while forever setting up the fed as a beacon for all to behold. plus, these sales will let the fed rebuild its firepower for the inevitable next crisis. it's just too prudent. but the fed can't take its victory lap until it books the gain. ben bernanke was enough of a gunslinger to buy the bonds. now it is time for janet yellin to announce tomorrow that the fed has made a killing on its portfolio, and rather than wait a considerable time to raise rates, it's going to use the high prices to sell its bonds and move on. the world's chaos is the fed's opportunity. janet yellin, time to ring the register. james in connecticut. james? >> caller: hello, jim. >> hey, james! >> caller: very sorry to hear about your dad. >> thank you. >> caller: my father taught me how to invest and all that good stuff. >> so did mine. >> caller: so i'm trying to do the same thing with my daughter. >> okay. >> caller: and i took your

recommendation on linn energy back in june of 2013. >> right. >> caller: and what do i do now? >> remember, i sold linn. my charitable trust sold linn. we got in linn, battled it, and then we sold it and said that everybody should sell it, because we didn't like what was happening to their balance sheet. the stock went up today, because they made an asset sale and i think that it is going to be able to go up a little bit more, but you have to sell it. i battle -- we battled linn hard, stephen link and i, but we did not recommend it down here, and i can't recommend it down here. they screwed up. mark in wisconsin, please, mark? >> caller: jim, thanks for taking my call. i've got a two-part question about kinder morgan. is now a good price to buy in at? and is the dividend safe? >> i think the dividend is safe. it's covered by cash flow. they have a small exposure through commodity, not that much. all of these pipeline companies have a degree of exposure to the

commodity, but i think concerned's in terrific shape. some people will not have to build those pipelines, because they're not going to ship the stuff. that's untrue. we have a lot of the stuff. and they're going to build the pipelines, but more important, kinder morgan has a terrific yield, great management, and i think it is the right time to buy the stock. big charitable trust position. okay, bonds the word. it's time for the fed to sell them. the world's chaos could be the fed's opportunity. the greatest trade of all time. don't move. the "lightning round" is next.

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it's time for the "lightning round" on cramer's "mad money." let's start with lewis in new jersey. lewis? >> caller: jim, how are you, buddy? >> i'm real good. how about you? >> caller: i'm doing great. calling about our buddy, chevron. wonder if i should pick up more than around the $100 mark. >> if you can get it for around $100, get that nice yield, i think it's good. this stock did trade to the 60s, so you'll have to wait until 95 average, that will give you a 4.5% yield. that will be a decent level. let's go to cooper in california. cooper? >> caller: wow, jim, really honored to speak to you. i watch you all the time. >> thank you! >> caller: jim, i'm from the san francisco bay area, and i want to ask you your opinion on a stock, relufypsa, relp. >> that's the second biostock of the week that has stumped me. there are so many new ones, i've

got to learn about it. let's go to art in connecticut. art? >> caller: baa b-b-b- boo-yah professor cramer. go uconn huskies. >> love the huskies. what's up? >> caller: first, jim, thanks for sharing all your knowledge and expertise with us. i've learned a lot from you over the past ten plus years. long live cramerica. >> thank you. >> caller: secondly, my condolences to you and your family for the loss of your dad. >> thank you. >> caller: jim, about a week ago, i purchased shares in blue bird bio. i got really lucky, purchased them a week ago last month, next day, it was up 35 points. >> right. >> so what i'm wondering now is buy more? >> no, you don't want to buy more. they ended up doing a giant secondary, so took advantage of the much higher price. if the market is down big over a couple of days, people will give up on that stock and send it down, even though it does have a great formulation. that's your chance. don't buy it right here. they just priced a deal.

it's too high in this kind of market. you'll get a better price. ann marie in new york? >> caller: jim, i need your help with bv energy partners, bvet. do i hold or sell? >> i think, frankly, geez, i was talking to the fibonacci queen about whether oil could bounce more. you know, that's a very problematic -- i don't like ev energy. i think it's too risky for you. i know it's come down a lot, but i've got to tell it as i see it. let's go to jerry in florida, please. jerry? >> caller: hi, jim. thank you for taking my call. >> no problem. what's up? >> caller: my question is, i guess, is i know it's quite a diversified company. >> yeah, but it's got that lawsuit that actually -- typically, i'm not scared of lawsuits, but the lawsuits that are being filed by the government, coupled with the fact that we think there are going to be fewer tanker cars used because oil cars down make

me want to say, don't buy, even though trinity's come down a lot. how about arty in new jersey? >> caller: a big boo-yah to you. how are you? >> very good and my sincere condolences ton loss of your father, jim. >> thank you, man. >> caller: i'm calling on science application, saic. and i was wondering if i could get your opinion? >> caller: i like it! i think that's part of the defense budget that's coming back. i think that company's in the sweet spot. i want yo uh to own it. let's go to jim in texas. jim? >> caller: boo-yah, jim! this is jim in texas. >> hit me. >> caller: i watch your morning show and your "mad money" and we love you. >> thank you. >> caller: but i'm 78 years old and i come across some money and i wanted to put it in an account for my grandson, and about six, seven years ago, you had richard kinder on there and i invested and i made about $8,000 just on the dividend. >> yes! >> caller: and i thought i would let you know.

but i wanted to know about eep? >> that's another -- >> eep better than ept. that's the enbridge. and we think the world of enbridge. that's the one i would like you to get involved in. and i do like kinder morgan, but it's no longer an mlp. let's go to peggy in maryland. peggy?! >> caller: hi, jimmy. i watch you every single day. >> oh, thank you. >> caller: and you have helped me make some "mad money"! >> thank you. >> caller: i would like to get your view on goorganovo. >> i think that's an interesting company. i was speaking to someone doing three-dimensional work, and i think three dmaen-dimensional i great theme. stratuses, i did like, and organovo seems interesting to me, interesting, therefore,

speculative and positive. let's go to maurice in new jersey. maurice? >> caller: how you doing, jim? i want to give you a big jersey shore boo-yah! but i'm interested in activision blizzard. i want to see how you feel about that? >> i do like take ii more. this whole group is up on a spike. we'll let this group come in before we make a move. it's up too much. and that, ladies and gentlemen, is the conclusion of the "lightning round"! >> announcer: the "lightning round" is sponsored by td ameritrade.

if you're searching for yield in this environment of insanely low interest rates, if not just an insane market, then look no further than the bond market and equivalent stocks, high-year-olds have the ability to grow their dividends. take dominion resources, long my favorite utility. this is one of the largest gas and electric utilities. some terrific growth opportunities too. not only does dominion have a vertically integrated position in north carolina, they have a natural transmission and distribution business in the marcellus and utica shale regions. a joint venture to build a $5 million natural pipeline, connecting the shales to markets in north carolina. you know i'm a big believer in the pipeline space, given that it's really the only way to transport natural gas over land. and we have so much nat gas in this country, it would be insane not to take advantage of it. and dominion is building an export terminal in west virginia that won't be up and running until 2017. they're spinning off a master

limited partnership, dominion midstream partners. they've stolen 68.5% of this mlp has rallied. so let's check in with tom farrell, the chairman and ceo of dominion resources to hear more about his company and where it is headed. mr. farrell, welcome back to "mad money". >> good evening, jim. good to be with you. >> all right. tom, you have the best, i think, insight into the actual demand in this country, because of your region, is this country getting stronger in the last few months. >> i think it is. i don't think it's -- i think it's beginning to gain momentum. i don't think it's got strong momentum, but, it feels like it's beginning to gain momentum again. >> all right -- >> after six years. >> why i point out, you have the lowest power of cost. you are not just a regular industry, but you're also getting a lot of the higher tech industries that need to put their data centers there. is that still a good growth business for you? >> very strong growth for us,

over half the internet traffic in the united states goes through our service territory in virginia. they come here because we have a reliable electricity and a very low rates. >> you're also inquisitive. i saw you borrow this california gas transmission. did you see next year, or just did a giant deal with hawaiian electric. are you going to be trying to expand the footprint even further, or is this about it for now? >> well, we've been looking about, the only acquisitions we've been looking at, jim, are to add to our mlp, that you mentioned in your -- as you started the interview. we created an mlp for the mid-stream business, this carolina gas transmission system is a perfect fit for us. it takes and extends our reach south. a little bit further south than where we're building what we call the atlantic coatlaenatlane with our partners. we're very excited about it, it's a very good company, glad to have them part of the

dominion family. >> let's talk about the cove project, cove point. i was talking to sue last week, and she was saying, there really isn't a lot of financing for the places that are, especially with oil coming down, that unless they're already somewhat built out, you're entirely confident that your customer list will be clamoring for your product when you're done? >> our facility is already sold out, under 20-year take or pay contracts. so, we're not worried about the customers, we're not worried about the commodity prices, we've got credit-worthy partners on the other side. japan and india will be taking all the capacity of cove point for 20 years. >> so i want to emphasize, some people feel, with oil going down, your customers will somehow try to get out of their agreements. they need that power no matter what, right? they need that liquefied natural gas. >> they do. they need the gas. and i think you'll see -- i think the fact that gas is tracking with oil right now is

not going to last very long, once people realize they really are different fuels. >> you had a vision to sell at what now looks like the high. are you surprised yourself that oil has come down this far, or could it fall further, given the fact you have the largest natural gas storage, there really isn't any place to store what they keep pumping. >> no, it's -- they're storing it in tankers, i guess, now. but you can see prices come still further down, although, i think that probably will begin to revert to the norm in the not-too-distant future. >> are you surprised that wall street is viewing this as potentially catastrophic, given the fact that russia and brazil are in such trouble? >> i think that they could be in big trouble. >> you do? >> those two countries. >> and would your area of power be influenced if russia collapsed or if brazil collapsed? >> not us, not at all. our customers for our natural gas export facility, again, we never will own the commodity

itself. we're just providing a service. we're going to transport it to our facility. we'll liquefy it, and pit on their tankers. and so, we are unaffected by the swings in commodity prices. >> i'm seeing a lot of signs around my place, which say, no nat gas, no fracking, no pipeline. these are places that had pipelines for years and no one seemed to care. du do you think that there will be a growing resistance move that didn't even exist four or five years ago, that will stop the pipeline buildings at least in the northeast? >> northeast is a problematic area for lots of reasons, at least for production of power, and delivery of energy to produce the power. there's a lot of geographic reasons for that, there's no gas storage at all in new england, because of the geography, it's all got to come in off pipelines. but ferc has been dealing with pipeline approval process for a very long time, they're very good at it. they understand what it takes

and what you have to do, and companies that have been in the business like we have for over 75 years, we know how to go through the process. so i think they'll move them along. ferc does a pretty good job. >> i'm getting waved off, but i've got to do this shortly. you're still keeping your hand in the movie and history business? >> history is important for all of us, jim. >> so when do i -- when is your about the great battle of the confederatesy and young people. >> you can buy it online. it's called "field of lost shoes." >> thank you very much, sir. tom farrell is a history buff, that happens to be chairman and president of the best utility company in the country. ceo of dominion resources. thank you so much and stick with cramer. (vo) rush hour around here

starts at 6:30 a.m. - on the nose. but for me, it starts with the opening bell. and the rush i get, lasts way more than an hour. (announcer) at scottrade, we share your passion for trading. that's why we've built powerful technology to alert you to your next opportunity. because at scottrade, our passion is to power yours. as nations develop over the next here's a 25 years,for you: the world will have almost twice as many cars. how much fuel will be needed to power them? about the same as today? 50% more? 100% more? the answer is...

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and the winner is the russian bear. that's right. this is who ripped off the head of goldilocks. we have a decent thing going there for most of the session, but in the end, fears of what's going to happen in russia tonight took the whole market down. and since we don't know what's going to happen, it's anybody's call. and i've got to tell you, right now, the russian worries are overwhelming this market. and until they're straightened out, i think we're going to have to live with the specter of this ruling over all of us. i like to say, there's always a bull market somewhere and i promise to try to find it just for you here on "mad money." i'm jim cramer. see you tomorrow.

>> okay, here we go. >> tonight on the profit, i meet michael and tina sena... >> three, one, three. >> experienced trainers who own a fitness studio. >> chest up. atta boy! >> the instruction is first-rate. >> nice, high thighs. >> but the business? well, that needs to be whipped into shape. you're not focusing on everything over here. >> i'm telling you, i did what i thought i could do. >> michael refuses to bring in workout equipment... >> i just don't want to be like every other gym. >> i wouldn't work out there. which holds back membership. >> i may challenge him. >> what we're doing isn't working. >> that's such crap, and you know it. >> but it's his ego that may ultimately bring down this business... >> nobody would recognize her name. they would recognize my name first. >> and possibly even his relationship. >> since we got rried, you're always worried about your own identity. >> but everybody has their own identity.