outfit since the '80s? they pick on the ones they love, i realize. i didn't realize i was coming home to a family dinner and being taken out back. >> final trade. >> one of great ceos. >> my mission is simple to make you money. i'm here to level the playing field for all investors. theres 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. wel welcome to cramerica other people want to make friends, i'm trying to make you money. my job is not just to entertain but explain how days like today happened call me or tweet me @jimcramer i've been thinking maybe we did

such a good job saving the economy it can't be derailed by a few measly large rate hikes. that is the reason the market got slammed again today dow plunging 351 thank heavens it was really much lower. boy, plummeting 1.4% but the nasdaq nosediving. worst two-day decline in more than a month we is simply had too much of a good thing and a lot come about because we bounced back quickly from the pandemic. there was a pandemic we almost forgot, it's difficult to remember spring of 2020 in the height of the pandemic i can't blame anyone for blacking out that episode. we lost 1 million people to a virus we never heard of a few months before but jay powell knew how bad it was. march 3rd he slashed the funds rate to a range of 1% to 1.25% and 13 days later, can you imagine 13 days he cut another 100 basis points down to zero to

2.5% range but things kept getting worse and worse. they say a picture is worth 1,000 words. so why don't we do this? picture the covid crash, i'll put one up look at the stock of carnival, the cruise company we started freaking out about people getting sick on these ships so people stopped booking on them and then the government order the ships grounded suddenly, these heavily indebted b boats with tens of thousands of employees were teetering look at the decline. 54 down to nine. yeah, that's right this is just a single digit here that showed no real sign of a bottom because there was a genuine fear, a logical fear this would go under. they actually made sense that -- if it did. on march 23rd something

happened jay powell pulled out the stops and issues a press release that seems mild mannered unlike him quote federal reserve announces extensive measures to support the economy end quote. but it was the furthest thing from being mild. powell basically declared war against bankruptcy in any form remember, we are looking at double digit unemployment back then so we wanted to cushion the blow by preventing layoffs the easiest way to do that is the fed starts incredibly easy for businesses to borrow money remember, that became the problem. listen to this, after that, there were a slew of different facilities that he put into place and a lot of them looked like what should have been done and wasn't done until the end of the financial crisis done too late to prevent a lost decade for the economy and powell read about the great depression and limped through the great recession. he didn't want to preside against a pandemic cataclysm so he staunched the bleeding.

yes. that's terrific. we forget that it drives me crazy that we forget that. powell saw the problem and created a new problem, the inflation problem we're dealing with carnival, let's go back to that that sustapended business on the princess cruise lines on march 13th able to sell because of that statement i read you from nearly 72 million shares at $8 and weeks later, while also issuing $1.95 billion with a 5.75% note and $4 billion worth of 11.5% notes carnival never would have been able to raise that money without jay powell and the backstop. it saved this company from going under. the company would have definitely filed for bankruptcy and you know what happened how about this 120,000 jobs saved by powell

like anybody cares now co congress gave the airlines 54 billion in relief. the situation was dire in april when boeing came to market with a monster $25 billion borrowing offering no government assistance and markets were thawed and business could continue despite the pandemic. back then we didn't know how long the covid would last. we didn't know moderna who is moderna i was the only guy that had them on tv. pfizer was not known as being a breakthrough drug company. who would have thought they would have the vaccines before the end of the year? i looked at hundreds of articles about the virus and i couldn't find one story arguing we could get a vaccine faster than four or five years. i had the mumps -- it doesn't sound like a disease anymore but took them five years to develop a mumps vaccine. the scale of the threat and i'm

not even talking about all this stimulus checks or the moratorium on evictions or child tax credits or suspension of student loan payments. the result, we beat the pandemic so quickly the world started going back to normal and cash balances went sky high we're paying the price for all of that largeness but i'd think it's all that oxygen because the economy came back and now we have inflation all over the place. the federal reserve is trying to stable ieilize the situation any want to tamp down on wage inflation. business is so darn healthy, nothing they do matters. after so many rate hikes, you think we'd be flooded with bankruptcy and layoffs no i'll give you a staggers st statistic, one that will blow your mind. bankruptcies public and private are pacing at the lowest level right now after all these rate hikes, the lowest level since 2010 according to the s&p global

lowest since 2010. almost nobody is going bankrupt, which means not enough layoffs to cool down the over heated job market amazing two companies that have more than a billion dollars in liabilities and were publicly traded filed for bankruptcy in 2022 revlon and all these rate hikes are yet to cause mass firings and mass filings and that's just not going to cool the economy. it is true that equity markets are pretty much frozen, right? hardly any companies have been able to raise money right here why? well, i mean, there is just not enough money around. the stock market is scared to death. like what we had today that's what is happening even the most marginal newly public enterprises just keep chugging along you think some of these spac names would run out of money soon, right? come on, so many of them are horrendous but they haven't run out of money can you imagine?

until sam bankman freed came along with his ftx crypto collapse, there were only a hand full of sizable private bankruptcies all absorbed quickly. how about this simple the government did too good a job bailing us out during the worst period of pandemic and ceos have cleverly managed to beat back bankruptcy if there were a candidate to go bankrupt during a pandemic, it would be the movie theater chains and the ce,o of amc managed to raise money and bid the stock up in a buying frenzy. that's how a company with $10 billion in debt could stay alive in an industry should never be able to survive a pandemic the institution is preserved all that said, i'm sure it will be many layoffs after christmas. i don't want to finger point the retailers most likely to be thrown into bankruptcy when the holidays are over but i want people to realize in a way our current high inflation economy

is the high quality problem left over from what had to happen our leaders did a great job of saving struggling businesses if anything, they did their job too well let me ask you, though, would it have been better if they saved these companies or let them go we had a low inflation recovery avenue the great recession i'm liking this high inflation recovery from covid a lot better here is the bottom line, hindsight is 20/20 but jay powell was dealing with the unknown and the lowest unemployment rate in decades and highest inflation rate in decades. you win some, you lose some. gene in california, gene >> caller: hi, jim thank you for taking my call and for all the advice you offered over the years. >> oh, thank you. >> caller: i'm a long, long time fan. >> thank you. >> caller: i was calling about ebay in taking some of your advice i decided to go through all the stocks in my portfolio looking at the fundamentals and was

surprised at their earnings loss i held it for a long time through paypal spinoff -- >> right you know, i've got to tell you, jean, it's a faltering business. it's a good one. i was on the site the other day. counting crypto mining devices see who is selling those and you know what? it's so, so. it looks very 2009, the site or maybe 1999 kind of embarrassing, frankly. i like etsy better jay powell was dealing with the unknown at the height of the pandemic and he did a great job. the result, we got the lowest unemployment rate in decades you know what? it could be a lot worse. on "mad" tonight there is a one, two punch out in the space last week that had investors worried so what should you make of the cohort now and still an opportunity to be had. with major averages falling today, should we be worried about the tape as we exit bear market rally mode?

i'm not sure but move off the charts to find out and somebody called about super micro co computing after the lightening round. what a monster i'll turn in my homework so stay with cramer. >> ann no nouns. >> announcer: don't misa second of "mad money. follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com or give us a call at 800-743-cnbc miss something head to madmoney.cnbc.com.

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with buy-1-get-1 movie tickets, on us. in theaters christmas. join for free on the xfinity app. xfinity rewards. our thanks. your rewards. just look around. this digital age we're living in, it's pretty unbelievable. problem is, not everyone's fully living in it. nobody should have to take a class or fill out a medical form on public wifi with a screen the size of your hand. home internet shouldn't be a luxury. everyone should have it and now a lot more people can. so let's go. the digital age is waiting. all right. we need to talk about the second most disturbing story of last week, not the over heated employment report on friday. that's number one.

i'm talking about the news on thursday, the black stone real estate investment trust or breet for short is borrowing withdrawals after reaching the quarterly limit. sounds boring to you big deal really big deal. it's a non-traded real estate investment trust meaning you can't buy publicly traded shares on the open market probably why you haven't heard unless you're in it. it a big one with a 69 billion value, at least as of october that takes wealthy private incest to investors as shareholders. it is borrowing investors from taking money out of this month that raised a lot of eyebrows not to mention putting a dent in its parent company stock i mean, and a nasty one for a company that i have been recommending for a long time the limit was the first in a

series of attention grabbing real estate stories. another well-known private real estate investment trust made a similar announcement and yesterday an office announce ed a dividend cut these stories are important, they're not a good reason to panic, which is why we'll be a little context this evening. let's start with black stone the massive private select financial advisors meaning it's only available to rich people. a lot of people worry. this fun has a wide range of real estate exposure across the united states and 55% is rental housing. 23% is industrial properties and everything else making up a different piece of thepie but this is what we're focused on. this is what everyone is worried about. the thing about breit is widely known for putting up excellent returns, the close d shares had a 15% annualized over the last

three years. that's dynamite. the darn thing was up nearly 9% for the year at the end of october. box stone breaths now life when they rolled out the private read five years ago a great way to get exposure a month and a half ago. 4.3% yield in this thing but of course, we know things have gotten a little more difficult for all things real estate now that the feds made it much more expensive to get a mortgage i was looking at a 7.5% mortgage the other day and acknowledged this suboptimal reality when they said they're limiting withdrawals at least through the end of the month and by the way, you knew when you put your money in this could happen this was not a surprise and i want to make sure everybody realizes it was totally above board. why did they have to do that since the fund's inception they limited withdrawals to 5% of the value in any given quarter and now hit the limit. okay

alarming headline. at the end of the day, though, is it really a surprise that investors want to pair back the real estate exposure specifically, they want out of residential real else state in of valuations going too high if anything, i'm surprised it's taken this long. pending home sales were down 37% in october, incredibly bad number compared to last year for heaven's sake but more complicated than that. this trust had amazing performance so it's an outsourced position in the portfolio of many rich people. they're scaling back because we're in the wrong part of the business cycle rational why does this matter it's bad news for black stone itself because this business is a major profit driver. this charges investors 1.25% per year and also takes 12.5% of the returns. black stone it's kind of no wonder the stock tumbled more than 7%. this thing, you know, look, this

is a really good company when i saw this i said bingo, it has to be that real estate business they have it was black stone is a major player and one of the most solid ones but the real worry is contagion. that could force to sell assets, hey, man, i'm sure the feds help with that. that's fed anynivana. i do think they have to unload a lot of houses and apartments and that could put pressure on the whole complex. over the weekend, we heard another story that i didn't like it's simon property trust and they were on with sarah this afternoon. these guys have two publicly traded mortgage reads.

residential real else state, they have the exact same rules about redemption limits. you can't withdrawal more than 2% of the asset value per month or 5% per quarter. they received withdrawal requests for 3.2% value last month so these investors are only getting prorated redemptions. not the full amount they wanted. again, these are big stories but there is nothing surprising here rich investors that love this real estate strong hate it now that real estate is rapidly weakening. no kidding real estate is not exactly a liquid asset but they did deals and did a lot more liquid and same as zillow they made it feel like kind of monopoly money if you want out you're voting against berry sterling bad bet like against jonathan gray that runs black stone but so far the bad bets are winning. finally yesterday we got truly bad news from a publicly traded

office read in manhattan these guys held an inzels tore d -- investor day event and punched you in the face with a grim outlook for the next year the analyst expected them to generate $6.22 per share for 2023 that's the key metmetric now they think 5.30 to 5.60. this manhattan real estate they let everyone down wrong. the stock was down 52% from the 62-week high because people feel older office buildings aren't worth as much. hard to make them into residential and we know about people working -- boy, they work like a day and a half a week i still come in. tumbled 6% yesterday before losing 6% more today after multiple analysts downgraded this, this is in a downwardnega. the lowest level since september 2009 remember that period

stunning i'm not saying about the business of office space comings much as they used to that's how green did the responsible thing but own something about to have a down year and just cut the payout what do we make of this? i can't stress this enough this shouldn't take anybody by surprise you would think my god, listen, i pull my money out. give me a break, will ya the need for much higher rate as year ago and much higher rates are awful for real estate. i don't think there is anything too alarming for the withdrawal limits by design it's hard to take out money and everyone wants out at once not your problem unless you've got your money in one of these things second, these negative headlines are dragging down quality publicly traded reads that don't deserve to get hit and that is where bargains are being created. i like the best logistics and amazon i like federal reality which is

about misused properties totally forthcoming and always willing to come on the show and by the way, totally standup didn't cut that dividend the bottom line here, you need to be aware of what is going on in the real real estate market but no need to panic these negative headlines are exactly what is supposed to happen when the fed tightens aggressively if anything, it's good news because it means we can finally start making progress and ending housing inflation. please "mad money" is back after the break! >> announcer: coming up, is the santa rally a reality or will chris cringe l get caught napping? cramer goes off the charts to find out next.

hello, world. or is it goodbye? you know, it seems like hope and trust are in short supply. [clap] now, as businesses we can blame and shame. or... [whistles] we can make a change. [clap] we can make work, work for our communities. create more equal opportunities. [clap] it's time for business to show its true worth. because it's not goodbye, world. it's hello, team earth. [clap]

nch had a very nice run for the better part of two months. the fed might be able to beat inflation. i have not given up on that thesis but this week, though, we've given up some gains in large part because last friday we had a red hot employment that didn't fit the thesis of the soft landing to continue to bring the pain it feels like we reassessed jay powell's data but that's the market we're stuck with and suddenly our collective assessment got a lot more negative in the last 48 hours. i think it's very difficult to get a clear read on the situation so i like to fall back on something clinical i like to fall in the technicians for guy dens -- guidance on a quantitative view not touching feeling tonight we go off the charts with a brilliant technician. she was the first active trader at fidelity before becoming the director advanced trader technology now she's the director of

product and options education at options play but she still consults with the major broke crer firms and see her thursday on fidelity's weekly options trading show in the money. a few weeks ago skip told us the market's recent run could have legs through mid december but that mid december is sneaking up on us and she's feeling less constructive, a lot more concerned and just to be sure, as you know, we did catch a great rally with her that's what matters to me. why? why is she getting more concerned after this terrific nice run well, you got to take a look at this this is a picture of a market that's hostage to the fed and the fed is hostage to the labor market currently way too hot as we know from last friday sees the whole advance from mid october through the end of last week as yes, a bear a temporary

bounce once we got the report last friday these were very key levels s&p 500 right here it's 200-day moving average, 200 is the sma, okay, and the -- it's downward sloping trend line and that's going back to the peak last year this is a key hurdle the market had to jump and sadly, we obviously failed to clear it we failed. okay we failed. on top of that check out these yellow lines above and below the price action these are known as bolenger bands. as it gets more volatile, the bands and expand and less volate

it shrinks the price action should stay within the bands roughly 90% of the time or in statistical terms it shows where a security gocano hitting two deviations from the standered average. bear market rallies run out of steam when they get two standard deviations away and that's almost exactly where the s&p 500 went with the highs on friday, two standard deviations. the yellow lines we care about right? every time the s&p gets near that top bollinger band, guess what it peaks right there. of course that's a temporary pattern that won't hold forever and bear market mode they can escape but won't have much confidence in a bounce unless we blow through last friday's levels.

possible but certainly didn't feel a problem with today. however, because feeling more cautious about the s&p that doesn't mean she's more negative about everything else. if you're worried solely about the fed strangling the life of the economy, last week's labor report number was not encouraging. drill down into the job openings data, you get some real insight into the industries that are still booming and may keep booming if the fed stays hawkish. sure enough, aerospace got 6% year over year climbing month over month and fed infrastructure for tons of industrials and i want you to do this check out the chart of the s&p 500 the industrial sector index.

infrastructure and aerospace and broken surging above the resistance zone. that tells her the industrials should keep out performing the border market. you may think it doesn't have to rest or go down. she says this relative strength is incredible news the s&p failed to clear the hurdle the industrials, they pulled it off. you know how much i like industrials. i don't know if you watch my morning meeting but i do this thing at 10:20 and talk about industrials every day but only for investing club members now, if you want to pick one stock that's industrial in here -- i didn't want to show you because it's general e let tr -- e let trick. 20% is aerospace and energy business is finally back to life and that is think about as wind mills, not oil we saw the s&p 500 down the

trend line and a crucial resistance and ge busted through the sealing like the kool-aid man. that is tremendous relative performance, she likes what that says about ge's future ge is breaking up. it's going to be a big health care division. a lot of people talking about it look at the action ge to crucial fibonacci levels what are they? chartests love to measure swings to a given stock and run them through the fibonacci ratios and likely to change the trajectory. ge is stalling around the 50% retracem from the highs of december last year through lows of july. given this performance, it can push through this and if that happens, it could go all the way to 94 before hitting the next ceiling. wouldn't that be incredible to announce the breakup that nobody

seems to like made sense and it doesn't hurt trading above the 200-day moving average and care about the stocks not many of them now to find here is the bottom line, the charts are interpreted by jessica suggest the broader market may be in for a bumpy ride as we exit bear market rally mode but she still likes it industrials in general and she likes general electric in particular, ge she's got a point. i like the ge restreakucturing health care business let's go to joe in my home state of new jersey, joe >> caller: he llo, mr. cramer. thanks for having me on. >> good to have you back what's up? >> caller: yes, my stock is 3 m. with the low pe and nice dividend is 3 m a buy? >> it is really a quandary to me

and a spin off a division i like what i worry about is they're dividend a acistacrat and i'm working on a drug to try to at least stabilize it and i don't like any ground water lawsuits they've got those too. i'm concerned about those two pieces of business and that has kept me from the stock for 100 po points the charts as interpreted by jessica suggest that the broader market might be in for a bumpy ride but she still likes industrials and the ones she likes in particular is general e let -- e let trick. much mf " much more "mad money" ahead. you caught me on this super micro computer i can't remember everything. i got a lot of stuff going on here so i want to do a little more work and tonight i'm turning on my homework on this

tech stock it's interesting guess who -- ♪ happy birthday to you ♪ dogecoin and i'm issuing something less than a present about the once high crypto coin and i think you want to hear it particularly if you own and really, really rethink it. and all your calls, rapid fire in tonight's edition of the lightning round so stay with cramer blatch

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. any time we get a question about a stock i can't answer, i do the research and then circle back to you with what i hope is a more considering response to say hey, i like that stock

they have have been coming in holt and heavy coming into the holidays with an outstanding balance. the goal is to get you, your answers as fast as possible. we take the stocks down. if i don't get the answer, we write it down and meet with the research department and try to figure out what to do and bring it last friday when jeremiah in texas called about super micro computer, a san jose based maker of server equipment, i don't really recognize in one but i can see two things super micro computer has tremendous growth and the stock is hot even in an environment where most tech is freezing. the darnest thing is up more than 100% for the year see, this is what they used to look like isn't it all the more impressive given how awful tech is this year and how awful the year has been. even though the stock has run it's under valued which is hard to believe that's why i told jeremiah that super micro computers seem too good to be true. that was my gut instinct

after doing digging i'm a little torn i like the business here,less sure about the stock let me walk you through it super micro is in the business of making application optimized high performance, high eff efficiency server and storage systems for data centers or cloud computing or artificial intelligence or 5g networks. they got their own server designs and hardware makes it cheaper to run a data center we like that even a little more energy i efficient. what is odd about super micro is most data center stocks are performing very poorly this year while this one is roaring higher and how in the world do they pull that off? not like super micro came out of nowhere. not only was it founded 13 years ago but became public in 2007 that bothered me that i didn't know that. i'd like to think i know all the stocks of that era it took awhile for this to catch on look at this

for ages because that was right before the financial crisis hit the economy rebounded, super micro shares steadily, steadily bounced back it was stuck in a tease for years and surged to 40 in early 2015 before sinking back to the teens a few years later. been all over the place. the reason i didn't recognize super micro is it's a small outfit as a publicly traded company and become notable in the last few years because the stock soared rallying from the teens that the covid crash lows all the way to the mid 80s as of today. including 102% run for 2022. so how do we explain this incredible run in the first phase, it's pretty obvious. super micro was a data center play with tremendous demand for anything that goes into the server warehouses, the company sales surged and more than doubled over the last five years and the earnings have more than tripled over the same period what is interesting is that it kept running, many other hardware plays have struggled.

you got to understand, it is one of the most disrespected industries on earth right now. wall street has little interest in this stuff in the semi conductors that go in it and rare exceptions because they're seen as a cyclical boom, bust industry and no edge people used to love this area so much known this great secular growth. not anymore. now regarded as cyclical like coal or something. there is always some new competitor waiting in the wings to make roughly the same thing and under cut pay only, only enterprise software is worse that's why super micro is a pretty cheap stock and it still is it trades at 8.5 times earnings. this year's earnings east mitts. this is really that scyclical it will take a hit as the economy slows down and the way things are right now the stock has been holding up

much, much better of late because it's become clear to wall street that super micro is different. it not your typical i.t. hardware play. they have been out growing the rest of the industry but a wide margin as of late. maybe they're just making better service. maybe they got a better offering from data centers and either way the numbers have been fantastic. that's what is behind the stocks tremendous run this year for example, a little over a month ago, super micro reported the beat with $3.42 cents per shau share and $200 million higher than anticipated very few companies have been that much better, even better, the forecast came extremely strong and raised the full year outlook substantially. the ceo charles lang pointed out that was the seventh consecutive quarter of accelerating year over year growth that's extraordinary sales were up 79% year over year in response stocks for $71 before the quarter and 95

all-time high last week. i mean, look at this boom okay remember those days? well, they're here if you have the right stock. pulled back to 86 today. look, super micro deserved that rally. it's hard to figure out how much to pay for these earnings in a difficult environment. after the quarter, two of the analysts that covered super micro raised the price target. the target from 55 to 65 is way below. north land raised from 137 to 65 that would be something. my view, it depends on how badly super micro gets hit next year i think you can easily justify paying ten times earnings for something like that but we don't know how well the earnings will hold up. given management's forecast for 2023 i can see the stock going 102 and change that said, super micro is a risky momentum name in this environment. you only got my blessing to buy it for pure speculation. bottom line, overall, i like

what i see from super micro the business but for the stock, i say maybe start with a small position and only use money you can afford to lose, please, because you're fighting against a parent of the broader market here but at least your doing so with a power for ally and i got to thank jeremiah. this is a great idea to look at this picture i love your calls. i do not ignore them we double down when we don't know the answer. "mad money" is back after the break. >> announcer: coming up, cramer takes your calls and the sky is the limit. it's a fast fire lightning round, next. at adp, we understand business today looks nothing like it did yesterday. while it's more unpredictable, its possibilities are endless. from paying your people from anywhere

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>> announcer: lightening round is sponsored by td ameritrade. it is time, time for the lightening round and play this sundaound and the lightening round is over are you ready, ski daddy greg in minnesota, greg. >> caller: yes. >> greg. >> caller: jim, well, thank you for taking my call. >> of course >> caller: i've been a fan of yours for years. >> thank you >> caller: i have a question on sofi i know you liked it at $5. how about $4 >> i know, it's killing me it's killing me. we got a guy, a very seasoned guy who runs the company he's done a good job in everything else he's done and this is not working. i don't know what to say maybe student loan related, the banks aren't working and yet, i think look you can buy j.p. morgan on sale

izzy. >> caller: jim, how are you? >> good, how about you. >> caller: very good brazilian company stock -- >> until last friday where coming in with a head of steam and i would like them. i want to go to sean in california, sean >> caller: hey, how are you doing, jim >> i'm good. how about you? >> caller: doing great looking for earnings and values. >> okay. >> caller: super group sghc. >> okay. this is -- twice about this, this is a damming related company and shocking where it is and hard to believe he isn't in there buying the stock hand over fist because it has come down so much and he's a very, very smart guy but i don't know what more to say david in connecticut, david?

>> caller: hi, jimmy thank you for having me. hope you're doing well. >> having a good time. how about you? >> caller: i'm good. i'm good finance at central connecticut state university. >> fantastic. >> caller: my question for you is with the recent dip in tech stocks, what is your outlook on micron as a buy right now? >> commodity player. they're almost through what they have as an inventory glut. it lasts another six weeks and the stock could be off to the races but in the interim, can we understand if that's the case there are others that would be better including advance micro now people are starting to say they paid too much when they bought zilinks. >> let's go to shash in indiana. >> caller: hey, jim, my question is i've been timing the ipo. so my question is that is this the bottom for the stock or good time to double down or would you wait until -- >> which stock is this >> caller: robinhood. >> no.

no i don't want you to double down. i got broker stocks that are fantastic that are going down left and right i can't recommend that one and that, ladies and gentlemen, is the conclusion of the lightning round! >> announcer: the lielghtening round is sponsored by td ameritrade coming up, we all know caveat but what is latin for crypto catastrophe? stick with cramer.

amazing. jerry, you've got to see this. seen it. trust me, after 15 walks it gets a little old. [golf ball bounces off rover] [ding] ugh. - life is uncertain. everyday pressures can feel overwhelming it's okay to feel stressed, anxious, worried, or frustrated.

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maybe these staggers loses of crypto should have been more obvious but speculatives are more tricky than that. they don't get a lot of air time until it's too late. it's worth celebrating the birth of the crypto joke known as dog dogecoin which was created nine years ago to this very day as a kind of living satire of currency. the problem with satire it could

be mistaken for the real thing that held doeg gecoin wrecked s many people's lives. happy birthday dodgegecoin thanks for nothing this story is far from finished. there will be more sam bankman freeds nobody can come close. important to stay alleged but on the talking tour he's making it hard to keep saying alleged. there was good intent. the guys knew it was getting ridiculous so there is still $13 billion worth of dogecoin trading set up as a punch line of course, the joke here was always that dogecoin is no less legitimate than any other crypto currency and behind.

it had a very low dollars price and subdollars handle and the value was steady that is until things went nuts in the spring of 2021 as the market cap surged from $8 billion to $88 billion until the course of a month. aided by vocal cheerleader elon musk that got behind as a way to be in on the joke. he always had that standup side to him dogecoin peaked when musk danced on "saturday night live" and hiked it disappointing many doge faithful it's been downhill since now, ten cents just waiting for someone new to pump it up as an investment withes loser crypto currency there is only one musk maybe you should think there is small potatoes and represented let's get here a quarter of renegade revenues didn't seem to matter. it was supposed to be a joke it was big business for the

upstart broker ridge firm. the firm has been judicious in the coins it trades like he's trying to keep people out. robinhood trades 19 of them, dogecoin, avalanche, chain link, compound, low coin, polly gone, shibaineu? so much for sell activity. maybe it's a problem than a solution on the eve of another cartoon store, the game stop earnings report tomorrow we have to do soul serving what is going on here you can buy the greatest blue chip stocks in the world here. a lot of quality merchandise is so important you're clear of anything that is losing money right now and might be worthless down the road because if you're worried it might be worthless, odds are it will get there it's never too late to get a genuine losing position except there is no bid price, which is most likely the case when it comes to the crypto cousin non-fungible tokens.

as a fabulous comedian riddled me how am i supposed to understand what a non-fungible token is when i don't even know what a fungible one is? the answer, you aren't that's half the con. i like to say there is always a bull market somewhere and i promise to find it here on "mad money. i'm jim cramer see you tomorrow sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪♪ to power transportation. oh! ho, ho! [ chuckles ] tucker: hello, sharks. my name is ethan tucker, and i'm from the beautiful green mountains of brattleboro, vermont. and i'm pat boone, aging singer