Transcripts For KTIV Mad Money 20151014

Tells me we are due for some pain. The house of pain. Before i explain my reliance on this darned oscillator, let me break down what i saw. Its inextricably late to several inputsts. Stocks intend tend to go pie higher if we have three circumstances a weaker dollar, higher oil and stronger chinese stock market. I may not necessarily agree that these should cause a raleigh. I think higher oils mean lower personal save,s lower personal consumption, higher cost for most businesses, only 10 directly benefits from a more expensive e oup. It doesnt matter what i think, though. Right now the correlation between higher oil and higher stock prices is so ingrained its not even worth the intellect why will cbat. When oil was flying high today, you know, you had a decentlooking market, but it sold off. Turned the tape into the red. Was incredible. We know that the chinese stock market has been manipulated higher by their government. It shouldnt matter at all, right . But again i dont determine these thing. Trader tend to want to buy the weaker dollar as a positive actually makes total sense to me, because the earnings of u. S. Based International Companies are crimped, as my friend scott wapnenepointed out halftime, now invesesrs seem to be willing totoxcuse sales, and thats how the symptom of Johnson Johnson could kind of hang in there, despite deliver a huge decline in sales, versus last year, when it reported this morning. Its true also that j j announced a buyback, but they overlooked the weakness caused by the stronger strengng, looked through it and determined that the sales werent merely as bad as the headline number. Go down, profits would soar. Thats just a fact of life. Its why ultimately the greenback matters enormous oy will the overall trajectory, but it doesnt matter today. When they were all flashing green as they were at one point, why dont you say any weakness is a buying do you know. Why not urge people to guy stocks, knowing they have the proverbial threeproed wind at their back. The st. And poors oscillator. Thats why. For 28 years ive gone over the charts every week. First when they were handdelivered it to my house, i loved it that way, but now because im in the digital way, electronic loy. Theyre sent t tme from the s p. I treasure them. M. They give me idede. They allow me to make a mental picture of whats going on. Theyre look an old pair the wing tips. For the price of a subscription of the oscillator. We know the averages have been strong for days on end. Ive watched it go up and up and up every nightht and then there are levels when i just say enough. If you havent bought anything, dont do it now. The levels where that extra warning goes out is when the oscillator goes to plus ten. Guess what . That is the number the oscillator hit last night after the close. Consider it the equivalent of e danger zone. And line kenny loggins, i would rather avoid the highway to the danger zone. I know from twitter followers, if the market continues to go higher, the callcallers will write and say you kept me out of the best rally in years, theyll character assassinate me, make has never done anything right. And i would be better off if i ran into chase utleys spikes. Even though it was is almost an exercise in futility. I had kind of a religious twitter experience when i visited my daughter in oregon. First, i block any twitter troll. She says why not thank people and tell them they are terrific . I was growing tired of twitter, but our guidance in the big mpany, theyve changng my attitude. Im even periscoping before the show, to give you a flavor of what youre about to see. By the way, you could see she be spray painted tonight while i talk about the show, kind of a pregame. So why not debate people if you get a real rally while calling you an idiot. Simple . I only know what my discipline tells me. Sure thererere instances when i i continued d make money buying it seems too juicy. One that will most likely require the combination of the asset stakes, and moulsen coors is the logical buyer, or you may not catch a possible merger or better than expected intel quarter. I can see getting blame for missing these moves and hundreds of others like them and the smiley faces with the sun glasses may not cut t however the majority of the stock performs ive made, when the oscillator exceeds 10 have been met not with terrific gains but with tears. [ crying ] not long after. Histstically the risk has s en way y o high and the rewarartoo low. Things j jt tend to go wrong when wering this overbought. Even when stocks have been hammonder relentlessly and are actually oversold. The biotechs will still go lower lets say i would be buying a drug stock, then the democrats trash the pharmaceutical industry, and then you come in was i thinking . And someone will some analysts will downgrgre it. Thinking were at a nice level, and then a bad earnings report. These things just tend to happen, and given how overbought the market is, they tend to be more severe than if the stocks had already been pounded. I know the oscillator is add on the with the inputs, you may think it should be weighed, given the stock market. The finishes ithe green, but the bottom line in this discipline and the show trumps my conviction. While i have tremendous conviction, which would mean you should be buying high quality stocks, my discipline never says hold off, because a better lower mark either goes lower or works off its oversold condition by doing nothing for the next ten day, i say its s me to sit on the e delines, yes, maybe even take some profits, at least until the oscillator drops back to more reasonable, less stretched levels. Why dont we start with adam in massachusetts. Adam . Caller booyah from massachusetts, jim. How are you, adam . Caller im all right. Ive bmr stock for years, its considered capital gains. As you probabay know blackstone is purchasasg the company, and the stock shot up and has since flatlined. Moves a penny theyre, a penny there. Pays a decent dividend. Should i just hold on to it . No, i want you to ring the register. You have the good gain. Lets just move on and congratulations. Philip to my home state in new jersey. Please, philip. Philip. Caller the bebe analyst hanks very much. Were going to hang together in what will be the tough market over the next few days. Whats up . Well, i got that nice compliment, philip, now you can actually i think fill for don in ohio. Caller aloha cramer. Mahalo, partner. Aller exxon mobil, i bought it at 81. Good gift, 3. 68. Is it a hold . Buy more or should i go surfing . Hold right here, buy at 74. I think tech go as we retest the 33, 35 level, where i want people to be a buyer. I think this is a market thats very overbought. Buy on the way down. Dave . Caller professor cramer and the wife, none better. The wife insisted the ribs she made be called the wifes ribs and no longer cramers none better. I taye issue with that, but she doesnt watch the show, and i dont think her friends watch it, so i can say what i want. Go ahead, dave. I dispensed priceless information to philip and dave. Phillips in new jersey is back. Philip. Caller dr. Cramer, the best finish analyst on the planet. Love the books, thank you so much for your advice, i look forward to watch you you every day. This is a crazy, volatile markets. The stocking are up and down. Im a longterm investor, but i own budweiser atatt 1ish, and the stock has tanked since then, and now they made the merger. I was terested in buying more stock know, as the market comes down, i would buy. This is a great for bud, a great deal for moulsen. When consolation got the gift, the stock went from 30 anyway, sure i believe that things are pretty positive, by my discipline e ys ute youve got to wait now. W. A lower level is coming. Mad money in the wake of yesterdays nasty pullbackhat continued today, im teakling the technicals. And then everybody is talking about the weak data out of china. Im revealing just ahead. Plus the Biotech Sector has struggling, but the window hand closed completely. Im eyeing new companies to see if opporornities could be knockingng why dont you stick with cramer. Dont my a second of mad follow jimcramer on twitter, send him as email, or give us a miss something in head to. Weve got to talk oil. With the price of oil seemingly finding footage in the high 40s, after a roller coaster ride, we need to ask ourself where crude might be hiding next. Has been a major driver of the epic rally in our stock market, one that many people think ended today, but lets see. Its imperative that we get a sense of where oil is going. Thats why tonight were going f the charts. We want to put the oil market in perspective. Carly garner is a brilliant technician, cofounder of the and also used to be my colleague. Garner correctly predicted the big swoon down, and they should at the beginning of september she actively called for a sustained rumsfeldly. Shes got the best track record i know when it comes to texas tea. Remember its been down for two straight day, you just cant stop talking about the oil supply glut, b in garnerss view, what they focus are on are not exactly new. Everybody knew that opec would they could. In energyindependent america is not in their interests. Its not like the weaknessssn the chinese economy is shocking, eitherer the path v least resistance for crude is likely to be higher. Her reasoning . Check out this weekly chart of west it can it can intermediate crude top of the commissions weekly c. O. T. , or commitment of traders numbers. It tells you exactly how the Major Players are betting ininhe oil futures market. It buys buyers and sellers into al energy companies, simply using the futures as a hedge by selling futures, small speculators mean home gamers, then the group we really carry about the large speculators, meaning the big institutional Money Managers that tend to drive markets every single day. It allows garner to make some fabulous calls. What can she glean from this chart . Very intererting. Athe moment, garner says the commitments of traders numbers do not paint a clear picture. Remember were looking for the large spec. In fast she says most people would read this as rather mutual. A neutrallooking chart at a time when most experts seem to believe the fundamentals are downright negative suggest to garner the smart money is resisiing the more importataly the bulls have a lot of amamnition to buy. They are net long roughly 300,000 contracts. Thats what youre looking at. Now, the price of oil tends to be near peak when this number are too bullish, and theres nowhere left to go but down. Because it means theres no one left to sell. This current number, its kind of somewhere in the middle. When the price of oil got crushed at thehend of august, oak . The big boys had a net long position of 200,000 contracts. Thats the early one. Right here. 200,000 contracts. When the price of oil peaked last year this is this other one. When it peaked, they had 500,000. When it bottomed they owned very little, okay . Right there, they owned little, and when it peaked, they owned a lot. Thats why garner like thi current number. On the other hand it means a big liquidation is very unlikely. For that to hahaen, they would have like they do here than they do now. At the same time we also know the big Institutional Investors still have a lot of money on the sidelines or betting against the price of oil. For garner thats a positive. It means they have plenty of cash they can put to work buying oil if they want to. In other words, any oil rally would have that means to me catch buyers, not sellers. What make garner thihi they will want to buy oil . Take a look at the weekly chart. Lately oil has been bumping up against a pretty strong ceiling of resistance at this 50 level, okay . Not only is 50 per barrel a powerful psychological barrel, garner also says its a critical Inflection Point that means the price of oil can break out above 50, it will also be breaking the negative trere that has controlled the actiohere in oil for well over a year, which garner thinking would lead to t just a rally, but a monumental rally. On the other hand if oil cant wouldnt be surprised if it pulls back and retests for support at the 40 level. She thinking its more likely oil will break out to the up side. It only needs to move up two bucks and change to cross the 50 threshold. Plus garner points out that oil remain both the relevant strength index and the cillator are sittingngight any never, theres no reason that the recent rally cant continue. If oil does break out, she thinking at that point its entirely possible the short sellers will throw in the towel. In other words, garner is pretty darn sanguine about the price. But because oil is so important in this market and because its such a bullish view, i think s crucial we get onother view here. Hence we also checked in with carolyn verland, runs fibonacci queen, that website. Possibly representing a very real bottom and her longterm view is pretty positive. She also sees oil evevtually warrickiki back to 70, even 6060 but the word she used for me when i was asking about this move is eventually. So pull that in all caps or quotes, boroden thinkinghit might be moref to become cautious. Take a look at this daily chart of west texas crude. Boroden is running it through the fibonacci ratios. Or 100 to idedeify key levels theres a big cluster of these levels to 76, to 52. 21. These are going to act as a powerful level of resistance. She thinking it will be hard to get through. Borodens methods covers time. The could have changed the trajectory between last thursday and yesterday, meaning they last two days are very significant, plus she also notes that last big rally lasted for 34 days, okay . And so far its been 33 traden days since oil bottomed back on the 24th, anher sign the recent rally remember, she matches these moves is, well, let say concluding and yesterday and todays reversal were very significant days. She thinking it could come back down. Either way, the bottom line, thinking it could go higher. And remember garn are called the top, garner called the bottom, and garner says it goes higher. Much more mad money is ahead s let me reveal the crude truth about the sectors, which plays could be worth considering. And 34 Public Companies debuted on the Public Market in the third quarter. Could it be worth eyeing some freshfaced companies . We had a good call last week. Im going to give you my take. And its time to s sp doubting thehearned Chinese Consumer. Ill have a verygainst the grain view, so stick with cramer. Daves been working on his game, morning double bogie. Hey, three putt. And starting each day with a delicious bowl of heart healthy kelloggs raisin bran. Hows your cereal . Sweet tastes like winning. How would you know what winning tastes like . Dave loves the two scoops and that kelloggs raisin bran is one more step towards a healthy tomorrow. You eat slower than you play. Youre in a hurry to lose, huh . Oh, ok invest in your heart health, with kelloggs raisin bran. No cryryg today. I know blowdrying fries my hair, but im never gonna stop. Because now ive got pantene shampoo and conditioner the prov formula locks moisture inside my hair and the damage from 100 blowdries is gone. Pantene. Strong is beautiful. Now theres a new way to stay tru to your health. New trubiotics with immune support advantage. This advanced formula combines probiotics with the power of antioxidants to support your immune health in two ways. Trubiotics from one a day. Mary gets her bounce on. Wow mary, is like, every mom from the neighborhood here . Look at them all. judgie. See . You are looking good using bounce dryer sheets is paying off. Your clothes have fewer wrinkles, and static cling. Aint bringing you down. Oh and look, its that ms. Brookethinksshesallthat andabagofchips. Good thing you brought your agame. Your agame. Bounce, the 4 in 1 dryer sheet. Ovov the past couple weeee someththg incredible has happened. The most hatat group in the market has transnsrmed to the most loved. Thats happened all over the place, but particularly to the oil complex. As i told you before the break, some of our best technicians believe the price of crude could still be headed higher, perhaps a lot higher, though one said we had to do some backic and filling, which i think is probably right. Thats why you need some oil exposures oil goes down. Im going to be highlighting my next move up. However, considering all of the recent turmoil, where many of the more highly leveraged seem to be standing on the brink. Its important that we be picky when it comes to buying stocks in the energy sector. We want to if something goes wrong, no, instead we move for high Quality Energy companies to at least sleep at night. My Energy Transfer partners, and i reiterate that ept is a terrific stock to buy as i expect the market goes lower. What other Energy Stocks are worth owns, in other words, that kind of t tdes with it, let me recommend o o. Y. There gives you a nice stream of income and real downside lower. It tracks better, inclusion exxon, chevron, all those. Now, one of the things i like about this is that dividend. A dividend makes owns this company seem much less daunting. Its my highyield play, which is why its one of the large positions in my charitial trust, which you can follow the moves up, and ive been doing plenty of b bletins about the bococ when i tell you i like oxy, please dont take it as a reason to buy any oilrelated company with a big fad yield. Not auld dividends are created equally. Remember, a high yield can be a red flag, because it signals investors no longer can conlinue pays the different and may have to cut or eliminate its dividend entirely. Thats something you really have to keep in mind in the oil space, where so Many Companies have stressed is balance sheets. Im trying to pick the ones that wont get her that balananly. If youre picking a dividend stock, especially in the oil pass, you cant just look at the yield, you have to figure out whether or not the dividend is solid. When it comes to occidental petroleum, you get a yield which i feel is pretty secure. Remember, again, because the market is as overbought as i have seen it in ages, im not say buy buy buy, im saying right now or else, and, you know, then put a gun to the head wheres my gun . You get the point, right . Or put some benadryl to your head. Im saying as oxycomes down, i will like it more and more. All right . Im not ringing the bell. Im just saying i like oxy on the way down. So lets think deeper into this story. Occidental falls into the sweet spot between the and the smaller independents with higher growth, but weaker balance sheets. With oxy i think you get the beth of both worse, and an owl producer with a consistent dividend. A pretty darn low debt to capitalization ratio, and some are so high its scary to look at. Even after all the drag about the price of oil had 5. 1 billion in cash and equivalents. In other words, this is not one of those overstretched oils you hear people talking about. Far from it. Occidental has a Clear Strategy to deal with the current low pry environment. It plans to rally around the best assets. This decision to focus on the permian, which is by far the why occidental brilliantly espn off the california assets as California Resources back in december of last year when people thought oil was going to go back to 100. That spinoff is looking at a pretty darn savvy move. Debuted at 8 and has since nearly been cut in half. Thanks to that spinoff, its up with the only high quality assets as well as holds in the middle east and latinamerican, theyre able to cheaply produce significant quantities. The permian in particular is an absolute gold mine. And the companys Infrastructure Investments allow it to produce lots of oil with very low operating costs, and you add the infrastructure, take it right to where oil needs to be, this is very significant. Oxy is incredibly shareholders friendly. It raisedsh for the past 15 consecutive years. Quarterly pay jot. You see all these guys cut it, they increased. What does that tell you about their confidence . I consider that a win. Think about it. They havent even as the price of crude has been more that cut in ha of from last years high hallelujah and over the past sick quarters alone it repurchased anout standing 4 of the shares. These gees are ready for declining oil prices, and we know they upped their buyback. I be we hear the continued buyback stock lining crazy given the shares hilt a mull year low. They buy at the top. Theyre buying in here. I like that. Finally while occidental is far from the cheapest, i think its fairly valued. On an enterprise multiwall basis, and a decent size discount, even as their dividends are paltry. Portfolio that i like so much. The bottom line if you want a relatively safe oil stock with a juicy yield thats indeed linked to the price of crude, i want you to look no further than oxy. The best balance sheet, the best assets and the most shareholder friendly agenda. They saw it coming. Its worth now into the weakness i expect from this overbought market and the declines im expecting it to give to you. Why do dont we take calls . Jonathan in massachusetts . Caller hi, jim. Im a patriots fan and jim cramer fan. This is jonathan kraft, the owner of the patriots. Caller oh, i wish. Whatever. Caller heres my how come dyn and nrg are traded for 2, while most analysts say they should tray 40. How tum theres such a huge discrepancy . The analysts want growth wherever they can find it. When i look at a utility. I dont want growth. I want safety. Thats why i like dominion, coned, thats week eap i dont want a fastgrowing utility. I want a utility that allows me to sleep at night. You know how hard it is for me to sleep . Jonathan kraft is the son of the owner robert kravrkts bud i regard jonathan, and hes a friends of the show and he gave me a patriots jersey. Perhaps the spell could be coming ton to an end. More than most of the majors, i dont want you to think any further than occidental. I think things are coming down. Much more mad money ahead, though the Biotech Sector remains our favor, is it time to look for other spots in the space . Dont make a move until you hear my take. Theres been a lot of talk about china. Are the countrys consumers doing better . Im sticking my neck out. I like that. Your calls, rapid fire in todays rendition of the super with cramer. Even though the biotech cohort remains very much out of favor in the wall street show, right now. Bear market, were once again seeing a wave of biotech ipos. The average has rebounded dramatically from just a few week action, so maybe people feel like there will be an appear tide. Remember that novo cure, which is rapidly rallied a dozens points, could be another 7 gain, im thrilled with that gain, i hope you call it, but im not now in nochase mode, so if you missed it, you missed it. And even some of the better ones are simply too risky to own, where the market seems to shun growth, and thats why tonight i want to update you on a couple new ipos so that you know what to look for and what to avoid. This jumped to 1240 at the end of the first day, and really hasnt done much. Its a very early stage biotech thats pioneers a platform called we know that cancer immunotherapy is exciting. Norms they therapeutic drugs are still designed to go after antigen in cancer cells and which can cause some unfortunate side effects, though nowhere knee as bad as what you would expect, but if thats the ultimate targeting cancer treatment. In other words the platform could make all sorts of novel drugs more effective. Hence why this company has big partners of bristolmyers and pfizer. Exciting technology, but right now thats about all. The prep line is even calling it a pipeline seems like a stretch here. Everything is preclinical. Thats just too risky for this guy. It certainly has promise, but heres the problem. This therapy is so early stage that the company hasnt even filed an investigational new drug application with the fda. Thats expected in the second half. Cytomx cant move to Clinical Trials until they get that clearance, then it has to go through years of testing. Thats their lead drug. In short, they may have an intriguing technology, but this company may bess the most developmental of the companies that have come public this year. Look, im not saying this Companys Technology wont be a game changer, but the truth is we really dont know enough until the Clinical Trials start, and for now its more of a lottery ticket. Its only for true risk takers, younger people who walely want to roll the dice . I dont know. But stonebridge biopharma, coming public this week, ticker sbbp. Now strongbridge is for this cussed on creating therapies for rare orphan diseases. The lead drug is one for curbings disease, usually called by a benign tumor on the pituitary, that can lease to heart disease, suppression, and cognitive nflsh there happened to be a whole episode of house that had cushings disease. This could be fabulous. The data so far states that its safer and unlike where its preclinical stonebridges lead drug is currently in face 3, expected to filed for approval in 2017. This is the kind of orphan drug over drug pricing actually has a real impact on the industry, because both sides acknowledge these Rare Diseases have to have drugs that are super expensive or else they wouldnt exist and no drug company would try. Even when the democrats bash drugs, remember they came up with the orphan designation. Stone did this bridge has two treatments in face 2 trials. They seem promising. Strongbridge is exactly the kind of Development Stage biotech that i think you should speculate on. I think it would be though given how bad this market has been, dont get, or even, it doesnt hold the print price, in fact i would like you to buy more, in this environment, we know that any freshfaced biocould be given how the market currently despise it is, you have to be careful. Thats st. , had hasnt even started Clinical Trials, but a company like strongbridge has an exciting orphan drug in phase 3, thats a different story, which is why i like it ahead of the companys ipo later this week. Mad money is after the break. Walk because of a saggy diaper its time to dance freely thanks to new pampers cruisers the first and only diaper that helps distribute wetness evenly into three extra absorb channels. So it stays drier and doesnt sag like other diapers so wiggle it jiggle it love, sleep and play. Pampers its the final countdown the final countdown if youre the band europe, you love a final countdown. Its what you do. If you want to save fifteen percent or more on car insurance, you switch to geico. It is a time for the lightning round. Rapidfire calls, i say sell or buy, and then the lightning round is over. Are you ready, skeedaddy . Time for the lightning round. Start with bill in pennsylvania. Caller mr. Cramer, thank you for taking my call. Questions on bng foods. I really like bng foods after that acquisition of the green giant. The stock has not come in. I think thats a mistake in this kind of market, lots of storks are coming in, when that gets at 33, 34, pull the trigger. David in nevada. David . Caller thank you for all the great advise. Thank you, david. Caller ive been a long time supporter of whole foods, being im from austin, texas originally. And im just wondering whats in whole foods, this might be the last bad quarter, so down side and much more up side, so wait until the quarter, because i think its its not going to be good, and then i think. Christy in florida . Caller jim, calling from satellite beach, florida. What about conforma . A lot of studies show this is the absolutely the best, made to order parts for your body. I continue to think that it has good opportunities, but remember were in a tough market for that kind of stock. Bruce in illinois, please. Caller how are you doing, jim . All right. How are you . Caller great. From the chicago area, glenview, illinois. Excellent. Caller i have a question for you. I dont know how i came across it, but a stock called stone more partners. Yes, this is a stock thats a cemetery stock, basically. I have liked it. It has a good yield. Shawn . Caller yes, myhigh ski country booyah. A broncos defense booyah. Caller my question is in regard to no this is a regular the regular drug stock. I want you to swap out of that and go into eli lilly under 80, because of what they have with diabetes drugs. Janet in california, janet . Caller hi, jim. I just want to let you know you put a smile on my face in the morning and at night. What do you think about im sorry. I missed that. Caller d. A. T. A. This company is doing incredibly well, but its regarded as being way too expensive, so therefore were going to say that discipline were going to let it come down. That, ladies and gentlemen, is the conclusion of the lightning round. The lightning round is sponsored by td ameritrade. Looks like we have some sort of sea monster in the water hazard here. I believe thats a kraken, bruce. It looks like hes going to go with a nine iron. That may not be enough club. Well hes definitely going to lose a stroke on this hole. If youre a golf commentator, you whisper. Its what you do. If you want to save fifteen percent or more on car insurance, you switch to geico. Its what you do. This golf course is electric. Americans. We try to live healthy. But many of us dont know there are nutrients that can help support our metabolism. Take new one a day healthy metabolism support multivitamin with chromium to help use carbs from food and bvitamins to helpconvert food to fuel. One a day. Im lucky to get through a shift without a disaster. My bargain detergent couldnt keep up. So i switched to tide pods. Theyre super concentrated so i get a better clean. 15 cleaning ingredients or 90 . Dont pay for water, pay for clean. Thats my tide. Bring us your aching and sleep deprived. Bring us those who want to feel well rested. Aleve pm. The only one to combine a sleep aid. Plus the 12 hour pain relieving strength of aleve. Be a morning person again with aleve pm. I know blowdrying fries my hair, but im never gonna stop. Because now ive got pantene shampoo and conditioner the prov formula locks moisture inside my hair and the damage from 100 blowdries is gone. Pantene. Strong is beautiful. Oh. Uh, hi. The next time you get the latest video game, give the old one away. Youve already played it, like, a million times. Youll not only make someone else happy, youll make the earth happy too. The more you know. Everyones talking about the weak data out of china. As an explanation for the markets hideous initial decline this morning, i think thats just plain wrong. There are two sets of chinese numbers, some weak ones involving imports and some stronger ones covering exports. Make no mistake chinese imports, they are horrendous. Down an astounding 20 , but the exports were down just 3 , which makes sense. First we have to ask ourselves, is it a shock that imports are down . Isnt that what this index im always talking measures bulk shipments around the world, but principally china. With its descent from 1,000 to 800 . Isnt that what the copper are saying . That important numberant ref pell atorrie at all . This morning weve got what ive been waiting for that no one talked about at all, a resumption in rising car sales. After a threemonth decline, thats right ought os sales nicked 3. 3 from a year earlier and now 1. 75 million a month, needs. I mean, did you see that video of the 50lane traffic jam . Im never going to claim about the gw again. Thats one tough merger. You could say the consumers reacting to the governments decision to cut the sales tax on small cars from 10 to 5 , still, i dont care. This shows that the stabilization is now starting to put the Chinese Consumer in a better mood. Go from here the house of pain. To here. The house of pleasure. Entirely different address. We do know that car sales have been hit hard, that made us feel like the weakness was matched by a falters consumers. Now you have to ask yourself, if china is so bad, why is the chinese stock market been able to hold above that key 3,000 level. It rallied again last night. It to do down, about you if things were as desire as that index number suggests, maybe they would be down harder. Ive been saying that some of the commodity producers have begun to blink recognizing, weve seen cut democrat backs in copper, some kinds of paper, zinc, too. I would want to be the demand side pick up. However, one thing is certain if. If china were annoy a major seer considerable and concomitant rebound. To be sure, decline in chinese xwoerts means expanding margins for pretty much every company that uses these materials. Whats most important is the recognition that the damage from chinas stock market crash, it seems to be running its course. I dont know when the communist party will stop prop up stocks. However, i do know if youve been stuck, youve been getting a terrific chance to sell. Unless you bought from january to june, which is really that terrible peak, you could probably by sitting on pretty big gains and youre taking them. For the first time in ages, at least the first part of the news is good news. No one even wants to talk about it. I dont mind. I got in early on the european turn. Now im thinking the same thing about the Chinese Consumer. Thats fabulous news for the global economy. Stick with cramer. Most ribs eaten while calf roping. Yep, greatness deserves recognition. You got any trophies, cowboy . Whoomp there it is uh, yeah. Well, uh, well theres this one. Best insurance mobile app . Yeah, two years in a row. Well ill be. Does that thing just follow you around . Like a little puppy the awardwinning geico app. Download it today. Theres a more enjoyable way to get your fiber. Try phillips fiber good gummies plus energy support. Its a new fiber supplement that helps support regularity and includes b vitamins to help convert food to energy. Mmmmm, these are good nice work, phillips the tasty side of fiber, from phillips. Im lucky to get through a shift without a disaster. My bargain detergent couldnt keep up. So i switched to tide pods. Theyre super concentrated so i get a better clean. 15 cleaning ingredients or 90 . Dont pay for water, pay for clean. When a market is too overbought, youll get news like intel other jpmorgan, but jpmorgan news wont be good and the stock will really get hammered. Thats why im telling you, we have to wait. If if you want to do profittaking thats nine, but weve come too far too fast. Remember my series, we dont think oil will go back to the 30s. Were very overbought. I like to say theres always a bull market somewhere. I promise to try to find it for you