, cramer, cramer, yes, yes, yes.ow about kyle in california. kyle? >> caller: hey, jim, boo-yah. >> kyle, you got -- what's up? >> caller: my stock is tkxe. man, that's like the "american idol" elvis presley. too hard for me to value, too hard for anybody to value. i'm going to say don't buy. i've got to tell you that is bob stillerman's company, he's a moneymaker at times, but i think i don't care for the entertainment business. let's take one more. doug. doug! >> caller: a big boo-yah to you. >> land of lincoln boo-yah back at you. >> caller: i bought some thompson creek metals, in march between $3 and $4. it's been a great ride up, but does it have continued ride up? >> i want you to take your money out of it. play only with the house's money, actually take double your money out of it and play with house's money, take $6 out, why? because last week on the freeport call, srx talked about how bad the market is and how it's still not coming back, you're in one of the three markets that -- he says that's the worst one

stay with cramer! >>> don't miss a second of cramer. find each full episode of "mad money" on itunes and download it for free. take all of cramer's picks, pans, plus the lightning round with you on the go. get "mad money" on itunes today. for more info, go to -- >>> want to get in the action, send an e-mail to "mad money" at -- >>> i want to make you a better investor. ♪ hallelujah and the best way i know to do that is by saving you from making the same mistakes that i've made. i've made a lot of them. you might have heard about some in the press. that's why i make rules. they're not fun. they don't always let you take the quick and easy gains and sometime they feel totally and utterly wrong, but that's the point. we screw up when we just go with our convictions not our discipline. that's why anyone who wants to be a good, long-term investor needs to embrace discipline. why? think of what discipline would have gotten you out, certainly near the top of 2008. it would have told you to take profits because you were being a -- [ pig squeali

cramer will be right back. >> don't miss a second of cramer. money" on itunes and download it for free. take all of cramer's picks, pans and the lightning round with you on the go. get "mad money" on itunes today. madmoney.cnbc.com. >>> dedicating this week to the great work of al need, i always like to say there's a bull market somewhere. i promise to try to find it for you right here on "mad money." i'm jim cramer, see you monday! >> now get "mad money" on your mobile phones, top stories, lightning round to go, videos and more. all that plus cnbc's free and real time quotes. go to mm.cnbc.com. for the most important earnings season in years, turn to earnings central, next week, reports from verizon, bp, honeywell, conocophillips, exxonmobil and more. earnings central, on air, online on cnbc. >>> coming up on "the suze orman show," have you at the point in your life where you are lost everything? well, i'm here to tell you, there is a way out. also, when you took out the third mortgage, what did your gut tell you? did you really want to do tha

stay with cramer. ♪ heavy touching yeah >>> coming up, with the smartphone craze in full swing, crameroes inside the hottest devices in tech to find a stock that could have you making "mad money" in a flash. >>> plus, as cit group fights for survival, who's really to blame for this financial fiasco? find out on cramer's "outrage of the day." >>> and later jim goes high voltage in an electrifying "fast fire" "lightning round." all coming up on "mad money." >>> want to get in on the action? send jim an e-mail to madmoney@cnbc.com. give us a call at 1-800-743-cnbc, or check us out online at madmoney@cnbc.com. could someone toss me an eleven sixteenths wrench over here? here you go. eleven sixteenths... (announcer) from designing some of the world's cleanest and most fuel-efficient jet engines... to building more wind turbines than anyone in the country... the people of ge are working together... creating innovation today for america's tomorrow. thanks! no problem! >>> all right. what's the next tech stock that i believe could absolutely blow away the numbers when it reports? remember what

that's it for cramer. be right back. >> don't miss a second of cramer.an find "mad money" on itunes and download it for free. take all of cramer's picks, pans and "the lightning round" with you on the go. get "mad money" on itunes today. >>> dedicating this week to the alan mulally. i promise to try to find it for you come monday. i'm jim cramer, see you monday! >>> tonight, nike, a brand so powerful, so dominant, it's known around the world. >> just do it. >> 13,000 products, 16 billion in sales. and some of the most famous faces on the planet. >> it's something that represented my name and what i did to the game of basketball. that has continually transcended over time. >> a company with critics. >> a transnational corporation that exploits people. >> and connoisseurs. >> my favorite pair. >> he's got to have the shoes. 350 pairs. >> what percentage of your disposable income were you spending on shoes? >> all of it. except for my mortgage. >> it all started with a waffle iron and a college jock with an idea. >> and did you really think you could implem

stay with cramer. ♪ heavy touching yeah >>> coming up, with the smartphone craze in full swing, crameroes inside the hottest devices in tech to find a stock that could have you making "mad money" in a flash. >>> plus, as cit group fights for survival, who's really to blame for this financial fiasco? find out on cramer's "outrage of the day." >>> and later jim goes high fire "lightning round." all coming up on "mad money." >>> want to get in on the action? send jim an e-mail to madmoney@cnbc.com. give us a call at 1-800-743-cnbc, or check us out online at madmoney@cnbc.com. online at madmoney.cnbc.com. at 155 miles per hour, andy roddick has the fastest serve in the history of professional tennis. so i've come to this court to challenge his speed. ...on the internet. i'll be using the 3g at&t laptopconnect card. he won't so i can book travel plans faster, check my account balances faster. all on the go. i'm bill kurtis and i'm faster than andy roddick. (announcer) "switch to the nations fastest 3g network" "and get the at&t laptopconnect card for free". you must be looking for motorcycl

stay with cramer. >>> cramer's gone mobile. now t "mad money" on your mobilehone. crer's top stoes, lightning round to go, "mad money's" video and more. all at and cnbc's free real-time quotes. goo mm.cnbc.com. d#: 1-800-345-20 "i'methinking everything... tdd#: 1-800-345-2550 inuding who i trust to look ter my money." tdd#: 800-345-2550 tdd#: 1-800-345-2550 "theust might be settling... tdd#: 1-800-345-2550 that's great, but i'm not." tdd#: 1-800-345-2550 tdd#: 1-80345-2550 "i guess i'm jusdone with doing nothinou know?" tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 "oh, i'm not thinkg about moving my money. tdd#: 1-800-345-50 i am moving it." > i like to say there's always a bull mket somewhere, promise to try to findt just for you right here "mad money." present obama, come o tone down the anti-business. it doesn't help any of us and don't create any jobs. >>> i'm jim cramer, and i'll see you tomorrow. >>> next up on the "kudlow report," $20 a barrel oil. limits to trading is a terrible idea. google aims to crush microsoft. alcoa beats,but commodities crash. kudlow un

stay with cramer.fore. i'll say it again. i make a lot of mistakes. i always get nervous when i say that because you're not supposed to admit that you make mistakes but isn't everybody perfect on tv? it's in the little handbook they give you on the day you first go on air, right? along with the tv gibberish for the thing you wear in your ear that makes you look like a secret service agent, the ifb. we all make mistakes, anyway. tonight my role as your investing coach, i'll try to prevent you from making some of the most commonly made blunders out there. blunders most of you might think you're too sophisticated to make and that's wrong. you're never too smart or too seasoned to make a bone headed, amateurish mistake. and i am, yes, living proof. that's why you need rules. you need to obey the rules. this goes for me, too. to prevent you from making the mistakes that come so naturally. in "stay mad for life," i got a rule called love the product. don't love the stock. that may sound elementary. even insu

cramer analyzes the technicals. to find out if now could be the golden opportunity to buy on "off the charts." >>> plus smart phones are red hot. but can the guts of these gadgets make you some green? cramer goes head to head with t.j. rogers to find out if his stock can have you reaching out to touch some "mad money." >>> and later, jim goes fast and furious. as he faces a non-stop barrage of calls giving stock after stock their final verdict on the lightning round. all coming up on "mad money." i keep hearing this is the beginning of a new bull market right here right now. that's right. swarms of technicians, the people who rely on the charts of past action to predict where stocks will go in the future have been exuberantly claiming the beginning of a bull market. since when? friday. friday, the beginning? huh? we've gone from dow 6,500 to dow the 9,000, s&p 500978. and now the chart is telling us, buy, buy, buy. this is when they decide to invoke noted allbeit noted stock guru karen carpenter. i throw my hands up

. >>> i'm jim cramer. welcome to my world. >>> i'm jim cramer. welcome to cramerica. other people want to make friends. i just want to try to make you money. my job is not to education, but to entertain. so call me. >>> hey, how can this market go up when the news is always so negative? i look at the first page of the business section of "new york times" today, uh-oh, troubled airlines, airlines already suffering, the airline industry is in the midst of one of its most wrenching summers ever, and the fall/winter may even be worse. how about the front page of the times? obama's choice of auto woes is leaving post. what's this one about? how the woeful auto industry lost the man who will turn it around? like anyone could? one of the most wrenching summers for the airlines. how about the last 80 summers? when was the wright brothers thing? the trouble with auto industry losing its savior, can henry ford die? you know? woe is not me. these stories sound scary, but i don't think they count as real news. what is real news then? not what the press decides to highlight, but t

cramer. boo-yah. >> boo-yah, kathy. for calling. >> caller: i have a diversified, pretty diversified portfolio. and i wanted gold to be part of my retirement plan. but i keep hearing conflicting arguments. so for retirement plans, where should i invest? i hear you saying gold stocks, but what about gold coins or mining companies? >> i actually like all these. now, gold coins, you've got to be careful. i wrote a piece for a site called mainstreet.com, which analyzed this heavily. i like gold bouillon, but gld tracks gold perfectly and that's perfect. the gld for your i.r.a. or your 401(k). remember your 401(k)/i.r.a. secret weapon, real estate investment trust and royalty trust. they can allow you to dodge taxes legally and rack up the dough. stay with cramer. >> investing's confusing. i've mapped out some road rules to help. hey, i'm cramer, remember, lots of people believe they should be fully invested, meaning they should have their entire portfolio in stocks at all times. that's nonsense. holding cash and sitting on

that's it for cramer. be right back. >> don't miss a second of cramer.an find "mad money" on itunes and download it for free. picks and pans and the "lightening round" with you on the go. for more info go to "mad money."cnbc.com. come on in. you're invited to the chevy open house. where getting a new vehicle is easy. because the price on the tag is the price you pay on remaining '08 and '09 models. you'll find low, straightforward pricing. it's simple. now get an '09 silverado xfe with an epa estimated 21 mpg highway for under 28 thousand after all offers. go to chevy.com/openhouse for more details. click today. >>> dedicating this week to the great work of al need, i always like to say there's a bull market somewhere. i promise to try to find it for you come monday. i'm jim cramer, see you monday! >>> up next, the historic rally lives on. the emergency liquidity ending. find a bank you like and buy it. plenty of time for investors to get in. but steve moore sold his whole portfolio today! during the lexus golden opportunity sales event, you can do both.

stay with cramer. >>> next, try to keep up with cramer as he takes your calls rapid fire in an all-newus e-mail us at madmoney.cnbc.com and jim could answer you on the air on an all-new mad mail. all coming up on "mad money." >>> it is time -- it is time for the lightning round on cramer's "mad money." it's rapid-fire calls a s ans al you when to buy, buy, buy, or call, call, call. we play until we hear this sound and then the lightning round is over, are you ready skee-daddy? it is time for the lightning round on cramer's "mad money" why don't we start with dominic in florida. dominic? >> hey, jim, how are you doing? >> know bad. thank you for asking. how about you, sunshine? >> buy, hold or sell? >> they happen to be my insurer so first of all i like their quality product. this is absolutely no judgment on their product, but the insurance company i like is travelers, trv, why? because they have a great operation. the stocks have been stuck in the minus 40. if you want to be more address of you want to be like my friend doug cass and go down the food chain and take a run at a lincoln

cramer analyzes the technicals. to find out if now could be the golden opportunity to buy on "off the charts." >>> plus smart phones are red hot. but can the guts of these gadgets make you some green? cramer goes head to head with t.j. rogers to find out if his stock can have you reaching out to touch some "mad money." >>> and later, jim goes fast and furious as he faces a non-stop barrage of calls giving stock after stock their final verdict on "the lightning round." all coming up on "mad money." having the right tools is crucial to being able to manage your diabetes properly. it's very important for me to uh check my blood sugar before i go on stage. being on when i'm feeling low can be like a rollercoaster. it does at times feel like my body is telling me to do one thing... and, my mind, my heart is telling me to do something else. managing my highs and lows is super important. with my contour meter i can personalize my high/lo settings so it really does micromanage where my blood sugar needs to be. i'm nick jona

stay with cramer. >>> coming up, a lightning round, cramer takes call after call, to give your stockts final judgment. can you keep up? so many arthritis pain relievers -- i just want fewer pills and relief that lasts all day. take 2 extra strength tylenol every 4 to 6 hours?!? taking 8 pills a day... and if i take it for 10 days -- that's 80 pills. just 2 aleve can last all day. perfect. choose aleve and you can be taking four times... fewer pills than extra strength tylenol. just 2 aleve have the strength to relieve arthritis pain all day. >>> no, it's not time just yet. i want to revel in the fact that intel showed you you should not take your cue from a company like dell. you would have missed a fantastic rally with much, much bigger revenues. i think you could help amd, the semiconductors are back and i think we should recognize the reason they're back is because business is better not because of some big short covering rally. now it's time to cover the lightning round. what's that all about? raid-fire calls one after another. you say the name of the stock, i tell you whether --

stay with cramer. >>> next, try to keep up with cramer as he takes your calls rapid fire in an all-newng round. plus e-mail us at madmoney@cnbc.com and jim could answer you on the air on an all-new "mad mail." all coming up on "mad money." to stay on top of my game after 50, i switched to a complete multivitamin with more. only one a day men's 50+ advantage... has gingko for memory and concentration. plus support for heart health. that's a great call. one a day men's. against plaque and gingivitis vs. the leading mouthwash. it kills 99% of germs, helps prevent plaque and gingivitis, keeps teeth cleaner longer, and freshens breath... ...without the burn of alcohol. crest pro-health could save 'em hundreds on car just telinsurance.e geico it's actually doing it. gecko vo: businessmen say "hard work equals success." well, you're looking at, arguably, the world's most successful businessgecko. gecko vo: first rule of "hard work equals success." gecko vo: that's why geico is consistently rated excellent or better in terms of financial strength. gecko vo: second rule: "don't steal a coworker

hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people make fries. i'just trying to make you yuan. that's chinese money. my job is not st to educater entertain. call me at 800-7-cnbc. i've got some go news and some bad news. e good news, the stimulus working. people are spending more mon. more goods are being purchased, demands tightening, and we might even have to hire people. the bad ne? i'm talking about china! he tt was the guy. that guy was terrific. i love the wife, t. in america, unfortunately, the news pornds more job losses as companies fire people here t save our patheticash and increasinglyo business in china toake money. at's what we learned today from alcoa's better-than-pected earnings. most of the timei hao remind people that alcoa, the beleaguered aluminum pducer that colors port cards isn't worth focusing on. quarter aftequarter, i've had to tell at least someo that figure out which way t mket is headed and thinki, as goes coa, so goes everything else, has been a great wayo baffle yourself into a tal lack of clarity and learn nothing

cramer's top storieses, ghghtng round totoo,o, "d money's" video d d re. ththatndnd cc's free real-time e quot.. go to mmmm.cc.c.co we're e out rerelookings just bececause they're inside you oh, ladieslet's say you have osteoros. do. you could be losingg bo strength. can i get it back? with once-a-momohh actonel.r doctotor how tohes actonel ls inically proven top reverse bone lo and can help increaease ne strength to hp prevent acture so you c get back some of what u lost. do not take actoneifif have low blood calcicium, severe kidney diseasase, or cannot sit or anfor 30 minutes. llow all dosing ststruions. stop t taking actonel and tell yr doct if you experience diffictt or painful swallowining, chespain or severe or ntntinuing heartburn. these e be signs of serious uppedigestive problems. promptptlyelelyour doctor if yoyou vevelo severe bone, joint ororuscle pain, or if you u delolop dental, as s serusawbone problems ha b beereported rarely. the more you knowabout oste, thmore you'll want toto ask youdoctor (announcer) you can't afford urur mication, vis

cramer gives you a sign of hope on the eureka moment. and later the wizard of wall street kicks it into high gear to give your stocks their final judgment on "the lightning round." all coming up on "mad money." [ queen ] want your longwear to give you more? well, get on out of that department store. and into covergirl outlast. no department store longwear gives you so many different ways to last through breakfast lunch and dinner. more choices, more shades, more outlast. ♪ covergirl diarrhea, constipation, gas, bloating. that's me! can i tell you what a difference phillips' colon health has made? it's the probiotics. the good bacteria. that gets your colon back in balance. i'm good to go! phillips' colon health. >>> by now you're used to hearing about all the negative aspects of president obama's agenda and pelosi's agenda that could, of course, lose you money, but i have found something, i have found a stock that should actually benefit from what the democrats in washington are planning. i keep searching. now and then it's kind of like

stay wh cramer. >>> try to ep up with cramer as he takes your calls rid fire ian all new lightning round at madmoney madmoney@cnbc.com, a jim could swer you on the air on an all new mad mail." all coming up on "mad money." anshop till you drop, rell from hotwire.com. when hotels have unsold oms, they use hotwire to fill them... so you get them at prices lower th any other travel situaranteed. like foustars in chicago. travelity price, $179. hotwire hot ra, just $95. hotwire.com. four-star hotels, two-star prices. ♪ h-o-t-w-i-r-e ♪ hotwire.com k today. >>> it is t it is ti for the lightning roun on cramer's mad money. what's that all about? rapid re calls, onefter the other. yosay the name of the stock. i'll tell you whether you should do '. my staff prepares thegraphics on t fly, which is why it looks like it's prad whenou hear thissound, and then the lightning round is over. are you ready? ske-daddy. it is time for the lightning round on cramer's "mad moy." we are starting wit cheryl in tennessee. >> caller: we have a tennessee family bah-bah boo-yah. familial style. what's up? >> calle

cramer. >> what's up there?ve give big minnota twins win twins boo-yah to you from the scorching derts of west texas. >> wind boo-h. i'willing to give you a ranger boo-yah. go ahead, you know, it's home run derby, anything canppen. what's up? >> caller: eney conversion devices. is iall bad news from here? yes, it is, my frnd, because oil's going lower and we don' want to touch anying, anything -it's an easy trade to avoid, evything that's involving oil right now, ternative to oil, i like some of theil stocks, but not the alternates because oil's coming down. ericillinois, eric? >> caller: boo-yah, jim. >> boo-yah. >> caller: it's my 3th birthday today i g slaughtered by 80 y erican dairy today and i'm wondering if i should take my losses and walk away -- >> i kno american dairy, it like, you say, oh, jeez that must be -- in china. it's a chinese play. i'not making fun, don't know how to -- if they would givehe onetic, i would be able to say it. i don't want to touch th stock. it smells like spoiled milk. hoabout

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something that gentleman farmer cramer should know. but i just spray miracle-gro on my rapidly reddening beefsteak tomatoes. lower demand now has set the groundwork for a massive increase in demand in 2010. and while potash prices have fallen, india just announced potash settlements of $460 per metric ton. that's what they use. that's the metric. now, it is down from 650. something that should lead prices across the globe to reset lower. but that's why the stock's down. the contract broke the impasse that was keeping the demand for potash down. buyers now have the clarity they need to resume purchasing pot ar, and more importantly, the deferrals of potash purchases over the past year have created a massive supply -- a massive void in the supply chain that will have to be filled. this is the so-called restocking we saw in semiconductors at the beginning of the year. all commodities have similar destock/restock. that's why potash believes that at last the great fertilizer depression is over. and i'm with potash on this. the brazilians ar

>> caller: jim cramer, you're the greatest. what about motorola?> i was shocked motorola could make money. i would say they're out of the woods. [ buzzer sounds ] >> nokia and motorola are still getting smoked by apple! greg in california. greg? >> caller: jim, how you doing? >> pretty good, greg. how about you? >> i want to give you a big bakersfield boo-yah! >> it got cold, i could live in the desert for a while. what's up? i want to know if best buy is a buy, a beer or a bull? >> for mortgage purposes, i like it because i think the u.s. economy is coming back. i'm liking it because it's best in show in the category. i think that's a good situation. i also like the hh greg, by the way. let's talk to shawn in new york. shawn! >> caller: i want to give you a big, it's my birthday week boo-yah! >> i'll give you a boo-yah. happy birthday. what's up? >> caller: jim, i've been following this show since you were on km radio 15 years ago. >> absolutely. >> caller: i want to thank you for every bit of knowledge you've shared with us. >> we do not buy the

i'm jim cramer. next time. >>> patience doesn't turn around overnight and neither does companies. a bunch of stocks can do a bunch of nothing remaining stuck in the mud for ages. that doesn't mean sell, you have to wait. take a deep breath and be patient. i know you get ancy and think if the company was any good, it could be going up. if your stock is going fast but you still believe in the long term thesis, remind yourself what made you buy it in the first place. if the long story hasn't changed, take the long term view. don't let a rocky market cheat you out of what could be spectacular gains. there's always a bull market somewhere and i promise to find it for you on "mad money." week nights at 6:00 p.m. and 11:00 p.m. cnbc. >>> is the bull market alive and well? why you should be buying banks right now. milton friedman, he would have been 97 today. his birthday, coming up.

cramer is sizi it up. to find out if it could be the right fit for your pofolio. >>> plus on all-new "off the charts," jim is performing a taste test on one succult stock. coulit add a dash of "mad money" to yourottom line? >>> later, what dastardly de on the street has cramer a fired up. find out on a heated "outrage of the day." l coming up on "mad money." fithe e me tools the pros use, ou can be a discsciplined ader. by selecting from eight advanced triggers, your order gets ececuted, even when you're b busy. and withrailing stops to help u lockn profits and miminize rk, u cabe confident in yououstrate, noatr which way the market mov. find o out why m me and more active tradede are tu to fidelity for a a ter y to trade online. trade like a pro.. trade with fidelity. >>> while i was busysy sffffli betweeeen acacs on long island and new jerseyeyasast ek, tween brandsdsitith single-digit stock soared when n c caut a bid from e dress barn. i owow iaven't liked retail a a whwhollot lately, but with gasosoli

stay with cramer! >> cramer has gone mobile. get "mad money" on your mobile phone. cramer's top stories, "lightening round" 2 go. "mad money" videos. >>> i'm pronouncing the great fertilizer depression over and telltu buy it. there's always a bull market somewhere, i promise to try to find it for you. i'm jim cramer. see you tomorrow. >>> next up on kudlow. does this commodity chairman like onions or oil? is the yahoo deal too great to make them fly? steve forbes got everything and the summer rally lives.

stay with cramer.ndefeated professional boxer floyd "money" mayweather has the fastest hands boxing has ever seen. so i've come to this ring to see who's faster... on the internet. i'll be using the 3g at&t laptopconnect card. he won't. so i can browse the web faster, email business plans faster. all on the go. i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. the pontiac summer closeout is here; hurry to get the pontiac you want before they're gone. the price on the tag is the price you pay. get a 2009 pontiac vibe for $13,708 after all offers. or get 0% apr for 60 months on most 2009 pontiac models! all are backed with the best coverage in america, including a 5 year/100,000 mile powertrain warranty. get some excitement while you still can, during the pontiac summer closeout. visit pontiacdealer.com >>> it is time. it is time for the lightning round. you say the name of the stock i tell you whether

stay wh cramer.amimining e stock to tell you if t they have the rightht formulaor profitits. >>> us -- the time has come e for cramer to guide yoyou throh ththe market ups and downs. ock after stock. on t the ligning round. >>> and later, e-maiail us at madmoney@cnbnbc.com anjim could you answer o on the aion an all new w "mad mai coming up on "mad ney." of ifou're taking 8 exextra-streth tylenol... a daon the days that you ha ahritis pain, you coulend up taking 4 times e mber... of pillsls comred to aleve. choose aleve and you couldld start taking fewer pillsls. just 2 aleve havehe strength... thiss s huliating. snd still so we can get anccurate reading. okay...um.m...eighen pounds and a smidgdge. a smidge? y'know, there's reallyo need to weigh package under 70 pounds. with prioririty ml l at rate boxes from t p pl service, if it fits, it ships anhe in the country for lowlat rate. cool. you know this sce is off by a good d 7, 8ounds. maybe five. prioty mail flat rate boxes on from the postal service

bo >> calalr:r: b-yah jim cramer. i watch yoyo s shoevery day, and i've read your books, , anyoyove made me e a chch, ch better vevest. ananyou for your hard workrk. >> that't's cece thanank u.u. i bumped intnta a buh of people who likeked b booat the beach th weekend. i i sieded se at the beach. >> caller:r: il l ve to get you toto sn mine too. >> thank you. >>aller: you discussed p pcece equals e earngngper share times muiple concept. >>hat's solving for the multiple is what i calalleththat that's what t i vivied in that book y y p probly read, now out ininaper back. >> caller: some e t theompanies share e thth gp and non-gap per eaeaing estimates. i i noce there can be a large gap between gaap a andononaap earniningsststimes. which of thehewowo suld we be pluguggi i io the equation? >>ust straight out earninis s per share. ananody that's got to makeke iby using -- nobododgogoesjim, that's n notn n counting trick. ye, i only took two yeararofof accounting. all i care about is acactu earnings per s srere. i don't car

you can't afford to miss it. >> i'm jim cramer. welcome to "mad money." other people want to make friends. i just want more days like today. my job is not just to educate but to entertain. so call me, 1-800-743-cnbc. what a fabulous rally! days like this one are why we stay in the game. any time the dow closes up 84 points, the s&p 500 advances 13, i record it as a day to celebrate. that's right. i think it's time to break out the champagne, drink a toast to this beautiful, dull market. one pace away from the best july since '39, which happens to be a good day for dom perignon which is how i first pronounced it 20 years ago. anyway, there are many people who suggest that this bull's days are numbered. that's one of the tough ones. anyway, to argue that the positive action we've seen since the bottom in march is proof that the good times are almost over, and the market is about to take a nose dive! is there a case? ever since the bottom in march, the market has been following the exact same course. get ready, because this is going to be really scary. the e

stay with cramer. >>> coming uthe lightning round," cramer takes calafter call to give your stocits finaludgment. can you keep u there's that mr. clelen magic eraser thing agagain. clean freak. [ bole2 ] whoa... is he tter than us? , , i an, i mean i feelike it took you like t tee times longer to do whwher he did... dude, dude, he's got.....these- like -- microscrcrubbe.. yeah, gues.. magic man. he'sagic man. what? i jujustwa to b. [ male announcer ] removthe times more gri perwipe with thehe mr.lean magic eraserer. >>> it's time for "the lightning round." me the stock. buy buy buy, selsell sell. put e ocks ahead of tile it's friday. i don'care. i am back, i bigger than ever. play to hear this out. and the lightning round is over. are you ready? steve daddy? it's time for "the lhtni round." da in minnesota. dave >> can you hear me, e? >> you sound better th eve >> good. a beautiful gopher state boo-yah toou, mr. cramer. >> t gophers. the other guy said the badgers i say, gophers, c, badgers, no. okay. >> my stock is mtfc -- >> oh, testing. it's never been a go as long as i've been around.

stay with cramer. >>> coming up, is a bottom for the steel industry in sight? cramer gets the state of the sector with nucor's ceo dan dimicco and finds out whether the economy is ready to forge ahead. at first i was afraid. i was petrified. kept thinking that each meeting meant... that i would have to fly. but then i spent so many nights... reading e-mails way too long. then i grew strong. network video came along. ♪ and so i'm back ♪ no time to waste ♪ just click the mouse and get things done ♪ ♪ see people face-to-face ♪ i should have changed things long ago ♪ ♪ this technology saved the day! ♪ [ female announcer ] more collaboration, less complication. that's the human network effect. learn more at cisco.com/newways. has the fastest serve in the history of professional tennis. so i've come to this court to challenge his speed. ...on the internet. i'll be using the 3g at&t laptopconnect card. he won't so i can book travel plans faster, check my account balances faster. all on the go. i'm bill kurtis

i'i'm jim cramer. see ya tomorrow! dlow, are ststksks a the economy taking a rn for the worse? fifisc stitimusshould helpp siness. 2020 a barrel for oil. economicic freedodo go, sarah papali

>> caller: giddy-up, cramer. andrew from saratoga, new york. >> oh, man. hey. >> caller: i've got a horse for you. listen to this. how about aruba networks? should our chambers be worried we may be clipping heels with -- >> no, no, no. it's part of my mobile internet theory. it's a buy, buy, buy. it's a little $7, $8 stock. i think it goes higher. probably get the market down tomorrow. mister softee is going down big because amazon is going down big. i want to buy the amazon on a scale-down, and it could move your stock lower where i want to buy, buy, buy it. how about ryan in kansas? ryan? >> caller: hey, jim. kansas country boy boo-yah to you. >> wow. new kind of boo-yah. what's up? >> caller: i've read "mad money," i've done my homework, i know growth and profits are king. i like what it's done for me so far. tell me what you think about rino international, r-i-n-o? >> stump the chump. don't know rino. just don't know it. got to do some work on it. i've got to come back. you know that i do that. come on. i'm busy here. give me a mea culpa. when you buzz

>>iiasas in thehe menthol,hat is cramerer smelling?u havave a non-mentntho t doesn't smell so bbad >> we hee a ninishg enen >> rightht. but t uu do n not have one i'm holdldinththbox up. i havehehe vanishing cream, ths is for m m o own personal edifificioioand other 2 2 llion peopop watchininththe ow. >> if you u wa an o odo frfre y bu a spir creamor capitalization, both doo vyy ll. we havave aspircreamam, each ha different activations. i g g it. thank you. yoput it right your critics. i'i'wiwith ouou not with them. you make momone forininveors, theyeyonon't van guerry,hattem, twoo thumbs up. haha to gethehe n-n-smly type. stay with me. aa per cream. aspercrcre. . >>> we've got t stng ececony, peoplele bing, pututngng peopleo work. unfortrtunelely,china, urgeou listen to the a aoaoa cl. i'm jim cramer, sesee u u tomorrow. >>nenext up onkudlow,tocks versus fed flation. isis arica losing competititito cha and europepean? my favoriri investmtmenanank d i'll tell yoyou why. kudlow, up ne! one fourur sr r h. twtwo entical rooms. so why does

sylvia. >> caller: boo-yah, jimmy cramer.d money" maven of wall street. >> sylvia, you're too kind. i got to tell you, when i hear that, i got a lot to beat this weekend. i'm just thrilled. people say hey, jim, i'm sorry -- you're not bothering me. i'm thrilled that you like the darn show! how i can help you? >> caller: love it. here's my question. baxter international, bax, they have great earnings. >> absolutely. >> has a big contract for the swine flu vaccine. goes up for a few days and then keeps going down. >> sylvia, we can't look at the near term action. this market likes caterpillar. it likes eaton. it likes union pacific. it likes bhp, it likes iron. it likes steel. it likes cyclicals. it doesn't like health care. but baxter is a great company for diversified portfolio. they did blow await numbers. i think there's room, sylvia, for a baxter in your portfolio as long as you have the machinery company or something that makes you diversified and are not all health care. t.j. in wisconsin? t.j.? >> boo-yah! greetings fro

i'm cramer, have areat weekend.. >>> up next on kudlow, obama shift shifts t.a.r.p. known bail out small businesses. profits that rprise on the up side.

i'm jim cramer. see you tomorrow!>> next up on kudlow, apple, cat, merck, starbucks a lot of economic recovery there. stay with the banks, they're going to earn their way out of t toxic assets. robert rice versus john stossel and robin james versus raymond james.pr remaining '08 and '09 models. you'll find low, straightforward pricing. it's simple. now get an '09 malibu 1lt with an epa estimated 33 mpg highway. get it now for around 21 thousand after all offers. go to chevy.com/openhouse for more details. are enjoying the new palm pre with its revolutionary web os. they're running multiple live applications at the same time. - ( thunder and rain ) - 3 million are using the simply everything plan. each is saving $1200 - over an at&t iphone plan. - ( cash register dings ) together that's over $3 billion. - enough to open a dunkin' donuts in space. - ( walk( alkie sounds ) from america's most dependable 3g network. bringing you the first and only wireless 4g network. get the palm pre from sprint. only on the now network.

jim cramer of "mad money" is here. you know, want to get to a macro pictfirst. >> sure. >> and then microdetails. do you believe in what's happening today? and if so, how much more is there? >> absolutely, i believe. i think that there's a lot of things that are happening individually to individual stocks that are quite exciting. look, i hear the health care debate and i see reid step down. let's go buy some health care, right? we're not going to have a rd call reformulation of health care. a lot of stocks have been punished. we lose an unbelievable number for ford. wait a second, maybe that means we're going to get a bill going. that is going to be as phil lebeau asks, perhaps people being rehired. i'm seeing rehiring, a little more consumer spend. i'm seeing named executives like the new corp. executive on my show saying they're seeing stabilization. how about housing? >> it was good. >> yes. third in a row. >> things really picked up when we got the housing numbers today. >> fortune brands to 39. that's when you get

i love jimmie cramer. i love the guy. >> that's a fair point.im cramer said, he said the current oil futures market is a mockery of a shame, and he's right. here's why, in the year 2000 when my former boss, bill clinton, signed it into law, and i'm not proud of that, the enron corporation lobbied for and got what the senate committee on investigations said were the enron loopholes. what does that mean? what it means they were able to get all commodities regulated in the future except -- except -- for energy and oil. electronic exchanges became unregulated. off shore, and multinationals unregulated. what did that do? by the way, do you know what that law also included, an exemption from state gambling laws, why, because gambling and the effect, the effect was to raise prices. artificially, not based on supply and demand. >> is an issue here. you make some good points. but dick armey, look, there is a good point here, limiting trading, that crosses a line, dick. >> right. >> that moves me toward price controls. and do you know what, these guys, wh

i'jim cramer. ve a great weekend. ll see you monday.

hey, i'm cramer, welcome to "mad money"! welcome to cramerica.nd kick back friday night, not the least bit interested. i'm just getting fired up. i want to make you some money. my job is not only to entertain you, it's to educate you. so call me. we should have been down today. we should have been down big today. when microsoft still the world's largest software company, amazon, the world's largest online retailer, and american express, the world's most prestigious credit card company, hey, take it from me, don't leave home without it. when they all disappoint. you'd think the market would get absolutely obliterated! i mean, hammered beyond recognition! and after the huge run we've had, you would at least expect a garden variety selloff. >> sell, sell, sell! sell, sell, sell! >> when i left here last night, my e-mail box was filled with messages predicting the coming armageddon. >> ahh! >> when i wrote a piece on the real.com advocating people >> buy, buy, buy! >> -- at the opening, i was immediately cybertasered at the mere rad of people that re

that was jim cramer sounding off on the big push to crackdown on speculation.n things on the past and i disagree as well. sharon, how do they feel about being called a total farce? >> reporter: they don't like the talk about tighter regulations either, whether coming from france or britain or anyone else. there's a lot of concern as we look at oil prices, near 147, falling to $3 a barrel and up to over $73 a barrel. in a week's time falling to look like below $60 a barrel. mean even today i'm joined by a trader on the floor and independent trader, mike. we talked about this so much, so many people have been telling me today, sending me e-mails saying it has to do with electronic trading. once we went electronic, that's when the volatility started. that's a tool that lie lights how volatile the market has beme. >> we uld say that and sound bitter down here. that'sot our goal. there's a lot more that goes on in these markets other tn whatd u see on the floor. if you want to point your finger at the price ooil, i don't think you point down here. >> all of the ban

we'll find out what jim cramer has to say about that and his trades. then wall street's trillion dollar deal maker, jp morgan's chase will be here. we'll be right back. with annuities from fidelity turn your savings into income --uaranteed, and get a retirent "paycheck" folife -guaranteed. call... to g started, and learn how to secur retirement ince that won't go down -- guaranteed. callidelity at... for deils about guaranteedncome for life, and change the way youhink abouyour retirement savings. >>> requested jim cramer is here to talk to us. something ken said at the end of if not slightly optimistic case was in november of next year. >> there wasn't anything good about what he said. i struggle through temperature he didn't emphasize what his credit losses will be pt he did talk about taking some share. this was -- to me, i know he probably would not agree with this characterization, it was little if any hope interview. and given how central american express is to the economy, it -- >> said no green chutes, none. >> it was just bad. unfortunately com

what do you think of cramer's comments there? he's losing his nerve. >> he's just being a responsible investor. you have to take profits when stocks run up. that's something that you do. corrections are normal. i don't think that's really out of character for jim or any of the rest of us who were trying to manage people's money in portfolios. >> scott, it does seem like an obvious trade. the nasdaq up 12, 13 day ins a row. at some point it's going to fall. at some point you do a short-term trade. >> if you want to be very short term you can do that. if you take any sort of longer term horizon, you should look at the opportunities with a fullback and look to get more fully en vested. >> everybody wants to talk about equities. the reality is you should be putting more money in fixed income. we're up 8.5%, market is up 3.5. you don't have to worry at night. >> wait a minute, john lekas. i could have sworn that you were telling me that inflation is going to come clobber the market. i thought i shouldn't buy the bonds if they eat into

our own jim cramer calling oil futures a sham. branson britain calling for a clamp down on market stimulation. and considering position limits. >> didn't they tell us just a year ago that there was no speculation and n. that market? >> yes. >> i'm pretty sure they investigated and found no evidence of excessive speculation. >> it tends to come up more when prices go higher. $147 a barrel. there's sbpeculation. $70 a barrel, there's speculation. >> let's check the futures. up $140. good news. minus two, fair value. we're above fair value. we could get 20 points on the dow at the open. >> let's get to it and find out how this early morning news is playing out. we begin with bertha coombs at the big board. hey, bertha. >> thank you, rebecca. all that news has a lot of investors on edge. the only thing the bulls will tell you is yesterday's decline came on low volume. a lot of folks waiting to see what's going to happen. of course, tonight after the close we get a report from al a alcoa. yesterday the stock did buck the downward trend

cramer saying a travesty of a mockery of a sham. you know, you have brown and sarkozy taking aim at you. the criticism is that you see in a given day a billion barrels of oil traded, a million contracts, that's a billion barrels in a mark where only 86 million really ext. ú is the criticism ir? ú ú >> no, absolutelynot. ú and i take strong exception witú mr. cramer comments. ú firsof all, nobody isalking ú about manipulation of t ú rket. what people ve expressed ú concern about is quote unque, excessive speculation, not manipulation. and the speculation concerns really have to do with non-commercial hedgers and their involvement in the market. that's an area where these markets clearly function for the purpose of price discovery and to allow commercial hedgers to hedge energy market risk. >> but craig, i mean, you say the focus is on the non-commercial traders. there has been an explosion in non-commercial traders. we saw all the hot money move to the nymex at the time that i was down there reporting. i mean, you just saw an explosi