and for tim's chinese internet, check out the fsi bouncing off of $40. >> guy >> check out the stealth move in lockheed martin. >> we'll do. thank yo my mission is simple, to make you money i'm here to level the playing field for all investors. there is 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 money. my job is to entertain, teach you. call me or tweet me @jimcramer everybody freaked out today.

what they did was circled back to the stay at home stocks in a bear market territory. that, plus the stern warning from the head of the cdc about the pandemic explain today's action the dow gaining 98 points. s&p declining .09% and the nasdaq lost .60% look, i know that sounds like a silly, if not even just glib analysis from the hedge fund and emotional plea from the head of the cdc to keep your guard up but it caused the action today a maysterious family office, let's not mystify this that's mystifying enough already run by a gentleman by will borrowed a bunch of money. billions and then blew up. somehow this guy was able to hoodwink nearly every firm on wall street borrowing huge sums of money to take down very

concentrated positions in chinese stocks along with american media companies that have been rocket ships for months when viacom it cut in half. this fund didn't have the extra cash to borrow a lot of money so the brokers repossessed everything and dumped it on the open market and i wish i had the option to write the screen play because nobody could believe it could be this -- nobody will believe it's true. the liquidation dinged a bunch of banks with the former saying it endured highly significant losses gold man sachs told us the losss were material and the opening trade took a breather today. by the way, what is it with the foreign banks they still have such horrendous risk controls? i mean, honestly i heard a lot of fretting about what the debacle might mean for the stock market i don't think it will mean anything except this one fund

got away without r outrageous an and judge exposure to rogue accounts and this firm had a checkered history that went unflagged by firms that known better but commission dollars, they are so great. until they crush you see, it wouldn't shock me if some heads roll. they have to because of this debacle because there are people so greedy they have to be furn furnf punished we have a fear of resurging covid infections suggesting the reopening trade could be premature as a vaccinating 3 million people a day the fear of new strains makes perfect sense and many states jumped the gun reopening nearly everything before everybody is vaccinated the head of the cdc feels that way but in a more poignant fashion. she says there could be a fourth wave of covid and warned of i quote, impending doom.

that phrase crushed the restaurant stocks, live entertainment plays flying for months, entertainment plays, oil plays and big cyclical got hurt, too. investors didn't dump everything that's not how this market works. this market is always robbing peter to pay paul. jay peter is the great reopening play and paul is the stay at home stocks that have done, well, let's say they spent months in the dog house. right? nobody wants to stay at home until today. really a strange situation given that goldman sachs is talking about 10% gdp growth next quarter and a wide spread belief we'll have a repeat of the roaring 20s as the world recovered from the spanish flu this is what is called a counter trend move a market lead by clorox is a market saying we're about to head back into a lockdown after a recession like germany seems unlikely to me those stocks seen better days and i don't think they'll make a

ton of sense here but they have fallen so far behind the rest of the market maybe they deserve to play catchup i respect johnson & johnson has a terrific pipeline but those rotations have a lot of power. general mills got gaffed last week but the spector of impending doom can get any serial stock going and higher than reported is extraordinary last week the legendary larry williams suggested buying walmart and costco before the easter holiday they tend to do well this time of the year. both stocks took off remember, these are essential retailers and the rallies came at the expense of the non-essential stores like kohl's and nordstrom. robbing peter to pay paul. walmart and costco are lockdown stocks they are not done. they hdeserve to be in your portfolio. costco sell costco now? walmart down big the remarkable resurgence of

fang, facebook, amazon, netflix and google facebook caught a couple positive research reports today. last week the ceo faced congress in only confused hearing how to regulate social media. once the spoke cleared, you had to expect some analysts to come out and bull face higher because this congress likely won't do anything that's going to hurt facebook's earnings here is an astonishing thing this growth is accelerating and sells at 21.6 times next year's earnings estimates, cheaper than any consumer stock amazon is part of a not so quick to reopening trade for everyone stuck at home. remember those days stuck at home alphabet is two faced. it's a great reopening play because it sells travel advertisers but tends to get dragged along with them. a lot of that is etfs. i bet they will not have legs. when you look at the stocks that got hit today, i don't think they will stay down. the cyclical stayed off from the highly personal and down right scary comments from the cdc

chief. those shook me to the core if she hadn't dropped that line about impending doom, we might have spent more time considering the whole country could be vaccinated by may or the part of the country willing to get shot. so much for success. forget about ghosts and begin to distance ourself from the impending comments there is fallout but you know what i mean. well say, yeah, what was that? the great reopening trade should come back so i take a hard look at disney and boeing the accelerated vaccination timetable means disney's move, movie and theme park businesses can go back to normal sooner than expected and boeing won a big order from southwest air expected to go to airbus the 787 dreamliner was approved for sale after multi month suspension these are positives and the stock would have rallied if we didn't spend the whole day worrying about impending doom. we have to hear from every one

of them before we can get involved, but the most important lesson today is this market is fickle don't dump the counter trend stocks when they are going down. if you're patient, there is always a better time today was that better time bottom line, sooner or later the rotation will change directions meaning money will flow back to the great reopening stocks, the banks and cyclical so use today and perhaps tomorrow to buy them into weakness while you trim your positions into the lockdown stocks because i got a news flash. we are not germany we are ahead of almost every other nation in the world and that's something to be proud of even if we don't want to be the last people to die in the great 2020, 2021 covid-19 pandemic josh in florida, josh? >> caller: mr. cramer with mark trenton at the helm, the hires today to increase the e commerce business owned brands and the earnings in two weeks, do you believe now after this recent pull back is a good time to buy

bed, bathd and beyond. >> yes there is two components here right now we're throwing out the non-essential retailers and bed bat path is fonon-essential. the second thing is remember, this went up because of a short squeeze and a lot of that squeeze is the wall street bets people have to get along this thing and get behind it because i think that's kind of -- that's all right. how many people come on our air and say listen, i own this and you you ought to buy it? if they adopt bed, bath and beyond between now and the report it could be a home run. nathaniel in new york, nathaniel? >> caller: boo-yah jimmy chill. >> what is going on, nathaniel >> caller: huge fan of you and the show here. millennial invesr we have your back. don't worry about the guys on twitter. >> i'm getting to love them. appreciate that but i'm going to

be in places tomorrow night because i'm having a good time on twitter i'm learning from everybody. i'm learning from reddit and game stop and you, nathaniel help me. >> caller: i want to give a shoutout to my two older brothers, jake and anthony, huge fans of the show. >> awesome good shoutout. >> caller: uber's recent update and aggressive acquisition strategy, how do you view uber as a reopening play but long term strategy, as well >> i'm worried we had some sort of robo taxis they couldn't make a lot of money but they then consolidated in the food delivery system. but i need to see this -- i need to see how they do once we reopen because i, as a restauranter, am very afraid that whole takeout stuff and delivery stuff, we want to go and have like a, you know, let's just say some spiked lemonade. how about that

i tried that whatever sooner or later, the reopening trades will be loved again probably going to be sooner so you want to use this weakness to buy them and sell the stocks that went higher today with the exception of fang, which you know i like very much. on "mad money" tonight, the 5 g revolution was supposed to send soaring but the stocks down 30% this month alone what gives red flag or buying opportunity where is my red flag it's somewhere here, you have to trust me i'll talk to the ceo but why can't this market get out of its own way? whole stole my -- ha, ha i'll focus on the stock and what it means for your portfolio's potential. he's one of the highest profile names in the blank check deal making i won't even leave one for my cleaner but billions of dollars and this guy is worth it don't mismy sitdown with the legendary bill foley may i make a suggestion? i would stay with cramer.

>> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. have a question? # #mad #madtweets send jim an email to madmoney@cnbc.com or give us a call at 1-800-74346 cnbc miss something head to "mad momadmoney.cnbc.co. we see smarter software delivering cleaner power. emerson's breakthrough technology enables the power industry to integrate renewable energy sources to modernize and improve the electric grid. emerson. consider it solved.

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okay let's do this. the last two months was brutal for turbo charged growth take inseego gave us gaming it been crushed from $21 at the high in january to nine and change but there is specific

pain when inseego reported, the earnings were weaker than expected and a full year outlook. three of the four analysts that had buy ratings downgraded, the stock lost 30% of the value. this is a broker company or a broken stock that might be giving a descent buying opportunity now that it's literally cut in half. let check in with the chairman and ceo to get a better sense where the company is headed. welcome back to "mad money." >> thanks for having me. >> okay, so dan, we got to go right to it. i usually don't ask ceos to opine on the stock i want them to ochopine on the company but i have to wonder maybe there is an over negative reaction you had a difficult transition to 4 g products but the future is 5 g you got the best 5 g you got the best company in t-mobile so i'm trying to figure out whether the past is prolonged or not. >> well, obviously, i'm not a market pundit but i'll tell you this, we're focused on the long

term trend, the secular trend and for us, it's all about 5 g we continue to see strong demand for 4 g products so think of it like layers onthe cake and 5 g for both consumers as well as enterprise for launching a number of new enterprise products in the first half under wave maker program and then our cloud subscription business grew triple digits last year so i think there is some things going on in the company that we're not getting credit for clearly, tech is a tough market recently but we remain focused on the secular trends and we're centering the company on those. >> but you did say that near term it was hard to predict was a term you used and then you said some of your customers are in a wait and see mode and when i read that, i said ut oh, wait and see may mean there is going to be a gap in your sales and earnings. >> well, we've got, you know,

there is a few dynamics going on at one time. you know, there is the post pach pandemic trend line and surge and demand on the 4 g products last year. abated as you might expected as you predicted, we're seeing demand for the 4 g products higher than we thought we conducted the re knew last year that trend continues up to the right. we tripled our cloud subscription business last year. so i think there is al lot of dynamics in play, crossing vectors but long term trenlds t the right so the investment strategy has not changed one bit. >> is there any relief in the component shortage you eluded to in the call? >> it's a macro dynamic. the long time high tech

components is a fact of life it's not whether that condition exists it's what you do to manage it. we have a supply chain team. we're working with suppliers and buying a long term lead time so it's a balancing act and situation you have to manage but i think we're doing a pretty good job. >> let's talk about the t-mobile 5 g hot spot that was a deal largely contested and you got it what advantages do you have, t-mobile, the most aggressive and best in the business chose you. >> if you look firstly, foremost, t-mobile is obviously very aggressive in the 5 g

market recent analysts in the spectrum auction talked about their ambitions in the enterprise space as a growth component they're focused on our products are for enterprise, speed, reliability, security it was a great product market fit and for them a long standing relationship in our subscription business, which is used to managed subscriptions as well as manage devices. it was a great long term relationship they like what we had and now we're talking to them very extensively about our fixed wireless access product. a great customer and in fact, we're seeing higher growth trends out of t-mobile in the first quarter than our long term customer verizon we're very bullish. >> do we have to worry it's great it's all enterprise but a lot of people feel you're a work from home play in the bucket do you think that's a fair and apt description of inseego

>> it's about connectivity we don't see that abating. that is certainly a benefit for us for both 4 g and 5 g products that's not what we center the company on we see that trend continuing but we make great products for consumers, broad band access to the home and enterprise and i'll say this, we see it as a larger 5 g market than the consumer market and that's why we're very focused there and launching products in the first half of this year that will make for an exciting second half. >> for $9 you're not getting much credit for an unbelievable deal with t-mobile thank you for coming on the show chairman and ceo of inseego. >> thank you, jim. just because the stock goes down doesn't necessarily mean it's bad this is a difficult transition and you heard everything "mad money" is back after the break. coming up, the nova supplied

ipo market might make you want to swing for the fences but could it be better to keep the bat on your shoulder cramer explains, next. ever

. why can't this market get out of it own way? everybody wants to talk about inflation fears in europe or imploding hedge funds but the most important story is the stock glut we've got an over supply situation where there is too much supply. guess what happens price goes down but basic economics 101. too much supply, not enough demand i keep warning you about the stock glut because this stuff never gets the attention it deserves we focus on fundamentals they matter plenty but the stock is more insidious, harder to

track. sure, it would be better to focus on big picture economic developments the fed, it does matter. people ask about interest rates but sometimes the actions about the boring mechanics behind the scenes of the stock market thanks to the spac deals and ipos and secondary offerings, we've been indicatundated with e and there is not enough to sock them up. tonight i'm walking you through details of the stock glut it's coming from every angle. it relentless. why don't we start with the initial public offering. last week the ipo offerings thank you so much, people, published the first quarter review and this document was chilling listen to this, quote, explosive ipo market delivers the busiest quarter since 2000 end quote. when the.com bubble burst back then it was the stock that pushed us over the edge so you never want to see this kind of comparison

it been 20 years but it flagged it then and now. the first quarter isn't even over yet and we've already had more than 100 deals. that's just regular deals. it doesn't include the nearly 300 spac offerings, we'll get to those in a minute. in terms of the amount of money raised, this is the biggest first quarter for the ipo in history with tech and health care deals and there are a lot more on the way next quarter you can tell there is too much supply because many of these deals started to fizzle. according to rerenaissance, the average ipo is percent and 17 traditional deals. you don't want that record more than half broke down below the issue price and that's shameful you had digital ocean, a cloud infrastructure platform for small, medium sized businesses this is the deal wall street couldn't get enough of last year last week digital ocean priced at $47 then opened at $41.50.

that's an instant money loser. it's now at 40 after another bad day cry me an ocean. you had diversity holdings, which is a cleaning and high g - hygiene company. there is no type for that now. diversity priced at 15 three bucks below the bottom and opened lower at $13.50 it rebounded and doesn't inspire a lot of confidence and then there is a chinese internet play that opened down 15% how about alignment health care? a technology kicker. it came public in 18 and went up and by the end of the day, it was down 17 and change the stock made it to 19. not exactly cooking with gas meanwhile, we're getting tons of low quality chinese ipos i have been warning you away from these for years nobody listens these typically perform worse

than their american peers. nobody listens it like i'm not listening, i'm not listening, their stocks are -- got to tell you, the stocks of china, it's the lowest quality export we get. making matters worse, the sp spicket is still open. next month's coin base is doing a massive direct listing no lockup on insider selling that means $90 billion worth of stock will be about to hit the market the market doesn't have a place for that not everybody will sell. that would put this as the same level of the ipo in history. regardless how you feel, that's a lot of stock doesn't help that robinhood we didn't know when that will be. it a tough sell. given so many younger clients are fleeing the market like mad and remember, i notice i didn't

say rats from a sinking ship i didn't use that analogy. i want to repeat, i didn't use it the second piece of the puzzle, the spac lash. these special purpose acquisition companies keep coming even though the whole spac ecosystem is falling apart. so far this year we had 300 spac ipos are managers convince investors to give a big pile of money. that's more spac aurpofferings n all of 2020. typically the shares sit there until management finds something to acquire last week we saw a number of new spacs dropping below $10 called breaking the buck. that's nuts. to a deal these things are piles of cash. cash is easy to value. dropping below $10 is an ominous sign last year whenever a spac announced it was doing a deal, the stock would sore so money managers convipnced themselves. now we mostly stop seeing these pops and believe me, celebrities will run out as fast as they went in.

spacs are actually going down on the news last week tom advantage that's a private spac told us it's buying inner iron source. over the next few days, they lost 5.5% of the value by the way, tom is an excellent firm last tuesday, the spit fire acquisition announced a deal to buy a 3 d printing company hot as a pistol but the stock dropped 5% on the news too many special purpose acquisition vehicles, not enough money to bid up the stocks every dollar is sitting in a new spac is a dollar that can't be used to buy something else including other spacs so an ipo problem and spac problem but we have a secondary problem as publicly traded companies sell for stock to raise money those are primaries but we could them secondaries because once the ipo came, anything after is regarded to secondary. you have ipos from the class of 2020 going back to the wealth of capital and a $920 million offering you got highly successful spac names that want more cash.

quantom scape, 10.4 million shares at 40 which is why the stock plunged from 62 to 42 there is mp materials. secondary skills with a z sold 32 billion shares a big chunk. these are some of the best of the spac stories but cratered under the weight of the shares then more established companies like cvs that sold and that caused a lot of people to think that was the proximate cause of what we saw with that crazy hedge fund one last source of kexcess suppl as the lockups continue, this will get worse because in six months the time when lockups expire you can expect a wave of selling from companies that are coming public now. with this supply, it's no wonder the fast growing tech stocks can't find a bottom. we need to digest the excess that takes time. you can also understand why we crave the food and drug stocks

today because they aren't issuing new shares the bottom line between the ipos and the spac attack and big secondaries, we're being ing fle with stock so the market is going to struggle. there is no sign of that happening yet so you have to keep being careful until wall street realizes the golden goose is about to get the guillotine if they're not careful dan in maine, dan? >> caller: boo-yah jimmy chill. >> boo-yah, dan. what is happening? >> caller: a month ago talked about ubs arena, literally right after carson block came on and released a report saying the logos weren't actually what they had. the renewal rates were bad and john ledecky is the only reason that agreement happen in first place. i tend to like the business model. it is still a steal today at $9 and change -- >> we're in a moment where

nobody wants to touch these. people don't want to own it. it has come down a great deal. but i'm being careful and clear. people do not want these stocks right now and it doesn't seem like it's going to change any time soon. we are being flooded with stock. so the market has to struggle. it's going to struggle a bit until it puts away the stock and the spicket closes they have to push back to the spacs and companies. i've got your back much more "mad money" ahead. what is one of the biggest deal makers in the make of the recent backlash don't miss my sit down with someone doing good for you in the spac world bill foley and with the action inviacom, why that's the wrong conclusion even though the one most readily available and all your calls, rapid fire tonight's edition of the lightening round so stay with cramer.

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in the last couple months the whole spac complex rolled over and everyone has given up on the group on masks even though this might be time to give on some thf skpem a vet train financial executive and chairman of financial that provides title insurance to the mortgage industry and a huge moneymaker and connective chairman of the black knight he's the owner of the las vegas golden nights, really good record but what matters right now is that he's become a major player in the spac space and got two that have announced deals. follow trades under bft and pay safe and a gambling oriented

platform and the original is buying a light solutions a cloud based enterprise software play in the last couple months, both stocks have pulled back substantially. this could be the moment let's go straight to the source with bill followey, the foundern chairman it's an honor to have you on "mad money." >> it's my honor to be here, jim. thanks very much. >> there is something about pay safe that now that i've studied it and admit i hadn't may be the ultimate stock for this moment whether it be with the crypto wallet, connection with draft kings and google pay you have in one company captured exactly the future how did you put this together? we did a serve when we launched trasmine one and two and identified roughly ten to 15 we

were really interested in and pay safe was at the top of the list pay safe and the like were my top two choices and fortunately, i had some good friends of black stone and we were able to negotiate transactions on both companies with different fellows. but it was really a detailed search to find these companies and we want companies that had some size because the spacs are both about a billion and a half in size and in terms of capital being deployed and we're thrilled with both companies, frankly. pay safe in particular is just everywhere in terms of the gaming world and digital wallets, e cash solutions, so i'm -- we actually go public tomorrow we start trading on the new york stock exchange. >> that's one of the reasons i

do not mean to slight a light excuse me for the poet ry becaue a light has automatic data and paychecks and people are familiar with both and it also got a federal theft savings contract that shows you best in show a huge win but we got to talk about your new -- you have this net teller which is a skills and now you've got a partnership with coin base you've got the world, bill it's the world. >> we have a real opportunity with pay safe in terms of the lau launching of north american gaming and being at the heart of it and we're working hard on a couple different partnerships and accusations that will really establish as the i gaming leader in north america so i'm excited about pay safe. it a really a great company. >> i mean, i look at it. i don't want people to get it lost in these different spacs. this is an extremely profitable

company, bill. hugely profitable. >> it is the companies we look for in our spacs, we want real companies with real revenues, real ebita that are some sort of platform to expand and engage and illuminate transactions and really grow the business and i have -- i'm going to make high demands on the management team to grow that business really aggressively and expand margins. so i'm -- as you can tell, i'm very excited about pay safe. >> you should be we have profiled -- we love draft kings. have loved it since we became public you have roblox, fortnight, you own more wallets, is it fair to say, than anyone in the world? >> correct it's true. we're primarily international in terms of our wallet. we're starting

-- domestically but we have ideas to get involved with the brick and mortar businesses and going to cashless in the casinos and we're pretty far along with a couple of different ideas that we've been working on co concurrently with taking basic public. >> one of the things you want to do, you're not a big fan of leverage you're trying to get leverage down as soon as possible. >> absolutely. absolutely our goal is in the case, we're taking it down to 3.5 to 1 and in lights case down from 3 to 1 and that gives us the opportunity to say 4 -1, before row a bit more money, make some significant accusations and as a public company, both pay safe and the like, we have public company stock and they're not -- large floats, you know, pay safe is we took it out at 9 billion it trading for a good deal more than that right now and light is

$7.3 billion transaction in front of the scc now with the second round of comments so we like size and we like as i said real companies and we also bring something else to the party, that's capital. in case and you've mentioned it. in the case of potential redemptions, you know, we have capital to step in and support the acquisition that we're making and a lot of these spacs really don't have the sponsor doesn't have the capital. >> they don't. they don't well -- >> that's a big difference. >> i got to tell you, it is just fabulous you came on the show. these are two great deals. i've studied these deals all weekend. i keep thinking the public are finally going to be treated with two that i think are terrific. that's bill foley, founder and chairman of foley trasimene. if i had to buy a spac, it would be pay safe. "mad money" is back after the break. >> announcer: just chill out. >> the chill man is in the

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instead of you going to it. so when it comes to your business, you know we'll stop at nothing. it is time, it is time for the lightening round buy, buy, buy, sell, sell, sell. and then the lightening round is over are you ready ski daddy? time for the likening round. caroline in new jersey. >> caller: hi, jim, thank you for taking my call thank you for sharing your review financials. such an enjoyable format.

>> much appreciated. thank you. great team allows me to do it. what's up? >> caller: my son and i love watching the company i call about facilitates electronic signatures on documents. should i sign or decline starting a new position in d docusign. >> it a work from home stock and instead of showing another quarter, i think it can stay under pressure because that's how vicious this market really is this is an ugly w market let go to harry in missouri, harry? >> caller: boo-yah, jim, how are you? >> good, how about you >> caller: good, good, i'm a long-time watcher of the show and fan. >> thank you. >> caller: so my question today is i had purchased sun power stock in february before it went downhill. >> right. >> caller: so my question is should i be buying it on the dip now or -- >> hold sun power. that's another stock that's

viewed as part of a pandemic play and by the way, the regular utilities have now been up for seven straight days. isn't that interesting i'm not done i'm going to dan in massachusetts, dan >> caller: jim, thank you very much for taking my call. appreciate it. >> you're welcome. >> caller: listen, i have a question about a stock i think you're the best guy to answer it. >> thank you. >> caller: here is what it is. i had tele teledoc for three mos now. >> it regarded as a stay at home rather than go to the doctor's office, you teledoc. i believe there is an upside but you have to understand it another stock that cratered and people are starting to accept the fact it won't come back. let them sell it and then you can buy more let's go to richard in new york, richard? >> caller: jimmy chill. >> chill man in the house. what's up? >> caller: thank you hey, listen, as a long time listener, i love the way you

deliver the bottom line market news certainly helped me retire strongerly. >> that's great. >> caller: i give my credit all to you thank you, kindly. i'm calling about a stock oscr i got involved in early. >> well, i don't know. that's a bomb. you know, it's a health insurance company nobody wanted. good example what they should have pushed back should have said you know what we're not ready for this deal. come back another time they all got to make the quarters and be greedy and the result is bulls make money, bears make money, pigs nothing. and that, ladies and gentlemen, is the conclusions of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade coming up, when the markets' gears grind your positions into red dust, don't get mad, get "mad money." cramer shares the goods on how to persevere when the market

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thinking about this whole weekend, i don't blame anyone for looking at the carnage in vi viacom the market is rigged and that's a few of them. it's not true it's rigged. it's not it hard to imagine how one family office could bring down these huge stocks with a margin call nobody heard of i still don't know what it is. it is true, one hedgefundandisho money that when one of the positions collapsed, the whole house of cards came tumbling

down when the banks realized they couldn't pay back the margin loans, they had the stocks to limit downside, at least some of them some of them were much better at risk control than others will frost really great analysis and that's why viacom, discovery, gsx, tech doom, ten cent, and so many others got hammered including some you are aware of there so so much leverage you might not been done. i saw on friday morning, holy cow, there is a huge seller of ten cent no, no, a hedge fund but that doesn't mean the market is rigged some had a problem with risk controls i bring this up because the debacle is in many ways a situation with so many owned by younger investors who borrowed

money to door dash, zoom, all great companies that just got smashed by the great reopening rotation most money managers rang the registers and the suits, boomers, whatever you call them and if you're stuck around, you got crushed and playing with borrowed money and risky call options, you got a bliobliterat. they couldn't put out more coll collateral you do that by buying the stock at any price the stock plunged hard but well above where it was when the short squeeze started so it's been a win for people. there are all kinds of these weird situations that can produce wild moves that does not mean the market is rigged, people

i keep hopping on this because once you're convinced the market is a shame, put the statements in a drawer and say the heck with it. you know what? i'll look at my holdings when these stocks come back and that's the mind set. that's a loser attitude, people. positions forgotten are positions that rarely come back. you can't pretend the losses aren't happening something investors tried to do during the.com collapse in 2001. caused a whole generation to give up on the stock market. stay focused, look for opportunity and recognize the business isn't rigged even if sometimes it's real crazy. there is one upside to this debacle. it will hasten our movement through the five stages of sell off grief. we were at stage -- remember i told you last week we were at depression okay now i'm betting that this one puts us at stage five. which is, yes, acceptance. unfortunately, sometimes that means giving up on the entire asset class and i'm trying to

urge you not to do that if you're still watching but if you're not watching, how would you know i just did this acceptance is a mistake. i spent the last couple months warning you to trim the growth stocks because they don't work when the economy is accelerating if you refuse to ring the register on gains and got blown out by the rotation, it's not a vast conspiracy against you. none dare call this a conspiracy it happens when you take profits. people are angry saying ring the register just try to protect you. the only guidance is the process. we had an exceptional period where everything went higher and started them stocks. i guess that meant it went up. the easy way to make money i'm being facetious. stocks go down for those of you who haven't

sold high growth tech stocks, bite the bullet on the next counter trend rally. it not too late. better to take a loss and start over than give up on the entire asset close. i like to say there is always a bull market somewhere i promise to find it for you here on "mad money. i'm jim cramer see you tomorrow "the news with shepard smith" starts now seeking justice for a man who begged for his life. one side says murder, the other says he did it to himself. i'm shepard smith. this is the news on cnbc day one in the trial of the you now fired cop charged in the death of george floyd. both sides presentingtheir cas to the jury. >> mr. derek chauvin betrayed his badge. >> it is a necessary component of policing. striking change. covid cases rising again along with hospitalizations. tonight the stark warning of impending doom from the head of the cnbc. >> right now