some of the big names make up a big weight of that >> i appreciated that, dan guy adami? >> amen. that whole thing we did got me thinking, amat >> all right thanks for watching "fast money. see you back here tomorrow at 5:00 for more "fast. meantime, don't go anywhere. 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 a little money my job is not just to entertain you but put it in context. call me at 1-800-743-cnbc or tweet me @jimcramer. why do i like technology stocks

so much or why have i fallen in love with fang, facebook, amazon, netflix and google and whether i've gone gaga for microsoft or lost my mind whether i named my rescue dog after the finest semi conductor of all time. nvidia when the dow declined 55 and s&p dipped and nasdaq lost .63%, i want to say are you kidding me the best tech stocks work because the companies underneath them are constantly innovating they never stop changing usually for the better just today we saw two textbook cases, two examples. one when nvidia held the yearly presentation to endless and the other for microsoft. this analyst meeting is typically new products, chips for autonomous cars to high performance units that are ten times faster than the current chips to ones that can directly challenge intel, amd, cpu space

but there was much more to it this time. i'm stunned by the boldness of what they revealed, the boldness of processcessors named grace a grace was a pioneer in program they are directly challenging not just intel that was too negative because there is much more to it they are challenging all hardware and software alike. you know what? i didn't think it was possible but ceo jenson has out done himself and i say that as someone who regular recalls him the divinci of our time. quote, nvidia is a computer platform company helping to advance the work for the di divincis of our time and saying nvidia is the instrument for our life's work. your life's work i know kind of sounds crazy

nvidia is old business i say that because the company used today to preannounce sharply better than expected numbers as products came out, the stock was creeping higher but nvidia raised numbers beyond the loftiest projections it took offgaining 5% on the day why is this so important to me why did i rename my dog everest of this living, breathing organization that is nvidia, it is simple because this company reinvents itself every single year not every six years or ten years. every year which is how it become something that indeed the most valuable semi conductor company in america. after today there is a semi conductor company that's too small. these divisions are meant to be written on and loaded with artificial intelligence software do they have a semi software company?

soft semi? those don't do it justice. i have to come up with a new name, new category we'll call it the goat that is greatest of all time for tech never afraid to challenge the conventional wisdom and right now it says amutonomous driving might be a bust but they have not given up on practical realities for the $10 trillion auto market self-driving cars. when i was out there, jensen showed where they were on autonomous, which he admitted was very tough to do to see him say something was tough to do, holy cow. well, anyway, they did it. nvidia is not afraid to better the their product. following the footsteps of andy grove who wrote the best business book of all time, nvidia crushed the offerings with devices ten times more powerful let reduce everything to what

wall street wants, which is big numbers, i've said time and again that nvidia stock always looks expensive. at any given moment, it seems like it sells at a gigantic price to earnings multiple it's so expensive that both analysts and institutions reject the valuation and go looking for bargains elsewhere that is a huge mistake nvidia stock looks expensive because the company almost always beatingsearnings. the stock ultimately turns out to be cheap in retrospect while the value plays are more expensive than we thought. more expensive than they looked. why? because they missed the numbers. after this preannouncement, it will be bumped up once again and this won't be the last time. a company that can't meet the demand for products is a company that can surprise the upside, which is how a seemingly

expensive stock turns out to be, get this, it's going to come back and hunt me no, a value play there is another way tech companies reinvent themselves. microsoft announced it's buying a formally second rate catch all of technology that has worked to develop conversational artificial intelligence that can help digitize one of the most stubborn segments of this entire economy. health care. yes, strong ties with two big electronic medical record plays, the privately held epic and cerner as ceos explain to me when i asked him if this merger would benefit the patient, it's really meant he said to make it so doctors don't have to spend two hours doing paperwork for every hour they spend treating people. this is a $19.7 billion deal, which would be a massive amount of money with most companies, so big they expect there to be a stock component to pay for the whole thing but for a $1.9

trillion tech titan like microsoft, it's chump change they're swimming in cash with 130 billion. still, when he was on squawk on the street, he said it could double the market, which is remarkable once again, a tech stock that looked pricey because it was trading at roughly 35 times earnings suddenly seems a lot cheaper to me. these kinds of moves, they simply aren't that unusual in the tech world, although they are in other markets sometimes these companies are making far less money than they could be hey, look, the other day a co-worker of mine asked how much facebook makes from what's app i said it free i feel the same way about alphabet that can do more with you tube apple is invented by the day as they warning us it will miss numbers because of the heavy rely iance on smart phone.

amazon, do you want to bet on them when every company is affiliated in someway? it's always funny. they always work into the presentations. these reinventions are all part of what happens when a tech company puts out what has been on the drawing board for years i had to wonder why people in the end were so astonished when nvidia unveiled today. what did they think would happen did they expect increate mental changes to the lineup? hey, by the way, they did augment the crypto mining business, something that should help drive stock tomorrow when the analyst have the highlights of today's meeting did they announce plans to possibly go head-to-head with intel many years down the road that's not nvidia. that's not jensen and that's why when you invest in tech, you're betting on a company's future vision

you're going to earn, which will be more than predicted let's take some calls. i'm going to brad in kentucky, brad >> caller: hey, jim, how are you doing? >> brad. i am doing well, how about you, bradley? good deal. >> caller: i'm doing well. >> hit me. >> caller: so here is my question. >> sure. >> caller: online gaming, why does it seem to be lagging behind the sports betting and gaming sector? it looks to have proven leadership and has more exposure to i gaming which looks like it will be more profitable than sports betting alone. >> i'm inyour camp, my friend. this is the smackdown of the

spacs but you're on to something and tillman would be the real deal look at nvidia, look at what it's -- nvidia, my dog all right. nvidia lives on with jenson. the best tech stocks work because the companies are constantly innovating like nvidia on "mad money" tonight, honey well and boeing, they gave you mixed messages last friday session so could one of these industrials bring more power to your portfolio i'm giving you my take then, the pandemic put a focus on differences between big and small and business but in a post vaccine world, who will prevail? i'm taking a closer look at the space and "saturday night live" posed the question what the heck is an nft? i'm checking in with a private player that wants to shake up the market with a fresh perspective. my suggestion, stay with cramer. >> announcer: don't miss a second of "mad money." foll follow @jimcramer on twitter have a question, tweet cramer

#madtweets send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to "mad madmoney.cnbc.com. did you know that petco, is now a health and wellness company? their groomers work wonders for my confidence.

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last friday we got a moment, a tale of two industrials. the best at times for honey well up 3%. the best performer of the dow jones industrial average it was the worst of times for boeing down about $3. the third worst performer in the dow. you barely see these two stocks headed in opposite directions. these two aerospace plays, well, let's just leave them at aerospace for now. they are different industrials that spent the last six months roaring. in fact, i like them so much we

own both stocks for the travel trust you can follow by joining the actionalertsplus.com club. we have a 42% gain in boeing and 47% gain in honey well talk about trading together. what happened on friday that drive in opposite directions honey well got an upgrade from deutsche bank. boeing disclosed a new electrical issue with the 737 max. the plane that got approval to fly again six months ago the last thing you want to hear. >> sell, sell, sell. >> the stock was down 1%, i thought it would be down 5%. tells you everything you need to know about this one. boeing has too much going for shareholders to get spooked by a bad headline i'm going to go one step further. i think both stocks are buys right now, believe it or not, boeing is pure stock over the next six to 12 months.

hey, don't laugh at this we'll stick with honey well for the travel turust, too. with short term turbulence, boeing is positioned as the great reopening goes into full swing. today's decline on research about corporate governments as a non-issue. down $3, let's just say. >> buy, buy, buy. >> let me walk you through friday's action to explain what makes honey well so terrific and why boeing is better we'll start with honey well. a power house with exposure to aerospace, specialty chemicals, safety technology and health care last year was an ugly time for the industrials with covid shutting down vast swaths of the global economy, especially air travel, most of the business got hammered with one big exception. the safety and productivity division that came out of 2020 with a growth rate of nearly 30%. makes sense. this is a division where they make personal protective equipment, ppe they collaborated with will i am on the super mask.

we highlighted just last week as part of a new push into high-end health care. they also got a ton of e commerce exposure thanks to this amazing warehouse division they have that automates solutions. now the rest of the company is making a phenomenal turn around courtesy of the great reopening. honey well's climate control business is roaring as companies prepare to welcome employees back to work investing in better heating and air conditioning ventilation, hvac and cutting exposure to covid. the division will roll as air lives place big orders to prepare for a boom in air travel a ton of exposure to the energy markets, as we know are recovering nicely and that's why the stock is up 29% for the end of 2019 before anyone heard of the novel coronavirus however after a huge run last fall, honey well spent the last few months trading sideways. unbelievable

before friday's rally, you know it had been one of the worst performing industrials for 2021, sobering it brings us to last week's analyst action last thursday, the cold deblaze at deutsche bank upgrade d the stock. she thinks honey well's performance is ridiculous with terrific exposure to a rapidly expanding economy and points out honey well could have $21 billion of cash firepower that it can use for accusations or buybacks or the next three years giving the earnings a 20% boost that alone is compelling then, the very next day, the brilliant steve at jp morgan published an extraordinary bullish note pound the table on the rating and raised the price target from $200 to $250 that's a huge boost. he called honey well the best mega cap setup in 20 years which is unbelievable praise from the stingy analysts.

he explains quote the fundamental setup is as good as it gets for the next three to four years end quote and thinks earnings could rise 15 to 20% compound annual growth rate. that's extraordinary something no mega cap industrial pulled off since ge in the lat '90s and this time would do it with the smoke and mirrors they expect hon thouey well to benefit. the stock is trading like an average industrial but there is a best of breed. i think it's a software company and health care company. he is dead right as much as i like honey well, i got to tell you, for the moment, guess what i actually think boeing, the stock, maybe an even better buy over the next 12 months despite the 737 max hickup we found out. this plane got permission to fly in november after being grounded following a pair of horrific crashes. we found out boeing recommended

that its customers ground a particular bach of these jets, 90 of them total i found it discouraging and no wonder the stock sold off a bit giving people flash backs of 2019 when problems with the 737 max crushed the stock. boeing is trying to rehabilitate so they have to take the most minor issues very seriously. a lot of people saw this and decided to sell first and ask questions later. no that's completely wrong. >> boo >> however, when you actually see this is not a reason to sell boeing in fact, it's a borderline issue. sure 90 planes had to be grounded until the problem gets fixed but boeing says repairs will take hours or at the most a few days it nothing like the serious that every 737 max grounded for over a year it's not enough to derail this incredible comeback story. this small issue aside really is back see, this used to be boeing's

most popular plane that got recertified as airlines were getting ready to place orders again in anticipation of the great ohreopening and that's why we own it in the travel trust. if you look at the monthly survey of air travel intentions, demand is almost back. this is stunning precovid baseline already seeing the airlines start to place big orders including for the max last month united airlines, fixing up the balance sheet ordered 25 and moved up delivery from several dozen to others they previously purchased. sounds like the plane is doing well a week later, we have boeing's february orders. they sold 31 planes. the first month of positive sales since november 2019. you know what i think? the inflection point is here even better, two weeks ago southwest airlines, which is probably one of the savviest, they announced they're sticking with the max i thought they might go to airbus and ordered 100 planes with 155 more and savvy operator

or 27 along with 15 options. no wonder boeing stock has been able to rally from 144 in late october to nearly $250 right now even as it pulled back $30 it's got a lot of room to run. the airlines need more capacity and that means they have to order from either boeing or airbus with interest rate sos so low t can buy it with the money. this is nirvana. boeing is doing well and right now it's a better company but with stocks, remember, those are two different things it boeing's time to shine. great reopening and you got to use this pull back as a buying opportunity. much more had "mad money" ahead. the restaurant staying power and what businesses are staying

here then the recent boom in digital collectibles like a lot of other people don't miss the founders of an nft startup to explain it all. it called recure and tonight's edition of the lightning round so stay with cramer.

♪ ♪ ♪ ♪ ♪ ♪ hey google, turn up the heat. ♪ ♪ ♪ with a bang, energy and change came to every part of our universe. seismic or small, it continues.

change is all around us. shaped by technology and human ingenuity, we can make it work for you and your business. did you know that petco, is now a health and wellness company? their groomers work wonders for my confidence. i trust their vets, and i'm known to have trust issues. they deliver high quality food the same day. i was outside digging, what'd i miss?

just everything regarding our physical, social, and mental health. exciting. i'm gonna take a spin around the room. great idea. ♪ ♪ petco. the health and wellness company. it's finally happening the last man standing scenario is here. after a year of carnage, big businesses with deep pockets are triumphing over smaller competitors that didn't make it. today, chipotle caught multiple p price target boosts in an upgrade. the s&ps are flying upward with incredible speed raymond james that upgraded the stock believes the company could earn $5.50 per share much higher than the consensus

that explains why the stock is doing well and i think even that number could prove to be too low. why? because we're starting to realize that the 80,000 odd restaurants that have closed simply, well, they're not going to come back no so the last man standing are reigning supreme chipotle is the most digitized i've been pounding the table on the stock since it became clear they had enough takeout and delivery business to offset what they lost from in person dining. although, we love the stock for more than 1,100 points if you look back. with the great reopening, chipotle is taking a great share. the stock could have an incredible run after the $1,539 up $8 after being up much more earlier in the day because consumers save so much money over the past year get this, americans might have 2 trillion, that's right, t, trillion in disposable income

here if restaurants managed to hang on, the balance sheets, the american balance sheets. as the gene links, once people get vaccinated the first thing they do is go to a restaurant. darden plunged head first into the restaurant and will take share from the dead restaurant cohort the parent of olive garden flexed muscles and used considerable cash flow to pull away from the pact as the owner of a couple restaurants companies like darden and chipotle are taking share from empty store fronts and closing those who couldn't afford to stay in, that couldn't stay in business with all that covid related occupancy problems, the restrictions, i've got to tell you, the socially distance killed them look, some restaurants will be

mothball when there is no social distance the requirements of the second round of the paycheck protection program were so complicated many small businesses didn't bother to try the government really did try the best to save them. no, in fact, i'd argue the pandemic lasted just enough to wipe out the little guys leaving the larger players with the cheesecake factories, texas road house, they are doing incredibly well i also expect starbucks to report much better numbers for the same reason. so many corner coffee shops didn't make it which means the estimate should be way too low starbucks has been thoroughly digitized, especially takeout. they brought in kevin johnson, a tech guy and ceo not long before

the pandemic hit talk about foresight this stock moved i wish it could take a breather but a breather let just say if the s&p turn out to be low, the breather will turn out to be the time to buy. now, the real question is will the move have staying power as we lap the beginning of the pandemic for example, what happens to the essential stores after we analyze the crazed pantry stocking from march of last year will we see a big year over year drop off not so fast. last week costco released the march numbers. they release monthly numbers and i got to tell you they delivered a 17% same store sales growth and that's extraordinarily it was 11% if you take out gasoline still amazing. almost all departments were stellar. if you go back to the last quarterly conference call, costco saw incredible gains. food up high single digits liquor, frozen food, coolers up

20%. soft lines up 20% and fresh foods up low 20s money managers took one look at these blowout numbers and they declared that this was costco's last good quarter. they figured comparisons will get so much more difficult once they lap one of the best months ever they figured it was over for costco march 2021 was supposed to be disappointing but you know what? they got it wrong. it turned out to be fantastic. because wall street is under estimating the last man standing effect the march sales numbers should have ignited the stock more than it did it's shocking. that's proof the customers sample costco and by the way, the samples aren't available they sample costco and stuck with costco. it doesn't hurt that they also had very strong executive membership signups i love that stream of income now, if you listen to the last

conference call, you might have seen this coming as the terrific cfo, this guy is a genius he explained some of the st stickiness relates to certain aspects of retail that have been closed for good. when they are closed for good, they don't rise from the dead. this isn't a zombie movie. like last man standing the western second best remake of yo jimbo which is a high praise considering the first remark was a fist full of dollars. costco is still growing like crazy when compared to a year ago everyone was stocking up on toilet paper and canned goods. costco had a lot more competition and the stock is down 3% for the year i regard that as an absurdity. it will be reckfied as they prove the estimates were way too low. here is one that a lot of people don't agree with but i think they will be willing i think costco, the analog should be a major upside surprise for amazon.

costco is still bulking up on e commerce and nowhere near amazon and comparable in they have huge subscription businesses that picked up customers that decided to stick with them as the world goes back to normal. as i see it, you can pretty much buy amazon safely right here, right now tomorrow morning especially after that big victory in alabama where workers voted against forming a union. i have a soft spot for organized labor being a union member myself twice but good news for shareholders while amazon rallied 10% over the past couple weeks, it's not getting nearly enough credit people are extrapolating from costco sells i think i may be the only person extrapolating. let me give you a last man standing situation you might like if you like this planet fitness. the number of gym club closings over the last year is staggering you have a case where customers stayed awayment the numbers didn't remain high but i bet

planet fitness sees a comeback as the country gets vaccinated the wealthy will keep buying expensive equipment from peloton if they -- that's by the way, their favorite high-end business that's because their high end studio didn't make it. people are willing to spend a fortune on the bikes and treadmills the stock has come down a grea deal from the high, peloton's market cap of 35 billion, it bothers me even as much as i like the product. oh, let's put it together. as a small business owner, i seen firsthand how the pandemic ravaged restaurants and you name it stunning how fast the vaccines were developed the devastation has been awful i'm focussing on the business side but obviously, the most horrendous part of this is the human cost 575,000 deaths millions of covid survivors with long-term health complications our government really did drop the ball with saving lives but

we did a better job saving livelihoods. they slashed interest rates. the treasury department, they did the right thing with a $2 trillion bailout and another 2 trillion a month ago and we got vaccines incredibly fast without them, would restaurant chains like darden or yum brands collapse the way the stocks indicated they would maybe but we never found out thanks to moderna, pfizer and j&j. what we did find out, though, many small businesses didn't have the where with all, the scale or technology to survive the bottom line, now that tens of thousands of small businesses have so sadly and unfortunately gone under, their larger rivals are indeed at last the last man standing, which means they're going to make a fortune as the country reopens because there is no one left to challenge them. there's much more "mad money" ahead including, forget the louvre i'm from philly.

art is digitized i'm talking to a private player leading the charge and making nfts more accessible to the public and then wall street is terrified that the fed will start tightening but could it prove to be a buying opportunity if it ever happens i'll make sure you're ready for that day when it comes and rapid fire in tonight's edition of the lightening round so stay with cramer

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late ly we've been hearing lot about nfts. a mashup between crypto currency and the mat world. a digital file, picture, video

with a serial number that verifies it's authenticity the nbc is selling video highlights as nfts call me skeptical but there is no denying they are red hot. we're going off the tape with recur. they raised seat funding by serious people and designs branded experiences allowing fans to buy and trade nfts they are trying to introduce new angels here developing nfts for big global brands with a system that lets original creators continue to get paid reoccurring royalties. we'll find out more about the world. let find out what is going on? we'll go to the co-founders and co-ceos to learn more about this industry gentlemen, welcome to "mad money." >> hey, jim. >> all right let's get started. look, i'm a little skeptic but

i, myself, admit to bidding on some nfts. we'll get to that in a minute. first, i know, zack, you're an expert in the crypto industry. the first thing you need to tell us is why is this crypto, why can't it be dollars and what does it mean it's crypto >> yeah, so obviously, dollars have been around forever and crypto is this big new thing that everyone wants to talk about but nft is a non-fungible token, non-fungible means it's a digital asset and we can put the data on the block chain so it's there forever. you can prove ownership and track it and traceability. all these different things and that's super important and unique forever. >> well, george, help me here because you're a digital licensing expert what is the limit of nft for instance, i bid on a cover from time magazine it was a 1966 cover which had it

and i lost and for the nft i found the more i dug i realized and won't get me something because i get the hang on the wall. can you explain what the attraction is to owning an nft >> jim, you should have battled more than $100 but nfts can be anything digital whether that's a movie clip, a piece of audio file, a digitized piece of art or even a character. it really endless. a license brand can essentially release anything that's collectible. today, the utility is the value of the nft so if i buy it for 100,000, could it be worth $1 million in the future, the utility could extend into a game, someone could bring the nft into a game. they can bring it into apps on their phone and show their

friends. they can trade it in the instagram of nfts and so on and so forth so the utility is building out this is a new space. >> all right so trever, what does recure have to do? i should be over 100,000 but my wife wanted to kill me i bit over 20,000. >> talk to the chain approach we're talking and how nfts on our platform can move freely across the universe? >> we can mince various different chains and has the widest and as mentioned, you might have a wearable piece of art, a clip and use it in a different application whether it be a game or financial application, other applications and so on and so forth today the industry is still so nascent. there is a lot of speculation. it might be an extension for

brands to communicate with the larger audiences and communities. as we've seen overthe past han full of years, people keep trying to own the community. nfts allow for that not only today but in the future. you can capture almost generational communities, right? let's say an nft, a digital asset is tied to a physical asset in the future. you can then continue to talk to that user. so we think nfts become this very powerful tool to continue to communicate with an audience or a follower of a brand. >> okay. so zack, tell me, in the last few weeks, people say that this market has taken a big hit is it the market or is it just certain ends of nfts and others holding up >> well, sure, like any new asset class, there is going to be ebbs and knows. we've seen that through crypto that's speculative what we're doing at recur, we look through that. the audience or lover of a brand could use an asset and take it

with them wherever yes, we'll see a bust and there is going to be a lot of crashes and, you know, all sorts of platforms may not make it. from that, we'll see a big rise and we feel at recur and in general nfts are here to stay and will be a massive, massive indu induls industry in the future. >> people didn't believe in bitcoin and those who didn't believe in bitcoin left by the wayside. maybe this is something we got to pay closer attention to we got coin base on weapons and i want to thank zack brush and trever george, co-founders and co-ceos of recur because maybe this should be part of a portfolio. "mad money" is back after the break. >> announcer: coming up next, cramer is bringing the thunder and answering your burning questions in today's edition of the lightning round.

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it is time, it is time for the lightening round cramer's "mad money", that's about buy, buy, buy, sell, sell, sell rapid fire say the name of the stock and i'll tell you whether to buy or sell and to be clear, i don't know the callers or stock prices ahead of time. play this sound and the lightning round is over. are you ready, ski daddy let's start with patricia from illinois. >> caller: big fan thanks for the great information. want to know how you feel about

cisco systems. >> cisco voted number one. i think cisco is going higher and they finally got to the enterprise and it's going to roar andrew in texas, andrew? >> caller: hey, mr. jim. i'm a huge fan of yours. i'm from dallas, texas and i've been listening to you since i was 10 years old, but of course, back in the day i thought you were a bald angry guy on tv. >> well, that's true >> caller: i had a question about at&t stock. >> well, i got to tell you, i got an answer. sell, sell, sell, sell mark in virginia, mark we got to take mark from virginia. >> caller: since the reopening, people might want to go out and enjoy a big juicy steak. i never heard the chill man comment on this reopening play what do you think about the r ribeyes at ruths

>> huge. david in south carolina, david >> caller: i have a quick question for you i was wondering what you think -- >> i got a quick answer -- i don't like graphic packing no game. let go to jim in florida, jim? >> caller: hi, jim thank you for taking my call. >> you got it. >> caller: you helped me so many times i can't thank you enough. >> thank you that's nice. >> caller: that's the company i'm looking at a fuel cell. >> no, no, we're going to stay away too speculative. there are other better fish to fry in that neighborhood and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightening round is sponsored by td ameritrade >> announcer: coming up, if the fed tightens, stay loose cramer gives you the tools to do great with any rate. next

did you know that petco,

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what happens when the federal reserve finally gets around to raising interest rates? i've been through a lot of tightening cycles and it's not a pretty sight well, at least the first few days i don't care about the first few days it's the narrative over rate increases that has me fretting you see, historically almost all rate hikes are catch all terminology. get used to hearing soft landing, versus hard landing now, i know fed chief jay powell repeatedly vowed not to tighten any time soon. he said it again on "60 minutes. there is a huge group of investors who believe we'll be forced to engineer a slowdown to stamp out inflation. the rate like liken it to an

airplane, they can the slowdown out crashing the economy a rate hike starts to process toward as recession so get out before the plane crashes i liken it this way, the soft landing cohort is trying to keep you in the stock market, the hard landing cohort is trying to scare you awe way. the worst commentators the hard landing crew points to a did i hffid ifficult past ando make a case it time to sell and sell now. >> sell, sell, sell, sell. >> given that we've had had a huge run, you can expect their sales calls to resonate. they will be on every show now, look, the arguments, guess what total fraud. look at the 2000s. the first hike june 30th of 2004 meant nothing at all to the stock market go to the second or third or fourth i can go on for 13 more rate hikes before you find the stock market impact because the fed

chief kept raising and raising and raising to cool the over heated housing market. in retrospect, the wrong tool for the job. we needed more stringent mortgage requirements but congress could have done it. my point, though, the 2004 to 2006 cycle of rate hikes did nothing to the market until it was too late and the trap was laid in fact, it took another year after the final hike before stocks really started falling apart. most tightening cycles are really like that there is so much stern about them in part because the media gives way too much credence to money managers, many of whom need the market to go down why? because they're under invested i know this is a novel idea but rather than fretting about how rate hikes could wreck the stock market, i got something you ought to do. maybe we ought to ask ourselves, how often the beginning of a tightening cycle was a good time to. >> buy, buy, buy. >> yeah, to buy stocks, not sell

them when brates raised in 20044, tha was too early. you could have waited and got in before the peak. there are out liars, i highlight janet yellen's hike on december 17th, which was a total bone crusher. dow stood at 17,495 when she put through the increase because of worries about inflation thinking the economy was strong but inflation turned out to be totally transitory and the dow plummeted down to 1503 on february 11th. i remember because it was the day after my birthday. yellen judged that the market and economy were prepared for the hike but when commodities collapsed, stock traders assumed we were going through a disastrous tightening cycle. it was endless until yellen said don't worry about additional hikes. this is a rate increase that's the worst case senkascase ssceno december 2015 is an out liar and then that turned out to be a fabulous buying opportunity for

those thinking longer term think about it think about how much we let up sooner or later there will be a day jay powell decides it is indeed time to tighten because the inflation is not transitory or we beat covid something he reiterated on 6 0 minutes. he's also learned a lot from predecessors not to mention his own mistakes powell knows there is a right way and wrong way to raise rates. don't stick your finger in the air and say things are fine. he made that mistake late in 2019 but then it wasn't after the reverse rate hike. the market didn't go high wire until powell promised more needed the fed needed to stamp out inflation. it was a disaster. and he had to walk it all back within months. i doubt he's going to screw up like that again. so, if you want to sell when the fed starts tightening and it

could be awhile before that happens, all i can say is that history says you are making a big mistake and buying might be the right thing to do. now, i like to say there is always a bull market somewhere and i promise to try to find it just for you right here on "mad money. i'm jim cramer see you tomorrow "the news with shepard smith" starts now a shooting at a high school in tennessee yet again in america. and a 20-year-old black man shot and killed not far from where george floyd died. a warning, the video you're about to see is graphic. i'm shepard smith, this is the news on cnbc >> taser, taser, taser. >> the officer shouted taser but fired a handgun instead. >> i just shot him. >> tonight police release the body cam footage the chief calls it an accident. >> this was an accidental discharge. >> a tense city braces for another night of