are disappointed it wasn't better but i think will be better next quarter, store ks xing and cost coming down, t jr on sale. >> 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, just trying to make you money. my job is not just to entertain but educate and teach you. call me at 1-800-743-cnbc or tweet me @jimcramer. be careful what you don't wish for. broad thesis or speculative nightmare. i'm cautious, s&p 500 and nasdaq

declined it was much worse during the middle of the day. those numbers were in the red but make no mistake about it, today was a victory for the rational bulls we've been gripped by a ridiculous level of speculation around here. we've had a twotrack market, the people that buy their favorite assets at any price and the people who make broad sweeping bets based on top down economic analysis. call them the crazy market and somewhat sane market the crazy market wishes we'd convert to their ways. these are the people who somehow decided that game stop is the h most important stop with the exception of amc two companies with dying business models and digital downloads and people watch godzilla versus kong

they love their crypto currency, buy anything coin from bit to doje basically, an emperor with no clothes seeks to buy no clothes. these are the same jokers who ridiculed me when i cashed out my bitcoin near the peak to buy 120 acre farm, a true asset. a fungible more than token slice of land that can hold up even if all my fellow land owners are borrowing money to finance purchases. speaking of, if you want to know why something like bitcoin could plummet so fast, many people have the scc doing about it borrow huge sums of money so when the moe men n -- momentum cru crumbles, you can grow crops like cannabis. needless to say, i feel good

about ringing the register on bitcoin, of course, at much higher levels. come on, i shared every bit with you, every bit there is a reason i tell you to take profits while you have them and i've been very, very clear about doing so because i don't want you to get hurt now, the speculative cohort hasn't championed and her name is cathie wood who owns ark invest and pushes what i call the woodstocks two in one show. these were some of the biggest winners of 2020 but their getting crushed this year in part because it's a different market many of the woodstocks have real issues, though like iovance when the lead experimental drug was delayed. the ceo is leaving to pursue other opportunities. i hope they're good ones no need to worry about the fact cathie wood is the largest shareholder because she's invested a host of other companies, some are connected with bitcoin although not always in a positive way like tesla,

which said they're not going to take payment in crypto currency anymore. never mind the crypto collapse this morning wood told bloomberg bitcoin is going to $500,000 $500,000 the trillion dollars that lost in value today alone i thought was significant but maybe that was just -- what a relief. i feel better already. i guess it's not a problem that it's down 39% from the highs because elon musk is going from chief to critical chief. cathie wood remains unmoved. wood said she expects and i quote e llon will come back andb part of the ecosystem. today this crazy speculative track broke down but what about the second track, the same track? the people that do exhaustive homework to get an end rather than loading up on crypto currencies than a "saturday night live" episode. crypto currencies, these people

bet on individual stocks because they like the fund mentals it's actually called investing today is a banner day for investing. he outlined how he's got the brands people like house brands with huge margins think of cat and jack and supply chains that other retailers and retailers envy because he was droiready f the great reopening. we got this stuff from schipt. need can give you same day schipt up creek with a paddle. oh, no anyway, finally they gave you the service people crave, okay because target pays more and has terrific loyalty and has given back more than the retailer. i call for charities like hey, do you want this stuff wrapped or not cornell's conference call is how

to handle the post pandemic era and make clear as well as target did during the lockdown, it's doing even better now that the great reopening is upon us thank you for saying that. his quick switch to fashion particularly those particular house brands, well, okay, then they're not for everybody. he switched in cosmetics this is brilliant. this is the stuff people need after a year it didn't matter what you wore because you were stuck inside the stock closes up $12 on a nasty day. this stuff cat and jack. i mean, everybody loves this stuff. i'm not kidding. i find it tight. or how about the rediscovery of individual tech stocks they don't make bags to stay on stands how about these etfs that try to lump semi conductor names under the same umbrella. that is a story today that started when lisa sue announced

a $4 billion buy back. i think she's sick and tired of watching her stock get dragged down by the weakness of arch rival intel that is quick to bad mouth amd even though amd is eating their lunch broadcom had artificial intelligence for alphabet and analog devices, the best of the everyday semi conductors to all sorts of machines reported an incredible quarter remember, the whole semi conductor is decimated of late and the worst group in the market but other than the woodstocks but if things are really so bleak, how come there is this good news? i mean, you know, i'm getting a little tired of hearing it if i hear more bad news, i'm going to come out in these tomorrow even better a video game outfit too interactive managed to beat the revenue guidance but a cool billion introducing any huge new games. they have to find the catalog

including grand theft auto sorry gamestoppers, unlike the old days you don't need to buy this stuff from a store. you can download it right to your computer or your console. i think there is no room for game stop to break to digital distribution but surely they knew that company with the wall street bets mob, yeah, do you detect a peak from jimmy chill don't worry. i'll be right back at you with the positives with the swedish oatmeal company about to come public because they, whoever they is told us the most successful alternative of milk company of all time. four years ago dean food sold the so i and almond milk business known for 12.5 billion. at the time white wave had 4.2 billion of annual sales and last year oatly had a tenth of the

numbers when it got acquired for the same price the joke will be played on us. they always are. here is the bottom line, nice to see homework get rewarded with excellent games where chance strikes out so i wouldn't be too worried about the on going speculative meltdown as long as you own some sanity stocks to go with your crypto game stop ether spac let's go to robert in ohio, please, robert >> caller: boo-yah, boo-yah, boo-yah mr. cramer it mailman bob or robert from ohio how are you doing? >> i always thought that was you and i'm glad you checked in. what's up? >> caller: hey, can you give me your analysis on the world's biggest gold miner >> sell new mine and buy gold, g-o-l-d. bar barrick is better and i'll go to ohio you know what we're going to do? we're going to pound a couple. mark in florida.

>> caller: hi, jim, it's a great pleasure to speak with you. >> right back at ya. >> caller: now that they decided to sell 1 billion in common stock and 500 million in debt, lithium motors plummeted today however the stock was steadily declining since i bought it at 395 three weeks ago. do you think i should cut my losses, buy more at this level or hold on >> look, car max was downgraded today. a lot of people feel this is the peak for this used car business. i think that's wrong i think it's a very good company based where my daughter used to live i know them, i think they're good i would be a buyer, not a seller i wouldn't be too worried about the on going speculative meltdown as long as you own sanity stocks. steel and copper went down today. could the economic reopening turn trash into treasure i'm taking a closer look at an under the radar player in the environmental services space to see if it's worth considering.

don't miss my exclusive. do the earnings have you doing a double take. the stock moving higher than lower, i'll find out if it's game on for shareholders and cisco reported at the bell tonight and the ceo joins me in an earnings exclusive. don't give up the ship i don't think it was nearly that bad and i want you to stay with -- not bad. cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets send jim an email to cnbc.com or give us a call at 1-801-800-743-cnbc miss something head to madmoney.cnbc.com.

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when the economy is booming, you know what else booms garbage, the stronger the economy the more trash we crecreate that's especially true for destruction. last year we got a brand-new way to play it gfl environmental, the fourth largest in north america and the fastest growing thanks to the rollout business model since 2007 gfl made a series of acquisitions from a single solid waste transfer station with four trucks into a major operator on track to generate $4 billion in revenue. the company came public in early march of 2020 before covid shut down the ipo market. after tumbling from $19 to 12 at the lowsless than a month later, the gfl is surging higher ran to under $32 today and that's after pulling back for roughly $5 over the past six weeks so could this have more upside

let's talk to the founder. welcome to "mad money." >> how are you doing, jim? >> doing well, patrick thank you for coming on. first time on "mad money" so give us a flavor of what your business is and how it's going. >> sure, it's been a great ride just like you said again, founding the company really in 2007 with an idea that becomes a small regional player up in canada in the on ttario market to now building a business through 5 billion in revenue, operating in nine prove va -- provinces in canada and like i said, that's how most people are in the long innings of a baseball game. >> i remember in the '80s when waste management bought many companies time after time. i thought almost everyone has been bought. clearly from your track record, there are many good companies still to be had.

>> absolutely. i mean, i think when you look at the demographic of the business owners in our space today, you know, a lot of baby boomers and immigrants that came into canada and the u.s., you know, average age of seller today is between 55 and 70 years old and a lot of their kids moved on to have become professionals and a lot of as enterpirations to become garbage man or woman like their parents and is a good-byerbuyers market and seller's market if you look at canada, one-third of the market is done by the majors and two-thirds is done by the small mom and pops and the u.s. is roughly divided 50/50. so, you know, we can't to see a huge opportunity moving forward to continue consolidating the market in canada and the u.s. >> in the hay day of waste management, the stock is terrific because a lot of businesses from construction, but there used to be people

literally waiting around the landfills trying to buy the copper, the excess copper. some of the materials are being thrown away are in such short supply are you able to make a business of the things? >> absolutely. if you look what happened really late 2017 into 2018 and the recycling business and how that's evolved over time as china closed the doors to a lot of extremes, we're coming in and real business has been made in the north american market and the model completely flipped on its head where we have gone to a processing model and recharging to process the materials and making a great return on that. when you look how that evolved and continues to evolve, that will be a very good sustainable model for the future now. >> we don't talk nearly enough about canada in our country but how is it going? where are you? people keep saying it's behind america. there has to be more to it than that. >> absolutely. canada a little slower at most things in general.

you know, i think that's what is the interesting opportunity in gfl for sure i think if you look at the q 1 results performed exceptionally well even in light of the fact that canada is probably six months behind the reopening in the u.s. we were slow to get vaccines and, you know, the health care system that everyone priaises so much here failed us on multiple levels with capacity restraints and issues but i think where we look now, we always turn the corner on the vaccination program, vaccines are here you know, i think we passed almost the 50% point of individuals who got their first shot and, you know, basically vaccinating 1% of all eligible people per day so i think over the course of the next 30 days we should be trending closer to 75% and we'll be into a full reopening like we're seeing in the u.s. today and then we'll be, you know, where you guys started back in january, i think

we'll pick up in july and august. >> that's good we'll follow one last thing, in the conference call you said it the boom of 2018 was tougher to find health and tougher to get people then you guys are having no problem finding help and getting trucks. things are in good shape. >> absolutely. you know, inflation is, you know, modern inflation is definitely a good thing for our business and, you know, when you look at the pricing volume die n -- dynamics in the industry, it continues to consolidate and get more price and look at the labor force that's a constant issue for us but finding the right talent and recruiting the right talent and retaining them is paramount for us and we focus on that at this point in time we're in great shape and i think we're set up for a very healthy recovery here. >> well, we made a lot of money for people in waste management that want to follow your company closely. it's a ter rific industry founder, president and ceo of

gfl environmental. nice to meet you, sir. >> thanks, jim. >> these businesses are great businesses that generate a huge amount of cash and now that you have things that are worth money in the landfill there is another way to make money. "mad money" is back after the break. >> announcer: coming up, a nation cries out for a summer of fresh air and a little of that human touch. but that didn't stop a pandemic play like take two interactive from delivering a knockout quarter. cramer punches in a cheat code with the ceo, next

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take the conzservatism known as upod they over promise and under deliver. they have done this for years and the stock sells off in response like the last quarter but last night they ran theb but deferred much higher than expected bookings up 8% and couldn't hide how great things were they gave incredibly cautious guidance that's what they do. the stock got hit. management next year and after to get there they need to spend a lot of money on technology and talent they decided to ownthe benefit of the doubt which is why the stock finished the day up 7% on a bad day. it got more room to run. let check in with the chairman and ceo of take two interactive software to learn more about the quarter and his vision for the future of not just his company

but the industry welcome back to "mad money." >> thanks, jim, great to be here. >> i saw the headline numbers and not so good but you told a story this time that i have to tell you went from being a year to year to actually i'm going to say a decade story so rather than go into the nitty gritty of this quarter, i want to go to page eight of your brilliant deck 2.8 billion global video games, 28 billion hours of game play, 495 million global doesn't that transcend the note that you said which shows moderation of trends that benefitted us could come into play >> there is no doubt that interact ive entertainment is te number one vertical and as i've said before, it's early days at the same time, we are coming out of the pandemic undoubtedly while people were sheltering at home to have more time to devote to entertainment so we want to

be realistic that leaving your house now may mean that the demand is somewhat moderated at the same time as you said the results are extraordinary and we have a great look with 21 new titles coming to market including four immerse sieve releases we're excited about that. >> i'm on to your game after 15 years of studying you. the way i analyze your company is talking about the expanding development capacity namely on page 6 the number of people that you have ahead count. most people want to cut heads. you're proud of going from 4,301 to 5,046 people. why are you so proud of that >> you're right. i mean, our three-part strategy is the most creative, be the most innovative and efficient and we don't believe in adding head count for head count sake and pound for pound we're a highly efficient company that said gna, in the last year

brought 700 new developers to bring 60 titles to market in the next three years, which we hope will yield greater results in fiscal '23 and '24 and we expect to set new records in that time per period. >> you mentioned '24 that will be the next grand theft auto you can't confirm or deny that, correct? >> we let the labels talk about incoming releases and we auk about that and we set another record in the past year for grand theft auto online for example and total recurrent customer spending was up 48% in fiscal '21. >> but should i be worried against our show is the opening of an event that didn't even matter four years ago, correct? nba e sport. how much does it mean to you nba 2 k has been pretty good. >> nba 2 k had another great year as the first title we built

from the ground up for gen nine platforms and sold more than 10 million. you're right, the season starts today for the league we're incredibly excited for the fourth season. as i've said before, this is early days still for e sports despite the hype around it it not a significant contributor. it's also not at all a significant cost we think donohue is doing a phenomenal job building the league and excited about what this season will bring so come watch. >> okay. now i have to ask youand i will, i will because i love nba especially right about now we have a bet internally that even though you signed tiger woods and then subsequently got hurt that the numbers for tiger woods are up big, much bigger than we think for your pga and golf game. >> we have a lot of hope obviously, we think profit is going to be huge for us. the title we released already sold in over 2 million units people love the game

we think it's early days for where golf can go and we're investing heavily in it and we bought hb studios the studio that actually makes the game and that's a reflection of our comment the in addition to the long term relationship with tiger woods. >> you spent a lot of time -- it's actually other people in your organization, the conference call talking about how much is downloaded and how much is basically sold physically does that matter because again and again you talk about how digital is projected to represent 87% do we -- should we care whether something is bought at gamestop or something is downloaded >> not really. and i think the point you're making is one we try to make over and over again which is we need to be where the consumer is if the consumer wants to buy a physical good, we'll be there. if the consumer wants to go direct to our company, we have a direct consupmer platform if the consumer wants to go to

al amazon or walmart, our demands are higher with distribution to the extent that the business moves to digital distribution, that is a significant benefit from a margin perspective. >> that's one of the reasons why i think game stop better come up with a new model last question. why give guidance if you beat guidance by a billion dollars? [ laughter ] >> well, i don't know that anyone could have expected what happened the last year we certainly couldn't and look, it's kind of good to note more often than not we beat guidance. we really do call it as we see it and work really hard to exceedexpectations we believe in hoping for the best but planning for the worst. >> you and netflix are the two and i think that's very good companies. take two interactive chairman and ceo. great to see you again. >> thanks for having me.

really appreciate it. >> a lot of people come in the set and my favorite is strauss "mad money" is back after the break. in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities.

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okay after a big run after six months the stock is going down in after hours because the networking equipment gave not so hot guidance the actual quarter is quite good, nice top and bottom line beat and the earnings forecast came in light. i'm not discouraged. cisco should be a big winner as spending comes back with a vengeance because the guidance doesn't surprise me at all as they face the same supply chain challenge as everyone elsewhere they don't have enough semi

conductors they are being cautious until they get better visibility on that front which means this pull back is classic buying ol' opportunity. let dig deeper with the chairman to learn more about the quarter of the company's prospects welcome back to "mad money." >> hey, jim, thank you, great to be here and you're spot on we're really proud of what the team accomplished this quarter we did a great job they did a great job we had revenue growth, good eps. our outlook on revenue is quite good and as you noticed, we saw 10% order growth, which was the biggest -- the highest order growth we've seen in a decade. so it was very consistent across the board and really proud of what the teams have accomplished. >> let's talk about that i've been following cisco, truck, i'll date myself since mr. mortdride. i've always considered your stock to be a stock that trades on order growth, not earnings per share. so therefore i was surprised to

see public sector order growth customers save 11% commercial 16, service providers 17 something is in the works here that the stock is not talking about. >> well, jim, you know, we've talked about these major market transitions that are occurring and the fact we didn't participate in the web scale segment five years ago and worked hard and built new technology, driven innovation and designed our silicon and seen success in the web scale space and we've had six consecutive quarters of double digit growth in the cloud provider segment from mid teens to triple digits in any given quarter. in the past quarter we saw double digit growth in the carrier segment and double digit growth in the cable segment. very consistent across the board and really being driven by the 400 gig buildout for higher band width as well as the early days of the 5 g buildout we knew was coming and finally upon us. >> you told us from the beginning 5 g consumer is what

you're about and 5 g enterprise and delayed because of covid people are starting to go back to the office, yes there are still people like greg hayes, 50% of the people might have come back but i don't know, in a lot of businesses you have big customers, they're coming back what will that mean for enterprise spending in cisco >> jim, we're seeing it now. in the last couple quarters, we've seen significant invest 7 ment in wireless infa srastruct and they need campus refresh and we've seen that. we've seen the catalyst 9,000 platform four consecutive quarters of increasing growth sequentially and really seeing the impact of this hybrid work model, the preparation for hybrid work and return to office we're seeing it seems to be customers are absolutely believing this is going to occur and investing into it. >> jim, what is to explain the fact that the americas really weren't that strong versus other

areas that frankly i would have expected to be weaker than america? >> if you think about what we saw in asia, asia was the first to go into the pandemic. they are coming out heavily investing in the americas we have latin america, which is continuing to struggle but we saw significant strength across commercial and public sector and service providers so we think that it's going to continue improving over the next several quarters. >> can you explain to us better than i think you can because you speak -- you're a straight speaking person. when you hear supply shortage, ac semi conductor shortage. there are many semi conductors in glut that we have too many of there is a group we're in short supply of. you're a big customer. why can't you call them and say listen, i want you to work 24/7. i want you in sunday and saturday i want those chips or are they going 24/7 and it doesn't matter >> they are. i think we should recognize that everyone in this space is

working very hard to deliver more capacity and i think what you saw with our guide of the eps line was effectively us leveraging our ability to go -- leveraging our financial strength to position ourselves more effectively with the suppliers to actually revise agreements to make longer term commeitments to optimize our ability. we chose we didn't want to slow down our moe mentum that we fil in the business which is probably the best momentum we've seen in years and take care of our customers because a, we want to take care of them and b, we think that helps us with our relationships long term if we think about them and not our short term issues. >> that would be if i take it right, a short term hit to your profitability in order to be able to lock people in longer term >> well, in order to be an incredible partner for them that

they want to do business with for a long term. how about that >> i'm not a diplomat. you have to be a diplomat. in the time left, i want to give you a second to talk about somehow good people win. you're voted pretty highly in the place that young people want to work, that people want to work these days, right >> yeah, you know, jim, recently we were selected as the number one place to work in the united states by fortune and great place to work and it's reflective of the wonderful people we have and the culture we've created and probably reflected of how we've reacted and taken care of our teams during covid the other shoutout i want to give, jim, our supply chain team two years in a row, gardener just released their top 25 supply chain in any industry and our team was number one for two years in a row now so we're really proud of what they've done and gives us confidence to be able to navigate these

issues. >> that's what long term success is built on. thank you, chairman and ceo of cisco. great to see you. >> great to see you, jill. >> thank you, check. "mad money" will be back after the break. >> announcer: coming up next. >> let make money together what do we got >> announcer: cramer is bringing the thunder and answering your burning questions in today's edition of the lightning round it's not some magical number. and it's not something we just achieve at the end. it's a feeling... of freedom to live our lives the way we intended. though the ups... ...the downs ...all of it. this is financial security. and lincoln financial solutions will help you get there as you plan, protect and retire.

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over are you ready, ski daddy i want to start with tristan. >> caller: jimmy chill, what's up man boo-yah. first time caller. >> i like first time callers, always what's up? >> caller: i want to check your mind about crnc, what's your take >> that's just still one more software company that frankly, you know, look, what am i going to say software develop ment companies microsoft has a ton of those i'm not playing. dave in ohio, dave >> caller: jim, how are you doing? first time caller. >> okay, dave. speak to me. >> caller: well, i live in the lordstown area about four miles out and with all the car manufacturers going to e.v the supply and demand is going to be crunched with the lithium sense of view i'll having. what do you think of lac >> in the end while that is a great lithium coal pampany, it'e

i feel about np materials. i don't want minerals, i want innovation i want to go to maryland. >> caller: boo-yah, jim. >> boo-yah. >> caller: first time caller from maryland. i would like to find out -- >> i know everyone wants e.v. but i feel like you happen to recharge and people saw lordstown stock went up almost 50% but we'll let this area cool down tina in georgia, tina? >> caller: hi, dr. cramer, thank you for taking my call. >> thank you for listening. >> caller: i'm a long time listener and your advice and information have been a great help to me. >> thank you thank you. >> caller: you're welcome. i have been an investor for many, many years going back to the mark haynes era. >> oh. >> caller: yeah, great guy.

>> great guy >> caller: and beyond. i've been an investor for many years. >> okay. >> caller: several months ago i purchased marvel on your recommendation what is your output? >> oh, wow, someone spoke about it today got a very big push from a brokerage firm and it was a smart call it basically said this is one that doesn't have consumer, it has a high performance computing, data center and the enterprise 5 g and that sent the stock up and i really thought the call was a good one and i tried to talk about it today it a good place. damont. >> caller: hey, good show. >> thank you. >> caller: micro vision, i got in at 18 cents last march and up 1500%. i'm adamant about the stock but more importantly, what's your

take on this company >> it's a battle groumtnd and considered to be a tug-of-war. if you say something good or bad about it you're crushed. here is what i say, it's called caching. take your money out. i don't care if it's the greatest stock ever. you're a winner. you got the betting wiping doe and urnturns out you have the ty if he can to take some off the table. miles in florida, miles? >> caller: good evening, jim. >> miles. >> caller: the stock that i'd like to ask you about today is oracle orcl. i've been watching you for a couple weeks now and it seems to be out performing. >> seems to be it is a smoke show i can't believe everyone is deciding oracle is a great value here it goes step by step higher. i'm not going to fight oracle

because i like safer who tells me she'll come on. i know, it my first 16 years, you got another 30 pencil me in for next thursday or maybe never let's go to andrew in texas. >> caller: mr. cramer, andrew from fort worth. i'm an action alert member and that subscription is worth every penny. >> thank you, thank you very much that's very kind >> caller: i want to ask about a yield stock of gsk. >> i don't think that yield is safe i do think that -- i truly want it to do well and i'm hoping if this new vaccine version they did is the one that works because right now, i feel like that the stock is up mostly i think because there are activists but otherwise, it's going to head back down so i'm not as big a fan of it as i once

was and i'm glad the stock is back so maybe you can take a little off the table if things don't work out that would be my suggestion to you. andrew in new york. >> caller: hey, jilm, andrew here it reached an all time high a month ago. >> oh my god everybody loves this thing people love it i don't know, online real estate market down 10%. i don't know my take is they should come on before i opine i thought the stock was too dear, too high that ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by t.d. ameritrade coming up, investors itch for action when the tape reads red but don't feel blue, what doesn't kill you only makes you richer cramer explains, next.

dave doesn't need a posh virtual receptionist, because he cloned himself. while his clone watches the phones, dave can work on his code. and lead his team. dave trusts his clone like he trusts himself. so, in summary, we're going to sell the company. who's in favor?... perfect. but if cloning isn't an option for you, just get posh.

virtual receptionists who can answer and transfer your calls, because you can't be in two places at once.

what's the cost of today's sell off how much does the decline in the market have to do with the plummeting in the assets, crypto currencies

when you see bitcoin in the spacs and tesla all rolling over it's got to impact the market. not so fast. you have the same one and crazy one. i know crazy when i see it during national mental health month. usually they don't cost but today the crazy ones manage to bring down everything. when tens of billions of dollars in an asset like bitcoin get oblit obliterated, people owning this stuff pull on horns or default to cash for everything or take the pain short term that can weigh in of the market but a collapse in speculative assets benefits the boring stocks in the s&p 500 and most of the 500 are real boring. right now some of the people getting burned by crypto just take what is left of their money and leave the casinos and borrow a lot of money anyway. when i said i sold a ton of crypto currency on this show and used my gains to buy a farm, i caught flak. they were mad at me.

how the heck is a farm supposed to go up, you clown. there is not a flashing thing at the bottom of the tv screen that measures farm land i'm not even growing crops like i said at the top of the show the great thing of a farm it doesn't lose 10% of its value in a single day like bitcoin and down a heck of a lot more. more and more speculators are realizing cold hard facts that are not great which is why so many of them are giving up of everything right now, especially the ones that borrowed money to play and make no mistake they do trade together you can't deny the correlation between bitcoin and prerevenue spacs and the growth stories beloved by cathie wood, the best money manager of 2020 who has become one of the worst money managers of 2021 the crazy corelatives have peaked feels like a desperate rear guard action to me

she would be in better shape if she waited for the dust to settle before pulling the trigger. that's not her style which brings me to a very important concept to end the show the people who still have conviction in also sets like the woodstocks or crypto currencies or bogus non-fungible tokens or spac and scams have no discipline whatsoever. when you see cathie wood buying the same names and selling actual volatile stocks swarming you, you're seeing the same behavior as the crypto believers. they love these assets at any price. one of my rules is that discipline should always trump conviction and this is why when the momentum shifts, your conviction will get you killed without the discipline to ring the register, you're going to experience horrendous losses in this situation discipline is why i sold most of my bitcoin near the highs even though i still like the story. which brings me full circle to the impact on the markets like the .com collapse.

the s&p 500 is actually a winner because the big fund managers spear the spillover. they're worried that the hot money will best lie in its coffin or rise from the dead like a vampire in other words, if you want to profit from the speculative breakdown, dump the nasdaq stocks with sales. you dump a good chunk of the crypto currencies and non-fungible tokens that have no secondary to speak of and take the money and swap into the industrials and mineral stocks or the plane consupmer products with a good dividend and throw in stocks like tesla, amc and game stop, you have to go case by case. tesla is too big too keep in the air but amc and gamestop are small enough they can be gunned higher with coordinated buying, which is what they like to do. i would actually rather own amc that has a great story as the world goes back to normal because it's the last man standing in the theater business

but has a lot of debt that may be too difficult to fathom gamestop doesn't have much going for it as a business take-two interactive are making big money by selling games online no real business if the pace of digital downloads that take-two saw keeps up doesn't matter, though there are bulls that want g gamestop higher and willing to light their money on fire, think the doors to make it happen. that said without more stimmy checks, stimulus checks, they will run out of power. emojis can only take you so far. the overall impact, we need to accept the beatdown of speculative assets of the greater good of stock market like april of 2000 if you buy the boring solid companies, you should come out ahead. this speculative meltdown can weigh on the entire market, sure but once the speculators get

shaken out, i'm betting it's a win for the dow and definitely the s&p. i'd like to say there is always a bull market somewhere and i promise to find it for you on "mad money." i'm ji looking for solutions to the conflict in israel and gaza. tonight, two leaders on different pages. i'm shepard smith, this is the news on cnbc rockets and air strikes race through the night sky and politics clash president biden calls for de-escalation today, but the israeli military readies for days of attacks ahead. and the prime minister vows to press on. investigating the insurrection at the capitol. gop leadership now stands against a bipartisan commission. >> house democrats have handled this proposal in partisan bad faith. >> what comes