Thats what i keep thinking on a day like today stocks trashed a week ago, started rebounding like crazy. Dow gaining, s p advancing and nasdaq 0. 54 makes you wonder about the markets rationality youre wondering, thinking is it even sane . For the most part nothing wrong with the stocks that. Reporter zbls. That were hammered in the selloff. But market is not crazy or irrational in reality traders tend to make wild overgenralizations, act fast mistake to assume they know what theyre doing. In short the market is often wrong but we credit the action with being brilliant how wrong with the market be egregious examples tonight rotation out of technology that didnt make a lot of sense sales force. Com. Stood at 92 roared to 102 in earnings when the company reported, results superb, really stupendous, scrutinized them line by line and had such faith it was that good what happened to the stock got completely bushwhacked fell under 100 in a couple of days as part of the rotation out of fastgrowing companies that wouldnt see much benefit from a change in taxes. Salesforce has a lot of oversees exposure dont get a boost out of this. Not what works other tech stocks, salesforce where it was before. 104 why . Rotations tend to be temporary and Growth Investors cant resist buying fastgrowing Companies Like this one, especially after amazing quarter and stocks dramatically lower when the quarter is reporting. How the Decision Making process works. When we realized that tax bill would pass the senate, Money Managers desperately wanted exposures to companies to get the boost from the 20 tax rate. Give or take to buy those stocks had to sell Something Else to raise cash tend not to have new money coming in. People dont just throw money at stock market anymore many use techs like this as source of funds. Sold the stocks, got cash and reapplied it to these companies that did better under tax code thats right they look at a companys stunning revenue growth, dont care about it. They want bottom line growth then the growth guys come right back and look at that same growth, darn it, salesforce is cheap versus where it traded historically, start buying second wave of people, they dont care about the tax bill. So were the sellers who crushed salesforce wrong not exactly. They were traders and it made them money but fact is they probably didnt know what they owned or didnt care in many cases buying and selling etf with salesnorse it and knocked salesforce down. However when a stock gets hit hard, coloring commentary about the Underlying Company as soon as salesforce started going down, the stock, heard that company may have had less growth than the bulls anticipated. Had to be down for a reason right . Deferred revenue didnt matter. Sellers said something was wrong by making their sales. The daytoday action in a stock rarely gives you much insight about the actual business though sure, there were sellers, doesnt mean they were smart or right. A big selloff makes you wonder whether the sellers know something you dont. Can make you feel pretty paranoid or stupid but i had just spent several days with salesforce. Com as part of dreamforce, the cloud conference spoken to ceo marc benioff, to a lot of different people as i roamed the place i knew the business was good, told you to stick with it. Initially it hurt. Stock kept falling but i had done more homework than the sellers, allowed me to handle the pain. Now its on fire again thats been the process for salesforce, stock been up since we started recommending it around 8. Same process happened, just worked to a tee, for guess what, facebook, amazon, netflix and alphabet, at one time google for f. A. N. G. During the selloff Facebook Stock dropped, amazon plummeted. Netflix soho shed 16 and alphabet, parent of google, went down 60 points when this decline occur what did they think you know what, just guys raising capital . Did we think the market is going down you know what we heard, f. A. N. G. Was dead why . Because the stock went down. Classic circular reasoning f. A. N. G. Deserves to go lower because its going lower facebooks growth had been slowing, amazon had a fabulous black friday and beast of cybermonday and alphabets cloud definiti division taking off. Occurred when falling but commentators assumed that f. A. N. G. Was gone for. Take cue from the action and not anything else, be wrong as often as rur youre right. F. A. N. G. Stocks are fine happens all the time yesterday home depot was down before its terrific meeting. I went through it, chose not to watch it after the meetings, figured would be up 2, not down 5. But fact it was down made the negativity selffulfilling something had to be wrong with home depot i know it wasnt the case. I have conviction, know my homework, have discipline and knew could bounce. At the same time the market is reevaluating the stocks that surged without much thought. Tjx bid up in positive aura from tax reform but didnt have good quarter back to 73 and change where it belongs because disappointed last week vmware reported in midst of tech selloff a beautiful quarter. Integral to adoption of the cloud, still in infancy and business on fire but misfortune of reporting on the day they were giving up cloud stocks cloud deniers are wrong. 117, down ten points from high should be buying vmware because its too low then boosted big dividend and raised guidance jie gantically because Large Customer is ordering like mad. Almost certainly apple but Like Fight Club tlt, first rule is dont talk about apple as seller then a report about apple x not selling well do you know it truped terrific news out of broad come, i think the initial rally was right. Broad come stock closed unchanged and think thats too low here that and apple deserve to trade higher apple up 31 cents. Thats wrong ceo of lou lieu lemon talked about a strong selling season. New york show is doing well. Number one store in the chain. For ages macys with a a huge store saying the flagship is hurt by lack of tourism. Strong dollar. Dollar getting weaker. Lululemon saying the tourists are back could be the best Holiday Season in four years, so macys stock needs to be bought now bottom line, market often makes mistakes you have to be wary of rationalizations that come after meaningful decline just because the stock is town doesnt mean it should be down sellers get things wrong as afternoon as buyers do not omniscient dont let them freak you out next time a stock is hit for no good reason. Gary in new york caller thank you for taking my call. I bought Skywork Solutions for 67 roller coaster ride, recent high over 117 receded to 96. Hold it Skyworks Solutions has Good Business with apple, apple is doing better than expected after listening to broadcomm call last night. Im comfortable with you holding swks universe of things, not just apple, growing like mad. Sometimes stocks dont tell the truth in daily action, sometimes seller has no idea what theyre doing. Dont follow blindly coming up, bitcoin mania at one point climbed 40 in 40 hours. Could the wild days continue give you my take named my dog bitcoin today boeing, what boundary will it break next . Exclusive. And questions about the tax bill portfolio prepared for whats next or all in bitcoin ill be the judge when we play am i diversified tlt stick with cramer. Announcer dont miss a second of mad money, follow jimcramer on twitter have a question . Tweet cramer, hashtag madtweets send an email to madmoney cnbc. Com or give us a call at 1800743cnbc miss something . Head to madmoney. Cnbc. Com. What we do every night is like something out of a strange dream. Except that the next morning. It all makes sense. Fedex powers Global Commerce with vast, farreaching networks. Deep knowledge of industries. And, yes. Maybe a little magic. I used to have more hair. I used to have more color. And. I used to have cancer. I beat it. I did. Not alone. I used to have no idea what the American Cancer Society did. Research . Yeah. But also free rides to chemo and free lodging near hospitals. I used to maybe give a little. Then i got so much back. I used to have cancer. Please give at cancer. Org. Enjoy the insane rise in bitcoin. Because soon it will be a legitimate twoway market. Something that doesnt seem to be available right now cibo, cme and nasdaq all thrown hats in the ring to offer derivatives from bitcoin next year, to get everyone a better way to get involved without venturing in risky places. I never called bitcoin a currency or even a cysrypt ocurrency. Its not really a currency not much you can buy with it abstruse casino game with no winners or losers. Got to like that perhaps not at first given popularity, could have double, triple, quadruple, i dont know but any security from 10,000 to 15,000 to 19,000 in matter of weeks or hours, how long will it be before it bursts . Why am i suspicious of this fabulous table game thats made people so much money first, no one knows who created it no one knows how much creator reserved for themselves. Third, virtually no transparency fourth no government backing obviously. No military support for the system unlike real currencies. Fifth, despite allegiance fwlok chain, another buzz word, end of the day this is software what do we know about software . All software can be hacked when, not if but when that happens, will be a total loss. No insurance and no fiat backing. With those considerations, sooner or later run out of steam. I believe boit bitcoin is hoarded by a few players its a classic corner. Bitcoin can be mined something that made it seem like death knell of another thing that can be mined, gold. Find about 1 of the gold a year, kept it precious this can be mined using computers from n individually and amd. Interesting sideline both companies at one time or another have understood the hype but try to play it down unlike jack dorsey, ceo of square, really aggressively playing it up even though its not that important to Payment Technology company, at least not according to their cfo on our show trading bitcoin creates twoway market here. At last somebody will be on the other side of the trade. Help eliminate the hoarding. Will be supply who will be so bold as to short change it . We dont know but somebody will take that bet. I think after regular trading top wont be far behind. But wont surprise me if it keeps running. But like any, can peak at any time people are buying it because its going up. When it stops, why sell it its going down. Thats the nature of these moves. Congratulate everyone early in the story, bought it yesterday and sold at 19,000, made a fortune, smart, good, fabulous but other side of the coin, bears make money, bulls make money, pigs get slaughtered. Dont want you to be slaughtered. Scott in maryland crimin. Caller thanks for all you do west point, going to crush navy. Thank you for protecting our country. Caller question on regional banks. I know from the club you like key but think comerica or p c, maybe regions are better is the whole sector okay pnc is spectacular, comerica is a push. I like reejence, i kicked the tires there. Thanks for kind comments im a little suspicious about bitcoin. Thats all right ahead. Shares of boeing moved hard. Can it fly harder exclusive with the ceo of this Iconic Company then with the Government Shutdown looming end of the week, does your portfolio have what it takes to survive the unknowns my take in am i diversified . And lightning round. Stick with cramer. 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. A year ago then president elect donald trump fired off a tweet slamming boeing for the cost of its air force 1 program. Stock got dinged but quickly recovered and roared up 80 over last 12 who months some red hot aerospace cycle, some rising defense spending and part comes down to the tax cut boeing pays effective rate of 28. 5 . Whatever the final legislation looks like, theyll be paying less its very exciting time to be boeing and stock keeps roaring can the momentum continue . We caught up with dennis moelensburg, chairman and croat New York Stock Exchange this morning. Boy am i fired up about it take a look. When i got into business boeing had a boom bust cycle, not that important to the economy. I see a new boeing, Straight Line growth and maybe most Important Company. Nature of the business has changed. Global traffic connected growth around the world. Passenger traffic, millions of new people traveling business turned from cyclical to longterm sustained Growth Business where are we in knowing that story . You may be the engine of the u. S. Economy right now i think were a big Growth Engine for the economy think about the pace of growth, less than 20 of the worlds population has taken a single flight, believe it or not. This year alone 100 Million People in asia will fly for first time traffic growing 7 a year, outpace gdp and drive Economic Growth think about what it means for production of airplanes. Going to build them, well north of 900 airplanes a year. Manufacturing jobs Economic Growth and energy put it in perspective when i first went to boeing in the 80s, big deal to make a couple planes a week ramping up production 737 line in renton, washington, building 47 aircraft a month in that factory not that long ago, 17 to 20 a month. Driving efficiency, team ramping up production. Next year take that to 52 a month, and in 2019, ramp up to 57 a month in the broader scheme of things, you have only 20year plan of any company i deal with. Talk about the way thats possible and mention the backlog and size 5,700 in backlog. Production lines its about seven years of production. That allows us to do longterm planning, longterm production planning and leverage it to invest in the future always investing in innovation and next product line. Tax reform. Going to washington. Lot of people feel, Companies Get the money youve been good boosting dividend but with boeing, more jobs. Tax reform single most important thing to do in this country to unleash Economic Energy unleash growth first thing well do is invest in innovation, capital, new product lines. Create more manufacturing jobs and shareholders will evebenefi to number one use of cash is invest in the future. Well spend more time in the second segment talking about mars and unmanned. But in the end you were making order where the ceo says a better economics plane you make them better and less expensive for the operator. We make the best airplanes in the world. Proud of our team, Product Performance and how we support products in the field, provide best value for our customers driving the growth in the business you come up from defense side we get on boeing, think commercial operation defense has been phenomenal since boeing was created. Been a strong part of who we are. Were 100yearold Company First airplane was military. Defense business about a third of the company today were a unique company in the world with aerospace and strength of commercial and military business. That combination of commercial and defense is part of what sustains us in the long run. We were at west point recently where your company is loved because of the greatness of the machines but also because you made a commitment to hiring almost no other company can beat absolutely. We have great pride in serving our veterans relationship we have with west point and all the Service Academies is fantastic investing in future leaders, important part of the relationship hire a lot of veterans, more than 20,000 working for boeing and also think its important to invest in them to help with job transition, helping families and the communities. One of the biggest investment areas for our global giving. Veterans have done the hard work of our country and they deserve our respect. And your told says theyre the best hires, responsible, ontime capability. Bring values, integrity, character, ethic of hard work. Those veterans in the work force part of what makes our company who they are father told me, he was in pacific, saw zeros, shot by one. And he saw silver birds, b29s, he knew they were going to win the war. Is that the same thing with people in uniform in hostile places, see your helicopters happens today heard stories of the conflict in middle east and veterans doing hard work of the country and pinned down and hear the sound of apache helicopters coming over the hill, they know their lives are going to be saved. Part of what makes our business work all along boeing had a fabulous relationship with every party, every government, integral to the growth of the country and product. Tweet about air force one, how is president and working, Good Relationship . Seems to want to sell boeing planes overseas. Had a great relationship. Thing i love about president trump, hes focused on helping business succeed open communication lines, taking some actions to help us drive Economic Growth. Work on tax reform, Regulatory Reform is very important just having a seat at table is so important for Business Today as we think about what is going to benefit economy of the country, how are with he going to create great manufacturing jobs, thats our sweet spot. What we do as company. At the same time the administration has i think made it clear that the days when your competitors can just dump planes and wreck an industry, those days are over. You got it. We have to have fair competition. We love competition. It makes us better glad to compete any day. And confident when we play on level playing field, were going to win but important everyone plays by same rules administration is taking a firm stance on that as well important for global competition. When we play on level playing field, were going to win. Doesnt that equate to what it costs to make a real plane . Part of what we saw in the bombardier case is dumping into the u. S. Market. Were not afraid to compete. Love it but play by same deals. Delta deal. Airlines need more planes, dont they they do delta and airlines more broadly, great customers of ours. Ton of respect for them. Our job is provide value for our customers. Traffic growth around the world, passenger or cargo growth, our customers need new airplanes and capabilities were bringing new innovation to the marketplace. 707 max, dreamliner, 777x were working on for the future. When it comes to china, who does best . We do Great Company that produces game winning products around the world. China is important marketplace for us world needs 48,000 new airplanes over the next 20 years, more than 7,000 in china. Were competing there, great customers, important market for the future were going to take a break we have lots more to talk about, including exciting initiatives that people are not talking about at all that i think will redefine boeing. Be back in a moment. Were drowning in information. Where, in all of this, is the stuff that matters . The stakes are so high, your finances, your future. How do you solve this . You dont. You partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. Morgan stanley. Im here to talk to you about how at t gives you more. And so am i. Like how when you buy the amazing new iphone 8 you get another one on us. See we give you more phones and more spokespeople. Are you guys doing a spokesperson thing right now . Yes. Awesome, can i be in it . Well, its kind of like a twophone deal. So two spokespeople. Got it. K. Thanks. At t its time for more. Its time for more. Buy the amazing iphone 8 at at t and get a second one to gift, on us. [alarm beeps] let our your inner child at the lexus december to remember sales event. Lease the 2017 rx 350 for 399 month for 36 months. Experience amazing at your lexus dealer. We are the driven. The dedicated. The overachievers. We know our best investment is in ourselves. We dont take no for an answer. We fight for what we want. Even for the things that were once a given. Going to college. Buying a home. And not being in debt for it for the rest of our lives. But were only as strong as our community. Who inspires and pushes us to go further than we could ever go alone. Sofi. Get there sooner. Were back with Dennis Muilenburg ceo, chairman of boeing. Who is going to get man on mars first . You or elon musk we are. Were working on rocket with nasa space launch system. 36 stories tall. In final assembly right now, down near new orleans first test shot 2019 slingshot around the moon and eventually go to mars. Firmly believe first person to set foot on mars will be on a boeing rocket. Youre ramping this. Start flying late this decade and hopeful for mission to mars in next decade put this in context mr. Musk thinks this is a layup for him. You have the same confidence that Jim Mcinerney had, everyone worried that dreamliner wouldnt get off the ground i hear nothing but its going to be you. We do complex things. You need a new airplane to connect the world, we do that. International space station, putting it in orbit, weve done it we change the world. Little outfit, Aurora Flight Services that reminds me of Autonomous Cars and great things were seeing great wave of energy into Autonomous Systems developed for defense customers, all the way from space, x37, to drone that operate for military to underwater, unmanned submarines working on that range of Products Energy going into Autonomous Vehicles is very significant expect to continue to invest there. Aurora is an example you have r d budgets of 6 million not many have that can you hire the right people in dont they want to go to facebook and google . We attract talent great business, im biased but we have greatest country in the world, building most Amazing Products we invest heavily in r d investing more than 6 million again next year. Hopeful as tax reform comes through, crank it up even further. Part of what attracts talent to boeing is working on most Amazing Products in the world. Ethereal issues why think the stock could go to 4,000 without a problem. Youre doing things to derisk the company that i like. After market sector, Global Services every day you have a huge amount of business. We have tremendous business growing service from 15 billion a year to target of 50 billion a year over the next five to ten years. After market support is important part of the Growth Engine for the future. Also investing internally, process efficiency, automation in the systems allows us to invest in the future when we look at boeing versus airbus Jim Mcinerney, is it harvard versus yale . No its more put this in context. Win this big order but seems like everything is tipped. Winning on ability to make the best aircraft. Were doing well. Its tough competition airbus is tough and respected competitor in the narrow body marketplace about 50 50. Were winning in wide body but we cant slow down competitive. Aerospace is attractive Global Market attracting more competitors as result always stay on leading edge. Cant rest, invest in innovation, drive productivity i have great confidence in our team not going to slow down i told people i was going to interview everybody is excited about boeing national icon. First of all, can they make a plane that gets me to london in an hour . Talking about Japan Airlines investing 10 million to do that second i like lot of room in the plane, why does everybody like the narrow body . What is the mystique were working on innovations. Look at passenger comfort, and subsonic airplanes, 787 dreamliner on a long global flight get off feeling better because of the environment but also next generation high speed airlines someday go anywhere in the world in two hours. You think so . I do. Not that far away. Mr. Mcinerney told me may not be demand for that price point, ill pay. Its economics. Smaller marketplace but will make it economically feasible. Think someday have low earth orbit space trafrl business that will be viable not that far away. And ultimately take space travel to mars. Its expanding marketplace i hear this term space taxi i dont know whether to believe it hail a plane for a lot of money to go where i want in the universe were Building Space taxi cst starliner to take astronauts to the space station first flight next year create low earth orbit space taxi capability. I think in thefuture see space travel to moon and mars, still a ways out there lot of work to do. But part of what excites us about the future keeps driving innovation in the little time we have left, talk about the steward of what may be most Important Company we have at this time. We have a lot of respect for boeing, more than 100 years old. Last year celebrated centennial, looked back on the history and proud heritage of the company. Even more allows us to look forward to the future. We realize boeing has impact on our country and world. Thats a role we have to respect, nurture and continue to grow we work on things that really matter and peoples lives depend on it. We have to drive it with sense of excellence. Thats part of boeing dna. Part of what makes the company great. Gets back to our talent, people, amazing innovators who have innovated for a century. Think about what is going to happen in next century, i think well be amazed. Dennis, honored you sat down with mad money to talk about what may be best we have, boeing appreciate that, great to see you. Dennis muilenburg, Great Company and because its mad money, great stock. Stay with cramer it is time time for the lightning round and then its over are you ready skeedaddies george in california caller hey, looking for information on Energy Transfer partners. I hope looking for information, not when to pull the trigger. Worst in show. Cant stand it hurting whole group. So big, pulls down stay away. Brian in florida caller hey jim, booyah to ya booyah caller [ inaudible ]. Drug doing for depression another company with competitive botox. Doesnt matter this stock is oneway stock. It is antibitcoin. Lets go to george in michigan caller yeah. George in michigan, calling about jentex im okay on it. Does vision safety good area. Endorse it lot of the moves occurred. Burt in new york, new york caller hi jim, bert in new york thanks for taking call first data had a crummy quarter. Not happy with it at all think ceo should come on company is stalled i liked it right now feeling awful wrong about fdc. Kathy in texas caller booyah do you know how to say booyah in spanish how would you caller booyah genuine home opinion is wisdom mtz. I really like that. Utility upgrade at time of all these hurricanes, wise idea. Booyah in spanish michael in connecticut caller hello love your books. Calling about atmos energy its one of my favorites. Distributes natural gas, doing great job. Stay long with mike in pennsylvania caller Booyah Booyah pittsburgh or philadelphia philly, pa, home of the future super bowl champion philadelphia eagles. Smartest caller weve ever had. Caller 10,000 shares of cisco ive owned 25 years . Hold on to cisco and philadelphia eagles. And that ladies and gentlemen is conclusion of the lightning round. Announcer sponsored by Td Ameritrade no, im talking before that. Do you have things you want to do before you retire . Oh yeah sure. Ok, like what . But i thought we were supposed to be talking about investing for retirement . Were absolutely doing that. But theres no law you cant make the most of today. What do you want to do . Id really like to run with the bulls. Wow. Yea. Hope youre fast. I am. Get a portfolio that works for you now and as your needs change. Investment Management Services from Td Ameritrade. We are the driven. The dedicated. The overachievers. We know our best investment is in ourselves. We dont take no for an answer. We fight for what we want. Even for the things that were once a given. Going to college. Buying a home. And not being in debt for it for the rest of our lives. But were only as strong as our community. Who inspires and pushes us to go further than we could ever go alone. Sofi. Get there sooner. With all the uncertainty and suspicions rounding bitcoin, lets switch gears to talk about something much more certain. Being diversified is one of the most important rules to invest by no matter what the market looks like, cant count on one stock or sector. Dont put yourself in position suffering major losses reason we play am i diversified . Even though on twitter want me to play am i bitcoin. Give me a call i let you know if its diversified enough or blow the whistle. Tweet from one of my absolute favorite tweet friends and man involved with idea i should change to bitcoin. Marty says apple, j j, waste management, mastercard, rpm. Am i diversified marty is so smart. Waste management doing so well apple, own dont trade tech, related to construction. Mastercard is Great Company. Rpm. Its housing play. J j, drug company. Marty, you need to do absolutely nothing. Im jealous, my Charitable Trust should own mastercard. Breathtakingly good. But i would throw it all in for bitcoin, if it werent for the fact that i went to college. Or secondary school, or kindergarten steve in california. Booyah from redondo beach. Ever get cold and nasty there . No. Caller never jim my wife and i are extremely grateful for you thank you i appreciate that. You do it, dont know that people like it terrific when anyone says it thank you. Caller lime glad two part am i diversified question for you first part, weighting stocks is it by number of shares you have or dollar amount theyre worth i have three shares of Intuitive Surgical 55 shares of blackstone but dollar is roughly the same and second part its a great question i use dollar amount. Some people have a different view im convinced that dollar is best way lets go to work caller adobe, ali baba, boeing, blackstone and Intuitive Surgical whats the deal with all the fabulous stocks today . Intuitive surgical, blackstone, boeing, Iconic Company weve addressed today. Ali baba is terrific chinese retail, and adobe, i talked about in action club call. How could my trust have sold it . Tech, aerospace, finance, med and retail and its. Hallelujah. And notice no one said im all in bitcoin, smarter than you. That was easy stick with cramer i just finished months of chemo. But i dont want to talk about months. I want to talk about years. Treatments have gotten better, so. Im hoping for good years ahead. Thats thanks to Research Funded by the American Cancer Society. The same folks giving me free rides to treatment, insurance advice,and a place to stay during chemo. I need that stuff like you dont know. And now that you do, please give at cancer. Org your bbut as you get older,ing. It naturally begins to change, causing a lack of sharpness, or even trouble with recall. Thankfully, the breakthrough in prevagen helps your brain and actually improves memory. The secret is an ingredient originally discovered. In jellyfish. In clinical trials, prevagen has been shown to improve shortterm memory. Prevagen. The name to remember. Interviewed two ceos today ceo of lululemon and m mr. Muilenburg, ceo of boeing. I think both those stocks will continue to work higher. Boeing has a multiyear path toward earnings and lulu had First Quarter where im seeing the kind of breakout that i expected a year ago. Great retailer andaerospace company that really are going to work, maybe for years. Always a bull market somewhere, promise to find it just for you here at mad money, im jim cramer, see you tomorrow welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. If they hear a great idea, theyll invest their own money or fight each other for a deal. This is shark tank. Is a grownup version of a childhood favorite. Whoo herjavec cool. Corcoran wow. [ chuckles ] that just happened. Sharks, my name is tyler hadzicki, my company is leaux racing trikes, and im here today seeking 120,000 in exchange for 20 of my company