your traders, tim seymour, brian kelly, and guy adomi. tonight, karl icon says the market is a keg of dynamite, and bank of america agrees. what one high yield analyst is saying the credit market is about to do and why the panic may get worse. from fang to dang. one of wall street's biggest bulls say big flying high cap stocks are about to get bit. but they have rattled and we're going to find out why. later on, are you worried about more volatility than we already have. we have a group of stocks that could be your ultimate shelter trade. it is big show ahead, everybody. we start to the market. the down closing down 310 points. that puts it down more than 3% just this week. that is one of the worst weeks for the year. why else? the collapse of the price of oil. here is the big question. crude oil's collapse becoming a larger event or perhaps a credit event. >> i think that is what we're seeing. we have seen the high yield market, junk bonds, distressed bonds, we have seen that market sell off significantly. that is why you're seeing all o

tim seymour. >> yahoo. it's taxable, it's a tax free, whether it's with or without, there's some of the parts it works for you now or any situation. >> i was watching you on the afternoon show as i always do and one of the analysts on the show -- >> where are you going with this? >> pitches deckers. and deckers i still own the name. i still think it's an m&a candidate. >> so buy altria. >> but their line of sneakers, no one realized they own hoka. it's the full rollout this year. >> all right. karen? >> i still like anthem. it has nothing to do with an mlp, nothing to do with energy. not that those things can't be great. they can. but i think it's a nice valuation. >> pete? >> amazon's taking over the world. amazon is going higher. $500 is spent more as a prime. giddy up. >> i'm back tomorrow. "mad money" with jim cramer starts now. >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. my job is to help you find it. "mad m

also with us for more on today's market action is "fast money" trader tim seymour. tim, this volatility, you must be loving this. what do you make of it and what are we going to do next week do you think as we go into the fed meeting? >> well, if you've been long volatility you're loving this. i think as we look at the vixer up almost 30% you're back at levels we saw at the end of september. what does it mean? i think there's a real cross current of asset classes right now, currencies, credit and emerging markets and obviously commodities. i think the market is very, very concerned about what happened overnight or what's going on in the currency market. there's some belief that china is essentially reval ewing their exchange analysis of how they're going to put the yuan against the basket of currencies and that's putting pressure on a lot of other currencies. i think as wedding into the fed there's very little reason for people to have powder in the game. people it as dry as possible. >> you hear about all those themes. i know you have been on high yield bond watch,

. >>> finally, fast but not least -- is tim seymour okay after we challenged him to eat a chipotle burritom is fine. he'll be back on the show tomorrow. we asked you on twitter if you could eat a chipotle burrito. more than 650 responded. 33% of you said yes. 48% said no. about 19% of you said maybe later. it's time for the final trade. let's go around the horn. >> american eagle. in the retail space. aeo up 15% year-to-date. look far and long to find a retail stock that's up that much. it rebounded right off that retail sell-off. aeo long. >>> got to start thinking about the fomc meeting next week. tlt wants to break out. buy that. >> i like bank of america. the stress test passed. wasn't perfect, but good enough. >> sara eisen, good luck with that new show in january. you are going to crush it. thanks for being here tonight. the movie was "casino" not "goodfellas." sorry. >> how do you mix those two up? >> you can catch "fast money" 5:00 p.m. eastern time tomorrow. "mad money" with jim cramer begins right now. >> my mission is simple. to make you money. i'm here to level the playing fiel

it comes in the support of $310 which is a 50 correction level of the $285 level tim seymour nailed. if you're looking for an entry point, ibb will get it done. >> these are a toast for next year. >> all next year? >> until the election is over. who will put new money to work? >> i am out. i've been out a while. did not call the top. we were in it several years. it was a great trade. i feel like there is so much pressure on the express scripts. you have money leaving. if money leaves the space, if some of those etfs have big sellers, it doesn't matter. >> i think that's the most important thing. meg talked about smaller names that were the takeover candidates. you lost the amazons, the facebooks, stocks up 30%, 40%. a lot of biotech stocks were up 30% in january. they've given back a lot of gains. biogen, amgen. gilead are down on the year. some act well. you lost the leadership. i think you can keep it focused here. you lost one of the biggest nasdaq leaders. if you go into the new year and people get focused on the uncertainty about regulation and pricing, these guys are going to b

traders on the desk are tim seymour, dan nathan, karen, and guy adami. we will hear from the man who has predicted some of the biggest market moves of our time, from the flash crash this summer to the massive october rally. jp morgan has had a quantitative strategy. joins "fast money" for his first tv interview in years. plus, finding danger in the herd mentality, and if yellen is about to send investors heading for the hills. it could be one of the biggest beneficiaries from the force. will "star wars" send imax rocketing higher? how is the company gearing up for the biggest movie release in years? the ceo of imax joins us live. >>> but first, we are now just hours away from the biggest fed decision in nearly a deck indicate. the dow closing higher by 156 points. oil higher by more than 2%. first, what happens at 2:00 p.m. when the decision crosses tomorrow, and two, what are you trading? we're going to start with the consensus here. the fed raises 25 basis points. and we get a dovish statement. what happens to the markets? >> i think the market rips fr

so we might be in for that kind of push. >> tim seymour joins us now. what about you, and what about this is attractive to you heading into 2016? does it include the u.s. consumer? >> it's interesting, because here's janet yellen playing up the strength of the u.s. economy. the messages of strength. more slack in the labor force, which again, at least leads to a more dovish outcome. but two things. you talked about the out-performance of certain sectors today. definitely wasn't really industrial. it wasn't cyclical. it was utilities. and i think that's something of concern. also puzzling to me why the fed did nothing about the economy. in fact, were much worse than where we were in september. and yet we're also at year end where you have liquidity issues. so i think it felt like the fed felt like they had to go, and we know that, except for the fact that the upgrade of the u.s. economy to me, the downgrade of the fear of global market conditions is why markets are very positive. if you believe that, there's more to go here. >> hey, tim. mike here. i do

very good. >> they've worked part on the breakfast. >> stick around to catch more coming up with tim seymourst money" at 5:00. dennis gartman what's got him changing his tune. >>> walmart has been the worst performing dow stock. can they turn it around for 2016. >>> "star wars" blasting box office records although that's not helping disney stock today. coming up we will talk about how much money this film will end up raking in. what it means for disney's movie business now and in the future. you're watching cnbc first in business worldwide. >>> welcome back. shares of walmart doing a little better today, closing up about 1%. it's been a tough year. will 2016 be the year of the turn around? let's hear from liz dunn along with chad morganlander, both joining us at post 9. liz, we will start with you. you are a consultant, we're not asking you for a price target on walmart, but how do you think their prospects look for 2016. >> i think they're pretty difficult. obviously it's going to be a down year in terms of earnings and they just have to do so much investment and we are not really see the p

joining me is "fast money" trader tim seymour. always good to see you.ooking at the action on friday in the hyg and jnk which are the etfs that track the high yield bond markets. >> record volumes. >> they were crushed to below net asset value. >> right. >> does that signal that they are buys at this point? >> i'm not sure. i think ultimately we're in a place where high yield is continuing to trade lower and the next tick is probably going to be lower. you're in a place as everyone has been saying on the network which is first of all you can't stop yourself out on something you can't sell. what a lot of big funds are doing and a real premium is being paid by those in the market who have the bid, and so we're in a situation where i think that's really what's happening and it's not just contained to the energy high yield. this is a liquidity issue that i think is throughout -- it's a multisector process. >> i think what's interesting is if you look at the holdings for the hyg, the biggest sector, issuer sector, is communications. >> right. >> two of the to

we've got mike santoli, with us for more on the year that was, we have "fast money" trading tim seymour, david nelson is here and john killdid you have from again capital. let's give the first word to you, mike santoli. sort of a disappointing way to end out the year for the bulls, a frustrating year. >> disappointing for sure but develop that the s&p 500 fell short of break even for the year because honestly if it was up it would have misrepresented how this year was overall. the russell 2000 small cap down 5% to on the year. the s&p down 3.5 or so percent so this was a year of digestion of down side bias within a range. that 2040 level on the s&p was the lower end of the range where we sat for about six months of the year. so it kind of represents how this year was. >> tim seymour, volatility came back this year, you traders love that, did it present more opportunities? everybody is expecting volatility to continue to grow into 2016, too, right? >> i think that's for sure. i mean, i think we were coming into 2015 and everybody said the fed was going to be in play. they were in play bu

tim seymour, pete and guy adami. hedge funds are having a terrible year but good news for a hand full of stocks. we'll tell you what the names are and how you can make serious money. plus looking to beat the market, we have the three stocks that history says will outperform. and the names and how you can get in on the action and later mark zuckerberg announcing plans to give nearly all of his facebook stocks to shareholders. >> but first, a market mystery today. the s&p closing near the highs of the day while we saw the worst economic data since the financial crisis. the ism manufacturing index dropping to its lowest level since 2009. bonds rallied hard on the news. we saw the reaction in the bond market. so the question here is which is telling the real story? stocks or the economy, what do you think? >> stocks are telling the story of the stock market 100%. the economy is weak and getting weaker. lowing reading in six years. the bond market is telling you that but the stock market says the fed will move in december

tim seymour. >> thank you, ralph lawrence.ry christmas. >> apple, limited down side, i think it is up from here. >> delta, flirting at the break out of 51. great long-term chart, buy it. >> gee? >> merry christmas, everybody. tim, semantic will get you done. >> thank you, ari wald for joining us tonight. i'm melissa lee. we'll see you back here on monday >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. i promise to try to help you find it. "mad money" starts now. >> hey i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends i'm just trying to make you some money. my job is not just to entertain but to on the job kate. call me at 1-800-743-cnbc or tweet me @jimcramer. they are over. underperforming stocks have now raised all the cash they need to

let's bring in "fast money" trader tim seymour. teresting because if you take a look at the topline numbers, it doesn't look that exciting but then you look at sectors like the financials which have been seen as a big beneficiary, and we are down below prefed levels from yesterday. basically given up a lot of gains there. waef flatter yield curve in today's session today. >> i think people are looking at the fed's hike and saying it wasn't as dovish as a hike. you look at the dot plots on the fed, so where the fed themselves think fed funds should be out in 2016 at the end versus fed funds. we're -- the market is probably not pricing in what the fed is, who is right, who is wrong. obviously dot plots have come in to meet fed funds. today people are saying the fed may not have been as dovish in that hike and then they look at the economy and they say, we're late cycle. janet yellen kind of tried to diffuse the fact economies don't die of old age. you're out of place where people are looking at less liquidity, at least the rate of gro

traders on the desk are tim seymour, dan nathan, karen, and guy adami.e will hear from the man who has predicted some of the biggest market moves of our time, from the flash crash this summer to the massive october rally. jp morgan has had a quantitative strategy. joins "fast money" for his first tv interview in years. plus, finding danger in the herd mentality, and if yellen is about to send investors heading for the hills. it could be one of the biggest beneficiaries from the force. will "star wars" send imax rocketing higher? how is the company g

tim seymour, pete and guy adami.unds are having a terrible year but good news for a hand full of stocks. we'll tell you what the names are and how you can make serious money. plus looking to beat the market, we have the three stocks that history says will outperform. and the names and how you can get in on the action and later mark zuckerberg announcing plans to give nearly all of his facebook stocks