Im jim cramer. Welcome to my world. You need to get in the game firms are going to go out of business, and he 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 declin 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. R
Ugly week, lets look forward and talk about the game plan for next week. This business isnt about the past. Its about the future. Now, we start off next week worried. Worried about the rest of the world. The numbers out of europe and china are okay. I hope that can change monday. The pmi is coming over the weekend. Along with the why is it so important . Give the main Portfolio Managers looking for a resurgence of International Industrial that is are based in the u. S. The profit taking in this has been down right horrendous. Maybe strong numbers from europe and china over the weekend could allow for a nice oversold rally. One that may have started the last half hour of trading today ask kind of gave up the ghost in the last ten minutes. We hope it see more news on chatter that spring theyve been preparing a bid for t mobile, like them both. Something my friend david faber said could be in the works many times in the last few weeks. Now, this potential deal would help sprint get heft,
Nasdaq actually slid. 37 . I mean, what is happening here . First, weve got to remember the stock markets not a Cheerleading Squad for better employment. The market has written a whole book about get rich carefully is about expectations and predictions and placing bets on them. We had a highly unusual situation develop in this particular jobs number. I havent seen it like this in years. Many, many Money Managers, including Money Managers invested in bonds truly believe that the economy has softened and this number would be very weak. Maybe the weakest in ages. Why not get two straight months of weak employment, usually a third follows. February didnt seem like anything to write home about for me. How about you . I didnt see it. A group of managers were betting the opposite way. Betting the economy was going to shake off weatherrelated. As ive been saying for weeks now, one of these examples had to be wrong. Both sets of buyers couldnt be right. Sure enough, those who thought the econom
Cameron, angela merkel, even the president of iceland have spoken here this week. But youre in north america so let me focus on the political brinksmanship that threatens your economic future. Congress voted to suspend the debt ceiling for three months this week, effectively raising the countrys Borrowing Limit while they figure out deeper cuts to reduce the deficit. That keeps me employed for at least a few more months. Even before that deadline hits again, march 1st will be on us, the socalled sequester deadline. Thats a stupid washington name for a stupid and dangerous washington creation, the automatic acrosstheboard spending cuts. Then theres another date to worry about, april 15th. Not just tax filing day but the date by which congress has promised to adopt a budget resolution. They even this time stake their pay on it, agreeing to reach a deal or face suspension of their paychecks until they reach a deal. That might just be enough of a carrot to make them actually present a budg
Most talked about super bowl ads a week before they air. Who shot j. R. . A cliffhanger watched by millions around the world, so, how will tnts dallas deal with his real death. Well have a live interview with the man who plays j. R. s nephew. Your money starts right now. Im ali velshi and this is your money. Even the president of iceland have spoken here this week. Youre in north america, let me first focus on the ongoing political brinksmanship that threatens your economic future. Congress voted to suspend the debt ceiling for three months and figure out deeper cuts to reduce the deficit. That keeps me employed for a few more months. But even before that deadline hits, again, march 1st will be on us. The socalled sequester deadline. Thats a stupid washington name for a stupid and dangerous washington creation. The automatic across the board spending cuts. And then theres another date to worry about, april 15th. Not just tax filing day, but the date by which congress has promised to ad