tonight cramer is opening the doors of goldman sachs. is there growth ahead or is it time to cash out all together? cramer is pitting the technicals against the fundamentals on a new edition of off the charts. and later, digital doctors? as medical records move towards the 21st century, how do you play the intersection of data and doctors. cramer examines this trend, just ahead. >> plus, gold mine? populations rising, energy demand increasing. the world is demanding more resources than ever, pushing development to the earth's extremes. cramer is revealing the company with the solution that could be a takeover candidate. all coming up on "mad money." >> don't miss a second of "mad money." follow @jimcramer on twitter. tweet cramer #madtweets. send jim and e-mail or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. boproductivity up, costs down, thtime to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems...

greg smith, author of the new book "why i left goldman sachs," joined us via skype to detail how goldman bankers went as far as calling clients "muppets," and his other thoughts about wall street. > > "i am a little surprised that the media is not actually asking goldman the hard questions: "are you riping off teachers' pension funds?" "are you selling charities products they don't understand?" and "are you betting against clients?" the answer to all those questions is yes, and unfortunately there has been an element of character assassination going on. > > other than what you wrote in the book about goldman sachs, what else did you want people to know? i know for one thing, this is a firm that is shrouded in secrecy. > > yes, and that's one of the reasons i wrote the book. goldman is a very mysterious place, so i wanted to, in a certain extent, pull back the curtain and show people how goldman and wall street make money - and not just the bad things, the good things and the bad things, because there's certainly a value of wall street to society. but i think if there was one or two messa

today, goldman broke out at $125.goldman crosses the $140 line than he thinks it can run up to the $170 line. goldman had a big rally over the summer. it was building a base. that base was for a spring work for it to go higher. goldman is above all of its key moving averages. it is above all of those. when you look at the volume, it seems people have been buying goldman aggressively since the beginning of december. they are taking it. and that provides fuel for stock to go higher. this is called the moving average. i called it the mac d. technicians use it to detect shifts ahead of the actual stock. it is tells goldman that he has a lot more room to run. the black line goes above the red line. we have one of these right at the beginning of september. and that is when goldman rallies over the next two weeks. this is why you can see it is encouraging that we got another cross over. i'm liable to start a fire. goldman gapped down. >> i don't really need this. and that was a significant gap, all right. but the stock is no

he basically made a goldman-sized bet at a firm that was only a sliver of goldman's size. >> the firm's stock is getting crushed yet again this morning, and mf's credit rating was cut to junk by moody's overnight. >> how can something like this be allowed to happen? how can n e individu completely shape the destiny of this firm and ultimately its demise? >> these two stories on this special ededion ontline. >> frontline is made possible by contributions to your pbs station from viewers like you. thank you. and by the corporation for public broadcasting. major funding is provided by the john d. and catherine t. macarthur foundation, committed to building a more just, verdant, and peaceful world. and by reva and david logan, committed to investigative journalism as the guardian of the public interest. additional funding is provided by the park foundation, dedicated to heightening public awareness of critical issues. and by tfrontline journalism fund, supporting investigative reporting and enterprprprprprpp >> martin smith: it's one of america's most dangerous jobs. >> people have no idea

john: what is goldman bent $10 million? >> alatas studies on this specificintervention says it works well for this 6318 population that is being treated as adults in the adult jail. john: you have volunteers in this did in vermont? >> good ideas with ths of what we're talking about i hope this comes out good but a good idea is spread because they want to start their own versson so volunteers in medicine say free clinics can help those without insurance as well as obamacare. now there are 92 free clinics. after 15 years. it is not a media. 100 years ago we had a lot of immigrants and settlement houses across the unted states. they copied each other it was not located through department of hhs but they raise their own money. this process can still go on. we can encourage it. >> now with a sophisticated website you can see where the money goes? >> you have better indicators. not just how the money is spent but the results. john: there are these rating agencies, better business varo, they just say 95 percent goes to the program

john: what is goldman bent $10 million? >> alatas studies on this specific intervention says it works well for this 6318 population that is being treated as adults in the adult jail. john: you have volunteers in this did in vermont? >> good ideas with this of what we're talking about i hope this comes out good but a gooddea is spread because they want to start their own versson so volunteers in medicine say free clinics can help those without insurance as well as obamacare. now there are 92 free clinics. after 15 years. it is not a media. 100 years ago we had a lot of immigrants and settlement houses across the united states. they copied each other it was not located through department of hhs but they raise their own money. this process can still go on. we can encourage it. >> now with a sophisticated website you can see where the money goes? >> you have better indicators. not just how the money is spent but the results. john: there are these rating agencies, better business varo, they just say 95 percent goes to the progra

sachs. >> so the next leader of goldman sachs apparently works at goldman sachs.game begin. but as far as when he'll retire, i it's anyone's guess. >> the business roundtable just releasing its latest survey. and ceos are pretty cautious about next year. joining us first on cnbc is john engler, the president of the business roundtable, to tell us what people are most concerned about. governor, good morning to you. >> good morning, carl. good to be with you. >> after seeing eiv this week. i'm almost afraid to ask. >> they're very similar to what they were last quarter. this is the first survey of the second decade of the brt ceo survey, and what we're saying is there's just no change. just kind of a status quo. it was the last quarter was the third biggest drop in about ten years that we'd had, and we stayed right there. not a lot of confidence and a whole lot of anticipation. a whole 80% of our membership signing a letter to the president and to congress saying, get this fiscal cliff done. rise above it, and get your work done, and then hopefully we can get some c

technically the setup here, either jpmorgan or goldman sachs. i think bang for your buck, goldman sachs. bank of america right now overbought. looks like it wants to come back in. >> guys? >> grasso, i think if -- to kind of give people an easy way to choose, if you think we're going to have -- meaning an up equity market, lots of issuance, maybe goldman is your pick. if you don't think that's the case jpmorgan is probably the better of the two. both of them look great technically. i agree with you. >> from a technical standpoint i agree with steve. he's spot on. goldman looks like if it can peek its head up above the near term trend line it goes higher. bank of america if you're in the name you need to take it off. way, way, way overbought. >> what are you smiling for? >> i like to smile. i enjoy smiling. it makes me feel good about the day, scott. i'm a happy guy. >> facial expressions are priceless. >> i looked at you. we shared some quick eye contact. i smiled. fundamentally -- >> should i leave? >> no. understoodmentally you have to look to

goldman taking it from a sell, all the way to a buy. talking about how their long-term secular concerns are basically now consensus, they point -- give themselves a pat on the back and say the stock is down 31% since they initiated that sell in december of 2010. that does it for us here on "squawk on the street." let's get back to scott wapner and the "fast money" halftime. ♪ >>> welcome to the halftime show. four hours to go until the close. here's where we stand on this monday on the street. it is a mixed bag. the dow is a fractional loser. nasdaq in positive territory. here's what we're following on halftime today. apple's mojo, the former ceo spg inside the most valuable company on earth and whether its momentum is off track. don't sell dell. a change of heart from goldman sachs as our traders are fired up. they'll debate whether the stock should be in your portfolio. but first our top story. the markets and the cliff. >> there's not going to be an agreement without rates going up. >> we're nowhere. period. >> i think we're going ov

goldman sachs lowers its goal forecast. is the move justified? we'll good to the pits to find out, when we come back. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. heartburn symptoms causedelieve by acid reflux disease. offering some of our best values of the year. osteoporosis-related bone fractures and low magnesium levels have been seen with nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stomach conditions may still exist. talk to your doctor about

you know goldman first of all goldman isn't as dangerous as chase because it's not a real commercial bank so. and then you know jamie dimon performance last year testifying before congress was just it was just awesome it was so condescending and and sneering and of noxious that that kind of edged him ahead for i don't know how do you feel about the well of course of that jamie diamond i think maybe taking the lead in the douche bag award so naturally he's leading the race to replace geithner as fed as the new treasury secretary but i want to do i focused on a couple of your recent stories as always we are digging deep into those stories and a couple of characters that stand out first of all this is a brian moynihan this c.e.o. of bank of america was putting on quite a performance when they were trying to dig into his acquisition of countrywide and rod that happened after that tell us about it back or america's essentially being sued by everybody in the world for crimes that they committed and also offenses that there are subsidiaries there acquisitions like countrywide and merrill ly

the big banks, the goldman sachs of the world were all internet government and the government itself is mandating the purchase of these credit defaults on its and other devices which ended up bringing down the economy. it's not procapitalist to support goldman sachs and the internment embrace of the department of the treasury. >> is supply-side economics is quick >> surprise side economics is true economics. i actually am quite excited to have mitt romney running for president because they & co. was one of the providers of the foundation of supply-side economics. they apply to business. they showed the most effective way for businesses to gain share -- market share to cut their prices. we will cut prices that their business market share because costs are out by about 20 to 30% with each doubling of total units that were sold. the cost in general, economies of scope and scale of learning is called a learning curve. this is really the foundation of supply-side economics. why when you cut taxes, which are just like a prize, you reduce costs across the economy and allow the united states

there is another company, maybe a goldman sachs or a large law firm, that advises on that glass. ee often talk about the interi information superhighway. i like to think of it more that a network is a car that is tugging along the highway side- by-side with other networks. there is definitely a layering going on. that is crucial to understanding the way that the networks and internet operate individually and on a global basis and interconnect and very specifically. >> is there any fear that messages or whatever is being carrying on those networks could get lost? such as you took the wrong offramp on highway question mar. >> certainly. and are encoded with an address. sometimes those end up in the wrong place. it is based on trust. the routing system is based on trust and the network saying, i am over here. here are the networks behind me that you can reach through me. that announcement is not prescribed and is not really regulated based on the competence and trust of a given network engineer. occasionally and this happened last week, a network all say, actually these networks tha

now goldman sachs makes products they know will fail with incentives to the oil. gold's work. the point piper of death sends america over the fiscal cliff. this is the truth. elite and. the only. me it is easy to be. deadly rivals for decades. if a good fifteen thousand people killing each other in any other country there would be still a. lot of. self-imposed out costs from society i will cut myself am i going to my brother understand my lawn mowing. going to leave. the call of my anger and my frustration. got. into the dome. two of the most violent gangs in u.s. history. as a stall model kill or be killed with the colors matching the national flag. that this country uses violence when it reaches and then it legitimizes the violence. made in america. the legacy no one should be proud. of scrap metal littering pristine arctic landscape building stilton over their foundation pipes being black smoke over the snow covered peaks the traces of the soviet industrial activity on the bergen archipelago don't make a pretty picture the guiding principle here is the worst the better that

now goldman sachs makes products they know will fail with incentives to boy. gold's work. the poit piper of death sends america over the fiscal cliff. this is the truth. will come to the country this month high tech means could help whether it be the latest laser cutters on lifesaving heart valves rushing innovators are working hard to keep you healthy person company it's been a winding road from car simulators to cutting edge training systems for others it's been a lifetime of work unlocking the mysteries of the cell check it all out on technology update we've got the future cover. news if she could laboratory to mccurry was able to build a new most sophisticated robot which all unfortunately doesn't give a darn about anything tim's mission to teach music creation why it should care about humans and we're going to this is why you should care only on the dot com. boom which brightened. the bounds. from fines to oppression. who screamed stunts on t.v. dot com. wealthy british style. markets why not. find out what's really happening to the global economy with max kaiser for

duff goldman! >> behind is a giant shish kebob. we do big, crazy, wild ones, wedding cakes, big, fun bar mitzvah cakes. >> wow. now that my mind is blown, it is time to start planning my cake. there's no better place to start than with duff's arsenal of decorations. >> sprinkles, pearls, giant jujubes, snowflakes. >> it's like you're going mall shopping. maybe i want pearls, maybe i want glitter. >> we have a chocolate with vanilla buttercream, a red toffee, which is awesome, a red velvet. >> i want that one. >> let's go decorate. so this is the airbrush room. >> this is crazy. i feel like we're going to do some scary work here. >> we are. we are. all you want to do is press all the way down, just like that. you're a natural. >> this is fun. you're hired. i did it. >> i'm impressed. now we have a nice super pink cake. >> i like it. looking good already. >> it's already girly. pick a color you want to go with. >> purple. >> purple. i like it. you're going to hold it at an angle. squeeze it from back like toothpaste. bubble and pull,

now goldman sachs makes products they know will fail with incentives to doit yet. gold's work. the poit piper of death sends america over the fiscal cliff. this is the truth. if you. move into. something. lawyers beneath. thousands of meters of costs and drop. the law. that is a move for many. but dangerous even to those who keep it at a distance. hold it. hold it. i. could speak. i wish i. could. just see. a. little. secret laboratory was able to build the world's most sophisticated robot which fortunately doesn't give a darn about anything tim's mission to teach me the creation why it should care about humans. this is why you should care only. which brighton. moved from plans to freshen. down totty dot com. in japan the average height for men is one hundred eighty two centimeters on ten centimeters shorter because of that some employers refused to hire me one of them even told me directly that i was too short to deal with the client's computers already spent three months in this hospital and plans to stay for another four to add the coveted seven santa majors to his stature i

now goldman sachs makes products they know will fail with incentives to beloit. gold's work. the poit piper of death sends america over the fiscal cliff. this is the truth. movement. deadly rivals the decades. if you had fifteen thousand people killing each other in any other country there would be diplomats there would be mediators. self-imposed out costs from society i will contact myself chemical attack my brother understand my contact my immediate i'm going to leave basically attack the call of my anger and my frustration the. judge well into the dome. two of the most violent gangs in us history. is just all model kill or be killed with colors matching the national flag. but this country uses violence when it reaches its and then it legitimizes the violence they are made in america on the ati. please. please speak your language. programs and documentaries in arabic it's all here on the t.v. reporting from the world's hot spots fifty ip interviews intriguing story i used to . live in trying. to find out more visit arabic t.v. dogs called.

the hedge fund manager and goldman sachs can make a lot of money on effectively death. and we've gone away we endure it as some of the dream was actually our bets on people dying so-called death settlements peasant insurance this was in the michael moore movie you know where employers are going to win and if their employees die early here the boeing co crissy of america . brings the industry full circle jesus drove the money. because in the inferno inhabit the seventh in a ring of hell is the oil and things. now goldman sachs makes products they know will fail with incentives to doit yet. gold's work. the poit piper of death sends america over the fiscal cliff. this is the truth. movement. deadly rivals the decades. if you had fifteen thousand people killing each other in any other country there would be diplomats there would be mediators. self-imposed out costs from society i will cut myself chemical attack my brother understand my contact immediately i'm going to leave basically attack the cause of my anger and my frustration. got. well into the dome. two of the most

to give their opinions on how to fix the debt we've heard the you know from goldman sachs c.e.o. lloyd bank blankfein about his suggestions for raising the retirement age for social security and medicare we've also heard from atmos c.e.o. mark hurd a leni who also argued for raising the retirement age and means testing social security medicare benefits essentially turning those programs in a welfare programs in fact seventy one c.e.o.'s have joined together as part of a so-called fix the debt coalition to call for cuts to social safety net programs instead of higher taxes on rich people like themselves and as the institute for policy studies discovered there's a good reason why these c.e.o.'s want to target social safety nets like social security and good reason is they don't need them they're all sitting on massive retirement assets averaging over nine million dollars each by bank blankfein himself has nearly twelve million dollars in retirement assets it's easy to call

reactions which have surprised me in a positive way so there was one guy who i quote in my book of goldman sachs executives and he sent me an e-mail and it said plutocrats in the subject line and i was i don't know if you ever get those emails that you're scared to open so i was kind of scared to open it but i did and he said actually that he found my book really interesting it had changed his perspective on things and he concluded by saying it made him want to move to sweden so i guess if the impact of my book can be to make goldman sachs partners feel like sweden has some things to recommend itself i'll be pleased that that sort of introspection though is probably rare i mean just in general it's where the but particularly in these circles it seems f. scott fitzgerald famously said you quote him in your book you know the. public paraphrasing a badly but the very rich are different from you and me from the rest of us. so he did say that and what's kind of interesting is the difference is not the one that fitzgerald identified in the rest of that quote he goes on to say essentially i'm par

three names goldman loves.olley frontier, western refining and north core tech. >> i didn't know people still used pens silts, by the way. >> schlembroge. >> 4.5%. fourth quarter weeker than expected. less drilling activity than before. impact on profit estimated to be about 5 and 7 cents. i don't know if this is a case for schlumberger. a lot of these companies big in drilling are saying they're having problems in north america finding people and moving rigs fast enough to where they need to go in north dakota. don't know if that's the issue here. we've seen it before. if you're buying stocks on fracking and gas booms, be careful. make sure they have the people and fire power. >> the huge problem is the results of space. commodities are booming. you cannot find the people. >> 150 grand for a welder in the outback in australia. >> truck drivers. actually, i think there was a program to make it easier to get visa's for american people to come to america. anyway, wynn, ubs is cutting this from neutral to a buy. >

i'm john goldman of goldman architects. i spoke to you two weeks ago. we are the architects of the 343 50 11th street project which is now painted purple and is therefore very obvious on the street. to reiterate what cory was saying, we have an active permit submittal that was put in in 2005. because of the western soma planning process and the e-i-r process for the western soma which started actually after we submitted, we were told by planning that our project could not proceed unless my client paid for their own e-i-r, which would be about $150,000. we were also told if they waited, there would be an e-i-r for the whole western soma and they could get a community exemption, which would not be too expensive. so, they've been diligently waiting and i've been diligently and patiently noting the ongoing process of the western soma plan and no point in the last seven years has the block of 11th between harrison and folsom been anything other than wmug which would allow our project to proceed. now, seven years later about a month before approval options ha

getting the strong upgrade over at goldman sachs. netflix up 4%.ou. >>> fiscal cliff looming of course. corporate boards at the world's largest pensions and sovereign wealth funds have very hard decisions to make about risk and asset allocation. how do you generate returns and manage volatility in this kind of environment where there's so much you can't control? global head of institutional clients with jpmorgan asset management, welcome. i'm going to ask something that may be counter intuitive to a lot of people. maybe not to you. it seems to me your clients, institutions, pensions, endowments, are tax exempt. they don't have to worry quite as much it would seem to me about avoiding dividend taxes or capital gains taxes as ordinary individuals. am i right about that or wrong? >> yes and no. the point being if the fiscal cliff you look at china, eurozone, it is all coming together to create an environment of total uncertainty for a lot of the biggest investors in the world. pension funds in the u.s. are trying to manage the volatility of the fundin

we begin this evening with a look at the fiscal cliff crises and a conversation with julianna goldman of bloomberg news who did the first interview with president obama since the election. >> he seem a little tired. he seem a little frustrated at the pace of how these negotiations are going but he also came across as a cool call no drama obama that we've come to know from him as a candidate and as president. and he really was very firm. we kept trying to push him on this tax issue, and he looks like he has learned the lesson from various debt negotiations, gej talks and the negotiations of 2011 and he's not giving an inch for the top tax earners expiring this year. >> rose: we conclude this evening with a conversation with stuart stevens former chief strategist and advisor to governor mitt romney and the romney campaign. >> working for governor romney was an extraordinary privilege. and it really was an arne. and i think that he was in this race for the right reasons. he was in it out of a sense of what he could do for the country. to be a small part of that was a great privilege. but

goldman upgrading the stock all the way to a buy from a sell.performers not only on the s&p 500, but also on the nasdaq 100. so dell certainly a winner today. >> and, lauren, we saw you wearing your uggs on the trading floor, deckers outdoor the maker of those boots, it's getting a nice pop. >> up more than 9%. the folks over at stern ag upping the stock to a buy but also saying the season of the ugg is going to be august of

goldman's book is 80 or 90% mark to market. bank of america is 15% mark to market. if you talk to only investment banks and you come up with something you want to buy assets below -- that doesn't work for commercial banks. i think there's more flexibility. we have time for one question left and gentleman over here. >> thank you. georgetown university. my question -- [inaudible] a lot of investors rely on the rich agencies ratings. -- [inaudible] they were being built backwards. looking at what they should put in order to get that particular -- [inaudible] i have clients with the particular rating. in other words the bankings are able to recruit for a bright people but also -- [inaudible] in order -- much more than what can happen at the agencies. but exactly how the ratings work and know exactly what they need do do in terms of the ratings. and -- [inaudible] simply they want to expect as much -- [inaudible] that's what the job is. how do you look at this and in

there is absolutely no bad blood as far as goldman sachs is concerned. we really goldman sachs. actually, this is the company that gave me the initial training, as early as 1997 when i started as a financial investor and i'm very grateful to them for what they did. and i have a good friend in peter sutherland. every company has a certain procedure. business ves their rules. what happened isn't some kind of tragedy and we'll definitely continue to work with goldman sachs. >> my follow-up question is, you don't feel any personal animosity towards lloyd blankfein, as far as you're concerned, then, this was just a question of timing? >> translator: well, i believe that one must not have such a feeling as animosity. it's a bad feeling. certainly not toward the great financier banker lloyd blankfein. as i said and i'm sure i'll say again, i'm sure we will continue working with him. >> usmanov has been dogged by rumors surround iing investment around organized crime. he was asked why it's difficult to shake off these rumors. >> it's a difficult question for me because people seem to th

lloyd blankfein of goldman sachs on the call, trying to confirm other members of the call.uickly, but not much progress. david: if there had been any kind of conclusion or any kind of agreement between republicans and democrats as we're looking at pictures -- that was nancy pelosi moments ago, if there was an agreement, there probably would have been an announcement, come out to the gaggle of reporters saying they are happy, and there was none of that announcing going on today; correct? >> exactly. there was none of that. if nay reached an agreement, it would have been announced here or at least by the president or there's an announcement by the president. it could be a good sign that they are not talking because maybe they did find some progress they don't want to discuss with the media or mess it up so they are just leaving. you know, you consider how this meeting started, there would have had to have come a very long way in a decent -- a decent amount of negotiations would have had to have happened there that have not happenedded over the past couple months, and, really,

on -- i can show you goldman sachs. it is down about .5%.nother dow component that i will show you includes mcdonald's. it is right over here. it is down a full percentage point. we are seeing some down arrows. the vix, the fear index, has been to the downside. people continue to worry about the fiscal cliff. back to you. dennis: thank you. dagen: mitt romney did not want to run for president. at least, that is what his son is saying. he said he had no desire to run for office. it was his wife along with his sons to push him. dennis: let's bring in doug shoen. >> i don't think it could be farther from the truth. the physical and emotional stress of the process. they do not go through that if they do not want to be president. dagen: maybe what was wrong, what people sensed about mitt romney when he was on the campaign trail, that there was a lack of passion there. >> there was no unwillingness to take whatever position he thought would suit his purposes in the campaign and, you never heard rodney say this is what i really need, you know, need