down 36% year to date lennar. >> just to get dan bank of america. >> how about it. snap i don't think all the bad news priced in yet but close. >> see you become here tomorrow night with for close >> jim cramer and "mad money" 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 save you money. my job is not just to entertain but teach you.

so call me at 1-800-743-cnbc or tweet me @ jimcramer you know what's in short supply right now? context. every day it feels like investors are making decisions based on the minutia of current events >> buy buy buy buy buy buy >> not the bigger picture, and that is how you get burned that's how you lose money. fortunately, we got some relief today, the dow rebounding 401 point. the nasdaq up 2.59%. now, we had some good earnings, just both last night and this morning, and the benign set of conference calls and it's allowed us to catch our collective breaths, and i like that that's when you put in context now that we can take our time, let me tell you about what i see going on, and by the way, what i see not going on ever since this horrific month

began -- >> the house of pain >> we've been buffeted by head winds from washington that have smothered the tail winds from wall street. and for the past couple of weeks, they have done the same to main street that's new, everybody. main street being hurt it's almost like everyone in washington is trying to stop this economy in its tracks the federal reserve is doing it intentionally. they think the economy is too hot. president trump is doing it by cheering the economy and therefore, antagonizing the fed! every president wants a strong economy, they want to get re-elected the fed always has a goldilocks mandate. they need to make sure business is good, but not good enough to cause inflation. there's nothing wrong with either position, in theory but every time the president says the economy is red hot, his fed chief feels justified in

raising interest rates even as we've already had eight tightenings since the bottom in 2008 in fact, it's worse than that. every time president trump says the economy is smoking but the fed needs to cut out these rate hikes, i guarantee you it makes powell want to tighten more. if the economy is fabulous as the president says, then the fed's right to talk about four more rate hikes, something powell foolishly promised last month, instead of saying you know what? let's see if the next rate hike does the job, and that's a philosophy called data dependance that happens to be that of his predecessor, janet yellen, who was fired by -- he said look, we need somebody like powell. you need a sterner hand. let's put it in context. the first part of the selloff was driven by the notion that wall street was too pullibullish

the earnings the estimates of many companies are too high and a fed mandated slowdown where 2019 is a down year, the estimate also need to get cut. that's part of the readjustment period we're having right now. the second part to have selloff was driven by the president's new pound policy toward china, which i can only describe as containment. it sure seems like he's less interested in negotiating and creating jobs here and more interested in destabilizing their regime i think we've got well past president trump's "art of the deal." it's more reminiscent of "art of war. i get the rational, but the whole identity of the chinese communist party is standing up to what they call western imperialists, meaning us so they aren't giving up easily. so our businesses with

meaningful ties start to have difficulties, and that's what we have seen in this earnings period if a company sources its merchandise from china, guess what you need to cut numbers for that company. estimates are too high when you cut estimates, what do stocks do? every company wants to make a major acquisition. but chinese authorities can hold up deals united technologies is a huge employer in china, indispensable for the chinese aircraft business so it might be rational for them to approve the deal. but maybe the chinese government wants to send a message that they mean business and block the deal you better believe that would hurt maybe they boycott apple who knows? but something we still need to consider, we have to keep in the back of our minds. at this point, when you listen to these conference calls, you here question after question of tariffs, as in how are the

tariffs impacting you? and it's become quite dispirt i ing. as far as the white house is concerned, they have bigger fish to fry trump is feeding the chinese, he wants to be reagan he wants that wall torn down this time, though, it's a chinese wall but the soviet union was on its last legs in the '80s, while the prc is a rising world power. like it or not the fed chair refuses to acknowledge the damage the tariffs are doing. he's as oblivious as the president. the president wants the fed to be more accommodating. you know what? he should use a little reverse psychology the moment trump says we need more rate hikes, i'm betting powell says hey, i wanted to tighten four more times, but the president is so bent on destroying the economy, to hurt china, that he's doing my work for me so there's no need to tighten

again after the next rate hike in december. a little fed humor supposedly smart people keep arguing we don't need to worry about the rate hikes i say supposedly people say the economy is so strong, powell can tighten as much as he wants and it won't cause a recession. these people are chowder heads now, they're missing the point nobody is talking about a recession. we're talking about a slowdown that causes rounds and rounds of layoffs. that's possible, people. no economy is this strong. thanks to the lack of demand for autos, construction, so many other industries, plastics, paper. that could easily be in the cards. it's well within the realm of possibilities, except the people at the fed don't seem to realize that here's more context. what's not in the cards is another great recession. in other words, this is not the end of the world, which is something you think it was when

you looked at yesterday's action there's no systemic risk the economy might go from really good to really mediocre. not great for earnings but the market was trading as though we were about to get hit with something more severe there was enough disappointments on the table to see how we could get into real ugliness that devils -- devastates profits now, i don't know who is going to plink first, but someone has to blink, or else we'll repeal the nice gains we had today for certain. it's great that visa and microsoft and tesla and ford reported fabulous numbers yesterday. along with a host of other companies. but those numbers don't change the underlying context this bizarre mexican standoff between the president and the fed and the president and the people's republic of china in tonight's bevy earnings are not inspiring people even as the earnings seem

strong revenues were a tad weaker i want to see how things shake out with these two tomorrow. they have a history of defying the negative, i know but i have to question how alphabet, as well as amazon, how alphabet could miss the sales line so disappointingly. i'm going to be working overtime explaining these tonight but you know what? really, alba bphabet has to do better if you only take one thing away from this lesson, this is not a rehash of 2007 whereby that point a crash was inevitable >> they know nothing >> it's late 2006 or a much health yeier version of 2006, we the crash can still be averted if ourleaders know what they'r doing. let's hope they do a better job this time around cathy in wisconsin, cathy. >> caller: hey, jim, this is a

huge honor >> glad you talked, thank you very much. >> caller: campbell's, lots going on, and there's a stockholder's meeting next month. we have lots of promises and plans to turn the company around, but we also got a voting packet from an independent called third point who wants to bring in their own board with promises and plans to turn the company around so who do we believe and trust >> i'll tell you this, it's really hard to do a worse job than what they're doing now. they're working overtime to do a bad job, and therefore, i think what would be better is to go with globe the campbell's people should rethink their view and say, you know what? mr. lobe, your people can do a better job than we have, because we have sent terrible stewards to this great company. greg in tennessee, greg. >> caller: hey, cramer, i greatly appreciate the insights

from you over the years. >> thank you >> caller: i feel like the least i can do is take you to lunch the next time in new york. >> i've taken in three lunches in 38 years. >> caller: my stock is etn the company moved to ireland for tax reasons a few years back, and my question is, should we be concerned about the upcoming brexit uncertainty, and do you think eaten is a buy, sell, hold >> great question. sit a domicile issue, it's a great cleveland company. it's not mayfield, believe me. the stock has just given up a huge amount, but it's now yeeling 3.6% it's an industrial at a time when the fed is tightening, but i think it's already been sold this market needs some context that's what i'm giving to you. this isn't 2007. it's more like a benign 2006, which means the damage can still be averted

if only policymakers realize that >> they know nothing >> now, tonight, my exclusive with one of the best american companies, the $300 billion that is visa. you've got the card in your pocket, but should the stock be in your portfolio? don't miss my interview with the ceo. and then with earnings season in full swing, we're starting to see the results of trump's tariffs. i'm going to break down the impacts they're having on stocks and can the stock turn around? i'm going to talk to the ceo stay with cramer >> don't miss a second of "mad money. follow @jim cramer have a question? #madtweets send jim an e-mail to madmoney@cnbc.com.

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♪ in this topsy-turvy market, what do we do with a stock like visa on a day when the market is rebounding, it's important not to get too euphoric. but these payment stocks may be the safest way to play the whole financial sector visa doesn't have any interest rate risk or get crushed if our economy has a fed mandated slowdown and most importantly, visa reported another strong quarter, double digit growth and process transactioned. $300 billion company stocks surged today and it's up 23% for the year after the recent market wide breakdown, visa is down 11 points from its highs. don't take it from me. earlier today, we checked in with al kelly, the ceo of visa, from the floor of the new york stock exchange take a look. al, i look at your company you're a $300 billion company,

yet your revenue is double digits how are you able to keep this up >> jim, we got a great network this past year, we did $11 trillion in funds on 182 billion transactions that's 500 million times a day for all 365 days last year we grew by 10%, and we hadadded million more merchants and we are trying to get into new payment flows, deepen our penetration. i think as good a year as we had, we're on to 2019, and trying to do more good things as we look ahead. >> our audience is a top thinking group of people you mentioned cross border can you describe to the people why cross boarder is so important to visa. >> cross border transactions shows that people are moving from one country to another, and

that means people are confident when people are traveling outside of their country that's number one. number two, we make a bit more money. somebody in chile shops in sydney today, we have to make sure that we do the right currency conversion and get the money back to the merchant australia has to pay the card member in chile, their bank has to get the transaction so it's a higher margin transaction. so it's a sign of economic strength, and it's a higher yielding transaction for us. >> and we have economic strength as i look at voisa's numbers. >> you look at our volume, we're strong around the world. every one of our regions was up double digits for the fourth quarter, except for europe, they were up 9.2% so we're seeing very good strength, particularly how strong the united states has been we've seen really good volume, and a lot of that, a, certainly good retail, particularly sealed

by e-commerce. secondly, higher gasoline prices the tax law has definitely put more money in people's paychecks. i think that's helped. and we have rolled out this product called visa redirect, where we're reversing the way our network works, which has been known for pulling payments when people buy something. now we're getting into the business of pushing money to people's bank accounts >> and for businesses, too >> absolutely. >> one of the things that doesn't get talked about in your conference call, it is still the great wave of -- >> absolutely. the reality is, our biggest competitorin the world is cash inc. businesses are spending $22 trillion on them we're the largest network in the world and set a record of $11

trillion so $17 trillion of cash by consumers, $20 trillion by businesses so there's tremendous upside and e-commerce will help push that >> you mentioned early on, there were some issues with china. can you go into that everyone is possessed by what a downturning china could mean >> in china, we do have 55 bank partners that have issued well over 100 million cards and in many cases, they're what we call dual bags, which means they have a chinese branding and a visa branding. if a chinese citizen uses that inside china, when that chinese citizen travels on business or pleasure, it's a visa

transaction. >> i'm glad we clarified that. it doesn't mean things are not going well there >> the reality is, china is a good market from us, from the perspective many chinese are traveling outside of china, and we're getting not only volume, but cross border volume. >> we all watch sports, whether it be world cup, now the nfl we always see visa being -- you are in a competitive situation to get banks to work with you. you do a lot of branding should people care whether they have visa or mastercard? >> absolutely. i talked about our net worth and its global reach being a great asset. the other great asset is our brand. anywhere you go around the world and you do side by side, visa versus any competitive, the brand comes up at the top. sponsorships are a big part of that because we're global, we tend to be involved in global sports sponsorships we just got done with world cup in russia, which was a great

success. and we just renewed our olympic sponsorships we've been an olympic sponsor for 30 years and renewed for 12 more years through the 2032 games. >> i have to ask this. even though i had the former cfo of square on, jack dorsey, who is very good, he keeps saying listen, it's going to be crypto, it's going to be crypto. is crypto a challenge to visa's hojeny in this business? >> if crypto moves to being a payment instrument, and i think it's got to be -- there has to be some markets that it becomes like a fiat currency, in order for us to be comfortable but ifit goes in that direction, we'll move in that direction. we want to be in the middle, and regardless of how it happens or what the currency is behind it, if we have to go there, we will

go there right now it's more of a commodity than a payment >> glad you clarified that i have been recommending visa and mastercard since the show started pretty much. some people say mastercard on certain metrics is growing a little faster than visa. how does voisa close the gap? is there a gap >> i manage this company for the long-term. i hate looking at quarter to quarter comparisons. there's been quarters where visa outperformed mastercard. we just added almost $900 billion more of volume in '18 over '17 and we're a much bigger network. master card is a bit smaller than us, they're a very formidable competitor. but i would bet on visa any day of the week. i believe in our firm and brand, and i think we have got lots of

upside potential >> and i know you put your money where your mouth is. you have one of the greatest buybacks i've ever seen. al kelly, ceo, thank you so much >> thank you

with earning season in full swing, we're starting to see the concrete impact of the president's tariffs. i've got to admit, it's not that good on a day when stocks are surging, we need to address the fallout from the trade war i've been a lot more supportive of the tariffs than most commentators i believe there's a time and a place for a little protectionism, especially when our trading partners refuse to may by the rules in theory, i think the president is justified in his crackdown on

china. however, even i knew the tariffs would hurt i've always told you that. i said they would be bad news for the stock market it's not surprising that we're seeing company after company talk about rising cost, supply chain disruptions and new obstacles preventing our companies from selling as much overseas that's what happens in a trade war. but let me tell you what caught me by surprise the steel tariffs aren't working the way we thought we would. the first shot fired was the president's 25% tariff on imported teal, something the steel industry had been pushing for. the idea was they needed to be protected from chinese competition. it was flood it is global market it definitely was. surely everybody that has to buy steel would pay more but our steelmakers would be in better shape, right? in practice, it's been slaughter since the tariffs went into effect just look at the stock of new

corps, the best steelmaker in america. they're down about $10 since the tariffs were announced how is that possible the whole point of this exercise was to help the steelmakers by making foreign competition more expensive, allowing companies to raise their prices to get a decent return. here we are, their reported an und underwhelming quarter. the tariffs may be hurting the steel industry, so how did this happen what is going on here? before i get into the details, i recommended new corps stock over and over again as the big beneficiary of the trump's protectionism. the ceo had been pushing for the government to get involved for ages he was bullish about the positive impact of steel tariffs, and i believed him. but we may have been mistaken. what can i say

i got it wrong but what do we do with new corps' stock now the cruel irony of the situation is before the tariffs, new corps was doing fabulously in 2017, they had the best year since the financial crisis even with all the chinese dumping, the company was making a fortune. makes sense when you have a red hot domestic economy, the steel stocks are going to be in great shape. then what went awry? on march 1st, president trump announced his 25% tariff on steel with a 10% duty on aluminum initially there were some exemptions, but the white house phased those out new corps had protection from cheap style imports. at first, it looked like the tariffs were working when new corps delivered blowout numbers in july. but the tariffs hadn't kicked in yet. these were more about a red hot

global economy management was confident that the next quarter would be better fast forward to mid september, though, hmmm new corps provided its mid quarter update, the numbers were nothing special. when the company action reported last week, there was a lot to dismi dislike. earnings were weaker than expected but that's not enough. the real guidance, the guidance of what people really make judgments on, tepid. let me read you the killer line when i was going over the release. earnings in the fourth quarter of 2018 are expected to decrease across all three operating segments, compared to the third quarter of 2018. sheesh that's terrible. i think there are three issues that relate to the tariffs when the government slapped the

25% tax on imported steel, that's going to reduce demand. when the tariffs were announced, everybody in the white house and the steel industry told us the impact would be negligible we spoke to the ceo of a company that said the price of steel has gotten too expensive to build. caterpillar had some grim things to say about steel costs, it was too high and there's more to aluminum tas we're now in a genuine trade war with china in the short run, it's just bad for business when we placed a tariff on the steel that goes into a harley davidson, we figured the consumer could absorb that

but europe slapped a tariffs on motorcycles. unfortunate, steelmakers are economically sensitive, which brings me to the final problem all these tariffs raise prices when the federal reserve sees prices going up, they get worried about inflation. that's one of the reasons the fed has gotten so aggressive about raising interest rates you don't want to own the steelmakers when the fed is tightening so aggressively, that they told us they might need to overshoot to stop inflation. the fed has a bad track record when it comes to overshooting. they off cause a recession, which is how the great recession got rolling. now, long-term, if we can negotiate a deal with the chinese, where they agree to stop dumping steel worldwide, the tearifflins may prove to be positive for new corps but the supposed winners for tariffs aren't winning right now. but this is the wrong time in the business cycle to own a

steelmaker even if they have bottomed up, the steel industry is too risky to touch and that's a shame i like teaching china to play fair but it turns out, we need to take a lot of pain before we see any gain, if we any see any gain at all >> the house of pain >> robert in new york, robert. >> caller: boo-yah, jim. >> boo-yah >> caller: my question was about letter x it's around 52-week lows would it be a good time to get in now >> no, no. the economy worldwide is slowing, and the steel makers you buy when the economy is getting hotter the fed wants the economy to cool, and they're making it so buying u.s. steel stock is a mistake. john in new york, john >> caller: hey, jim, john from albany, new york >> good to have you on the show. what's up, john? >> caller: a question about

international paper, which i bought on fundamentals and for the dividend it's down about 40% for the year, and i heard there's a chinese company building a competing paper plant in the u.s. given this new competition and market volatility, do you recommend holding, selling >> the yield is fine, the stock is up today, because this was thrown out along with the whole group as if they were going to be losing a lot. it's untrue, and it's a great situation at these prices, although it's up so much this morning. but i do like it albert in florida, albert. >> caller: hey, boo-yah, old friend >> boo-yah >> caller: hey, you know, i had a late great aunt that was retired from boston university, economics professor. she used to have me get the paper every day and come over and watch you and kudlow when you first started your show. best education i ever got. >> thank you so much thank you. >> caller: listen, i have a question

i was thinking that dow dupont was supposed to have a conference talki ining how theyr going to unlock value on their company. now i'm down 20% on them >> we bought this for my charitable trust in the 40s. we sold some much higher the company is doing a split it's obvious people think they're going to miss the quarter. i think we have to wait to see the quarter, and i'm sorry you're down on it. all right. we're finally seeing the impact of the president's tariffs, and boy, they are a little problematic. even the winners are not winning. that means even great american companies like new corps aren't doing as well as we thought. much more "mad money" ahead. what do you do when one of your favorite names pulls back during a period of weakness i want to sit down with the ceo after earnings and is it a sign that stocks have gotten cheap enough to do

some buying? and all your calls on tonight's edition of "the lightning round. so stick with cramer

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okay, what do we make of a company that had the misfortune of reporting during this big meltdown take scentene, a stock that had been red hot before people started panicking. centene reported two days ago, and even though they delivered a solid line, the stock got slammed. why? because their four-year earnings forecast was interpreted by some to be a bit light. but if you're worried about

tariffs, centene is the kind of stock you want to own. so let's take a look with the ceo. welcome back to "mad money." good to see you. all right. sometimes in this earnings period, there has been not enough time to reflect, and that means people sell. i went through the quarter, and darn it, i thought it was a good one. so maybe you can walk me through where i'm either wrong or right. >> you're right. there were a couple of issues that i don't think people took time before their wrote their noting and questies and questio understand one was the tax rate we had like a $24 million tax. if you look at the adjustment, it was 490 okay so they looked at the 24, but we didn't, we took a deduction for the closing costs for fidelis. >> which a gigantic acquisition.

and you said the acquisition was going well and people didn't seem to hear that. >> the second thing i don't think they fully understood, we had a one-time game from a risk adjustment for the in-home support services that had been discontinued in california >> okay. >> we also had a one-time expense on the veterans program that we shut down, and so the one was for $140 million there was a $110 million expense. we don't like to take one-time gains and put it into earnings, because we don't think that's appropriate. so we took an additional $30 million and put it into our foundation so it was a wash >> right >> so when you look at it, it was a clean beat >> definitely. >> we also raised guidance on the year we gave good guidance, we gave a sense of what would '19 look like in terms of earnings.

we told them we have at least $69 billion, up about $9 billion, $10 billion, so everything was strong. >> and i liked four new states for 2019 pennsylvania, north carolina, these are big states >> right so it's all good >> okay. so there was a line in the conference call that i think explains even more about what's going on you say -- and i just wanted to add, i think what's really important is we changed lenses to a $60 billion company that there's going to be adjustments. i think a lot of people think of your company as small. but you made some fabulous acquisitions >> i'm happy you brought that up we're pushing to be a fortune 50 company. when you have $70 billion plus next year, when you have that scale and size, you'll have things that come up. it's just normal any large company has it

but people associate us as this $10 billion company that we were four years ago >> all right we got a midterm election coming up i know the defense stocks were down, because people think the democrats are going to win should i be thinking if i'm a centene shareholder or wants to buy it, if the democrats take the house, that is good for centene? >> i think there will be some balance. i'm an individual that believes that one of the three branches, when it's the other party, we get better government. i'm not saying what it's the democrats or republicans i believe that if that happens, we'll see some negotiations, and we'll end up with a lot of things better, and our program will be that much stronger as well, because it will be solid discussions about what it should be and not the political one comment i will make, we have moved from policy to politics. let's get back to policy >> that would be great

last night amgen, they cut the price dramatically they said medicare wasn't covering it. when you see a decline in the price of a drug, does that hit you and say that's at a level that's reasonable for the co-pay, we're going to cover it? how does it work >> we have to have a therapeutic coverage of any disease. so if there's a product that's similar to it that's not as expensive, and only physicians make that decision, and they say that product should not be added to it, it's done we don't make that decision. i depend on physicians to do it. we are very much physician driven >> that's great. the last question i have, it's kind of one that people have, do people in this country know what open enrollment nene menment mes >> i'm not sure they do.

we've had 80% reen rollment. i don't know that they understand and what the process is >> i'm glad you mentioned that, because that's a real problem for people watching the show that's chairman and ceo of centene. they've got a december '14 analyst meeting. you want to be in this stock before it happens. "mad money" is back after the break. your brain is an amazing thing. but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. healthier brain. better life.

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it is time it is time for the lightning round. [ indiscernible and then the lightning round is over are you ready, skedaddy. time for the lightning round jo josh in california >> caller: boo-yah from los angeles. the stock is k2 interactive. >> the stock is up big and we do like the stock let's go to gregory in california gregory. >> caller: what's up, cramer big boo-yah. i'm still licking my wounds from yesterday. case therapeutics.

>> one of my favorites i did a couple of conferences with him i think the company has some great drugs. i'm bullish. paul in new jersey >> caller: my question is red hat. >> they didn't do well last quarter, but i think the next will be better i would be a buyer now, remember, the cloud is going down, because amazon and alphab alphabet everybody hates them all over again. >> caller: boo-yah, cramer boo-yah from naples, florida we have your book, get rich carefully, and street addict i have a question on nvr robotics >> it's being bought, so thank you for subscribing to being a member of the club we'll have a stuff tonight and i do think that you're just going to take the money and run. florence in new york, florence

>> caller: yes, hi, jim. it's very good to speak to you i've been a follower for many, many years since before you were on tv. >> thank you >> caller: okay. what i'm calling about, i need to take a tax loss and i have one on donally financial shu solutions. >> i gave up on those guys i did a big piece how i was just -- they're just not coming together, and i don't want you to be in it. and that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect. see, your stress level was here and i got you down to here,

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did the market finally bottom today, or was this a fake-out like tuesday's rebound? i should have to ask that after amazon and alphabet seem to have disappointed a bunch of people but you need to know how these reversals actually work. using some mechanical issues first, bottoms are almost never formed when everything is hunky doery. we bottomed in march of 2009, when ben bernanke said he wasn't

going to let another bank fail that was very good news for the stock market, because we had been hearing calls to nation nationalize the banking system the economy was still in freefall, investors were still terror tied and it was not obvious that things were going to get better. but there's no bell that goes off that tells you the all-cheer has been sounded and this month, the worst since november of 2008, is finally over, so let's do some buying. but we do have some sign posts that can help us out they're unemotional. on tuesday of last week when the dow roared up more than 500 points, we checked in with mark sebastien. he said the whole move would need to be repealed before we could truly bottom boom, he nailed it we got a huge decline soon after, and the volatility index traded up to 29 in lock step with the decline

the vix measures fear, so it flies up when the stock market plummets, right? we've got to think like that we then went back to sebastian to see if he thought we saw the bottom he said no, no, no not until we had another huge down day and the vix makes a lower high because that tells us that's less fear in the system and there's going to be buying and that gives you a bit of an all-clear sign guess what when the market broke down yesterday, the vix stopped well short of its previous high as far as he's concerned, that means it's now time. it's okay. that's mismethod of telling us a bottom is at hand. how about that method that tells us if there's too much selling pressure it says we're oversold, but not as much as in february so that suggests we could trade

down what about sentiment i'm hearing a lot of people say they think the market is rigged against them by the big boys i had a question about that yesterday. however, my twitter feed still isn't as negative as i would like but let's think about it i haven't been a cheerleader for this market lately, so i don't know if that's a good barometer. finally, one more trick tells me that we may not have truly bottomed yet "the new york times" has an article about the market's losses on the front page but it's only a one column piece and stuck on the left hand side buried not the right hand top where your eye naturally goes. normally the pain stops when the newspapers give it wall-to-wall coverage when i was on wall street thunderstorm, i saw no satellite trucks you really need to see the terror reverberating beyond the business section before you can

be confident that we have seen a bottom so when you put them together, we haven't reached the extremes of negativity i would like to see. but our best chartists say the bottom might be here my gut says you can like this market for a trade, but unless something changes with the white house or the federal reserve, it's only a trade, because the carnage could resurface at any moment stick with cramer.

long-time viewers know my two favorite stocks are amazon and alphabet and i think people are going to give up on them again. people feel the revenues weren't there. all i'm saying you may realize that these are two very good companies that are doing a lot that is right and don't have china exposure i understand, i understand we're in panic mode. we had a nice respite from panic. it will start all over again tomorrow panic is not a strategy. i like to say there's always a bull market somewhere.

i promise to find it just for you. i'm jim cramer i'll see you tomorrow. >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ who set out to solve a problem she faced as a mom. ♪ hi. i'm ginelle. i am the owner of cool wazoo. i'm here seeking $65,000 in exchange for 25% equity in my company.