welcome to cramerica. other people want to make friends, i'm trying to make you money. my job is to educate, teach, and explain days like today. call me at 1-800-743-cnbc or tweet me @jimcramer. s tonight i want to talk about building wealth in general and not just owning stocks in particular because stocks is one part of building the wheel. there's some people can make enough money from order anywhere yay day to day income to become truly rich. for vast majority of americans that paycheck is not enough. if you keep working i will tell you how to help you the rest of your life. truth is before you start investing in stocks there's a lot of other things you have to do if you want the pay off from those investments to mean something later in life when you it is fruitless to think you can get rich in stocks if you haven't laid the foundation for long term wealth before hand. you can make a fortunate in the market but if you are hem rajing money portfolio won't do much for you. there are three absolute necessariety etiety etthings you need before owning a stock. here on mad

the x1 voice remote is here. >>> happy holidays, cramerica!lier we talked about stocks that wall street was falling in love with. we love to see stocks doing well. it's part of what cramerica is about. we don't like to see all the eggs in one basket. we play "am i diversified." you call me and tell me your top five holdings. i'll tell you if you're diversified or if you need to shake things up. let's start out with a tweet. am i diversified with facebook, angler -- man, that's such a bad gold company. allergan, it's going to take a year before that starts flying. sketchers is footwear, facebook is tech, apple is tech. we're willing to accept that because apple is not part -- it's a low multiple stock, own it, not trade it. it's not doing well right now. i understand that. gold company, a footwear company, and certainly too low, i don't want people selling it. . >> let's go to yu in georgia. >> caller: booyah, a retired math teacher from atlanta, georgia. am i diversified? i have apple, ford, bank america, google and ge on your advice. >> all r

yours, happy holidays, cramerica. olay regenerist renews from within, plumping surface cells for a dramatic transformation without the need for fillers your concert tee might show your age... your skin never will. olay regenerist. olay. ageless. ugh! heartburn! no one burns on my watch! try alka-seltzer heartburn reliefchews. they work fast and don't taste chalky. mmm...amazing. i have heartburn. alka-seltzer heartburn reliefchews. enjoy the relief. let's get these dayquil liquid gels and go. but these liquid gels are new. mucinex fast max. it's the same difference. this one is max strength and fights mucus. the only cold and flu liquid gel that's max-strength and fights mucus. >> it is time. it is time for the lightning round. you say the name of the stock. i don't know the calls or the name of the stock ahead of time. i tell you whether to buy or sell. when you hear this sound -- [ buzzer ] -- then the lightning round is over. are you ready, skee-daddy? nick in ohio. nick! >> caller: mr. cramer, i would like to know

. >> from our family to yours, happy holidays, cramerica. i absolutely love my new york apartment, but the rent is outrageous. good thing geico offers affordable renters insurance. with great coverage it protects my personal belongings should they get damaged, stolen or destroyed. [doorbell] uh, excuse me. hey. lo mein, szechwan chicken, chopsticks, soy sauce and you got some fortune cookies. have a good one. ah, these small new york apartments... protect your belongings. let geico help you >> we're going over the rules that have gotten me this point in my career where i can play for charity instead of trading at my own hedge fund, which i retired from. the lessons of the hedge funds are very much with me. i'm going over them tonight in a special show to help you with your portfolio. let me give i one always the height of silliness. if it weren't for that darn buy of -- then you fill it in -- why don't we use high max, i would have been up big or i would be making a huge amount of money in the market if only i hadn't left against me when the

welcome to cramerica. other people want to makes friends i'm trying to make money. my job is not to entertain you but to educate you, soall me at 1-800-743-cnbc or tweet me @jimcramer. close watchers of "mad money" know i'm not a chart but i do play one weekly on tv. given that i base almost all of my work on fundamental factors related to the companies i study and not the shape of their charts the off the chart segment traditional stock picking methods. i know from your feedback @jimcramer on twitter that you're interested in this annual sills and it's proven itself time and time again to get a lot of people involved at the right levels. not for me as i explain and get rich carefully where i deaf vote a whole chapter to charting have i become a chartist myself. i single out stocks to research and i overlay them on my broader world view at the moment. chartists could care less about this stuff, they often don't care what the company does. i wonder if they could do their jobs with the companies names blacked out. in fact, i am sure they could. some of them hate the d

. >> from our family to yours, happy holidays, cramerica. >> we're going over the rules that have gottene this point in my career where i can play for charity instead of trading at my own hedge fund, which i retired from. the lessons of the hedge funds are very much with me. i'm going over them tonight in a special show to help you with your portfolio. let me give i one always the height of silliness. if it weren't for that darn buy of -- then you fill it in -- why don't we use high max, i would have been up big or i would be making a huge amount of money in the market if only i hadn't left blank, let's use fireeye use against me when there was insider selling. it takes only one or two losers to wreck a portfolio. i devote my time analyzing my loser stocks than my winners. i recognize that stocks often telegraph declines ahead of time. loss control is the paramount concern for all of those in the market because the winners, good stocks, they take care of themselves. take the loss before it gets hideous. don't buy into the notion that you can't sell until it comes back and then you promis

welcome to cramerica. other people want to make friends. i'm just trying to save you money. my job isn't just to entertain but to educate and teach you. call me at 1-800-743-cnbc. or tweet me @jimcramer. boy, that was a nasty day. once again, we're back in crazy town. lower oil prices mean a lower stock market. something that is

welcome to cramerica.

welcome to cramerica. other people want to makes friends i'm trying to make money. my job is not to entertain you but to educate you, soall me at 1-800-743-cnbc or tweet me @jimcramer. close watchers of "mad money" know i'm not a chart but i do

welcome to cramerica. other people want to make friends and i'm trying to make you money. my job is to teach and coach and explain days like today. call me at 1-800-743-cnbc or tweet me @jimcramer. right now, right now we're in the heart of liquidation season. not familiar with at

welcome to "mad money," welcome to cramerica. i'm trying to save you some money. my job is not just to entertain but to teach in code. so call me 1-800-743-cnbc or tweet me @jimcramer. crazy town continues. a really strong employment number today. lots of jobs

welcome to cramerica. other people want to make friends, i'm trying to make you

welcome to cramerica. other people want to make friends. i'm just trying to save you money. my job isn't just to entertain but to educate and teach you. call me at 1-800-743-cnbc. or tweet me @jimcramer. as 2015 draws to a close, i believe we will look back on the last 12 months and declare it, declare it the year of the haves and the have-notes. today the dow out of nowhere ga gained 123 points. the gulf between the winners and losers. these examples will rip your eyes right open. first we had three winners on the web, alphabet, expedia, and facebook. alphabet, formerly known as google, rejuvenated itself after amazing cfo work at morgan stanley. 2016 will be the year when they really monetize youtube which is worth a heck of a lot more money than it seems. facebook remains a money machine. they're a virtual monopolist on yourself. only instagram can stop them now, and facebook owns that too. expedia has become the modern way to travel but there are some terrible internet losers. yahoo! is hideous even though it owns a stake ini aia aia aial - baba. twitter is off 38% for t

welcome to cramerica. other people want to make friends and i'm trying to make you money. my job is to teach and coach and explain days like today. call me at 1-800-743-cnbc or tweet me @jimcramer. right now, right now we're in the heart of liquidation season. not familiar with that situation in well, you better be. it's very much behind a great deal of the negative action you saw on your screen today, dow plunging 367 points, s&p plunging 7.8%, it was an awful day for the bulls. liquidation season is when the clients of poorly performing hedge funds ask for their money back near the end of the quarter or the year, whenever the fund opens and the hedge fund is obliged to sell the stocks, raise cash in the open market in order to get the money back into the hands of the investors, who are clamoring to get out of the fund. if your fund has a terrible performance, you can bet it's besieged with liquidation requests. you don't believe me? you better. i covered it in my book. redemption is cold and bloodless. no kanging any changing any invd who has been harmed by you. you're g

welcome to cramerica. other people want to make friends and i'm trying to make you money. my job is to teach and coach you. call me at 1-800-743-cnbc or tweet me @jimcramer. why does the market seem so bad these days? what makes it seem lousy when the averages don't do good like today. nasdaq inched up .38%. some of it is because all we ever do is look at stocks through the prism of the federal reserve. every day we guessed what the fed will do and every day we make it harder and now that it's almost upon us this discussion monopolizes it. we know employment has been strong. there's no reason to keep short-term interest rates too low. but it's how companies are doing like mine. the amazing race would be the last thing you do. i can't name a business group doing better than it was six months ago. that is if you thought that employment matters all that much because employment wasn't as strong then as it has been in the last few months. they haven't missed anything. if hiring is their gauge, still, though, the stock markets rock because anyone that follows individual stocks k

welcome to cramerica. friends i'm just trying to make you some money. my job is not just to entertain but to on the job kate. call me at 1-800-743-cnbc or tweet me @jimcramer. they are over. underperforming stocks have now raised all the cash they need to reimburse their angry investors. >> that was easy. >> the tax loss selling has been taken. and that's how you get a day where the dow rallies 185 points. the s&p jumps 1.24%. and nasdaq declines. the sellers have at long last left the building. you're looking at what happens when the selling stops since oil went higher for guide reason today. higher it's positive. it's because of a decline in inventory. we got an astounding 5.88 million barrels. this market was off to the races. you have to wonder if the oil companies finally cut back to production enough. especially since it's so warm that very few people are burning the midnight heating oil. so now we have to ask which stocks are up artificially and which stocks have rally and staying power and what stocks went down today because they have been such

welcome to cramerica. other people want to make friends. i'm just trying to save you money. my job isn't just to entertain but to educate and teach you. call me at 1-800-743-cnbc. or tweet me @jimcramer. sometimes, not often, but sometimes we get a day where it's just too crazy to buy stocks and really easy to sell stocks. that's what happened today. dow plunging 252 points. nasdaq nose diving. one of the worst days of 2015. why don't we use today's session as a teaching school, how sometimes it simply pays to sit on your hands and watch things unfold until they get less insane. that's always been my view on days like today. when the sun came up, it looked like the stock market would make back some of its losses. first, we didn't know the cause of the shootings in california. we would just once again wake up to the sadness of a mindless, tragic incident and lament the trauma. there were no other incidents, a la paris, where there were multiple ones. it was hoped this was not part of a coordinated terror attack. that emboldened buyers. to them it looked like a rebound was in

welcome to "mad money," welcome to cramerica. i'm trying to save you some money. my job is not just to entertain but to teach in code. so call me 1-800-743-cnbc or tweet me @jimcramer. crazy town continues. a really strong employment number today. lots of jobs created and the market actually likes it. we have been conditioned to believe that good news is bad news because it might make the fed raise rates. now though when the fed has finally declared it's going to raise rates we regard this strong jobs number as a sign that things are good enough for the fed to tighten so bring it on. dow roaring 370 points. just higher all day. s&p rocketing 2.5%. nasdaq 208%. is it correct? there's a lot of weakness in the u.s. manufacturing economy but that's now less than 10% so maybe it doesn't matter that much. it's almost as if we're in some sort of weird post industrial society where we have accepted the fact that our country has already lost enough industrial jobs that any pain in that sector from a rate hike will be minuscule in it's impact in the overall economy. that's

welcome to cramerica. other people want to make friends. i'm just trying to save you money. my job isn't just to entertain but to educate and teach you. call me at 1-800-743-cnbc. or tweet me @jimcramer. boy, that was a nasty day. once again, we're back in crazy town. lower oil prices mean a lower stock market. something that is totally counterintuitive because cheap oil is like a tax cut for all of us. but that's not how the stock market views it. hence the dow plunged today. now, to refresh, those big institutions who sell stocks off the falling price of oil are thinking that the lower petroleum goes, the more likely it is we'll have big defaults in the high yield bond market that supercharged these oil companies to begin with. that took on increased urgency today when we learned that a fund manager borrowed redemptions to a high yield fund because this market was too liquid for them to get extent prices for the redemptions. this has roiled through this high yield space, as many companies have gigantic amounts of debt. they took on easy, cheap credit in the housing days. t

welcome to cramerica. other people want to make friends. i'm just trying to save you money. my job isn't just to entertain but to educate and teach you. call me at 1-800-743-cnbc. or tweet me @jimcramer. sometimes you have to play the hand you've been dealt. you just can't throw it back. i can't give up. you have to look at the cards, figure out how to make something work. augment the hand. today's action represents attempts by several different card players to make their hands better in this new environment where most stocks go down anyway. dow falling 163 points, s&p sinking 6.5%. let's take it by the clock. when i got up this morning, the futures, they were down hideously. and you know i get up early. a couple of reasons. both chinese imports and exports showed china's decline in growth continues to accelerate. we've now had 13 straight months were chinese imports slumped right in a row. no wonder copper is in free fall. no wonder there's no place to put aluminum and steel. nickel, zinc, i can't even look at them. it's just bad over there now as the economy frantically sw

welcome to cramerica. other people want to make friends. i'm just trying to save you money.y job isn't just to entertain but to educate and teach you. call me at 1-800-743-cnbc. or tweet me @jimcramer. sometimes, not often, but sometimes we get a day where it's just too crazy to buy stocks and really easy to sell stocks.

welcome to cramerica. other people want to make friends. i'm trying to save you some money. my job is not just to entertain but educate teach and put it into context. call me or tweet me @jim cramer. sometimes people just need to realize that it's not the end of the world. when the thesis gets rebutted in full you get an across the board rally. even if we don't know what the federal reserve is going to say tomorrow. that's how the dow could gain 156 points today. nasdaq climbing .87% and held back by apple there. despite the fact that we're headed into the most monumental fed meeting in nine years. when going to start the course of rate hikes that could be either gradual or superior. conclude that they know something that's been lurking out there. and it means complacent and there's trouble brewing and if we get a rate hike when i imagine we could see continuation in today's rally. speaking of today's rally what made us feel like the world wasn't ending? what concerns were eased in the last 24 hours? let's take some down. first the junk bond market pressure seems to have fin

welcome to cramerica. other people want to make friends. i'm trying to save you some money. my job is not just to entertain but educate teach and put it into context. call me or tweet me @jim cramer. sometimes people just need to realize that it's not the end of the

welcome to cramerica. other people want to make friends. i'm just trying to make you some money.job is not just to entertain you but educate and teach you. so call me or tweet m me @jimcramer. the one and done crowd has taken over. the broad consensus is now that when the federal reserve takes action next week it's going to say this hike will be our lt

welcome to cramerica. other people want to make friends. i'm just trying to make you some money. my job is not just to entertain you but educate and teach you. so call me or tweet m me @jimcramer. the one and done crowd has taken over. the broad consensus is now that when the federal reserve takes action next week it's going to say this hike will be our last one for sometime. that's why the dow roared 82 points and the s&p gained and the nasdaq rallied. the federal reserve has been leaking that we could get a quarter point rate hike and then a forceful statement that nothing will happen again unless we get concrete evidence that the u.s. job growth is accelerating. now the bulk of you who never played this rate hike, rate cut game probably think these attempts are pure silliness. i wish that could be the case. i wish i didn't have to talk about it. but it's anything but. it's very important. first let's understand the fundamental concept behind the bull market we had and why it has gotten tenuous of late. with bonds yielding so little there's a mad scramble for income where ever