hi, i m cramer. cramer. cramer. cramer. welcome to mad money. other people want to make friends. remember that? i just want to make you money. money. money. money. money. for the past eight years, my job has and continues to be not just to entertain you but to educate you. so on this fabulous eighth anniversary of mad money, i want you to continue to call me at 1-800-743-cnbc. welcome to the eighth anniversary edition of mad money. not a great day for an anniversary although the dow broke its winning streak. i ll be unabashed about it. sinking 25 points. nasdaq declining i realized regular people that play this game needed help. you needed guidance from someone impartial who wasn t after your fees, didn t want your commissions. in short, you needed an investing coach. i ve been trying to fill that role every night five nights a week ever since. so tonight to mark the show s fantastic eighth anniversary, we re going to do the exact same thing we always do, help you tr
it s all ahead on the eighth anniversary edition of mad money. okay, it is time for the buck stops here. the final word from the fx market. todd, kick it off for us. you have to go long the irish on st. paddy s day. no, just kidding. i m long euro right now. i m long the australian dollar. i think those employment numbers were a blowout. i think we re in this dollar weakening phase gun. not wearing the green for nothing, todd. b.k.? again, love the euro trade. i think there s a catalyst coming in this week. not only, like andy said, you could get a surprise out of italy, but say they don t form a government. a government, i again think that makes the euro closer to becoming the german deutsche bank. and i like to hopefully get you into the position or out on wednesday or thursday when you get better than expected pmi numbers. amelia. i m sure it s sterling and me gusta like todd. happy st. paddy s day. indeed. that s it for money in motion. thank you so much
nasdaq rising iing 2.5%. but the common reframe over the last week is stunning, remarkable. the operative term for this rally is bogus as in the rally is one gigantic bogusity about to unravel at any second or even started unraveling today if they are willing to acknowledge there s been a rally at all. since most of the people who watch this show own stocks and are decidedly not professional short sellers, i m sure you re wondering how could any rally be hated? what s the deal? why not embrace higher prices and celebrate? why not get in rather than disit from the sidelines? when stocks go up what the heck is not to like let alone actually despise? maybe we ought to spend some time analyzing this. this point of view i keep hearing simply because it will enliten you. this used to plague me and hurt my performance and made me not make a lot of money until i realized how the stock market really works. let me demystify the big objections to this rally, the things that make people
america. ow! it is difficult to imagine how anything positive could happen in the near term despite the juicy rally with the dow tacked on 92 points, and the nasdaq up. and lis ep, i get, i get the negativity, and there are no short term alternatives in europe. i won t pretend there are. banks in spain and italy are too weak, and the countries are way too much money, and to finance themselves. china is a quandary, and we are hearing not only that it could get worse, but it may not have been good to begin with. china is fudging the numbers endlessly. and then the united states, raising taxes and cutting the benefits, and doesn t that smack of what sent us into the recession or if not the depression in 1937? and bountiful tax gains are at risk and employment rates are disappearing, and isn t that the height of recklessness, and giving how the transient politicians behaved in the debt ceiling crisis last summer, you have to wonder how they will act when it comes to the loomi
nasdaq up. and listen, i get, i get the negativity, and there are no short term alternatives in europe. i won t pretend there are. banks in spain and italy are too weak, and the countries are way too much money, and to finance themselves. china is a quandary, and we are hearing not only that it could get worse, but it may not have been good to begin with. china is fudging the numbers endlessly. and then the united states, raising taxes and cutting the benefits, and doesn t that smack of what sent us into the recession or if not the depression in 1937? and bountiful tax gains are at risk and employment rates are disappearing, and isn t that the height of recklessness, and giving how the transient politicians behaved in the debt ceiling crisis last summer, you have to wonder how they will act when it comes to the looming fiscal cliff. and looming fiscal cliff. i m a cliche master. all of these make us retractable and want to sell everything and go home and want to ensconce us i