Disney. First, stocks having their worst day since august 17. Dow dropping 300 points at the session. Check out the stunning move in the tenyear treasury yield falling to lowest level since day after election. Hovering over 2 . Number of issues weighing on the markets today. North korea, debt ceiling looming and fears a long immigration fight could hurt tax reform. Is this a start of september swoon or once again by the dip. Hurricane as well obviously. I dont mean to be glib. It should have been worse today. Not could have been. I think it should have been worse. Given where weve been. Given how low the vix has been. I think you could have made a excelling argument the market would have been down 30 s p handles and closed on low. Didnt do that again. Not going to say we couldnt see it down again. In the context of today, i dont think it was a terrible thing. You mentioned it was a continued move lower in yields. Now were below in a ten year at 2. 09 rate that had been supported for quite some time. Below that now. See what happens. Ten year gets below 2 well Start Talking in different tune. I believe with guy. I think it was better than that. Started off much higher. Day went on, we started to lose steam and gained it back a little at the end. To me the more interesting thing, cash carry were both very, very dovish. Whats new . So be it. Out there being dovish. We saw the ten year react to that and then the banks talks. Thats not so good for bank stocks. Down market of course. Not good for bank stocks either. I think thats why the banks took it on the chin. I would raise you. All we did today was drift higher. Playing with the house money. People on vacation. Nobody focused. Were not pressing on any of this. If you think about what happened in on of it. Were not pricing in north korea, debt ceiling. Absolutely. Im not sure the bottom market reflects the economy. I dont think it does. If you look at tens, were close to being at ten year lows for how flat the ten year curve has been. I get back to banks. Banks have been the place everyone has said. Banks if you wanted to buy on two weeks ago, you really want them now. I want to be consistent. I think financials are very interesting. I dont need to buy bank of america tomorrow, but yes the setup hasnt changed because the rhetoric has. I think its important to go back to what you just said. What is being priced in here. S p is down 1. 5 . Not a lot. I think its important you mentioned yields. Youre saying im not certain its reflective of whats to come in the u. S. Look at the dollar. Makes new lows almost every day here. Look at equity markets. S p is down no euro terms. When you think about whats going on in the world and risk assets to me you see a lot of those trades that really took off since the election have round trip for all intents and purposes. Isnt some of that the strength and your surprising strength in europe. Them talking about so that is more of the euro. Theres a lot of things going on. For whatever reason right now we spend a lot of time talking about u. S. Risk assets. Dont look so rosy when you consider all of the potential head winds we have. Especially in the near terms and especially how much ground has been gained over the last nine or ten months. Except for the fact u. S. Risk assets have been the safe play for the last seven years. European have been investing for the last month. Youve doing fantastic. You are translated back to euros. Depreciating. I tell you what, the ecb meets thursday. Major risk for the market. May move before the fed does. Think about the politics in europe right now. Merkel is going to win running away on the 24th of september. Coalition between france and germany looks very strong. Room possibly more more cohesion in the europe than the u. S. Did you ever think you would be saying that. More aggressive, hawkish Central Banks leaving the party. Something the invest torsion have to face up to. Lack of cohesion is a real problem. Look how something with the daca announcement. We have someone say i think this should be resolved before tax reform. Some point very soon you have a situation where investors are not pricing in all of the hiccups you have. To me tax is a big part of why this s p is up right now. You both are kaurcautious. Were on the same side of the boat. All i would say is this market continues to be unbelievably defensive and i dont think i think youre going to need a couple more significant shots. Its going to be really dangerous when it becomes active again to the downside. Going to take a lot more than this to get it moving. I would think the price action today would make you more bullish about the resilience of the markets in the face of these potential threats. I was trying to make the point at the top of the show. I thought it could have been worse. The warning signs are clearly there. I had been faked out countless times over the last seven years. One thing i think is worth watching. Deutsche bank trading down levels we last saw back in april. Below 16. The dax has held. Deutsche bank is rolling over. I dont know what it means. The stock you have to watch in terms of europe. Youre cautious of europe. Given the price action of the last six to nine weeks of deutsche bank, clearly something going on. Our next guest is warning investors todays selloff is a likely a swept swoon. Why now . Why is it that now u. S. Investors should get cautious as to a week before or two weeks ago or should they have been cautious all along. It has to do with year over year comps. It was working for the first half of the year. Second half starts to lighten up. To the extent you think impact from d. C. And that maybe being pushed into 2018 all of that good things we are expecting that doesnt happen, thats not priced in in our view. The market hasnt accepted the idea that market reform may not happen. Its already been pushed to 2018. Little bit of pushback. Deregulation basket fall below the s p. Theres more room for that to kind of unwind. If growth doesnt continue to come through, all of these things have to align for this to work for investors to continue on with the risk asset trade. You think the linchpin for the rally is something out of d. C. Progress in d. C. And does what with daca in your mind or j. P. Morgans mind put off tax reform even more. It definitely clouds the picture. With respect to that we know immigration impacts long run growth. Its not going to be something that impacts the market over the next 1218 months generally our time horizontal. Were just telling investors they have to be more selective. The idea the broad market is going to continue to grind higher, perhaps if were okay with gdp or earnings pushing that forward. To the extent we think theres other things wrapped around this, if that doesnt come through, in our view that hasnt been priced in yet. I thought you had a question. There are sectors you think are able to avoid d. C. Stuff over others. We think tech. Tech isnt a flashily social media story. We like the payments. We like video games. Software, mobile. Across the board tech has been attractive and i would say within the value bucket we do like financials which i know you were talking about earlier. Are you concerned about big cap tech. Do you think theyre going at lagger head to the white house. Then you throw in antitrust and things google is facing around the world. On the horizontal it does seem that at some point tech could be recklated. That seems like an obvious next step for d. C. To go there. Doesnt seem imminent though. Also has synergies from global tech. We like the broad base. In some parts it could seem frothy. Tax reform. Tax cuts. Two very Different Things. How much do you think a ten up on the year s p is anticipating repatuation or some sort of plan for a tax reform in all intents and purposes should be a bipartisan thing. Its hard to put a number. We put out Research Showing you could get a 10 earning bump from tax cuts and tax reform. Hard to say what percentage of that is already priced in. We do know sentiment has been void in tax reform. Were not certain we can count on d. C. To get all of that. Really has to come through to earnings and earnings might not be as strong as they were. I hate to bring up the storms into context of a trading show. Bring it up. Couple banks think the storms are gdp down the road. Some thing negative. Positive impact in the longterm from rebuilding. Obviously a very big addition tin distinction to be made from the suffering happening and the market impacts of all of that. We think it could have a tangible impact on gdp with the leg. Thank you. J. P. Morgan funds Global Market strategist. What did you do today. She talked the about some of the em tech and to me, pullbacks in things like alibaba is things to buy. I was cautious. The one place i was active was the energy center. I added haller burton. And if Energy Continues to be and even if its the hurricanes which are events that shouldnt drive. I thought there was interesting strength in retail. All up on the day. Im still i get that story. Im still looking at the xrt. One with me ive been short on. A few occasions. Not right now. Broke down for key support. Im looking for a reentry there. Im definitely tracking very closely. I think theres relative strength trade in big box. Also the Department Stores since the earnings kind of put lows in there. Dont want to be pressing them short. Look to put that out on a rally. One area of weakness was financials. I know samantha likes them. Dont go out and buy them immediately. Why should i be in that financial trade . It really trades on what the back of the yield is doing. I understand that. Still comes down to evaluation. Story can a space that had head winds for six years. Now has tailwinds behind it. I understand the market fluctuations. Quite frankly understand well in. One name that stuck out with adam jonas last week. Auto nation on a lousy day was up a percent today. Mentioned it last week. Im sticking with the banks. Valuation and support under them. Big buybacks. Decedent yields and i think were going to see good markets. Coming up. Week after hurricane harvey, here comes hurricane irma. On track to collide with florida. Market is already reacts. Give you the names moving the most. A ruch yeough year for disn maybe not for long. The good times at the mouse house are just blind the corner. Analyst behind the call. Bitcoin in turmoil over the weekend. Bitcoin bubble get louder and louder. Take a look at which stocks take you along with it for the ride. Much more fast money still ahead. For your heart. Your joints. Or your digestion. So why wouldnt you take something for the most important part of you. Your brain. With an ingredient originally found in jellyfish, prevagen is now the number one selling brain Health Supplement in drug stores nationwide. Prevagen. The name to remember. Welcome back. Hurricane irma strengthening to category five. Here with the very latest. Melissa, look at this storm, it is a beast out there in the atlantic. Actually the latest update one of the largest ever in the Atlantic Basin to hit 185mileperhour winds. Thats the latest update. Look at that eyeball there. Looks to make land fall in the leeway islands later tonight. In the next few days, the track is going to continue to change. If you look over here you can see the track and its going to move back and forth. Its going to fluctuate intensity from a category five to a category four storm then its going to go back up again. Going to want to make sure to Pay Attention those of you in south florida and really all the way up into Central Florida and southeast. That cone you see as it goes up there, its changes each time we get an update. Widens out. Everyone needs to be on alert. If you havent started to make preparations, you need to do so. Key west starting evacuations as early as tomorrow morning. Thats going to continue. Well see that continue as we move forward in the next few days. Watch this latest update from the National Hurricane center is a category five. Strong category five storm right now 185mileperhour winds. That is a huge storm. Only second to hurricane allen ever in history. Were going to keep uptodate as we move forward. You want to make sure if you havent taken this seriously yet that you start to do so. Were already seeing impact in the number of florida based Insurance Companies. Were also seeing pressure on some of the bigger names. [ inaudible ] depot, i think its reasonably priced still upside. Go back and look at all the major hurricanes. See what the insurers have done in the months afterwards. 35 months almost to the letter, the stocks all roughecover and higher michigan sense is that will happen again. I dont know what the state of the Insurance Companies were back then in terms of cash cushion. This time they can weather this storm in terms of the losses. Right. And they may, but they may not be able to jack up the premiums later on. Theres so much competition. As much capital in the pace. Exactly. Different dynamic. I mean, todays move irma, i guess. Maybe because i think took a brief hit last week. I think its still very competitive. A lot of capital out there. I think its going to be hard. If you think about it, these Insurance Companies a lot are lumped i forced to be in a very different place. The ultimate loser is the consumers. Were all going to getrates. This is a tax on everybody ultimately. These guys will pass it on. In terms of where the path is, looks like its going more towards the west and if it does, could make land fall in louisiana. Hits refineries that did not get hit in harvey and take those offline. Gas prices over the weekend timed with labor day weekend. Retailers were opportunitistic on the pricing. Got 2. 1 in refineries still shutdown. Pipeline is open. A lot of the texas area get back on board. I remind you the rig counts shot. The last three weeks have stabilized. We are locked in a range of 4555. Gets back to which companies are Free Cash Flow positive and not all of them are, but a handful of them are. I think this is a great opportunity. Xle has bounced. A name im at least standing in. Doesnt have to be a longterm trade. Still ahead the largest deal in aerorow space historyspace h. May the force be with you. Wells fargo says the force is with disney and plans to go over the top. What does she see that others dont. Analyst behind the call will be here plus the bears are taking aim at bitcoin. Calling for a bubble. Thats causing a selloff and a number of bitcoin related e mewh ft oc. Thnas enasmoney returns. Im living that yacht life, life, life top speed fifty knots life on the caribbean seas its a champagne and models potpourri on my yacht made of cuban mahogany, gany, gany, gany, gany watch this dont get mad bell mnemonic get e trade and get invested stay with me, mr. Parker. When a critical patient is far from the hospital, the hospital must come to the patient. Stay with me, mr. Parker. The at t network is helping First Responders connect with medical teams in near real time. Stay with me, mr. Parker. Saving time when it matters most. Stay with me, mrs. Parker. Thats the power of and. Theextreme risk of burstd a pipes and water damage. Y. Soon, Insurance Companies wont pay for damages. That is, not if they can help prevent damages from happening in the first place. At cognizant, were turning the industry known for processing claims into one focused on prevention with predictive analytics, helping them proactively protect the things that matter most. Get ready, because were helping leading companies see it and see it throughwith digital. Welcome back too fast money. Live at the market side. Sea of red as the industry posted worst since august. S p and nasdaq falling around 1 . Dow closed down more than 230 points. Coming up in the second half of the show. One of the best performing groups of stocks in the last year. Hell tell us what it is and how bad he sees it getting. Plus a bold call for one wells fargo analyst telling us not to underestimate disneys dive into the streaming wars. First United Technologies formerly agreeing to buy rock well collins. That has one dow rival crying foul. Lets get to chicago for the details. Hi phil. Were talking about the rival and strongly worded stra eed stt you usually dont hear from companies when it comes to kp competitors merging. The other third coming in cash. Rock well collins theyre going to kohl it collins air row space. Erospace. Some people are wondering if this will give United Technologies too much control when it comes to aifonics or the aerospace industry. We dont see a problem with trust lregulations. Heres what he said this morning. Its the very little overlap. The risk we think is very low. Well release companies together. We can create value for customers by bringing the businesses together. Well, one of their customers is not very happy. That customer being boeing. Oolts of these aifonics, theyre be going into boeing airplane. Should we determine this deal is inconsistent with those interest, those interest being keeping cost as low as possible and driving down driving in value for the plane, we would intend to exercise contractual rights and regulatory options to protect interest. Keep in mind, boeing a while ago formed an aifonics divisionvion in terms the of putting rock well collins together with united technology. In one moment the two are pressured by boeing and airbus to lower costs. Then theyre threatening. The tables have turned on this. In part because people are looking at this and saying how much will this cut into the margins for boeing. They are its going to be tougher for them to drive down prices with United Technologies if this merger goes through. What are they referring to when theyre talking about exercising contractual rights . Isle it customer, competitor what are they doing . I think that was a thinly veiled we will find somebody else if we think this is bad for us, but the question remains, its not a there are competitors out there when it comes to avionics. Not like Rockwell Collins has a monopoly out there. I think what boeing is saying is look, we think this is not going good for us. We may find a way to move around with other customers. Phil, thank you. Fascinating story considering its been unraveling for a month now. Raveling. Would you rather. I like this game. Late in the show. 5 31. Would, boeing or united collins. I tell you why because dan has a kpcompelling chart that would back up what im saying. Im say this, boeing is going i understand what boeing is upset. There are competitors in the space of Rockwell Collins. The reality is Rockwell Collins has done it better than everybody else for the last two decades and collins needs them as much as collins needs boeing. With that said, Morgan Stanley earlier i think they both overweight and still think boeing, boeing out of all of them sets up the best. Do you have a compelling chart. Come on dan, you do. You showed it to me and now making me look like the jerk i am. Im going to say boeing since the last gap it just flat lined. To me, thats a gap that needs to be filled at some point. Through your uptrend and all of sort of stuff. Thats a better value. I think theres an integration risk. Already integration going on before this. Now you have them together. That can be a distraction. It will take a long time. Thats management distraction. That will be in boeing. A friend of the show, covers the space. Says this deal is creative to utx. 160 a share. Getting it as a steal below 130. Where it is right now. Poeing had a huge run. Boeing story is all about Free Cash Flow. I think its getting priced in. Industrials were having one of the best performing sectors in the past 12 months. Next guest saying there could be trouble ahead. Corner stone at the plaza to break it down. I think we have an item or two thats an issue. Longterm out performance in the part of industrial. And yet, year to date, actually, theyve badly underperformed the market. You have problem of too much over a long period of time and under performance. Look at a few charts to put it in context. 09. Where we are now. Market. Add another line. And now industrials. You can see quite clearly youve got outperformance and recent under. Now lets add the winner. Perf under. Now lets add the winner. Are. Massive performance on the part of aerospace in a sector itself has outperformed the market very weak stocks within the sector and strong stocks specifically aerospace are starting to show cracks. All right. Now, theres a good etf which you can use if you want to put on a trade like this or take this one. Its called i ta. These are the top five. What you see here is that they are about 39 . Its the big names that you know. Heres a two year chart. Its very orderly. Here is very precise trend. So bottom at the top, top, at the bottom. Its repeatedly and over again. Were right at the top. Once you of course want to make the bed is that youre going to do you know this kind of thing which is fail off the line, fail off the line. And once again probably going to get this. The best part is defense attorney done. This is the bigger issue. This is xli. And performance to the s p. Take a look when i put in these lines. This tells us everything. We know the sector itself, right, has broken out to new highs, but its relative performance never could make a new high since the socalled earnings recession for industrials. A point at which boeing dropped 33 of its value. This is the real problem. If you have weak stocks that are not keeping up with the market at the same time your strongest stocks are starting to falter or reaching leveling theyre not likely to continue. Industrials are a bad place to be. Heres a chart of xli. We have now broken trend and everything i can see would suggest theres more to come. I want the underweight and industrials bet against aerospace here. Its just too good. Carter being in the top 20 guests that are in the top three consistently. Deserves an invite. It was a knock on me. Quality here. I have a question. The channel you showed seemed very convincing that even if there is a check back to the bottom of the trend line, there will still be a move higher. We dont know. We dont know. The odds are that its been living in that channel for about two years. Quite precisely too. Were likely to come to the bottom of the channel just as we have every other time we got to the top. And if youre at the bottom, maybe it will throw it back to top. First things first, odds are high well get to the bottom of the channel. Represents meaningful give back from here. Start to lose your strongest stocks within the sector, what holds the sector if you take out big names of sector like boeing and defense, and you have more names like. What do you think for that section. In that area where its got element every single gap. Names you mentioned. I thinker solngersoll. Ting setup is you have out performance and then add to that new and sort of unsettling under performance. With then your heros starting to get to levels where they cant. Can we talk about heros. You mentioned boeing and you mentioned the 35 . 2015 highs and 2016 lows. Now up 136 . Ive been doing this for 20 years. These guys on my corner about 30, 40 years. Ive never seen anything like that in industrial stocks. Thats were tied to sub greater fools theory as it relates in tech or is something. How does that happen. Thats it. Boeing is being treated as though it cant do anything wrong. A lot of these multiples on some of the names that you mentioned are at or near historic highs. One thing boeing has no competition. Just airbus and always going to get the contract. All very dicey in the world. Doesnt matter. Stocks like coke ka cola have draw downs of 1520 repeatedly. Well,s fargo says youre missing the disney picture. Here to make her case. Whispers of bitcoin bubble taking a number of high flying stocks lower. Give you the nes a hamndow to place it. Much more fast money still ahead. If youd have told me three years ago. That wed be downloading in seconds, what used to take. Minutes. That guests would compliment our wifi. That we could video conference. And do it like that. snaps if youd have told me that i could afford. A gigspeed. A gigspeed network. Its like 20 times faster than what most people have. Id of said. Id of said youre dreaming. Dreaming definitely dreaming. Then again, dreaming is how i got this far. Now more businesses in more places can afford to dream gig. Comcast, building americas largest gigspeed network. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. And at 4. 95, you can trade with a clear advantage. Hey, im the internet i know a bunch of people who would love that. The internet loves what youre doing. So build a better website in under an hour with. Gocentral from godaddy. The internet is waiting. Start for free today at godaddy. Well,s fargo is betting on Disney Streaming strategy to give the boost. Raising price target on disney stock today on optimism about plans to direct a direct to consumer espn brand out next year and direct to consumer disney Brand Service in 2019. Disney shares are down nearly 6 since announcing those plans. And as well as its earnings last month. Investors have been concerned with espns ongoing struggles and wondering what the new streaming services will do to bread and butter, traditional tv bundle. Investors need to start thinking about increasing exposure to Media Companies with solid streaming strategies. Recommending cbs and fox. As well as disney. Recommended again in the newly merged discovery and scripts. Netflix shares have taken a hit since disney announced pulling disney and picks ar filmsxar fi. Together this year. Facebook is taking a different tactic with original programming launching on watch tab just last week. It could also emerge razz another buyer for sports content as amazon has with the 10 nfl games it will stream this season. The analyst who made the bold call on disney. Marcy, thank you so much for joining us. We appreciate it. Really fascinating note. Im curious, in terms of interpreting disney strategy as a stolid streaming strategy, how do you think about that cable channels and how they need to price it and how many subscri subscribers they need to get for potential losses on the cable side. Big picture, terms of a solid strategy you need content. They visit. You need management. They have it. You need customer relationships. They visit. Now you have technology. They have it. In terms of quantity fies. I dont know the street is really ready tom think about the potential upside. Everybody is focused on the potential downside. In our note this morning. We dont think theres much downside. We dont think that disney is paying billions of dollars in a disney branded ott offering. I think theyre going to take library content. Take movies and do some originals. Going to have a pretty good return. Marcy, i read your notes. You said in they succeed, they should trade close to 17. 5 times. Theyre currently trading the at 15 times. Totally unction th totally understand that. Hasnt the sector been down so the multiples offiester year dont really apply. Toll me, ting sentiment is too negative. After august 8, theres a lot of things that need to be cleared up. Had a bad Earnings Call definitely. The sub had accelerated. I think that wasnt fully explained. If you go back to the call, what they were talking about if you understand the media, q2 was 60 days delayed. And so at that point in time, hulu had not launched and youtube was in five markets. Didnt have a lot of subs in the streaming service. Their strategy sounded last minute. My guess is its not. Well thought at strategy. Maybe the communication could have been better. Its going to start this week when he starlets talking at an Investor Conference in new york city. What does he need to say to make you more confident in your call. Talk about how this has been a well planned and thought out strategy. Wasnt a last minute strategy and talk a little bit about the investment spend. Theres a lot of fear that disney is going to go down a netflix path and spend all this money. And we just dont think thats the case. Why are you so willing to give disney. I understand giving them benefit of the doubt because the Management Team has been solid. Et cetera. They have a history of this. At the same time, go back to first question i asked you. How do you think about how they should price the ott service and how many subscribers they need to make it work. Whether or not it can bliezs from the cable project. Its coming from netflix. Espn is a compliment. Its not linear. Its a compliment. You can authenticate. I think is very important. In terms of pricing sort of given us a hint. Said, look. We want market share. Going to price this reasonably. Doesnt mean were going undervalue it. Its going to be reasonable pricing. Think about the product. To have 8. 99 service to get disney movies, i think thats a pretty good deal. Marcy, thanks for joining us. Appreciate it. With that disney call too. What do you make of disney right now. Looks interesting. The chart tells me and she brought up technical arguments for for stock too how it trades at premium to s p and below it now. To me the question is guy brought it up, should the media sector be trading best of breed. Disney absolutely is. Should it be trading above the s p, im not sure now. Is there a secular rerating that needs to happen. Absolutely. Its happening for sure. Happening already. Will it ever come out of it, i dont know. I dont know. Landscape may have changed. Relating happened when massive secular shift hit the entire industry. Now look at what theyre doing and look at how its sticking around and changes theyre making. You could make the case shes probably smart. Probably a little early. Then theyre going to have this tail wind wungs they get set up. What did she say about espn. Saying its a compliment. I think was at agree sisny deserves. Am skeptics. Well good to speak to the one betting. Im not ownser. Getting bullish of the media giants. Interesting. Just talking about this call. Its a longterm call. Secular call. Bob has time to have it play out. Today was really interesting. The activity was very shortterm. Wasnt particularly convicted. Cal volume was two times that of put. Two most active call strike weekly that expired this friday. People buying 101. 3,000 traded at one point. Traders looking to play for a little gap fill. Look at the chart back from earnings. Went down 106. 5. Down to 101. This is going to have time to play out. Been trading in very tight range. I think its probably breaks 100. If it doesnt say what people expect him to at the conferences, then youre going to have lower lulls. Option check of friday. Coming up bitcoin falling more than 10 from high of 5,000. Just hit on friday. Whats behind the move all the details. All the details. More fast money still ahead. So that i can take my Trading Platform wherever i go. You know that thinkorswim seamlessly syncs across all your devices, right . Oh, so my custom studies will go with me . Anywhere you want to go the markets hot sync your platform on any device with thinkorswim. Only at Td Ameritrade hey youve gotta see this. Cno. N. Alright, see you down there. Mmm, fine. Okay, what do we got . Okay, watch this. Do the thing we talked about. What do we say . Its going to be great. Watch. Remember what we were just saying . Go irish see that . Yes im gonna just go back to doing what i was doing. Find your awesome with the xfinity x1 voice remote. A bitcoin bubble could be brewing. Analyst to tell us whats behind the fall in bitcoin. Reporter bitcoin surge is catching everyones attention. This is the best example of a bubble right now in bitcoin. Telling us that big things happen if someone invents the right story. And other Market Participants have also joined in on bitcoins rapid surge riding today that lower ratings have created more speculative behavior and asset bubbles seem to be becoming more bubbly as time goes by. Theyre pointing to bitcoin media rise of 2,000 since mid 2015 until now. Note its been much faster and more pronounced and. Ban on companies introducing initial Coin Offering to raise initial funds. This is not the first time that china tried to crack down on the currency cryptocurrency space and may not be its last. Melissa. Thank you. It coin recovering losses today. Currency still tether though moves. Invideo nvdi nvdia. Bitcoin investor. At what point do the alarm bells go off. Theres a few Different Things going on here. China move was important. Thats what sort of sparked the selloff in the other cryptocurrencies and bitcoin as well being the biggest one. So that is why that went down. I think it was very frothy and looking for any reason to come off it. I think the bitcoin story is very much intact. Who knows how its going to evolve 67 evolve. Its hard to have a straight smooth line. I think it will be very erratic. Supermarket sentiment in general is something that will help. All that having been said, if you want to play bitcoin, play bitcoin. I dont get why you would fold it in overstock. Com bet. Those are two deficient risks to put on. Its a big hat. If you want to focus on the price of cryptocurrency and focus on that, thats any risk asset. Its got a market cap of 73 billion. The end of the day, if its a bubble and it bursts, its not the end of the world. Distributed around the world. I would focus on who is using the block chain technology. Thats the thing people are universally convinced will be a game changer. For all you bitcoiners out there, i know there are many. Buying expert to be here on the man who wrote the book on bubbles. Robert, hes the guy that said e tcoin is looking bubbly. Thshowdown, you cant afford to miss, up next, final. Times up, insufficient prenatal care. And administrative paperwork. Your days of drowning people are numbered. Same goes for you, budget overruns. And rising costs, wipe that smile off your face. Were coming for you, too. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. So let me get this straight. Youre a rabbit . Im vern, the orange money retirement rabbit, from voya. Riiight. And that means. . Im the money you save for retirement. I help you get organized so your money could multiply. See . Got it. Whos he . Hes green money for spending today. You know, paying bills, maybe a little online shopping. Makes it easy to tell you apart. That, and i am better looking. I heard that. When its time to get organized for retirement, its time to get voya. [car tires screech] [bell rings] haliburtontoday, stay long sticking by my guns. Been this way a while. Bank of america. Im with carter. Boeing. We didnt talk about biotech tonight. I like the biotech. Morgan stanley. Price targets back to you. Thank you so much for watching. See you tomorrow again at 5 00. Go the meantime dont anywhere. My mission is simple to make you money. Im here to level the Playing Field for all investors. Theres always a bull market somewhere, and i promise to help you find it. Mad money starts now hey, im cramer. Welcome to mad money. Welcome to cramerica other people want to make friends. Im just trying to make you some money. My job is not just to entertain but to educate and teach you so call me at 1800743cnbc or tweet me jimcramer. On big down days, we often wonder what the heck happened to our stocks