called for this is a pretty destabilizing day, very heavy volumes on the downside it seems like it's going to cause people to assess how much far ahead of itself the market has gotten right now watch the bond market for clues of sentiments, very low bond yields at the moment ♪ live from the nasdaq market site in new york city's times square this is "fast money." a major selloff on wall street today, the dow plunging nearly 7%, the worst day since march 16th every single s&p sector finishing the day in the red we have full team coverage today. let's kick things off with bob pasani >> good to see you as always

a much overdue look at the cyclical rally and the reopening story in general the v rally that a lot of people have been hoping for has been inverted there's an inverted v that's actually been happening. let's start with energy stocks marathon, mro. marathon was $6 at the start of the month. it goes to $9 and back to 6. this is essentially an inverted v. hess looks the same way. if you look at general electric, it goes from 6 to 9, i believe, and goes back down again to essentially $6 and change, same situation, a v there caterpillar looks the same way united airlines, we watched with our mouth open it goes from $30 to $50 and back into the $30 range, all of this

in a few weeks the market cap of citi group goes to $60 and back essentially to $48 that's what i'm talking about these inverted v's travel and les yoisure, $30 to . you'd think bond proxies would do well in this environment, but not today. they had a modest rise about 10% in the last few weeks, but even they weren't safe. the market has voted it's frothy. reopening story, it's not a v. what exactly is it we don't quite know. the stimulus story is still there. the fed is still supportive. treatment and vaccine progress, we heard a lot of stories today. i'd say two of the four definitely under some attack today. joe, back to you. >> let's bring in tonight's

trader line-up guy adam mee, similar seymour, karen finerman and steve grasso. steve is following safety guidelines and is required to wear a mask while on the trading floor. karen coming to us from field of dreams i see a baseball diamond, i believe, and ray liotta. i can barely make him out. actually it's a very serious day, no time for levity. guy, tell us about today's selloff. >> joe, thanks it's a long day for you. thanks for being here, joe today's selloff, we've been here before i was thinking something like this would happen, a few hundred s&p points ago in my world, being early is being wrong. for context, i think if you're bullish, you want to see a day

like today now, some of the things that are somewhat disconcerting is the fact that the vix has a 40 handle, which is remarkable given where we were just a few days ago the volatility we're seeing in the bond market, i mean, yields are back to where we were seemingly in terms of volatility back in march. you go from 60 basis points almost to 1%, back down to 65 basis points in percentage point moves, that is extreme in anybody's camp that's a little worrisome. you had a guest on the other day on your great morning show i think boeing was trading on or about $230 at the time and you had $175 price target. here we are seemingly two days later. i think you're looking for opportunities to buy these names. specifically boeing, you take the march low which is $89 to recent high and if you could buy

this stock at 161 or thereabouts which isn't that far from where we are now, that's sort of a 50% retracement. you have to look at things through that lens. >> it was ron epstein of bank of america and it was 160 i was needling him a little bit about you got a 160 price target we're well above 200 before you came on today, why didn't you up your price target? he's not looking too bad at 170. guy, short, sharp, scary corrections normally aren't the kind of thing that is -- i mean, this was awful today watching it is sort of sickening. but it gets us back to still above 3,000 on the s&p suddenly we've engenders a lot of fear again and wrung out some complacency. here we are above 3,000 but we're scared to death again this could get out of hand with the

second wave or something. >> here we are may 29th. yes, it's a scary thing. i don't think it's the bad thing because the way the market was moving unabated over the last couple weeks was scary. what gave us pause was the fact that back in march we saw indiscriminate selling a couple days ago we saw that in reverse. we also mentioned that on a pretty big up day the vix was also higher and that gave us some concern maybe it's all sort of coming out in the wash. to your point, i don't think this is necessarily a bad thing. >> it was not fun to watch and wave all that week that was so amazing up like 7% is gone i'm going counter clockwise. going down to karen. is it a short, sharp correction in an ongoing up trend or is it the beginning of reckoning for the disconnect between all this

scary stuff happening in the world and the market which was soaring? >> well, first, we're going to say thanks for pinch hitting you can come out to the field of dreams here any time you want. a little wet today i'm always long, so i like these sharp down lately i've been finding it's harder to find things to buy, lately being like last tuesday the reversal since then is kind of extraordinary but we're only back to where we were the beginning of last week i kind of like days like this as painful as they are and as much money as i lose on a day like today, i find it sort of a nice washout to look for things to buy again. this move in the vix, that was a 50% move today from 27 to 40 that's an interesting indicator. you talked about are people really getting scared. i think they are

i think it's wort noh noting th morning that steve mnuchin said we are not going to close the economy again even if there is a second wave. that was interesting to me i'm looking for things to buy, not the airlines even though they've come down a lot. i'm looking to buy things that i already own some of like a fedex. i'm looking to buy some banks. friday i wouldn't be surprised if the market trades down again and i'll probably look to buy over the weekend i think this was good. this was healthy and long overdue. >> steve, you would think that the discussion would be that we really can't see that well, but it was all about the sweater with the people in my air and very preppy. looks like you're back in tappa kega brew. that was your fraternity, wasn't it >> first, let's address the sweater. only because there's about 20

pr% of the people normally on the floor of the exchange, it's freezing on the floor. i'm going to get a pass on the sweater. i think it's about 58 degrees on the floor. >> come on. >> i'm going to wear a turtle neck tomorrow. >> at least he's got an excuse, tim, for that thing. >> when you look at the overall market, i think this is constructive from where we came from when i look at the chart, 2200 is where we came from, joe you know better than anybody to have that rally of 47% off the bottom, this is a win. you have the fed, the fed buying corporate junk bonds so i don't think we can get back to 2200 again. having said that, we're back to the 200 day moving average if you want to be constructive, that's where you start from. if you want to look at the overall market, powell yesterday

said that interest rates are going to be stuck here so you understand why value had to back up again you understand why the economy not starting up that quickly is negative for the overall market. but i think this is just a back pedal, maybe a little bit longer but i would think that, to karen's point, get your shopping list ready we're not going back down to 2200 in the s&p. this looks like a little bit of a backup and a biuying opportunity in the macro sense. >> certainly gets your attention, 7% in a day you don't want to string four or five of those together, obviously. >> no you don't. apple is still up 8% over the last five days, boeing still up 18% over the last five days. before yesterday, the previous two weeks we had had, the market had done 10% in nine days. we're reminded through jobless

claims effectively 21 million people continued to file for claims we know there's been some resurgence in covid and the economy is not opening quite as quickly. you have to take this all in the context of where we came from. remember the violence of the move on the way down, some of that was because of the unabashed blowoff top going into this it's a scary day but i don't think things have changed that much day over day. i think we've digested the fed the fed reminded the markets sometimes that bad news can be bad news. >> he's got to live but what he says because he's the head of equity strategy for wells fargo securities chris harvey, do you echo what you're hearing from us here or what do you think? >> i do echo a fair amount of what i'm hearing i think it is a healthy correction i think it was long overdue.

there's been a lot of talk about a second wave. i don't think that's what it was. ithink it was very much fed related. the fed is telling you we're going to keep rates low for longer and longer. two things are going to happen one, that negative interest rate narrative or commentary is going to come back that's not good for risk product or sentiment or the economy. the second thing it's going to do, it's going to flatten the yield curve. same thing there, bad for risk product, bad for the economy, bad for sentiment. but i really do think this is more of a 10% pullback than anything else because the underlying fundamentals are slowly improving the credit markets are wide open credit is widely available we just went too far too fast. i think things probably traded sloppy up until the fed stress test or maybe q-2 earnings eventually they'll start to work themselves out because i think the commentary that the numbers

will be very difficult in q-2 will be constructive may was better than april, june was better than may and jewel not so ba july not so bad. >> you've ascribed it more to the fed than worries about the pandemic i asked jim grant this morning whether ever comes the day where the fed is actually part of the problem for what's happening instead of the solution. we all think the fed has done a great job. but guys like jim grant think we're never getting out of this, that the size of the balance sheet at this point and the central banks around the world, the negative rates and beggar thy neighbor and everything else, he actually thinks the fed is part of the problem, not the solution do you think that? >> so the fed did a great job back in march and they did a great job with a lot of the facilities, especially the credit facilities. but i will point out that to the

best of my knowledge the fed hasn't purchased a single corporate bond the issue i have with the fed is they keep saying or thinking that lower rates are the solution and that's not the solution anymore. i think what the fed did for many years is that provided too much liquidity, too much capacity we never had pricing power, we didn't have inflation. they were part of the problem. i take the good with the bad they've done some really great things, but some of the things they're doing, i think they need to work on some of their communication and i think they need to really understand better what they're communicating to the bond market, to the yield curve and to investors, because lower rates are not always a solution and i don't think that's the solution right here right now. >> there is a vocal group of people that you see on the internet and elsewhere about central banks and the fed and everything else. everybody is saying, yeah, the

fed did it today but they did it just because of their economic take on what's happening chris, thank you guy, what do you think on what chris said and just on the notion that there could be, i don't know when, i mean inflation doesn't seem bad, but there could be a day of reckoning someday for the fed? >> yeah. it's interesting i mean, i sort of come down on the other side on the jim grant side where i think the fed is more part of the problem if you're just looking through the prism of the market, the fed's been unbelievable for the market broader looking, i think the fed has gone down a rabbit hole that they're never going to be able to extricate themselves from, which is problematic i don't know when that's problematic. i think again to chris's point they've put in a bit of a buffer where the credit markets are not going to have that exogenous

event like we saw in march i think that's positive. they've moved so quickly the banks, for example, and i think dan nathan has done a really good job with these jp morgan, for example, got to 115. we talked about 115 just in t m terms of the metric. now i think again and i think karen would agree with this, you're looking for levels to get back in to these names >> we'll talk more about that. karen, i would have gone to you or tim i'm just reading it said guy, ask guy what he thinks i don't know who made guy king >> no, that's fine. >> that's a beautiful backdrop >> he is king. >> he is king. king guy we're just getting started here on "fast money." up next, the collapse in crude oil tanking in the selloff

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it's scary bear. welcome back to "fast money. crude oil getting crushes. wti falling nearly 9%. energy was the worst performing sector today that's no small feat to be the worst sector today with some of those extended airlines and travel related stocks. how are you trading these names

and what happened? >> well, i'm trading at least one or two of them from the long side i'm trading them in the context of something that is down 22% in three days b what they gave you coming out of their first quarter earnings was not only a dividend cut, a look into a business realignment strategy that indicates some divestments. i think oil technology, i think the oil sector and energy independence and i think these guys have been very prudent in how they've looked at the balance sheets the energy sector has the highest beta of any sector in the s&p right now because of where it's come from you know, you can make an argument that the fundamentals are still very poor, but as we like to say you make the most money when things go from terrible to just bad some of the headwinds for energy and oil in particular over the last few days is we're getting

some sense that drilling activity in the basins has increased significantly. we've also got some sense that there's more of a backstop on the debt of some of these less stable companies that's great for the companies and investors, but it's not necessarily good for the sector to be overproducing and keeping poor companies alive this is kind of the crossharris now. it's a longer term holding and certainly one that we think when we see oil prices normalize, it's a name i'm going to be very happy owning. >> they all went down by not wildly different amounts

it was across the board risk off. i own other things that are down equally as much as if they were an oil name. >> anybody in the market probably had that experience today. we're going to take another break and then we'll be back coming up, much more on today's big sell-off how would you manage your winning trades and you get caught up in today's slide we're headed to trade school, next

there it was welcome back to "fast money. i there was a major sell-off on wall street, the dow dropping nearly 7%. when you're up in the high 20s, that can be a big number, almost 1900 points. its worst day since march 16th today's big slide the first real test for a flood of new investors who have recently piled into the market into some, i guess, speculative names at least. let's get to leslie picker. >> welcome to the stock market, lots of increased interest from retail investors who have been partially responsible for some of those wild swings in bankrupt or near bankrupt companies over the last week that we've seen. it's left the so-called smart money kind of dumbfounded. the laws of finance say that equity holders rarely recover

money in bankruptcy because bondholders in order of seniority get paid first when shares of companies in chapter 11 began soaring last week, it defied all logic. that was at the expense of some sophisticated hedge funds on the other side of that trade the hedge fund strategy is called capital structure a arbitrage. this involves shorting the equity while going long with bonds to capture missed pricings up and down the capital structu structure. over the last wheeng day traders started bidding up shares of bankrupt companies, it caused a short squeeze, sending stocks higher as hedge funds were forced to cover. when you look at the number of shares shorted in names like hertz, jc penney and whiting paro

petroleum those are way down over the last month. >> karen, what's your take on this this isn't the first time in speculative, somewhat speculative times that you see stocks like this behave in ways may not make a lot of sense when it's all said and done. >> yeah. it makes no sense. you look at the capital structure. the bonds are trading in the high 30s for some of the mid level bonds. the equity is ridiculous it's worse than the internet bubble in that i think the internet bubble you could buy the story of a dream, i guess. here, it seemed to me so much of the volume has no idea how bankruptcy works and is sort of just choosing to ignore it, hoping that the greater fool is out there. i wouldn't touch any of this stuff. >> let's talk more about the day

trading boom and one stock newbie investors have been betting on is carnival cruise lines. it's one of the most activity traded stocks on the robinhood app and it fell 15% today. if you're in this name and you're wondering how to get out, you're in luck it's time for trade school steve grasso take it away. >> usually when you trade a stock like this, if you're lucky enough to pick it at the bottom, so it came in today but it's up over 200% off the low. you're lucky enough to buy it off that low, you have to have an idea where the resistance is. that resistance could be a moving average, it could be a bounce level, it could be a fib retracement. i look at the fibs when you look at a resistance level, look at where it starts to roll of on a chart you see where it hits that wall.

almost down to the dime when you look at your fib balance levels or your fib retracements, at that point as a trader you need to sell either all of it, some of it, a partial my rule of thumb is sell 25% this way, if it trades back down and trades right back up for resistance, it's going to pop through that resistance and you still have upside potential. if it does not return, you look between that level of resistance and a momentum indicator i look at the 20-day average it's referred to as the momentum indicator. you divide up in segments of 25% down to the resistance of the momentum indicator every time it breaks down into four equal parts you sell another 25%. once you get down to that momentum indicator which is the 20-day moving average, which it was basically not there yet

today, you should be out of the stock if it breaks that level. you should only be holding 25% of the position. if you have that position left and it bounces like these technicals and these volatile markets do, you still have some upside potential and the name if it breaks through, you're only left holding the bag on 25% of the position that's the way to be disciplined. that's the way to trade these highly volatile names in a retail market. >> makes sense guy, i have to ask you for your take on strooeve's strategy and whether you'd ever wear that sweater. >> couple things i can't see his sweater because i'm speaking into a blank screen, number one the only two things tough do in life are pay taxes and die you don't have to come to me you're choosing to, which is fine i hear what steve is saying. what steve would also add is you have to have a plan before you

enter into these trades. for example if you were lucky enough to buy ccl at $10, it went to $20 in a heartbeat if you fail to plan as warren buffett says, you plan to fail this thing should be on auto pilot once you buy it. to a certain extend that's what steve was so craftilyy lily elu too. >> you can't fault people for taking a flyer it doesn't sound like a way to build wealth over time, right, steve, or anybody? >> here's the problem, joe when you look at these names, a profit is a profit is a profit so when you're talking about building wealth, when you're investing and looking for daily increments or hourly increments, if you can clip 10% in these markets, which we see this on a

daily basis, stocks are moving 5 and 10% swings they are building real wealth. they're not investing. they're trading and that's a huge difference. >> it certainly makes "fast money" an important part of their lives too. they should be watching. thank you. coming up, investors rolling the dice on casino stocks. they got burned today. why there could be more pain ahead for the sector first we have some after hours action on this busy thursday lululemon and adobe are both on the move after reporting results. we'll break down the action when "fast money" returns ne collaboration... how we come up with new ways to serve our customers... and deliver our products. but no matter how things change,

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welcome back to "fast money. we have an earnings alert. shares of lululemon and adobe are reporting results. >> lulu with earnings and revenue for the first time in three years, shares diving after hours about 7.5% they've run up about 51% in the last three months. stores were closed for much of the quarter. online sales grew 68%. th they did not report any comparable sales or give guidance margins did fall more than 2.5%

to hit the lowest level in three years. about 60% of lulu stores are open globally. lulu does say it has sufficient liquidity at $1.2 billion. like many retailers lululemon saw these distinct phases in the quarter as covid-19 spread throughout the world on the conference call the ceo talked about phase one he called that precrisis part of the quarter where comps increased nearly 20% things were looking normal in phase two as the virus spread in the u.s. and europe, lululemon had to close the majority of stores in those regions. i-commer e-commerce started to accelerate in april e-commerce comps up 125%

that momentum continuing into the current quarter. comps up were up in april with momentum continue into this quarter. they're looking at the trends in china where things are normalizing. >> karen, you are long lululemon. what's your take on the quarter? >> i am. clearly i overstated my welcome with it not just down in the after hours. also had a pretty bad day down 15 bucks in the regular trading session. i thought the margins hung in there really well. i thought the revenue line would beat in fact, it missed it's an extraordinary business i think at this valuation the position will be taken away from

me, but i like the name. i was clearly wrong in how they would do this quarter. there were some impressive things but when your stock runs up as much as it has, i should have listened to steve's last piece. i'd let it settle out before i would buy it again. >> obviously we can't own stocks but i own so many of those pants. i don't know whether you guys have them, the abc pants, but i have not worn another pair of pants in well over a year or maybe even longer than that. >> yeah. >> they just feel like jeans they don't look like jeans so you can get by with them guy or tim, anyone else long or comments on this, steve? >> look, you're a fashion plate, joe. clearly when i saw you wearing them, i had to go out and get a

few pairs myself >> what about the stock, seriously? what a move it's made. i'm not kidding i think part of it is because these crazy pants that so many men, sorkin has a pair now. >> oh yeah the market growth from the male population is a big part of the upgrades also this dtc story of which is now 54% of sales and was up almost 70% year over year, that's part of the excitement. people like karen have been a part of rallying this stock. it's been extraordinary. taking profits even know has been very beneficial to a lot of people that have been long. >> we'll move onto adobe the stock is moving higher in the after hours. josh lipton has the details in this. >> head into this report, stock got hit in today's trade but it

was still rallying about 50% from march lows. if you look at the reports, digital media was up 18% to $2.23 billion. digital experience, 836 million. guidance was light relative to expectations i did domestic with kirk over at everycore. kirk liked what he saw in this report it was above expectations. that signals, circumstance saki the company is deliveri ining hr he feels of profitability. on the call the company's ceo saying the company's q-2 did coincide with what he hopes was the peak of the pandemic nevertheless, adobe drove strong

performance. in times of uncertainty, he was arguing on the call, people are turning to adobe's products to learn and work in the digital experience segment, yes, the economic challenges enterprise customers are facing did impact bookings and as did the decline but he called those short-term challenges for more from the ceo, he joins our own jim cramer tonight on "mad money". >> grasso, you got this one? >> the way i would trade this one is, first of all, adobe is up 17% year to date. so to mute your exposure to any one software name, i shares has an etf it's igv is the ticker symbol. the top two positions are microsoft and adobe and then you get your salesforce and service now below that this fund is up 19% year to

date this has definitely benefitted from the stay-at-home, shelter-in-place software that everyone has needed. for me i bought this for my kids i would buy this for myself. i think this is a better way to play it. you don't have to be tied to one stock. although i love adobe, i think you have to mute your risk i own microsoft as well, but i think youneed a fund like this that helps you blanket that exposure this is where the growth is. the growth is not in energy stocks or value going forward. it's going to be right here at the center of tech >> very good thanks, steve. coming up, looking for a bright spot. options traders are betting on a double digit rally in this name. plus, the casino stocks hit hard in today's sell-off. should you take a gamble on any of these names that debate is ahead as hwee wd

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say "yes" to allegra-d. welcome back to "fast money. stocks getting slammed today, the s&p 500 falling nearly 6%. today's sell-off sending investors into gold. when i asked the harbinger, the c c canary in the gold mine. he says gold and silver. you think it's a time to be

buying gold too? >> i do. i think precious metals as an asset class are going to continue to run. they had taken a breath and it's actually very good for investors here obviously gold had been a very hot trade really since the fed came into play gold's been a very hot trade now for a good year. i do think the dynamics of the fed pretty much admitting they are nowhere near their inflation target and they can't get to it. people talk about all those scenarios where you can buy gold and why gold would be a good hedge. but deflation to me is more important than inflation i think that's where we're going to see issues. i will say about gold when we've seen massive hiliquidation in markets, days like today strung together, we have seen gold be a place where margin calls and profit taking have stalled the gold rally in the first couple days of this volatility. but you really want to grab it

and move higher. i expect gold to get to all-time highs. for the next two years they're going to be effectively at zero. >> so through 2000. >> 2022. >> the precious metal itself will finally eclipse those levels. >> i'm sorry it's not going to happen tomorrow and i think that's major major resistance but i do think you have a case where we've set the stage for dpoeld gold to make the next move in its rally. >> speaking of gold, the miners didn't track with gold's move. the gdxetf tumbling 5% option traders are starting to take a shine to one name in the group. let's get to mike khouw with the action take it away, t-bone.

>> the is to be i was taking was ticker symbol gld. a lot of this activity was concentrated in the june 26th weekly strike put. those are the calls that are going to expire two weeks from tomorrow the buyers were paying just under $1 for those calls that would take it over 27 in the next two weeks the stock closed just below 25 now, people who are watching the options markets may have observed that there was a big block of the 25 strike puts that also traded. that wasn't the bearish bet. the bearish bet was made in early made and they were taking that off today some people were taking advantage of today's weakness to get bullish and others were taking advantage of today's weakness to goat less bearish. in both cases they were making

basically less bullish bets. >> it's almost friday. for more options action, there it's going to be tomorrow it's almost friday 5:30 tomorrow "options action. coming up, the casino collapse, gambling stocks crap out. we're going to find out what's next for these names. the only stock in the s&p 500 able to eke out a gain today. kroger i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations.

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welcome back casino stocks getting rocked in today's market selloff >> wynn gave investors some intraquarter color it was pretty dark

tourists have not been allowed back back wynn is losing about $2 million per day. it just reopened in las vegas one week ago massachusetts is still cleosed las vegas sands too would be seeing a failure to launch las vegas sands makes up only about 10% of its revenues. in the u.s. rising covid cases following states reopening, worries about recession and unemployment may be tamping down some of that enthusiasm that we saw driving shares higher over the last month, triple digit gains in some cases. mgm resorts down 13% penn, el dora raadodorado.

he told me, quote, we are still 100% moving forward and expect late june, early july close. j >> thank you i'm going to get tim seymour's take on casinos. i'm going to preface it with one thing, tim if you got like a betting online thing, it's big. i have now bet on golf i have done it it's all i got and i bet on golf for today's tournament that's what it's come to i do have somemoney in draft kings on golf. what's your take >> okay. when i set up my online gaming business, i'm going to you for a big account. if you look at the casinos, contessa did a great job of laying out some of theissues

i think the story on wynn was this was a stock that it has the volatility and momentum of some of the other cruise lines, airlines, boeing, transports it was up 26% three days going into the preceding three days. the up trend is still alive. i'm not saying there isn't a little bit more caution. we played a video here about a week and a half ago showing how as casinos reopened, there was little concern around social distancing on some level, while that's concerning from a social perspective, it gave a little bit more of a boost to the casinos than maybe should have been we should wait and see what the impact is on social distancing from the domestic market

>> karen, do you play in this arena? >> no, i don't i've heard that actually golf better today was, i mean, the volume of bets was enormous. i guess it's a good out lelet. there's no sports to bet on, so this is where the gamblers are going. neither are for me neither golf, nor bankrupt securities i know, boring >> it's a golf channel event, so a sister network anyway up next, your final trade. achievable steps along the way... ...so we can spend a bit now, knowing we're prepared for the future. surprise! we renovated the guest room, so you can live with us. oooh, well... i'm good at my condo. oh. i love her condo. nana throws the best parties.

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no way on one show? welcome back to "fast money. here's a look ahead at what's coming up tomorrow on "squawkbox." it's time for the final trade. let's go around the horn karen? >> thanks for being here, joe. tomorrow i'll be looking to buy some fedex if it gets to 125, which if the market were open another 20 minutes it would have gotten today >> tim >> sweet abc pants, joe. starbucks down 13% over two days this is a massive move it will be there even if commuter activity is slower in the next few months. >> steve >> yesterday there was a headline on spotify that said

june 19th 230 calls trading five times the normal achblverage i bought some yesterday and today. i get a chance to see spot run >> guy, you got three >> gold. >> all right 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 make you some money. my job is not just to entertain but to educate and teach, put it in context call me 1-800-743-cnbc or tweet me @jimcramer thedow plummeted 1,862