into high-yield bond etfs. bank loans, anything with short duration and extended credit risk, that's what investors are buying in the bonds space. and in equity, they're buying, you know, s&p 500, russell 2000. we see significant inflows into japan, beginning inflowing into europe, maybe people betting on a recovery there, and also financials, which folks think will benefit from rising rates. so we do see aggressive inflows -- not across the spectrum. there are areas where there are outflows as well. but that's the play we're seeing now. >> so, matt, to make sure i'm following here, what you're saying one of the biggest winners from the fund flows period, regardless of what kind of asset is -- i'm sorry, regardless of what kind of index they're built off of, are etfs? >> absolutely. and that makes perfect sense right now. this is a macro driven market. this is a qe-driven market. it matters more than the fundamental of individual stocks what's going on in the broad economy. and etfs are the perfect play to make

etfs are designed only to track day-to-day changes. at the end of every day, they rebalance, and that means they're more of a play on volatility than any of the sectors they purportedly allow you to short or own. if they have no value for long-term investors, what's the point of having them? frankly, it's hard for me to avoid the conclusion that their main function is to allow the shorts to get around the margin rules and manipulate the market with massive selling firepower at once. this gets at a larger power with an s.e.c. that no longer seems interested in protecting you, protecting regular investors. i'll deal with that after the break, though. here's the bottom line, stocks are not cash, they don't act like cash, they can't be viewed as cash. remember, stocks go down for many reasons that have nothing to do with the underlying companies or profits, including hedge funds going wild and the massive selling firepower of the leveraged etfs of mass destruction. stay with cramer! >>> shark week may be ending but "chart week" is just fle

ishares incomes etfs. low cost and diversified. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal.

like the futures and the ultra etfs of mass destruction.that can cause the performance of stocks to become disconnected of the performance of the underlying companies much more commoditized. but there's one more risk you need to know about if you're going to invest in a dangerous chopping market or one that suddenly turns like that. it's that the life guard is off duty. and when you go swimming in this market, you better remember there's nobody out there making sure the water is safe. the s.e.c. which should be working to level the playing field in order to protect the little guy, they don't think it's their job anymore. at least that's my opinion. the regulators seem to favor, for instance, high-frequency traders, hft over the ordinary home gamer like you. these high-frequence guys now make about 80% of all trades. there you go, huh. this is the market you're really dealing with. we need -- we need an s.e.c. that protects the unsophisticated from these rapacious capitalists. instead we've got one captured by the exchanges and abets the mos

it's not an etf, it's a pff? > >that's the symbol. yes, bill. back a few years ago--- preferred stocks were kind of a quiet part of the market. a guy might call his broker and say, "i want to buy a preferred stock in a mjor bank." and it pays about 6% as a perpetual. good investment. especially good for a conservative investor.over the past couple years of course the rise of these etf's--- everyone going into these prepackaged, processed investments especially in the income area. and guess what has happened over the past three months? interest rates have steadily risen and investors are heavily, heavily as a herd selling these income shares and pressing the stocks of these preferred shares down to yields of 7%, which historically is really, really good. most fixed income over the last 100 years returns about that. so here we are in a panic situation where you can very easily get strong credits in bank preferred stocks that yield 7%. > >ok. that's because basically you're going against the herd right now. > >exactly. everyone promised themselves

if not coins, i like etf. if not etf then i bless the stock. >> don't miss a second of "mad money," follow @jimcramer on twitter. have a question? tweet cramer #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. ♪ [ male announcer ] you wait all year for summer. ♪ this summer was definitely worth the wait. ♪ summer's best event from cadillac. let summer try and pass you by. lease this all-new cadillac ats for around $299 per month or purchase for 0% apr for 60 months. come in now for the best offers of the model year. since aflac is helping with his expenses while he can't work, he can focus on his recovery. he doesn't have to worry so much about his mortgage, groceries, or even gas bills. kick! kick... feel it! feel it! feel it! nice work! ♪ you got it! you got it! yes! aflac's gonna help take care of his expenses. and us...we're gonna get him back in fighting shape. ♪ [ male announcer ] see what's happening behind the scenes at a

the etf has been flat. relatively good performance considering what is going on in the rest of the world. both these countries have forward price earnings ratios adjusted for growth of less than half of 50% that of the us wherever i one seems to want the us. brazil and russia still have tough times to go through. have a great afternoon. thank you. >> in syria, we are watching a story very closely. it was deeply concerned the attacks come on the one year anniversary of president obama's comments when he warned the regime of using chemical weapons. >> a red line for us is we start seeing a whole bunch of chemical weapons being utilized. >> nbc's richard engel is following this story from cairo. >> if that was the red line a year ago and that red line had been crossed when they used small amounts of chemical weapons, they are alleging that a more significant incident has happened. there was a ba rage of surface of surface missiles attacking ten villages and towns to the east and north of damascus. these attack

nucor, steel dynamics, the etf and most importantly timken.y with cramer. >>> it is time, it is time for the "lightning round" on cramer's "mad money." rapid fire calls. play until this sound and the "lightning round" is over. are you ready skee-daddy? time for the "lightning round" on cramer's "mad money." kevin in alabama. kevin? >> caller: jim. >> yo, yo. what's up? >> caller: greetings from the heart of dixie. good to talk to you, jim. >> same. >> caller: hey, i was wondering, krispy kreme has been on fire the last couple of years and i bought it, it's up about 220%. i'm wondering, is it a good time to think about maybe selling and taking the profit? >> well, obviously now you can take out the money -- i never tell people not to take out the house's money and play with the rest. you can do that, but you know when we had the company on, i said buy, buy, buy it and i'm not reversing my stance. chris in new york. chris? >> caller: boo-yah, mr. cramer. >> boo-yah. >> caller: from long island, new york. i wanted to get your opinion on microchip

if on coins, i like etf. if not etf then i bust the stock. >> don't miss a second of "mad money," follow @jimcramer on twitter. hash tag mad tweets. send jim an e-mail to cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. [ male announcer ] come to the lexus golden opportunity sales event and choose from one of five lexus hybrids that's right for you, including the lexus es and ct hybrids. ♪ this is the pursuit of perfection. time to have new experiences with a familiar keyboard. to update our status without opening an app. to have all our messages in one place. to browse... and share... faster than ever. ♪ it's time to do everything better than before. the new blackberry q10. it's time. a-a-a. f-f-f-f-f-f-f. lac-lac-lac. he's an actor who's known for his voice. but his accident took that away. thankfully, he's got aflac. they're gonna give him cash to help pay his bills so he can just focus on getting better. we're taking it one day at a time. one day at a time. [ male a

think of the double and triple levered etfs as well.d be a nightmare if they can't get it open. >> i think it's important to note, mike, you kind of touched on this, tyler, and we're not seeing any drops on this. it's not collapsing the market. we're not seeing any drops here. i think that's important to bring home to our viewers. they're saying, oh, my god, what's happening. what's happening is there is no stock trading on nasdaq-performing stocks, but what we're not seeing is some huge pain to come. at least not right now. >> as i look in the dow, the dow is actually higher, if i'm recalling correctly, at this hour up about 61 to 63 points than it was when we began the hour. let's go to bertha for some of the latest for what she is hearing. >> we're not hearing a whole lot that's new, tyler, and folks are just waiting to hear when that quote period, that five-minute quote period before the market reopens gets back up. essentially it is a wait and see situation. what's interesting here is if you start taking a look at the nasdaq, the n

steel dynamics, the etf and most importantly timken.y with cramer. we've been bringing people together. today, we'd like people to come together on something that concerns all of us. obesity. and as the nation's leading beverage company, we can play an important role. that includes continually providing more options. giving people easy ways to help make informed choices. and offering portion controlled versions of our most popular drinks. it also means working with our industry to voluntarily change what's offered in schools. but beating obesity will take continued action by all of us, based on one simple common sense fact... all calories count. and if you eat and drink more calories than you burn off, you'll gain weight. that goes for coca-cola, and everything else with calories. finding a solution will take all of us. but at coca-cola, we know when people come together, good things happen. to learn more, visit coke.com/comingtogether humans. even when we cross our "ts" and dot our "i's", we still run into problems. that's why liberty

when it comes to etfs, the key element of them is that they are exchange traded. comes to constructing exposure to frontier markets, there are greater challenges than traditional developed markets or emerging markets. look at the etf market in total, there is something like $2 trillion of assets globally and add to that $200 billion and from that, around $2 billion are linked to frontier markets. a very specialized and niche area. to get the exposure to frontier markets, you have to take into account a number of factors. for example, the markets themselves don't have as well developed capital markets as say even a regular emerging market or developed markets. the exchanges may be open for a few hours a day, may be restrictions in terms of foreign ownership of the underlying securities. what we have done at deutsche and wealth management is create some exchange traded funds which give you exposure to frontier markets like vietnam, like pakistan. but these products are very sort of niche in terms of exposure they provide. >> i want to ask you about pakistan, that's

etf building blocks for your personalized portfolio.out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> the quote period for nasdaq stocks begins in about 90 seconds. the nasdaq hopes to resume some stocks at 3:00 eastern. 40 minutes from now is when they hope to start trading. it's been frozen for nearly two hours. we've got more, and all you need to know on cnbc. another short break and we're back with that. the most free research reports, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing f

buy an etf?> i think it's really hard though, bill, because we have the next couple of weeks that are going to be challenging and volatile. but that's why i say, you can have your list ready, have a little extra cash on hand so you have some dry powder. i do think -- by the way, we didn't even talk about economic data points that came out this week in the u.s. that were actually mostly encouraging. the gdp we had consumer confidence, pmi. you don't want to ignore them again, make your list. a little cyclicals, a little defensives, find yield in the middle of that. >> payrolls next week. is that the last kink in the chain if we taper? >> no doubt, we're going to taper. >> even if it's bad payroll? >> the whole argument of data on fed was zero interest rate policy, nowhere near as much impact on the quantitative easing side of the equation. ben bernanke wants to leave office saying he completed the perfect landing. that's what ice going to do with the taper. >> we got good initial claim numbers, su

i think the etf rz the issue.reifeld didn't address that. >> simon is at the nasdaq this morning. give us a sense as to how things are fairing on this friday morning. simon? >> we've opened successfully seven minutes ago. the likelihood was that it was going to be a smooth open. precisely of course because yesterday it took them 30 minutes to work out what had gone wrong and then spent another two hours, three hours working with the rest of the industry to bring, they would say, the market back online successfully. you have that 35 minutes to trade yesterday. stocks and the etfs and funds to get price discovery. successful open here at the nasdaq. what's interesting is the very aggressive pushback you're getting from greifeld, the ceo of nasdaq saying he's actually very proud of the way in which his team bought the market back online yesterday. take a listen. >> we took the proper amount of time, right, to make sure that the testing was done, that the communication yesterday was so strong and we got that communica

etf building blocks for your personalized portfolio.out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. in a we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. >> selloff today what's the dow's next move. our next guests here to to tell us what we should be watching tomorrow. eric from the national capital management company and david see burg. gentlemen, good to see you. eric you're up first, 30 seconds on the clock. what are you watching tomorrow? >> we're going to

we've seen inflows into european etfs. i know we're waiting for a bottom in europe, but there's some money being committed here. i think that's the story. we see the effect of china, positive expos data on the overall group. materials are on the up side, and take a look at what it's doing with commodities countries, again all because of china. copper aluminum, zinc, nickel, terrible numbers for days and months now, and here's commodity country, sue. australia, brazil, these are all exchange-traded funds. you can buy them. they're all with the wind at their back as a result of the positive -- >> between 1% and 3%. >> good news on china, hopes of europe bottoming, and some better numbers on europe. i think it's shifting a bit of money around. >> ben, come on into the picture. tyler asked the question at the beginning of the hour. are you better off buys stocks, or do you try to catch that falling knife? you're with us. also hugh johnson will join us from albany as you know, hugh is basically the chairman of cio of hugh benso

but if he shorted, the etf that tracked the index, he'd be on the hook for unlimited losses if the indexe the time of the trade the russell etf has dropped 2%, but not enough to make this trade a winner as of yet. now everybody's asking the same question. >> doesn't anyone want to accomplish anything or do we just want to make money? >> well, that, and what will brian do next? okay. okay. in all fairness to brian, he has gotten the direction right. the problem is the iwm hasn't fallen enough to make this trade profitable. in fact, brian needs it to fall just below $96 by the end of september to make money. now, september is a ways away and the market's showing a little weakness right now, brian. what are you doing about this? >> it seems like the market wants to hang in there for at least the next week, so maybe there are other trades to mitigate the risk here. basically, i still see risk in small caps. they've had a huge performance. you look at valuation wise and compare to large caps the ratio of forward looking p/e small cap to large cap is on the high end. i would be looking to rota

it can be etfs. i like individual stocks. but you have to think about what they do.d market. that's why i do diversification. if everybody's end market has to do with finance, or everybody's end market has to do with technology, then you end up being hurt. so consider who the customer is, if you're unsure about whether they're diversified. the next tweet comes to us from pgallagher3115. "what's the best investment book you've read?" one up on wall street, "beat the street," peter lynch books, really terrific and i think they're great places to get started. let's go to one from @jehamilton. "how many hours do you sleep each night?" i tend to get between three or four hours of sleep each night, except for friday night and saturday night, where i get about twice that. i believe you actually save up the sleep. if you get a lot of sleep on saturday night, you don't need to get a lot on sunday or monday and i don't. another great tweet comes from @pelagic104, who writes, "boo-yah, jim. just finished your book "you got screwed." great book. it's just as relevant today as wh

etf building blocks for your personalized portfolio.large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome back to "around the world." a horrendous train crash in southern mexico where a cargo train headed north derailed. five people were killed. 17 more were injured. the train was carrying a load of scrap metal. it had 250 migrants from honduras. the accident happened around 3:00 in the morning in a remote area. >>> in california, a wildfire the size of chicago, if you can believe that, has scorched thousands of acres around the western edge of yosemite national park. firefighters are making some headway. it's still only about 7% cont n contained. the fire is burning so quickly that people in the area say they don't have much time to get out of the way. >> 15 minutes to be out of our house. we only got our

i did talk to etf traders about this. this is an interesting question about whether the etf should be halted. traders are telling me that rational for keeping them open is they would use the same issues that would happen if an international market was closed. you have price discovery from currencies. so i think the thinking right now is you ought to keep those etfs open for the moment and use other kinds of discovery methods for when they will possibly open. guys, back to you. >> bob, stay where you are. i just want to point out that i'm glad you mentioned the names and s&p because the fact is, 110 issues in the standard & poor's are nasdaq stocks. >> 22%, yeah. >> yeah. even though this is a nasdaq problem. that account for 3, 4, 5 trillion in market value. that's 23% bill of the s&p's market value. let's talk about this, joining us is jan, brian, ann, bertha, dominik. ann, what do you do as an investor? is this just a confidence blow or something else? >> i think it will affect confidence in the very short term. as you

might we have never been able to replicate your portfolio. >> the idea was the evil task force, the etfs were going to kidnap james bond and learn his portfolio secrets. >> stoctopussy is one of two movies winners in a contest. >> we had maybe 25 or more scripts submitted about the kind of films they would make to show awareness, and we narrowed it down to four, and then we narrowed it down to two. >> all across the world mutual fund managers are being kidnapped. >> reporter: they also have a firm foot planted in the film industry. they share production company the warren enscot group. and warren teaches at the arts. last june the pair challenged to create short films that the few actual fund industry could use to entice investors in their 20s, 30s, and 40s. >> we went to that generation. we went to young artistic directors and ask them how would you convey that message? >> there are a couple of goals. one of them is to give the students more access to money, to get them into more industries. and the other goal is to get the mutual fund and investment management industry to be more respo

people didn't use to substitute etfs for mutual funds back in the day. but now they do. so i think the holder is not the same. so i don't want to look at that as all aggressive trading money. a lot of etfs now are long-term positions. they're not what they used to be. >> all right. it's a great point, josh. we want to thank you and tom kyle and rick for joining us in the "closing bell" to kick things off at the top of the hour. >>> now breaking news on detroit's bankruptcy and the value of the city's art. robert frank joins us now with the details. hey, robert. >> reporter: kelly, big news, or possibly, for the detroit bankruptcy. the emergency manager kevyn orr has hired christie's to assess the collection of the art. the art is valued by many as well over $1 billion. orr says that while, quote, there is no specific plan to sell the assets, the move is taken at the request of creditors. he said, quote, the city must know the current value of all of its assets, including the city-owned collection at the dia, and orr's statement goes on to say there's never been, nor is t

ishares minimum volatility etfs. investments designed for a smoother ride. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> ll cool j. welcome back to "fast money." live from the nasdaq market fight. time for a street fight. gold bugs rejoiced a bit because it paid for its biggest monthly increase since january of last year and it's not just the metal. the gold miners have posted gains of 15 percent so is it time to take any profits you might have made and hit the road? it's time for a street fight. guy is our bull. mike khouw is our bear. 90 seconds on the clock. >> the great thing about fights is any time you're in the ring you have a puncher's chance. i'm buster douglas against mike tyson. gold is a bet against fee yat currencies and they end poorly. that's what we're seeing across the globe now. mike wi

money and hot money versus etf. etf's sell a market. active management picks where they like the position and they don't. i would juxtapose your india story with a korea, singapore, taiwan, even china where fundamentals are radically different. you can't look at the asset class as one. >> there are many segments and pieces to it. >> yes. >> that being said, if you had to deploy capital as you do every day with your team of people, where are you finding value and how are you finding that value? is it in the debt? is it in the companies in those countries? how are you doing it? >> we're very boring. we're fundamentalists at heart and we take a long-term investment horizon for where we see value. the revelation all of a sudden commodity exporters are under pressure. countries with current deficits will be pressured as rates rise and dollar strengthens. we've been positioned for that transition since last year. we favored northeast-northern asia. we favored countries that are commodity importers, countries with strong r

ishares incomes etfs. low cost and diversified.t why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. the world is changing faster than ever, creating new opportunities for those who stand ready to seize them. in a time when the biggest risk is playing it safe, we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, our flexible, collaborative approach helps forward-looking companies not only run better, but run different... to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because now more than ever, the future belongs to those who challenge the present. >>> welcome back. we're coming up on "street signs" at the top of this hour. th

take a look at the emb etf. the thing is down over 11% year-to-date.here's this monstrous divergence between emerging market fixed income performance and u.s. high yield performance for reasons that are understandable, but they're pretty well embedded in investor psychology by now. i think krur suppoyou're suppos buying some of that emb etf and increasing emerging market exposure, certainly not cutting it. if you don't have any, i would add. just to repeat what i said, we're in a world where people used to say, i don't care about volatility, i want income. now they're saying i don't care about income, i want volatility. you won't make money in these income vehicles until that psychology changes, which will require some of these signals to materialize like we talked about in the prior segment and also a basic shift in sentiment which isn't in evidence yet in the marketplace. >> it's interesting, you know, as we and certainly the market participants by the hour are keeping an eye on the situation over in syria and russia's role in all of that and our see

i will look at etfs.tfs every morning as a function what is going on in the futures market. nicole: right. >> many etfs are getting leaned on rather hard today. as in the futures market. i believe this is a temporary pullback that we'll test the highs. nicole: bob, of mizuho, we appreciate you coming on. we had the big guy, the president of your firm. he was a great guest as well. obviously talking a lot about investing in japan. thanks a lot, bob, we appreciate your insight. ashley: jpmorgan shares under pressure as the bank's legal woes are rising. "the new york times" is investigating whether the sec is investigating whether the jpmorgan gave jobs to children of chinese officials in order to win business. that plus other regulatory probes could force jpmorgan to absorb $6.8 billion in future legal losses. this in addition to the billions it already shelled out in the "london whale" probe and others, the payout put jpmorgan on track for a place, bank of america by the way is the financial firm with the

so if they're buying etfs, great. etfs, still buying one share at a time of the other companies when they make their changes. and, you know, my whole thing is, i've always said that a stock split's just a gimmick. it's just there's no excitement in the bull market whatsoever. we have lost a whole generation. and it might just be nice to see younger people be able to actually even buy more than one or two shares. >> and that lack of excitement, gene -- >> -- aren't going to drive up the market. >> -- i've known you long enough to know the lack of excitement is a good thing for the long-term prospects of the bull market, right? >> well, as they say, bill, never sell a dull market short, so if john believes it's a dull market, i would not be going short. i disagree. i do think there is a young generation of investors coming along here. and the fact that it is coming along moderately slowly, there isn't this great urgency to come off the sidelines and buy stocks just yet, has led for an orderly advance, still very attract

let's go to a tweet, what is better, buying diversified etf or mutual fund?one with that. no more. they're too dangerous. we like the xps. we just want you to have the market, the s&p 500 etf does everything you need. stick with cramer. >>> encyclopedia crameria strikes and you're better for >>> encyclopedia crameria strikes and you're better for it. i'm jim cramer and i will see you next time. >> tonight on the profit... i'm going inside la dogworks, and upscale dog boarding facility that is on the brink of going out of business. >> take a guess on how much you made. >> i have no idea. >> $78. [woof woof] while i like the product and i like the process, the biggest problem here is how its abusive owner andrew rosenthal handles his employees. >> email me the [bleep] schedule! just do it! >> i'm gonna try to improve the owner and employee relationship before it's too late. >> i don't have to ask him time and time and time and time again! he doesn't care! >> my name is marcus lemonis, and i fix failing businesses. i make tough decisions... i will not do it if y

well, xle is the energy etf.i'm looking at an individual play that i think has good rewards to risk at these level. slumber j which is in the information service side of the oil and gas business, that is trading around 175. it has made a nice and techinacal pattern, that's why we are doing chart talk here. we're seeing bull flag pattern it's trading between 85 and 80 here. a break above 83 could target a technical move up to $92. now when you say 92 how long would you give this to move that high? well i'm an options player so i want to buy enough to be right with the options so, i'm looking at some february options play. the february 70's call which is deep in the money. i would act like the stock. the stock had a breakout at 70 back in january, that was also the low back in april and june. so there is a significant price support ant 70 but, what i'm looking to do is buy back call for about 13 right now so the break evens a dollar away. most importantly i'm going to exit the position whether its a stock or the op

keep your eye on the etf market because the gld, the largest gold etf fell in its holdings to the lowest we've seen in three years on friday. the 1,300 level will be very key, tyler, not only for the gold future price but also what might happen in the etf market. back to you. >> thank you very much. >> sure. >> we should note apple just hit a four-month high, a stock making a comeback run in the next several weeks. don't know whether it was related to the patent dispute we were just talking about, up $16.47 and now it's time to analyze the analysts. are their calls right or wrong? and the guy to decide that is michael yoshikami. let's start with qualcomm, piper jaffrey downgrading that come from neutral to overrate on high-end smartphone demand. the shares are up 6% a year. agree or disagree? >> kiss agreement i think qualcomm is in the right space and qualcomm might be a little bit the next couple of quarters. call come is well positioned to make advantage of that wireless. >> you see that at 66 and change on the day. >> argus research upgrading dow chemical from buy to hold. they say,

i know you have your etf fund.is liquid etfs, you can get exposure through foreign emersion down to the country level, and be careful because they are smaller, but as long as you invest funds that are liquid, the ireland, greek, etfs perfectly acceptable. >> your favorites? ireland and greek etfs? >> combines evaluation and low momentum in trend. u.s. out performed everything; right? the best performing start markets in the world, but foreign started to catch up in the last month. they plateaued, foreign markets play catchup, and if that continues, i think there's huge opportunity for foreign to close the gap with strong returns. ireland is my favorite with cheap evaluations, but also good positive momentum and trends. >> great job. thank you for breaking that down. you talked about beautiful countries as well. thanks. >> thank you. >> economics on the menu at the white house with the president looking to replace ben bernanke, he's meeting with big ben and others for the update on dodd-frank em -- imp policemennati

mlpa, charles, is a global x, an etf company, a global x etf, they do production, exploration, refiningorage of natural resources like the oil and gas they are doing up in the dakotas because that business is booming, creating jobs, and there's, you know, tons of people moving in the area to work there. there's a lot of good spots to get money as far as exposure to the market, but an industry that's growing, not languishing like others out there. charles: guys, listen, tremendous advice, appreciate it, scott, sam, phil, you're the best. hope to see you soon. i'm back soon with my money making idea of the evening and the answer to the quiz today. do you know where this is? do you know why you should know? stay with us. ♪ charles: time for making money with charles. cirrus logic, crus crusher. look at that move today, reporting records are phenomenal, operating margins 24 to 15%. company makes semiconductor chips but without factories they have thousands of patents. other people make them. in audio space for your cell phone, and smart tablets and digital television, audio for your cars, t

let's go to a tweet, what is better, buying diversified etf or mutual fund? that. no more. they're too dangerous. we like the xps. we just want you to have the market, the s&p 500 etf does everything you need. stick with cramer. [ male announcer ] it's time. time to have new experiences with a familiar keyboard. to update our status without opening an app. to have all our messages in one place. to browse... and share... faster than ever. ♪ it's time to do everything better than before. the new blackberry q10. it's time. when we made our commitment to the gulf, bp had two big goals: help the gulf recover and learn from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. >>> encyclopedia crameria strike

that's the indian etf. make sure you use the 1295 as your stop because this is a high risk trade. >> that's exactly what people were doing yesterday, too. somebody bought 1.2 million shares of the epi. it might have been brian and they bought a bunch of puts. it's a big upside bet and the stock is up since then. >> let's hit today's top trending trades. voed da phone says it's in talks to sell 45 percent stake in verizon wireless. >> it moves up as does verizon on this news. the fact that they were up nearly three percent today, they could credit ben bernanke because this is all about cheap money. if they can borrow money. they're not borrowing at apple numbers of the nobody is going to borrow as cheaply as apple did but they're getting a cheap rate. they're smart to do it. >> chipotle getting chatter on twitter after double lines jeff gunlock said this. >> it reminds me a lot of where apple was a year ago. i don't think they're necessarily overbelieved but i definitely thinking it's overvalued. it's a basi

the s&p 500 etf does everything you need. stick with cramer. >>> "mad money" is quickly approaching our 2,000th show. why do i come here every night? to level the playing field. to fight for you. to remind you that the american dream is alive and well. that you have a fighting chance against the big guys. to celebrate our 2,000th show, i want to know why you, the citizens of cramerica watch. so i ask, why2k? why is mad money important to you. >> thanks for all you do for us little guys. >> i love mad money for the incredible ideas and insight jim offers. >> i love it. >> thanks for giving great advice. >> show me. send me a vine, make me a video, tweet it. sthair on facebook. use #mmwhy2k and we just might use it on the air. >> can i get a boo-yah! >>> stay connected to cramer on madmoney.cnbc.com. >>> encyclopedia cramerica strikes and you're better for it. there's always a bull market somewhere. i promise to find it right here for you on "mad money." i'm jim cramer and i will see you next time. get you to spend money you do

i have a retirement account where i own stocks and etfs and mutual funds. i'm not doing anything to that. this affects most, the very same guys who added to the volatility of markets. affects day traders, high frequency traders have thousands of trades they never execute. these guys are going crazy because 2% of all stocks that trade are on this tape c nasdaq oriented stocks not now trading. so these guys are going crazy. ashley: good point. tracy: lizzie mack is dying to jump in here, right, lizzie? talk to us basically the history of these glitches. >> that's right. it is really curious, by the way i'm hearing from traders on my blackberry, working the phones, they're concerned about putting in any orders at all when this thing reopens. if you don't have the right quotes you can't trade. goldman sachs mission takes on the options -- mistakes on options trade, that programing error could cost them hundreds of millions of dollars. that this is happening today, almost a year ago, knight capital had a whopping programing error where their algorithms were buyi

look at basket like itb etf. would be way to go. the a lot of time it is not company specific but geographical specific with regard to the housing market. liz: okay. ashley: what do you think is the biggest headwind facing the market short term? we have the budget battle looming. you have german elections if you want to push it out to september 22nd. we have the fed taper. what worries you the most? >> confluence whether or not the actual realization of a fed tapering does anything more significant than the rise in the 10-year rate north of 2.75. once you break through the 2.75 you have market structural issues. you have a whole series of relative value issues that come into play. investors should remember this stock market is not particularly cheap. even while sectors of the market have sole off whether it would be the last couple of days in the retail space or in the home building sectors, places that were very hot, one should be careful or cautious again, moving back to the retail sales numbers, looking at, whether or not the u.s

and etfs that trade here are down. i want to point out something about the etfs.tes. india is closed, but the etfs around these trade here. they trade largely on perceptions of how the stocks might be trading next day, so the perception here, even after they close in india, is stocks will be down the next day. a little bit -- people need to bear that in mind when you talk about the foreign etfs that are trading actively in the u.s. when the markets overseas are closed at the same time. juke also watch their currency. we've got the turkish lyra hitting fresh record lows. >> and those rumors yesterday of capital controls in india, i got a lot of e-mails about that. government officials denied they were going to incompetent statute capital controls but if you start restricting amounts of money that can be brought in or out of the country or the convertibility of the rupee that dollars or other currency. that's a very serious matter. >> a lot of questions about what the policy will be in india. >> right. >> thanks, bob. >>> speaking of things coming down, let's get a

stocks were higher etfs continued to trade. a lot of people are saying i'm just as confident as i was. >> i am in almost every stock but ndaq. to me that's the story. we've seen them have a major glitch before. we're talking about facebook. that was a disaster for them and then this happens and their response not good. if you are going to pick a day to have this kind of glitch an upmarket in august is probably one of the best days to do it. but to me i would be worried about them as a stock. as an investor none of my companies i felt really changed in value between lunch and 3:30 so i didn't feel i had to do anything. to me the story is nasdaq itself. >> i think karen makes a good point. it's very very important, i think, in this situation, to separate whether or not this is a technical glitch and there is a change in your investment value. there was no change in your corporate investment values today. nasdaq had a problem, it's a bad problem. i don't mean to belittle it by any chance but the safety of your money didn't change

an etf for the homebuilders is trading lower and is down over 9%.iz: that would be, of course, jpmorgan, wells fargo. thank you very much, peter. watch the ten year. we can actually put that back up so people can see. definitely watch the homebuilders. we are waiting on james bullard to start speaking. every time somebody inside the fed makes public comments, the market tends to move. we have now told you what to watch. at 1:30 p.m. eastern time, as soon as he made some comments, the excessive inflation risk continued in the dow hit and intraday low. let's get to the traders. he also said gdp has not been so hot for a couple quarters. not a huge newsflash. one at that tend to mean that tapering is further down the road. >> i just try to keep it simple. the information age, the fact that he had on the market was magnified because we are in the del jones of august. there is nothing else to talk about. when he first spoke, the market spiked to the upside. the market turned back down. it is inside the spectrum or the prism, if you will, of the trading t

. >> the retail guys are in etf. they are mostly in etfs. nothing happened with the etf. >> agreed, larry. we don't know the ramifications. we ask describe the "titanic" as having navigational problems. a lot of folks here in chicago, you know, on the night situation they are out of jobs due to those glitches. there are issues that need to be addressed and people should be aware of this. >> harvey pitt, let me come back to you. is our stock market system, harvey, too fractured? do we have too many exchanges which makes for too many electrical micro circuits and connectivity, if you'll excuse my whatever, i'm not a technological expert, but are we too fractured. do we have too many exchanges. is the whole system unworkable? >> well, i think there are two separate questions there, larry. first of all, i don't think the fact that we have competing marketplaces is necessarily a bad thing. but the big problem is the lack of connectivity in the marketplaces, and the fact that there's no redundancy planning on the part of the exchanges when things

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buying an outsized position in the etf that invests in the largest european equities. ubs and barclays, to me they are off to the races. >> all righty. abigail, you said earlier that one report does not a recovery make? >> correct, and i would be a bit cautious here. investors want to see follow through and when i look at daxx it looks as overheated as the u.s. equity markets. ben is talking about this correction everybody is expecting the technical side. weakness in the transports and industrials showing it may come. one bright spot for both europe and my mind, the energy sector. crude is above $100 per barrel, and i think that it's actually going to climb higher. if this is a fact it could flow right to the bottom line of the major oil companies so i really like totale, royal dutch shell and will even throw in bp there. i think you can see those stocks higher within two or three months. >> do you feel better given what people have been talking about the last two or three weeks? >> if our an investor looking long term you need those indications where there may be a bo