Im jim cramer. Welcome to my world. You need to get in the game firms are going to go out of business, and hes nuts. Theyre nuts. They know nothing. I always like to say theres a bull market somewhere. Mad money, you cant afford to miss it. Hey, im cramer. Welcome to mad money. Welcome to cramerica. Other people want to make friends. Im just trying to save you money. My job isnt just to entertain but to teach you. Call me at 1800743cnbc. At the beginning of every new year, i like to nail down some themes, some themes that could be safe safe places to tread on down days like today where the dow sank 51 points, s p gave up. 31 , and nasdaq declined. 09 . These are themes that can withstand the test of circumstances around us, whether it be the upcoming debt ceiling fight or potential chaos overseas. Just or just the overall sense that our economy isnt creating the jobs we thought it would. [ heartbeat ] this show i thought it would be important to have big themes to fall back on. Rising
In the stock market to go with it. The major averages bounced back from sharp sell off last week and all the end of the s p sectors were as well. The dow jumped 146 points. The nasdaq added almost 23, ending above the key 4,000 level. And the s p rose about 15 points. So what triggered all this optimism . Investors were encouraged by new retail Sales Numbers that were stronger than expect ad sign maybe that the economy is emerging from a slow winter. The gains were led by autos and furniture as well as sales at general Merchandise Stores like target and walmart. Solid earnings from citigroup boosted investor confidence. Profits for the First Quarter came in higher than analysts estimates and citi stock surged 4 on the news. Kayla tausche joins us more with more on that surprising report from citi. Kay larks last week we were talking to you about this one and everyone was bracing for a lousy report. What happened . Not much to write home about. Two points where science citi s. Credit is
Street today and lots of green in the stock market to go with it. The major averages bounced back from sharp sell off last week and all the end of the s p sectors were as well. The dow jumped 146 points. The nasdaq added almost 23, ending above the key 4,000 level. And the s p rose about 15 points. So what triggered all this optimism . Investors were encouraged by new retail Sales Numbers that were stronger than expect ad sign maybe that the economy is emerging from a slow winter. The gains were led by autos and furniture as well as sales at general Merchandise Stores like target and walmart. Solid earnings from citigroup boosted investor confidence. Profits for the First Quarter came in higher than analysts estimates and citi stock surged 4 on the news. Kayla tausche joins us more with more on that surprising report from citi. Kay larks last week we were talking to you about this one and everyone was bracing for a lousy report. What happened . Not much to write home about. Two points
In the stock market to go with it. The major averages bounced back from sharp sell off last week and all the end of the s p sectors were as well. The dow jumped 146 points. The nasdaq added almost 23, ending above the key 4,000 level. And the s p rose about 15 points. So what triggered all this optimism . Investors were encouraged by new retail Sales Numbers that were stronger than expect ad sign maybe that the economy is emerging from a slow winter. The gains were led by autos and furniture as well as sales at general Merchandise Stores like target and walmart. Solid earnings from citigroup boosted investor confidence. Profits for the First Quarter came in higher than analysts estimates and citi stock surged 4 on the news. Kayla tausche joins us more with more on that surprising report from citi. Kay larks last week we were talking to you about this one and everyone was bracing for a lousy report. What happened . Not much to write home about. Two points where science citi s. Credit is
Points, the nasdaq down 21, and the s p slipped by 4. Gold was up 6 dollars and oil 14 cents. Apple tops estimates the tech giant reported earnings and revenues that were better than expected after the close. Iphone sales reached a record, but ipad sales came in short. The sec is accusing a texas man of running a Bitcoin Ponzi scheme. He allegedly raised 4. 5 million from investors in multiple states. Whats tap in to the trading mind of Mark Sebastian of option pit mentoring. Good morning, mark. Good morning, angela. 1700 is within sight for this s p 500. What do you think . I think were going to trade there. Weve seen market volatility really fall off at the last 20, 30 points of this rally. That shows me that the market is starting to really buy into this. And were back into kind of the april, may, earlyjune portion of the market, where we had this slow crawl higher. A lowvolume market is one thats going to tend to creep higher, and i think thats what were seeing. Dont be surprised i