whatever money i had automatically went to the fa dealt magellan mutual fund run by peter lynch, theest investor of his day. like my dad, i was determined to try to augment that mutual 23fud and my paycheck buying individual stocks for personal account. i was going to do it the right way, researching the stocks, not through the brother, through the broker, all that stuff where was i going to get that edge why not read all the periodicals covering stocks. i started a magazine called american lawyer devoted to the trade of professional law. because of the esthetic sister who let me crash in her village for the bit, i was able to save some money in fact, i saved more than $200 beyond my contribution s to my ira and decided to use that definition of "mad money" to buy the stock of american agrinomics this orange grower was doing incredibly well and i would be on the ground floor if i bought it i picked up ten shares of this $9 stoke ten shares i was in on the ground floor all right. you know what ground floor i was in on? i was in on the cheaply knoll yum ground floor that i ended up sip

i want you to go to amazon and hit up the name peter lynch. okay look at one up on wall street. the book i cut my teeth on it's the book you can cut your teeth on all right. well, that's all our tweets. so stick with cramer >>> i like to say there is always a bull market somewhere and promise to find it for you here on "mad money." i'm jim cramer see you neck time. narrator: in this episode of "american greed"... vitaly borker rules an $18 million eyewear empire hawking fake luxury designs online. there is no crime that i've ever come across where you can make this much money and face such little risk. everybody wants something designer, something name brand for cheap. he had ray-ban, prada, gucci, chanel. narrator: customers think they're scoring high-end bargains. instead, they're getting hustled with bogus brands and violent threats when they dare to question vitaly borker. he just went nuts -- started yelling at me, started cursing at me.

so if you own a pet, you probably know this company quite well there's that peter lynch effect too.ike it's up so much, i don't want to chase it >> anastasia, any thoughts about ipo froth, josh alluded to, you know, the pets.com of the world, the last time we had -- >> there's no sock puppet here so that's good >> i think the ipo market is definitely supported by the macroenvironment which is now okay but what you see is the outperformance in the secular stories, talk about the beyond meat ipo, earlier that month, we were talking about the pork supply disruption in china and as we were having this conversation, you realize that the demand is moving from the pork or the meat protein to nonmeat alternatives so it's not surprising that some of those secular stories have performed very well. i think software is another place to look for potential success of software ipos or maybe acquisitions because if you think about the biggest trend out there today, it's data and the growth in data and all the software companies that are helping you manage it and make sense of it and so forth >> do

the meantime, he sees pockets of opportunities for investors john lynch, chief investment strategist at lpl financial. guest host peternbc contributor. the question, john, i guess people could have essentially gone to cash in january of 2018, you decided in march at this point, on a scale of 1 to 10, how fully invested are you? at a 5, 2, 6 >> good morning, joe good morning, petter, hope you both are well. we went to market weight on our balanced accounts late march after the fed meeting. call it 60% equity. a little concerned in late march, you may remember, that it was kind of buy the rumor, sell the news going na the fed meeting. market sold off. that thursday we're up 1.5, 2%, i don't like a market giddy over free money we decided to pull back a little bit. may have been a month too early given the strength we saw in april. yet again the may performance justified our actions. >> i know how you operate. you need to be in the stock market obviously 5% is reflective of your concern about the trade war. not like you sold everything at this point, have you seen evidence in the numbers that this is -- that the tariffs a

from have more with ralf merrill lynch and peter from rbc. g up, we speak to k atcer of the norges ban 10:30 london time. this is bloomberg. ♪ nejra: this is "bloomberg: surveillance." ralf from merrill lynch and peter from rbc. lots of central bank decisions happening today. but let's just talk about the dollar. a third day of declines, is that going to continue? ralf: generally speaking, we do in vision a weaker dollar for the rest of the year. the argument is quite simple. we are seeing the return of the hiking cycle and are going back from divergence towards convergence. broadly,ion is, more to what extent will other central banks try to fight against that? i would argue that the synchronized a dovish tilt is probably in part due to the fear of being out-don't -- out-doved by the fed. at least until now, the demand for dollar assets has been so strong that we have not seen the currency weakness we have been expecting prior to today. nejra: exactly. so does that not put a floor under the dollar about other central banks wanting to be out -d