welcome to cramerica. i'm not here to make friends. i'm just here to try to help you make some money. my job is not to entertain, but to teach you. call me. there is a gaping hole in the american education system, although i hesitate to it call it a system. whether you go to high school, they teach you chemistry, gee o tri and physics. you can graduate from college speaking three languages with a deep understanding of quantum physics or ancient philosophy. but you know the one thing they almost never teach you in middle school or high school, say nothing of college, financial literacy. >>> and i'm not talking about economics here. you could be an econ major and still know nothing about financial planning or retirement readiness, let alone investment. money is just not talked about. frankly, it's become the third rail of american education. you're a thousand times more likely to read marx than anything about planning a budget or certainly picking stocks. that's why i'm on a constant mission to teach you how to manage your money, which i

welcome to "mad money" welcome to cramerica. my job is not just to entertain you, but to educate you and teach you, so call me. from the stock market's perspective, the selections become mega versus maga. wall street's trying to make up its mind about what it means for biden to drop out with harris almost certainly becoming the democratic nominee. i think the race will shake out with a nominee who's happy to work with megacap tech then the candidate of maga, doesn't necessarily translate into support. dow advanced 128 points. nasdaq, tech heavy nasdaq, that went up 1.58%. pretty much exactly as it should be in a mega versus maga stock world. a lot of people seem very confused by the juxtaposition of harris and biden, just as they do by trump and vance. i am not confused. at least not when it comes to the stock market. tr t they're basing it on the 1800s pop list party. one aimed at curtailing the power of the money men on wall street. still with the trump vance ticket, this cere can be no dou. old free market republicans have be

welcome to cramerica. hallelujah! other people make friends, i'm just trying to make you a little money. my job is not just to entertain, but to educate and teach. call me 1-800-743-cnbc. tweet me @jimcramer. have i some tough news for everyone who is soyfk a market that is led by a handful of tech stocks. you're wrong. [ buzzer ] look at the stock of eli lilly that was up nicely today on news of an acquisition. they're buying a biotech company to expand into the inflammatory bowel disease space on a day the dow dipped, i think it's worth pointing out that there is no rule that says only the tech titans can lead us higher. sure, apple and amazon and alphabet and meta and same old same old are on the move. and yes, we can say it's ridiculous that they keep climbing. some people can cling to the idea. but i say wait a second, cowboy. where does it say that this club is restricted? where does it say nobody can join in except companies loaded with tech? perhaps we should stop wasting our time worrying how the gains are cl

welcome to cramerica. other people want to make friends. i'm just trying to make you a little money. my job is not just to educate but to teach. call me at 1-800-743-cnbc. of course tweet me @jimcramer. cnbc will be bringing you live coverage of president biden's press conference at 6:30. but first, what do you do when the house of pleasure -- >> house of pleasure. >> -- because the house -- >> the house of pain. >> what do you do when the house of pain -- >> the house of pain. >> -- changes to a much better address moving right next door to the bull statue on wall street? that's exactly what happened today in this stock market. when investors abandoned tech. and when i say abandoned i mean people fled from the group like rats from a sinking ship. it was titanic. they took their money and went all in on the small and medium size companies, we would call the russell 2000 because we got a much softer than expected consumer price index a number that shows inflation is effectively beaten and interest rates are coming down. and that changes the

welcome to cramerica. how you doing, my friends? i am just trying to make a little money, my job.so call me at 1-800-743-cnbc or tweet me @jimcramer. when i was growing up and i would laugh, we always heard wimpy, the cartoon associated with that bold cartoon character tuesday for a hamburger today. how desperate was wimpy that he did not have the money for a hamburger. now, all of a sudden, we have millions of wimpys in our country . we spoke to fed chair jerome powell about how he need to cut rates. he threw gasoline. the s&p jumping 1.98% but the nasdaq 2.64%. on the way to rate cutting, this is the quarter where we discovered that we have a lot of people who do not have the money for a hamburger in this country. it is a quarter where we learned that too many things are way too expensive. and interest rate costs, they are too onerous. you see, the fed knows that although job growth is moderate, inflation still has not been tamed. but powell has to pivot. he cannot allow consumers to be priced out of places like mcdonald's. yes. y

welcome to cramerica. friends, i am just trying to make a little money. call me at 1-800-743-cnbc or tweet me at jim cramer. the stock market is not always a friendly place. it can be painful. it can be just downright difficult. there are tons of big picture problems that can derail any rally. problems we do not have any idea about until they had a smack in the face. that is why i am so adamant about trying to make you a better investor. i want to teach the tricks of the trade so when the market gets negative, which it always does, so when it becomes hot, you will know what to do. i tell you about this constantly when you join the cnbc investing club. patterns that have worked for me and what hasn't. i have put together a set of rules, rules designed to protect you from the worst mistakes you can make in both good markets and bad. rules that now make up the investing club guidebook. and i am sharing that with you. as much as i might seem like an unhinged lunatic, maybe not as much as before, the truth is i am all about discipline. you are going to make mi

welcome to cramerica. i am just trying to make a little money. a lot of teaching tonight. so call me at one 807 43 cnbc. tough cases do not last forever. but we need to know how to respond. we need a game plan ready so we can figure out what kind of selloff we are dealing with and reacting appropriately because the early days of decline are never easy to navigate. you need all the help you can get it. to borrow a line from oldest like, "all happy rallies are alike. he selloff is unhappy in its own way." it is true. bull market is higher and everyone thinks their g is participating because it seems so darn easy. we see it every time. big declines are much harder. they can be the start of a bear market or maybe something worse or maybe just a viable glitch. that is why tonight we are turning to history to illustrate some of the common quality to selloffs so you know the market in a moment of weakness. now there have only been two truly horrifying selloff since i started investing four decades ago. 1987. 2007-2009. that was a financial crisis. even the covid when they lost 35

welcome to cramerica. other people want to make friends. i'm just trying to make you a little money. my job is not just to entertain about educate and teach you. call me at 1-800-743-cnbc. tweet me @jim cramer. this market might actually be at a fulcrum here. lately we've seen relentless selling in the large cap technology stocks that had

welcome to cramerica. my job is not just to entertain, but put it all on entertainment. so call me or tweet me. the trillion dollar stock club is hard to join. we've got apple, microsoft, nvidia, amazon, meta, they are doing unbelievably well. sure one of these companies could slip back, but right now i'm actually focused on who could be the next to trade above a trillion dollars. now it is an amazing day for the bulls with the dow gaining 39 points. s&p climbed 1.9%. huge moves with the s&p taking out the 5,600 level. i think it's worth going over the contenders that companies closest to joining the trillion dollar club. because for the most part, these are not, not traditional technology place. and of course, it's not just the companies themselves that are driving things. we have a benign backdrop going on here. this time in front of the house, once again, sounded dubbish. meaning we're likely going to get some rate cuts and they fuel rallies. however, earning season ises starts tomorrow. so we will soon be back in real world mood where evaluations will respond to the

welcome to cramerica. i'm not here to make friends.entertain, but to teach you. call me. there is a gaping hole in the american education system, although i hesitate to it call

welcome to cramerica. call me at -- or tweet me @jimcramer. i always hear people talk about what's working at the moment and in the old days, when the great -- will do mornings around here, i but each time i cohosted, he would introduce me as reverend jim bob from the church of what's happening now. it was fun back then. it seemed like everyone was running their own personal hedge fund. there was an understanding that a stock could be here today and gone tomorrow and everyone was fine. everyone was fine with it. those days are over though. if you recommend a stock for trade, even if you say purchase it today for the analyst meeting tomorrow and then you sell, there will always be video, youtube, kicking around, shows you like this stock but never gave the call. so we've gone beyond that. we are all about educating you to be a better investor. the same thing we do every day at a higher, intense level at the cnbc investing club that i want you to join. tonight, i want to introduce you to the concept that is so important and it's called suitabili

welcome to cramerica. other people make friends. i'm just trying to make a little money. my job is not just to entertain, to educate, but to teach you, put it all in context. so call me at 1-800-743-cnbc newsom or tweet me @jimcramer. eight years ago in a moment gripped by political fever, i put a button on my soundboard that said trump stop, trump stop. after this weekend's events, looks like i have to bring it back. the extraordinary moves we saw in so many stocks today, where the nasdaq gained 0.4%. i'm not calling the election here. that's not my department. i'm hesitant to spell out winners and losers until we get closer to the main event. but you're sticking your head in the sand if you think nothing has changed after the failed assassination attempt. the events in butler, pennsylvania, which are truly tragic seem to have the world believing that those frightening moments have indeed cut in favor of a trump win, and he was already leading in the polls. since the trump stock's almost self-evident at this point, let's look at what the rally did today. let's see if the

welcome to cramerica. other people make friends. i'm just trying to make a little money. to teach you, put it all in context. so call me at 1-800-743-cnbc newsom or tweet me @jimcramer. eight years ago in a moment gripped by political fever, i put a button

welcome to cramerica. other people make friends. i'm just trying to help you make some money. my job is not just to entertain, but to educate and teach. call me, 1-800-743-cnbc, tweet me @jimcramer. this market is not experiencing a small cap rally. it's experiencing a rally in everything else but the tech titans. mega caps have become what we called shared donors for every other stock in the market. it's not a rotation at all. it's the great broadening, and we have to embrace it as bullish, not bearish. [ buzzer ] except for the big cap techs that report this week that are stalling out daily and run into selling every day at the close. so on a day when the dow ended up 4.5 points and the nasdaq rose 7.8%, i say we celebrate the market. i want to put examples in your face so you know we aren't being led solely by a bunch of small cap companies. small cap companies are really bad stocks and bad companies. and the stocks are only being bought as part of a larger basket, like the russell 2000, the s&p or even the s&p mid cap 400, which it represents the most undervalued part of t

welcome to cramerica. hallelujah!g to make you a little money. my job is not just to entertain, but to educate and teach. call me 1-800-743-cnbc. tweet me @jimcramer. have i some tough news for everyone who is soyfk

welcome to cramerica other people want to make friends. i'm just trying to make you money. my job not just to entertain but educate and teach you. call me at 1-800-743-cnbc. or tweet me @jimcramer sometimes it feels like it's harder to own winners than losers if you have winners you know what what can i say until today i thought that the winners were going to stay higher that's my conclusion about a day where the dow tumbled 533 points, s&p lost .78% and the nasdaq declined .70% the companies that have the best fundamentals getting handled once again i did not expect that to happen today. the difficulty is with owning winners. the reason i urge you to take some profits and gains when you have them. is that you get weeks like this one where the old winners get obliterated and if you own too many of them you might want to give up on the whole asset class. so tonight i want to explain to you why you need to understand the bear cases for the stocks that you own for the most beloved stocks. otherwise you'll never know what you're up against. this year the winners had been the ma

welcome to cramerica. other people want to make friends.ing to make you a little money. my job is not just to educate but to teach. call me at 1-800-743-cnbc. of course tweet me @jimcramer. cnbc will be bringing you live coverage of president biden's press conf

welcome to cramerica. my job is not just to entertain, but put it all on entertainment.tweet me. the trillion dollar stock club is hard to join. we've got pl

welcome to cramerica other people want to make friends. i'm just trying to make you money. to entertain but educate and teach you. call me at 1-800-743-cnbc. or tweet me @jimcramer sometimes it feels like it's harder to own winners than

welcome to cramerica. how you doing, my friends?, my job.so call me at 1-800-743-cnbc or tweet me @jimcramer. when i was growing up and i would laugh,

welcome to cramerica. friends, i am just trying to make a little money.amer. the stock market is not always a

welcome to cramerica. call me at -- or tweet me

welcome to "mad money" welcome to cramerica.is not just to entertain you, but to educate you and teach you, so call me. from the stock market's perspective, the selections become mega versus maga. wall street's tr

welcome to cramerica. i am just trying to make a little money. a lot of teaching tonight. not

welcome to cramerica. other people make friends. i'm just trying to help you make some money.ust to entertain, but to educate and teach. call me, 1-800-743-cnbc, tweet me @jimcramer. this market is not experiencing a small cap rally.

welcome to cramerica. other people want to make friends. i'm just trying to make you a little money. my job is not just to entertain about educate and teach you. call me at 1-800-743-cnbc. tweet me @jim cramer. this market might actually be at a fulcrum here. lately we've seen relentless selling in the large cap technology stocks that had previously led us higher for years, combined with a tremendous infusion of cash into the small cap largely domestic companies. this rotation's been agonizing for anyone -- >> buy buy -- >> sell sell sell! >> -- who stuck with the long-standing winners including today but it's anyone nah for the worst performing stocks the stocks buried in the russell 2000, the s&p small cap 600 index. today after a vicious crescendo selling in the morning we saw the large cap techs actually trying to rebound from the woes and it boosted the entire market. even if we gave up much of those gains in the afternoon. dow was able to finish the day up 81 points. s&p dipped .51%. and the nasdaq filled with software, internet and s