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Transcripts For CNBC Mad Money 20141205

It closed at 17,959 points. The s p advancing 7. 7 . Did i just say 17,949 points on the dow . Holy cow. When i got into this racket, the dow was at 800. And to think i was told wed never get to 1,000 in my lifetime back then. Were just a stones throw from 18,000. How wrong were people . How wrong are people still . Typically, when you get terrific news for the u. S. Economy, like we got this morning, when we learned that our country created 321,000 jobs just last month. 321,000 jobs . That is much more than anyone expected. You usually get a momentary burstup in the wages. We did get the burst higher, but it wasnt followed by the typical wave of buyers remorse. Instead, we just got another rotation. This time out of the high yielders and defensive stocks that lag when the fed eventually starts tightening, and into the banks and companies that once again benefit from Lower Oil Prices, because oil just cant catch a bid. Its an amazing testament to this next man up market, that we could

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