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tv   Mad Money  CNBC  August 18, 2017 6:00pm-7:00pm EDT

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this was kind of a stock call. i like the stock call. i think it's going to be higher, but i think the idea of selling calls makes a lot of sense >> that does it. don't go anywhere because mad money is up next right here on cnbc so don't move don't move >> hey, i'm cramer, welcome to "mad money," welcome to kram network ca call me at this show, this show is based on one her retie cal idea that it's possible for you,
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if you work at it, to make more money investing for yourself than you would be by hiding out in bonds or even putting your money in index and mutual funds which you know we favor. the pun that's commentator say it's too hard. but i know from experience, from running a $500 million hedge fund for 14 years and returning 24% after fees that you can do it as long as you're willing to put in the time and effort and i know you're succeeding when you tell me about your big winnings, i know because you tweet knme but in h order to be a good investor which i know you can be, you've got to understand how the market works behind the scenes what might be happening four stocks without you even knowing it that's why tonight i'm devoting this show to educating you,
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sharing most of the important lessons i've learned before if can start teaching you or learning about stocks, there's lessons i need you to unlearn. the notion that the market is always rational. that the action always makes sense. that simply isn't true on any given day the action in the market can be completely nonsensical. entire sectors can move for totally bogus reasons. as i always say, never forget that the market can often be stupid for whole sessions of trading. and i see it happen frankly around here at least once a week, maybe even twice now, it's our job in the media to help you make sense of what's happening, but sometimes we go too far and start creating explanations where there are none trying to find the logic and reason that are nothing more than tale told by idiots le never assume because something happened it makes
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sense. that's nonsense. on 0 day-to-day basis the market often does crazy things, it's important to be able to say you know what? these rules don't make sense at all. once you start cooking up connectioning where none exist you're no trouble. the you see sometimes stocks will go up for the reasons that have nothing to do with the underlying prospects of actual companies. when it occurs you want to take advantage of the irrationality not buy into it by chasing stocks or panicking out of them. no one ever made a dime panicking. the kind of just -- there will be a lot of stocks that went down for reasons disconnected from the fundamentals underneath hence the opportunity. hedge funds that are in h trouble start selling not because they want to but to raise money to bay pack the unhappy clients. who are demanding their money before more is lost.
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that's why we've been known to play bob marley's redemption song to remind us what can happen on these bad days, by the way, you can pick up a copy of confessions of a street addict if you want to see what happened to me when i had my margin call. maybe there's a red hot thing out there. they've got a raise the cash to buy the shares it is because i was a professional trader. we have seen this several times and it makes no sense to those who don't understand the mechanics of money manment and they we're getting enough money in over the transome without selling the other stocks that they might own so he can have the cash to buy the in huh ones regular investors you see the seller start to panic and even become too afraid to buy or get blown out and start dumping stocks themselves. >> all of a sudden everything is down across the board and people in the press are cooking up reason to explain why things are
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all down at once they concoct theories. i don't think unless you've managed money professionally you really understand these kinds of moves. i've seen them many times in my career, and i actually describe what it's like to live through in almost all my books now i was embarrassed mightily in confessions of a street addict and at great sell-off of 1998 that's why i mention the book. because i need you to understand the emotionalism of the selling. we also saw the impact of hedge funds exacerbate in the 2009, 2008 era the even as demand for petroleum was stable and weaker which should have caused oil to go lower. only after that insane rally did we find out that oil sky
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rocketed bus a couple of hedge funds were caught short. they had to buy in h the short the or end the positions at outrageously high prices as they felt certain redemptions or even the demise after that huge run oil fell in almost a straight line to $33 a barrel when it was rallying it had to caput tu late. the worse mistake. the most common mistake you can make these days is to say that because a particular stock or commodity trades at a certain level it deserves to stay there. when i first started trading we measured by the company. this is 1979 how much cash does it have are its products selling well? does it make a lot of money off of what it sells then the market in its infinite
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wisdom decided to lump stocks together in gigantic bachskets. we link all stocks together. positive or negative, it's only gotten worse, meaning more commoditized every single year since then of course, this turning stocks into one big commodity homogenizing them like corn other wheat wasn't limited to this country and other countries were and now traded with contracts. something happened along the way that enl changed things drastically. money managers, were able to pool vast amounts of money together amounts of money so large that they dwarfed individual stocks amounts so vast they had so much
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cash to the hedge funds gravitated -- they developed a group thing. the hedge fund managers started to trade in sync with each other based on all the same tells. they had the computers, same exact programs, algorithms when so many hedge funds bought the exact kinds of stocks and futures and sold the exact same commodities and did it with borrowed money many of these were whipped by events they accident see coming. they had to sell everything. their very survival was at stake. i told you it was going to create a fabulous artificial buying opportunity not everything de served to go down a lot of the companies were doing fabulous now this kind of thing continues to happen to this day because so many hedge funds still buy and
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sell stocks the same way like commodities, not pieces of papers that represent different companies with different prospects. spring of 2014 when these groups are hit with huge amounts of new stock and insiders selling secondaries, so the good went down with the bad. the next time you see everything go down at once with the market seeming to move in lockstep or certain sectors just collapse, before you try to cook up excuses for why the moves make sense, ask yourself, if you might simply beseeing the results of hedge funds gone wild bottom line, the market doesn't always make sense. wh he whenever the market or a given sector goes down, think about whether the move was caused by the fundamentals of the wall street money managesment business and out of control mej funds meaning big redemptions. then take heart and start recognizing that their
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irrationality could be your opportunity for big profits. andrew in florida. >> caller: i'm a big fan of yours, my mom who deserves a big hall lule ya for being cancer free. >> my questions about your rule about investors putting the first 10 k into index fun, would you advice against me putting my first money into a few safe stocks that aren't made for trading but rather long-term investi investing. >> i'm still going there i lot of people think of me individual stocks due die. i want that $10,000 safe first. long-term index funds. and then mad money for individual stocks. ir win in new york >> caller: hey, i have a question i've been inversing for about
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and playing in the stock market for about 35 years i haven't made money until i started listening to you two years ago. my question to you is i have an account with let's say $100,000 in it and i have some issues in that portfolio is there a procedure way to balance the portfolio? because it turns out now that i have almost half the money in one issue. what is the procedure way a to balance out. >> this is a great question. what's happened you can probably made a lot of money in one stock. i used to take the rule that said when it was up 25%, take some off now kind of changed that to think when it is up 50%, or 100% but, ultimately means it can take many years to get there i say continue to let it run and just trim as you get 50 and then 100%, but trim only
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john >> caller: jim greetings and many thanks for your investment guidance because it has paid off well for my family. >> thank you very much love it. >> a while ago you -- that you actively used in investment decision spoke mostly to the buy side when you stated you rarely bought a stock that carried a peg ratio greater than 2.1 you also used it as a decision metric can you walk me through how to use it. >> all i'm trying to do is find situation that is seem overvalued to where the s&p is selling in terms of growth rate. two kinds that get overvalued because the earnings in h the outyears are going to be tremendous i'm fine with those. then there's the ones that are overvalued because they're fads. those are the ones that the peg ratio says sell, sell, sell. that's the one i don't doubt don't listen to the naysayers.
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i think if you work hard and do research you can make money in the market but as i said, if you don't have time or inclination i'm fine giving it to professionals but i bet you we can do it together. coming up, the type you should avoid at all costs in a sell-off i'll let you in h on the companies that could be buying when things turn south and send your tweets to me at jim cramer i'm about to answer them on the show "mad money" will be right back
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. frm when there are huge losses in the market you'll have opportunities to buy good companies with stocks that have been bad you're going to catch me saying things like buy broken stocks not broken companies the the saying that doesn't do you got on its own really serious correction everything will go down. i think the big question is how do you tell the difference between a broken company that's not bouncing back and a broken stock that could be a golden opportunity. today i propose to give you a new way to look at stocks during a sell off lead you toward the broken stocks i want you to own the corrections have causes right?
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2007 we had multiple sell-offs and collapse of companies that issued mortgages and then the shellacking taken by everybody that owned those le specifically bonds backed by the mortgages. you mix those together you've got a credit crisis and along with that came the big sell-offs. in h the wild summer of 2007, we had the liquidity concerns in europe which led to the steep sell-off same with the endless declines with the battles with democrats and republicans. of course if you go back in time we had the meltdown in h nasdaq in 2000 when many stocks folded up and disappeared each of those sell-offs we had sectors that were immune like the drugs and foods that rallied strongly after of the nasdaq fell apart in march of 2000. and what an opportunity that was unless you were mesmerized by
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the dot bombs of the year. look at the companies that caused the sell-off. they're probably broken. in 2007, for example in a meant everything touching housing mortgages or any kind of lending. you're looking at a broken company. those companies are directly in h the blast. they might certainly be obliterated. then there's another group that's not as bad as the first group by still pretty radioactive. not directly to the cause of the sell-off but caused these companies to make a lot less money. almost all the financials became victims because they had invested in the bonds. they couldn't be owned through the crisis a company does not break just because its stock goes lower in h 2007, a great example would be many of the great
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infrastructure stocks that would get marked down with everything else with a sell-off or the oil companies, agriculture. none of these businesses were apepgted by the credit crisis. we saw in summer of 2011 many buying opportunities. or in 2012 with domestic companies brought down buy european turmoil what happened, how about all those companies that did no business with the government but got banged down by the government shutdown. how about the defense stocks didn't go down because frankly their budgets were pretty good now, there was often wasn't a connection to the causes of the sell-off and yet these stocks get hit. the we need to think about this. i came up with something i think will really help you i call it the bristol-meyers syndrome as in what does that sell-off caused by a cypress bank failure or a -- federal shut down or
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greek crisis have to do with the price earnings ratio of bristol-meyers h most likely nothing. which is why it's probably time to buy that company. check the chart. it's worked every time since 1983 put another one. you don't want to buy the stocks leading the decline. look at ones independent of what's ailing in h the market. as the marb once a company breaks, it's difficult to mend. that's only more -- which control half of the stocks here's the bottom line in a sell-off, there will be stocks that have clear reasons for going lower and ones that just get sold along with everything else. the first are broken companies avoid them please at all costs the second group of just made up of broken stocks that's exactly where you want to be still on "mad money" ahead, the
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opportunities. the how to zero in on the stocks worth buying the common practice that could be a cause for concern if it you're looking to invest why you should be worried watching some stocks rally some bad stocks. give you a heads-up. "mad money" will be right back
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madmoney@cnbc. madmoney.cnbc. welcome back to the special edition of "mad money" where i teach you how to navigate so called market corrections. the brutal declines in stocks that would ordinarily leave the best of us in tears. if not heading straight for the dirty linoleum floor with only a brief layover at the liquor store to pick up some cheap scotch to wash our troubles away that's not the way we do it on
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"mad money." we've been over the big picture stuff. sell-offs are just part of the process even relied on by every good investor. you know you have to circle the wagons around what you really like and leave the others in ht dust the difference between damaged stocks and goods the you need to be doing the you need to go hunting a correction is just a mega sale on stocks. no different than what you might find at sam's club or cos co tell you about a couple of types of stocks i specifically like to hunt on, on days that are really down the more brutal the sell-off the better these look to me. first i like to find stocks pulled back from rt highs during the sell-off the new high list is always a great place to go hunting if you're looking for good
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investments. you don't end up there for no reason, but stocks hitting new highs are also thought of it would be expensive this is what big declines were made for you look for stocks that get knocked off that new high list, maybe get pushed a couple percentage points down because of the market wide correction and you're likely to find a lot of good merchandise of not all of it's going to be wort buying. some will be going lower for good reasons maybe they're damaged goods. but then there are other stocks that could only be dislodged from that list because market conditions got sew horrible that everything went down at once when you find a stock that actually needs a correction to take it down, genuine wall street gibberish, you've probably got something wonderful there. not all the time you'll have to use your discretion for each individual stock but usually the ones that
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get knocked from the highs by correction will be the ones recovering hardest and fastest from the carnage unless they're part of the reason meaning a damaged company sits on the damaged stock that's not a place you want to go near. that's the first group i want you to look at senly have at least one that's pulled back from its highs on your sell shopping list at all times. i'm trying to teach you to make here you want a list of stocks that you would buy in the market took a nose dive tomorrow even if you would ordinarily take a pass because they're so darn expensive. that way when the decline comes you'll take advantage rather than being a happenless victim there's a second kind to keep your eye on. the these are stocks that sell with huge dividends, a whole lot more attractive to the share price as it goes lower just like you should be watching the 52-week high list, you should also be keeping your eyes
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on stocks you would buy if their div depds yields were higher because it will send the stock lower. pardon me if you know this already. i'm trying to reach everybody. including second graders and three-year-olds who like the animal noises. the div depds yield is just the size of the annual dends -- one dollar dividend divided by the share. as the price goes lower, the yield goes higher. the sometimes you have a sell-off so severe you get accident high yielders the fallen so hard so fast that their dividend yield suddenly becomes -- you know what they tend to get better. no dividend investing isn't sexy at all, but believe me when i tell you that nobody ever woke up unhappy the next morning
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after bringing home a stock with a big div dependent. trust knee but especially when you're looking at a big decline you want to get more conservative a dividend does, there's no guarantees any stock bounces back don't buy a damaged company just because the dividend -- we ought to avoid -- hunting for stocks with newly attracted dividends le a good rule of thumb is by looking at the company's earnings or profit if the expect the earnings are at least twice the size of the dividend payment it should be reasonably secure. this will do it for you. bottom line. a sell-off, it's an opportunity to buy especially stocks that have just pulled off their highs and stocks with nice yields that have grown larger thanks not decline in overall market. these are the best places to bargain hunt in the decline of
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any magnitude. i'll be right there alongside you. trying to spot them. let's go to jane and rose in new york >> caller: hi, cramer. i wanted to know how interest rates will affect my dividend stocks >> people will immediately sell higher yielding stocks when rates go higher. bonds offer for -- can offer more attractive yield with more safety so you swap out the alleged safety in some stocks and go for true safety in bonds i personally like growth and yield, therefore i would not be a seller of these stocks but it's whac it's what happens in the market place. it's happened since '79. get ready. act accordingly and don't be shy. nasz s jason in new york. >> caller: hi, jim listen, my question is i have a lot of friend the that do real its state investing for the month lip income
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how can i do that same thing with stocks basically monthly income with stock investing. >> i got -- i have to do a -- there's socks that offer monthly income the ones that i know are actuallynot that fond of i've got to find new ones. that's where you find a lot of them the but the ones we're doing turned out to be some of the more dangerous ones. this market presents gifts to all the time when there's a huge sell-off, use it to spot bargains. when it comes to shopping for stocks do you dare go up against the all powerful index funds i'll tell you how to get your take on the averages and come out on top plus getting back in the game sometimes the warning signs afrpts so obvious. i've got all the details on when a rally could be a red flag. plus you tweeted i'm answering. "mad money" will be right back
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now there's an entire industry of bun dits bevoted to telling that you cannot win.
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so it's simply better to put your money no index fund that mirrors the market than to invest on your own i get that the if you don't have the time or inclination or just overwhelming, that's fine. you know i believe your first $10 should be saved in an index fund nevertheless, i also believe you can beat the averages but only if you know what you're doing. the using the precepts that we teach every night here this is particularly important to keep in mind after a sell-off period why i spend so much time trying to educate you again as i always say i want you to be a better investor or better client. if you can't get advice you can do it with a fund. if you want stocks but can't do the work, hire a professional. but i'm devoting tonight's show to some of the most important
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lessons i've learned they'll help you identify opportunities and avoid some of the worth mistakes and pitfalls of investing now i'm kind of got a rule i want to bring back from getting back i wrote that right after of the great recession. i drink it will help you avoid getting burned don't necessarily put a lot of faith in buy-backs they sound great but they aren't created equally and aren't at all a place to run to in a sell-off in fact, many buy-backs disappear when times get tough and can't be relied upon as we saw when the oils came crashing down a lot of oil companies walked away from the buy-backs. i used to believe that large buy-backs, something that reduces the number of shares outstanding, were almost always worthwhile bad buy-backs were the exception. of the like dividends they're a
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way for company the to reward shareholders with the cash, a return to you for the money. i like the others better buy-backs over the years have become increasingly popular. companies have spent a trillion dollars buying back stock over the past few years unfortunately these buy-backs haven't given us the value we thought they would in many cases. and in some cases they turned out to be huge wastes of money so when you see a company with large buy-back and a puny dividend, be a little skeptical. it's still not hard to find companies that squandser money buying back stock at higher prices some companies have been a whole lot worse than others, for example, here's a group i like now but they smends a lot of money doing the wrong thing. health maintenance companies got performing since the
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affordable care act. it would have been a lot better if they give you the great yield. that's the best combination in market when you have low interest rates and uncertain growth seen the same thing with some of the tech stocks. absurd prices. that did plague cisco for a while. but i think it directly led to the stable higher run that that stock has had. the that was a shrewd maneuverer intel the same thing it aggressively instituted dividend policy. maybe the worst oh fend der out there is exxon has little growth and much less dividend protection. that's why it is my least favorite in the group. i don't tell people to sell. . it's got a great balance sheet, whatever, but i like higher dividends and buy-backs together so why do executives seem to like buy-backs so much more?
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since the companies' earning per shares a buy-back can be a great way to create the perception of growth but it's just earnings growth. that's been the case it the pharmaceuticals. the actual anemic growth in other words, not a lot of growth tall for sales. and almost no growth and yet low teens earnings growth from many of these stagnant businesses that's right the sales aren't doing anything but because the buy-back series, per share go up. other companies decide it's worth keep buying back the stock instead. i have an idea give it to shareholders and dividends we want the income the evidence says short sellers just ordinary sellers in h a panic. can almost always overpower the
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companies buy-back specially because there are restrictions on how much stock a company can buy on a different day. a dividend does a better job by creating meaningful support. remember, they borrow the stock first to sell it short and whoever borrows the stock must pay the dividend to the real holder you want futility and buy-backs no group was more aggresive and i say irresponsible when it came to the crash of 2008 they dinds hold the stocks up when faced against rapid fire. as soon as they were armed with a new found power, without waiting for a lift, the buy-back as support gain, well, it was over gave you little to no down side protection even worse for the banks the bought back all the stock and had to issue tons more the power to destroy stocks was
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created by the short sellers by the securities and exchange commission when repealed and old rule wait for above market prices before they could offer stock. you couldn't stop these guys with the biggest buy-backs in the world. especial lil when the fundamentals were deteriorating. we're putting it to work right here these attempts at babe ruth style almost always fail as it turns out the executives try to turn out the bottom they should watch the show or maybe they don't understand the way their own stock works. at least as well as you expect considering they worked at the company. they pour fortunes into trying the appearance at the rare exception? apple led by tim cook. the which buys back a tremendous amount of stock. meaning they're in their own
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dibs they have a buy-back with a brain. that's about the best buy-back i have ever seen that's the combo i want. of course also has the best products manufactured in the world. disney too is extremely opportune n opportunistic. during the ebola scare the stock was getting crushed because people were so worried the hey, ceo he wasn't worried. he was a buyer auto zone. there's one that's always been a buyer on weakness. it is a tremendous buyer of its own stock and shrinks the float and also has worked if you take a look for the long-term chart bottom line buy-backs by themselves are no reason to own the stock. in some circumstances, a reason to sell it worse, spending money does nsz even have on an activity is fruitless as repurchasing the
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stock. the way i see it, these are false signs of help and too often just a darn waste of shareholders money "mad money's" back you always pay your insurance on time.
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i . now, after a sell-off, in order for stocks to reverse and move higher, they need to have fuel the fuel necessary for a rally and what that fuel, what is it it's cash. some comes from retail investors putting it back into the stock market when money is flowing into stocks and edge funds disparate to own stocks rather than shorting them, then you're in the land of the thousand bull dances the you don't have to worry about where the fuel for rally is going to come rom that's when everybody seem the so smart as long as more and more dough is pouring into the stockmarkets it's easy to find ones that can
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go higher. you've got to buy the dips each time they occur. i'll talk about it at night. but it can take a long time for regular people to become accustomed to putting their money in stocks again after a serious sell-off it's scary with no money flowing to the market or even with outflows you can still have powerful moves that are trying to assert their leadership in the turmoil. but the fuel to make those happen can't come out of thin air. it's money and it has to come from somewhere if people are still reluctant to invest, money will be pulled out as investors will go with the ones with power. people with food and drug stocks will happily sell them in order to make cash we've seen quite a few rotations. there's just one problem with rotations. without new money flowing in, the advance often becomes zero
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sum. and ultimately can and probably will run out of fuel as soon as the selling in defense of staples comes to an end the leaders run out of steam. and when investors on the side lines are still reluctant with capital, something worse can happen you can get a rally on the wrong stocks the stocks that signal slowdowns or recessions. namely the food and drug names used as fuel these stocks can become the markets new leaders and all the cash investors pulled out can be poured back in no matter that it just might be because these non durables are getting so cheap they represent great value. a rotation could be at hand. i want you to be ready you never really want to see any of the consumer staples rorriar higher in a sustained advance:
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it means people think the economy is going to get worse or stay in awful shame for a long time to come that's why one the most horrifying things you can see in the stock market is the so called wrong stocks. altria, coca-cola, general mills. if that's all that's going higher, that's trouble bottom line there's nothing more disconcerting than watching a beverage or whatever go higher without -- until and unless there are vast sums of money coming in from the side lines, you need to be more cautious watch the sector leadership to help give you a read on macrosentiment of the in meantime look for opportunities to buy high quality names with the stocks and not companies are broken md.
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be ware of management tactics. only to see those stocks go right down from unstoppable high frequency bombers. remember, the coast isn't clear until the vast pre ponder rance is higher. after the huge ruin in tn we've, maybe it's something worth waiting for. and her paw won't heal on its own. we're all working forward to something. synchrony financial can help your customers make it happen sooner. so she can plug into her dreams... and they'll have a new addition for their new addition. whatever you're working forward to, even if it's chasing squirrels, synchrony financial can help you get there.
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my finger hurts from battling all the trolls. the if only there was an easier way to answer the nice tweets. let's give my poor hands a break. let's start here with at even after i get it who lets us know. i let me nose run when listening to at jim cramer when i sniffle, i miss something. when i suggest you get some "mad mone money" -- is wondering at jim cramer are there any advance advantages to purchasing silver own gold silver is a much less harder commodity when gold is getting harder i believe the -- here's one in
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at tiffany done. you're valuable knowledge and energy is inspiring, thank you i want you to tweet that every single day for the rest of your life because it makes up for the trashy trolls i have to worry about. the m 1 tie 1. why not. you should have a short video made on jim cramer reads angry tweets against you le we're going to do that. the we're going to do that regularly. the there's a guy who does it on tv it looks like -- can't have the positions without violating bases help i say you know what? you have to wait i i know it's painful but you got to wait. don't violate bases. the in 2014 i violated bases and it was not a good year i principally acontribute out
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that to violating bases or not letting stocks come down enough to make the next purchase meaning full here's an idea maybe you could develop tech to charge your apple watch from your personal energy level #energy bunny. i want the cordless tables that's what i really need. all right. here's adng 43 my fin shall advisor always warn the me about watching the market every day. i like to check in on the market if i were on vacation. don't be obsessive about it, because that is not what you're trying to do you're trying to buy good companies with stocks that are good at price the you like okay and just to watch it all the time doesn't make that happen. much better to do homework next is at dress winder.
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asking me how to do homework better oi just used google but i think there are many better techniques, #mad tweets. i have written whole books about that the best one is still real money. then i'll tell you my most recent one has a hole segment about how to analyze stocks. the of course stick with cramer. we broke it. a birth day goes to dorothy openson who turned 101 today >> well i like that. very good spirit >> from re-don dough beach
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>> that was my girlfriend. >> of course it's a real shocker. let me bust this there's something wrong here extreme upside target. in the stock world -- in the stock -- hey, apple. hence, my apple phone, which i am taking off and putting over there because it's ringing okay ouch let's try it again
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with at&t you can get your entertainment right here. right now, when you get the incredible iphone 7 from at&t you can get unlimited data and live tv. the channels you love. your favorite shows and movies. making your iphone into more of a... oh my tv is ringing. hey...i'm in the middle of a...a second iphone from at&t? okay! right now when you buy a new iphone 7 from at&t you'll get a second iphone 7 on us. and power both with unlimited data and live tv. it's time for the biggest sale of the year with the new sleep number 360 smart bed. it senses your every move and automatically adjusts on both sides to keep you effortlessly comfortable. and snoring.... does your bed do that? the new 360 smart bed is part of our biggest sale of the year where all beds are on sale.
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and right now save 50% on the labor day limited edition bed. at ally, we offer low rates on home loans. but if that's not enough, we offer our price match guarantee too. and if that's not enough... we should move. our home team will help you every step of the way. still not enough? it's smaller than i'd like. we'll help you finance your dream home. it's perfect. oh, was this built on an ancient burial ground? okay... then we'll have her cleanse you house of evil spirits. we'll do anything, (spiritual chatter) seriously anything to help you get your home. ally. do it right. i like to say there's always a bull market somewhere. i promise to find it for you right here on "mad money." i'm jim cramer and i'll see you next time.
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male announcer: tonight you'll see exclusive updates on some of your favorite bosses. - i love it. - whoa! announcer: over the years almost 60 corporate leaders have gone undercover in their own companies. - whoa, whoa, whoa. [crashes] - slow down. - all right, yeah. announcer: from the biggest names in travel and entertainment... to some of the most recognizable fast food chains in the world. - hi, welcome to subway. - hi, welcome to subway. announcer: these bosses have traveled around the globe from alaska to mexico to work alongside their employees to get an unfiltered view of what really goes on behind the scenes. - this water is boiling! lift me up! oh! oh! this was just totally bull[...]. - sometimes i feel like punching an eight-year-old.

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