describe today's session torn between the ecstasy of victory from the near passage of a very pro business tax bill, and the agony of consternation over the russia investigation taking a more serious turn oh, yeah volatile day dow only closing down 41 points. it was down 350 at one point the s&p backsiding 0.2 a lot of pressure on the tech stocks we're in an unchartered waters when the serious investigator is building a case seemingly against the president of the united states. a special counsel robert mueller seems to be doing that i found myself thinking, will we have impeachment hearing, a ton of presidential pardons? how does president pence sound i defy anyone to tell me they didn't think those same thoughts when they saw the headlines that former national security adviser mike flynn was flipping on his old compatriots. in the end though we don't know where this investigation will lead maybe nowhere. and while the tax bill looks close to a done deal, nothing could be certain there either. tax reform could be though a huge positive for the market although it could be a real negative for you personally if you live in a high tax state like new york or new jersey. i live in both but this is a show about stocks and it's simple. the bill passes a whole lot of seemingly expensive domestic stocks will look cheaper because the earnings will be inflatsed by lower taxes remember, we don't care how the profits got there as long as it's legal we have to start our game plan for next week with the acknowledgment we would be in a real washington roller coaster one reminiscent of the old days when politics influenced investing in a negative way. the obama days you know me. i like to use the moments like the one that saw the dow jones get pummelled up this morning and pick up the favorite stocks at discounted prices think about it we had the best day of the year yesterday, followed by one of the worst intraday declines of the year you got to buy everything that had gotten away from you when you walked home last night as i did, and i said, how did i miss the opportunities? let's face it. while many companies are generally impacted by what happens in washington, plenty have nothing to do with the government at all. so monday should be sort of a lot about what people are worrying about right now as we leave. what else is happening in terms of actual business though, because process in washington, as much as i like to fathom it is not my strength i think the economy is gaining strength and we'll get some confirmation or contradiction of it when the whole strength thesis that i have been propounding, when we get to the durable goods reportment manufacturing is really turned here and a very strong number would verify the intense rally the smoke stack industrials have experienced in the last few weeks. and if you're like me you want to see that so you don't think it's all smoke and mirrors we get results from an interesting company that has been on the show -- they're an interesting company, they based the drugs based on marijuana before the legalization swept state after state some thought that gw might be a back doorway to get a pure medical marijuana pill that has never been -- never been what this thing is about. tern -- turns out that cannabis has different chemicals that don't get you high and they worked on new indications. i want to hear how it's going. i'm pulling for them tuesday we hear from toll brothers in the red hot housing market we have had a lack of housing supply combined with home buyers wanting to lock in a mortgage before interest rates get too high toll has been able to parlay that into unbelievably good earnings i can't wait until tuesday i bet it will be good. we get our earnings from autozone, which i think will join advanced auto parts which reported a few weeks ago in giving you terrific results. at the same time, these stocks have been hammered about amazon coming into the auto parts business but as we saw this week with kroger even companies in amazon's crosshairs can thrive autozone is one of them. now, we have been big fans of dave & buster's. and that adoration let's just ait's been unrequited. i'm looking for the company to say something about experienceal opportunities that are bringing -- into the giant entertainment businesses and that the business of late has been strong. i like stocks that are down a bit but not out. dave & buster's fits that bill wednesday we hear from broadcom. it's pursuing some big gains, $100 billion attempt to buy qualcomm they make so many cell phones possible including apple i thought that the customer because right, looks look in this case it doesn't -- qualcomm doesn't agree. it looks like tan is going to have a proxy fight with qualcomm's incumbent slate of directors in order to pave the way for a smoother takeover. all i know is that if broadcom can buy qualcomm for less than 80 smackers i think you can see the stock rally by as much as 30% from here. itch been telling my morning partner david faber that hot tan always gets his man. i think he gets qualcomm it's a huge win for shareholders including my charitable trust. which you can follow along at action -- club members another one of my favorites -- lululemon reports on wednesday judging by the red hot earnings -- remember the best christmas season in four years and the strength of gap at leisure line i bet lulu puts up terrific numbers we have an analyst meeting on wednesday, my favorites, home depot. maybe some says sell the news -- or hear more about the flynn thing, you might want to buy home depot that day in order to profit from an exceptional home depot analyst meeting. thursday we hear from dollar general. this is a controversial one but not for the reasons you think. normally i just tell you to go buy it, why? i'm expecting a good quarter not this time though because dollar tree it competitor told such a good story it moved up the stock of dollar general we'll be late -- i fear it will be a sell the news aspect of this quarter let it come down maybe that's your opportunity. i do prefer dollar tree. remember, dollar tree is so clean you can eat off the floor. i have heard that phrase, who would eat off the floor? but if you had to, you'd go to dollar tree and the candy aisle superb they have cow tails. finally on friday we get the last labor department nonfarm payroll number where they're expected to give us a quarter percent rate hike. i think we'll get a big jobs number we're smack in the middle of the industrial renaissance that i love talking about at the same time, white collar jobs are become plentiful. you know retail could be strong and i'm judging by the 7,000 new sales associates that macy's says it needs to meet christmas demand, as i said last night, retail is having a holly jolly christmas. bottom line, we have had a wild week and a wild day capped off with a real roller coaster that can churn your stomach if you stayed focused and stayed fearless, and bloodless, you've got some high quality stocks let's be ready to do the same thing when monday's bell rings and we start all over again. my executive producer was saying ouch when i'm the ones with the hearing problem. take that. okay let's go to bill in california bill >> caller: hey, jim. thanks for all you do. i'm calling to talk to you about nova cure ticker symbol -- >> yeah, european approval that got this thing going. >> caller: yeah, got the ah european approval. japan just approved it and, you know, it's been approved here domestically in the united states they're waiting on medicare to approve it but nova cure is providing the electromagnetic fields - >> bill, let's not wait until the medicare, get ahead of that. you know i'm a huge believer in nova cure. but unfortunately i saw it work for someone who got many years of life in the earlier iteration. and i think that the approval for japan is a harbinger of what can happen here. i have to go to stephon in florida, please. stephon. >> caller: hey, so what's the deal with micron - >> okay, my favorite analyst over at morgan stanley said that the flash prices have peaked kind of hammered western digital. but moo makes flash, but that's what's ailing it if they have peaked that nine point decline this week, it may be a precursor all right. you know what next week will be wild i need you to keep your eye on the prize. buy unexpected opportunities and get stocks cheaper than we thought. we'll stay -- look, we'll stay together on this, okay we'll stay focused, stay fearless and stay together on "mad money" tonight with the hoopla of dow 24,000 and the potential impeachment of the president, well, it's easy to lose sight of the fundamentals i will reveal the two blowout quarters that may have slipped through the cracks you get another chance don't worry. and the sales of whiskey rose, outpacing the entire spirits industry i'm banking off the trend i never heard of and the company may have declined over the past month but can investment henry schein keep you smiling yet? i have the exclusive with the ceo fresh off of earnings so stick with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. thank you so much. thank you! so we're a go? yes! we got a yes! what does that mean for purchasing? purchase. let's do this. got it. book the flights! hai! si! si! ya! ya! ya! what does that mean for us? we can get stuff. what's it mean for shipping? ship the goods. you're a go! you got the green light. that means go! oh, yeah. start saying yes to your company's best ideas. we're gonna hit our launch date! (scream) thank you! goodbye! let us help with money and know-how, so you can get business done. american express open. so you can get business done. wow! record time.s. at cognizant, we're helping today's leading life sciences companies go beyond developing prescriptions to offering subscriptions with personalized, real-time advice for life-long, healthy living. honey? you almost done? nope. get ready, because we're helping leading companies see it- and see it through-with digital. hey, while i got you let me ask you a question does anyone remember the fundamentals you know how actual businesses are doing? well, the dow 24,000 hubbub the senate tax bill and the pro clutching about the latest revelations about the russia companies there are real companies doing things and they matter look, i'm over it all at times but the small picture what they call the micro, it has to be front and center not every company is caught up in the macro stories so in the hallmark it sells off like it did today, down more than 300 points -- sell sell sell for big picture reasons you can pick up high quality stocks at ridiculously marked down prices that have nothing to do with what happened with the underlying companies however, to capitalize on the opportunities you need follow the individual companies otherwise, you have no idea what to buy or whether the stock was cheap or not if you do the homework though, you can get rewarded so let's talk about this very morning's action because it's so indicative and so illustrative last night, i prepared my favorite technology companies, vmware and me can exreported and they reported two of the biggest blowouts i have seen in all of to 17. both helped their clients to better grow their businesses some of the cloud stocks like autodesk had reported weak numbers. both of these companies seemed to have more business than they could handle that was my take away from the conference calls i call that a high quality profit when i listened in i figured they'd be up huge today from the get-go so it was way too late to contemplate giving them on "squawk on the street," but thanks to the washington headlines last minute worries about the passage of tax reform and mike flynn bombshell, vmware and -- took a tumble the former got hit at the opening and the latter throughout the course of the morning. let's just say the pull backs were very undeserved, yes, with respect to the prospective shareholders i was in disbelief when i saw the prices given how fabulous the earnings were and they had reported the night before. i mentioned this because being an investor is about picking stocks but about timing. if you're going to be rigorous then you wait patiently and let the stocks you like come to you. odds are you'll get your chance although usually the chances aren't this good tax bill roadblocks, mike flynn, blaring sound, 24,000, all give you a breathtaking great buying opportunity. it's a chance that you should never have had the ability to have which is why vmware and knew tan exrebounded hard the latter which i have been saying is very good was up almost 10% let's talk about the oil thanks to the rising worldwide demand the price of crude has surged up to 58 bucks a barrel, a level that many people assumed would never happen yet the gravitational pull of the s&p 500 was so big, that you could buy it all and it was unchanged. that's crazy i hear cramer, i'm an investor what are you doing to me, fair enough but i reply that you don't get these kinds of opportunities to start positions very often and everybody can benefit from knowing how to spot a great entry point. of course you have to pay attention to some of the weaker stories out there and the confusion generated by the big picture political headlines of -- which was an excellent opportunity to sell. sell not buy. but sell some ulta beauty. ulta warned that the gross margins might be weaker than some might have hoped and yet the stock was acting relatively well when i was on "squawk on the street" and plummeted down 9 bucks. you could have side stepped most of that decline in you were nimble and you understood the story. finally there's the big lesson here, the one i have always tried to repeat over and over and over again because it is very much front and center and that is that no one has ever made a dime panicking. [ buzzer ] and selling you into the teeth of the ugly decline. can you imagine if you sell your stock down 300 and yet many have profited by using that decline to buy buy buy buy panic, my friends is a not a strategy don't freak out, stay calm, maybe do some buying if that's too much for you to handle you know what you can't -- you can't accept or know how to handle the emotional roller coaster, well, then you don't need to own individual stocks you don't need to watch your -- don't need to make decisions there are plenty of alternatives you know i know a nice low cost index fund that mirrors the s&p 500. no shame in admitting it to yourself, you know what? by admitting it, you'll probably save yourself a fortune long term much more "mad money" ahead. including my take on the under the radar company behind some of the top labels in your liquor cabinet. i'll reveal the name just ahead. then my exclusive with the company that's banking on big trends from your pearly whites to man's best friend don't miss my interview with the ceo of henry schein. plus, i'm getting the yule log ready, with the new developments in the russian probe and join me during the fireside chat where i'll be taking all your questions so stay with cramer i just finished months of chemo. but i don't want to talk about months. i want to talk about years. treatments have gotten better, so... i'm hoping for good years ahead. that's thanks to research funded by the american cancer society. the same folks giving me free rides to treatment, insurance advice,and a place to stay during chemo. i need that stuff like you don't know. and now that you do, please give at cancer.org after tumultuous day for a stocks it was all about washington buy buy buy! they know nothing! let's take a deep breath i'm always telling you that the government matters far less to a long term performance to the market than anyone in power would like you to believe. while everyone is talking about tax reform and the latest disturbing developments in the russia investigation i want to put that political stuff to the side for a moment and get back to the basics that we do in cra america. investing is about looking at the stocks that don't promise the underlying business. it's true with dow 24,000, whether the top -- the top corporate tax rate is 35%, or 20%. or somewhere in between. that's why i like to search for under the radar names for you that have been quietly roaring higher because every now and then you'll find a long term winner with the rallies have only got started. the trouble under the radar screen says you're too late to the party and it's already been discovered so you need to walk away until the stock drops sometimes for an obvious reason, investigation or a tax reform bill held back, you get it still i keep my eyes peeled in case we haven't missed the boat. a subject tonight i found fascinating, a little company called mgp ingredient. the symbol is mgpi it's a kansas based distillery among other things they make booze. whiskey, bourbon, vodka and gin. along with food grade industrial alcohol. they have a business making specialty wheat product proteins remember, millennials like proteins that the package food companies used to augment their products they're the biggest liquor company you never heard of and they focus on the small brands like redemption, dozens of others but for all of the lack of name recognition, mgp ingredients is the largest supplier of rye whiskey and distilled gin in the country and you have got two very hot spirits when you're talking about gin and rye. now, this company in various forms has been around for decades but much of the story stock market -- it was a snooze fest that seemed to last for years. in fact, through december of 2013 to today, mgpi has rocketed get this from $5 and change to almost $75 including a monster 52% gain in 2017 when i see that kind of move, it gets -- up 52%, what the heck? how is that even possible, for a relatively sleepy company. more importantly, could this move continue or have we missed the boat first of all, let me explain why i found the action so surprising in the wake of the financial crisis, mgpi was struggling with low growth and inconsistent profitability. it spiralled into a public conflict between a faction of the shareholders led by the old ceo, newkirk and the cray family that founded the company and still owns 20% of the company stock. newkirk wanted to look at other -- which means putting it up for sale, but then in december of 2013 the two sides reached a compromise newkirk lost his job and then they promoted a new person to the ceo job. and this stock has been en fuego. that's come -- that comes down to luck as it does often in stocks and business. the liquor business has changed pretty dramatically in a may very good for mgpi dispilled spirits have taken -- every year since 2010. whiskey has been strong and best of all are the fancy craft whiskeys and bourbons that are the company's stock and trade. a lot more demand for premium hard liquor and for these particular niche brands that the millennials get a kick out i know that because they come to bar san miguel, so we give them craft tequila. the new management team took over they announced 14 new select blend whiskeys a couple of months before griffin was hired but he deserves credit for recognizing the changing alcohol market and doubling down on what's working like offering nongenetically modified starches along with nongmo spirit after six months of taking over, griffin rolled out a five year plan with the goal of increasing the operating income by 2019 how? by embracing premiumization. you have heard that from constellation brands going after the high end liquor market aggressively with new brands and acquisitions like the purchase of george remus whiskey a year ago they focused on the higher value added products and they reached the operating income target three years early. do you know how hard that was? and meanwhile, mgpi continues to focus on the premium business, earlier this year management announced that they were selling their stake in the illinois corn processing joint venture for $76 million. so they could devote more money and more attention to the fancy liquor brands that are making them so much money a good story the real irony here that they sell craft liquors, people think they're getting an ar's the natural products and it comes from the one distillery. there's more value in nothavin a brand name at least when it comes to the subset of the alcohol buyers many of them are who as i used the "m" word the millennials. this is a dilemma i face with this stock mgpi sells for 38 times next year's earnings estimates. which is the pretty pricey tag to pay, given that the company has only a 15% long term growth rate i don't like to pay more than two times the growth rate. we were too late i don't want to take anything away from the mgmi miraculous turn around but i have to tell you i think sometimes you have to say as investors we need to get the timing right and we haven't here i haven't. here's the bottom line mgpi ingredients has been roaring i think that to fabulous turn around and the rise of the craft whiskey market but at these levels i feel like it's run too much for me to recommend. oh, i sure wish i had found it earlier that's my bad. at $65 down ten from here, will i be all over mgpi and telling you to buy it? for now, if you want a liquor play got to stick with constellation brands the maker of corona and a whole bunch of real good premiumized -- that's my -- premiumized whiskeys and wines. let's go to my old friend stephen in illinois. stephen. >> caller: hey, jim, booyah. i work for -- and bungee ltd acquired 20% of our business would i be safe to invest with bungee >> how great is it that you pronounced it correctly. i think bungee is a good company but you're doubling down working there and you're buying the stock, we don't do that. we don't do that that's too much risk so own some stock if you want to but remember, we favor diversification. how about james in california? james? >> caller: hello, jim. iments to thank you and your staff for all having all of our backs. >> my staff -- never say my staff, because it's our staff and our staff is fabulous. how can i help >> caller: our staff is fabulous you are fabulous my stock -- i understand that you're not a buyer of my stock yet, but - >> i'm not familiar with what stock you got there. >> caller: yeah, but i don't understand what your position is on those -- for those of us holding it on for so long now that it's in the dumps now that we have a new ceo, so what about chipotle? >> as soon as we are at the 16th month and people forgot that the stock was roaring we had more incidents and then the stock turned down. we have to wait another 18 months no matter who is running the darn thing because the american public will forget. but not this fast. no way all right, what a wild day, but you know what? the noise doesn't seem to be impacting a fabulous stock for a fabulous company like mgpi if it goes back down i'm going the give you my advice to buy. much more "mad money" ahead. your dentist loves this company but after the recent decline we need to brush up on henry schein i have the ceo then the dow at 24,000 for first time ever yesterday but with news that mike flynn pled guilty to lying to the fbi and the tax bill kind of maybe, maybe not there's questions looming. i want to hear from you cramerica, send in your questions and i'm talking all your questions in rapid fire edition of lightning round, special edition. and a look back at the week that was. so stick with cramer ♪ let out your inner child at the lexus december to remember sales event. lease the 2017 is turbo for $299 a month for 36 months. experience amazing at your lexus dealer. we are the driven... the dedicated... the overachievers. we know our best investment is in ourselves. we don't take no for an answer. we fight for what we want. even for the things that were once a given. going to college... buying a home... and not being in debt for it for the rest of our lives. but we're only as strong as our community. who inspires and pushes us to go further than we could ever go alone. sofi. get there sooner. what in the world went wrong at henry schein? hshi it's a major vaccine business to boot, you know i have been a huge fan of this stock for years. and it has slowly and steadily worked higher, my kind of stock. but in last six weeks we havet talk about this. because the stock has been hurt. fell from 84 in mid october down to $70 and change today. that's the stock split by the bay. just so you know it's up 22 points with highs over the summer. what caused the down turn? well, investors weren't that thrilled and when the earnings came in light, they lowered the forecast for this year and gave weaker outlook for next year and it didn't matter the stock lost 10% in a single session and it's why it shares have continued to slide. so is the stock being punished too much or has something changed here let's check in with stanley bergman, ceo of harry schein welcome back good to see you. so stanley, first we have to figure out are the issues transitory when talking about product mix, we're talking about dental special markets and talking about lower gross margins in europe. to me they seem transitory to others they seem like it's a new henry schein. >> no. and jim, this not a new henry schein our business is solid. the core market are great -- the baby boomers are spending more money on the products -- on the services provided by our customers. and the profits are pretty solid. >> okay. so you know you're an up front company and you brought the things up. not us in other words, it wasn't like i read through the analyst report and said this is happening you guys shined a light on these issues why did you do that? >> well, we wanted to point out the variances in the quarter but we wanted to point out that we're working very hard to continue to drive efficiency in the business advance product mix to higher margin products. advance our solutions with the practiced management solutions to help dentists, veterinarians or others provide better quality care so we provided all of these ideas that we actually translate into action to help our customers and drive up margins >> well, speaking of translate action, i saw you bought back a nonmaterial that's your -- nonmaterial amount of stock but you have a $400 million buy back you can put to work. is this what that money is for which is a sharp decline in the face of multiple years of good earnings coming. >> right well, jim, we generate about 650 to $700 million of cash each year. >> which is huge. >> yes pretty good. and each year we return about 3 to $400 million to -- in the form of buy backs and 2 to 300 we reinvest in acquisitions and spend around $85 million in equipment in the building. but we are generating tremendous amount of cash the amount of cash we generate increases each year. and we're returning it to shareholders and investing in the business. >> fair enough now, in 2017 your full year effective tax rate was 28% you did not address in the call because people didn't know the juggernaut that washington would be that you might have lower tax rates. are you prepared to have more capital because of the lower tax rate and what will you do with it >> so we have a slight challenge and this is why we reduced the bottom end of the guidelines and that's because we had compensation related -- tax -- the increase in our taxes our effective tax rate directly related to the stock buy back. >> okay. >> and the bottom line is, that that change in the tax rate will be more than covered by any potential reduction in the income tax rate that will come out of washington. but we will be able to put that money to work very effectively, both in buying back stock, investing in the business and of course making acquisitions. >> okay. i see an acquisition -- i thought your animal -- was amazing. a lot of others did not have good strong animal health. what are you doing right that the others aren't doing? >> well, the animal health business is very good. there's the humanization of pets -- >> which i like. but there are other reasons. there was poultry and livestock. >> but the pits -- the companion animal -- we have been doing well in that business for a long, long time. so we are very confident that we have a tremendous runway going forward for companion annual veterinarian products. because the veterinarians are doing well. >> and the dental market -- it has to get stronger. >> well, the dental market is quite stable there is no doubt there's a high correlation between good oral care and good health care in general. so we know that the noncommunicable diseases account for a huge amount of health care costs and oral care is a tremendous way to drive down cost of health care through advancing wellness and prevention. >> fantastic let's leave it at that that's stanley bergman, chairman and ceo of henry schein. i think after this stock is churning and it is churning right now, that's where your opportunity going to be. stay with cramer [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. your bbut as you get older,ing. it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. [vo] progress is an unstoppable force. the season of audi sales event is here. audi will cover your first month's lease payment on select models during the season of audi sales event. >> announcer: lightning round is sponsored by td ameritrade >> it is time. it is time for the lightning round. you say the name of the stock. -- buy buy buy buy buy buy [ buzzer ] -- then the lightning round is over are you ready, skee-daddy? let's go to mike in illinois mike >> caller: cramer, big packer, doug pederson booyah to you. >> what's up >> caller: ibm. >> ibm is trying to bottom here. warren buffett is selling. i think it has a breakout quarter. bruce in missouri. bruce. >> caller: yes, my question is about workday. it's down $16 from monday. has it bottomed out? >> i like the quarter. look, the quarter -- it deserves a sell-off like this, you know what all the multiple tech stocks are selling off, but if you had to start a position start it right here alice in florida, alice. >> caller: hi, jim hi, jim, i'm calling about nexter the a. >> a great utility i like them very much. a good stock eric in new jersey eric >> caller: hey, jim, i love the show. >> thank you >> caller: big game sunday night, go birds. >> go bird, the game of the week >> caller: definitely. definitely i wanted to follow-up on what you talked about last night with electric cars and material stocks i'm invested in sqm which is strong in lithium mining they had a lot of momentum over the summer but seems to have tabled off. >> i know. we debated that with fmc but it's a good company but not as good as the ones that i recommended. just really isn't. let's go to troy in pennsylvania troy >> caller: hey, jim. big booyah from pittsburgh, pennsylvania how are you? >> i'm good. i'm looking forward to the december 14th contest with you and the pats >> caller: we might be seeing you in the super bowl if all goes well. >> yeah. >> caller: hey, my question is on under armour. i bought it around $40 a share it's obviously tanked a lot. should i hold it and hope for a takeover - >> no. they have different class of stocks, what i think will happen is after a couple of quarters they'll come out of this kevin plank is refocused but boy they have a lot of personnel changes. i can't have great conviction when i see that much personal changes. that, ladies and gentlemen, is the conclusion of the lightning round. [ buzzer ] >> announcer: the lightning round is sponsored by td ameritrade hello, booyah, mr. cramer! >> booyah, jim, how are you sir? >> be one of these, a fallen knife. anyway, i have spent a lot of time on the cheap linoleum floor drinking bad scotch. >> i did a little shopping and i bought some fresh italian bread, come on over. >> black friday deals, i'm going off the charts - [ boo [ laughter ] >> cnbc's -- i didn't buy it >> when they send each client a box full of these every month. good for -- [ laughter ] [ applause ] u traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade at t-mobile, when you holiday together, great things come in twos. like t-mobile and netflix. right now when you get an unlimited family plan, netflix is included. ho ho ho! t-mobile covers your netflix subscription... best christmas gift ever! ...so you can binge watch all year long. now you're thinking christmas! and now when you buy any of this season's hot new samsung galaxy phones, you get a second one free to gift. that's one samsung for you. and one to give. t-mobile. holiday twogether. why did you take credit card debt on? second kid. private school. medical bills. moving costs. solid ground. a personal loan from sofi is a smart way to consolidate credit card debt. certain borrowers cut their credit card interest rates 42% and increased credit scores 17 points on average. borrow up to $100,000 with low rates and no hidden fees. find your rate in just two minutes, and take on your debt at sofi.com. and now a fireside chat with jim cramer >> can you believe 2017 is almost over? boy, it's got me thinking. the last week of november has been just a whirlwind, the whole month has been one day the market is up, the dow reaching 24,000 yesterday hey, that was a big deal but falling sharply down falling 350 at one point on washington fears from's so much uncertainty out there it drives me crazy and there's plenty of stocks of companies that are doing the right things and that's when you realize panicking is stupid. it's not an option market takes the twists and turns and as an investor it's important to remember the fundamentals don't necessarily change with the news from washington take it -- and all that hoopla and the chatter. in the midst of the noise i'm opening the phone lines. i do it -- i have -- i think i have done it once this year. i want to hear what's on your mind because we get through this stuff together so let's pull up a chair, put down a scotch -- smells like tequila, and get down to business let's -- [ laughter ] let's start with al in new york. al >> caller: how are you doing, jim, a big booyah from astoria, new york. >> astoria >> caller: astoria, new york. >> i have looking to buy property there ten years ago but it went up so fast i missed my chance what's going on? >> caller: a question, with all the political uncertainty going on the global uncertainty going on, volatility going up and the market being at all-time highs with the potential correction looming, would it make sense to hedge with gold? >> okay. al i have to tell you this whole point -- the whole thing of this bitcoin, you know the bitcoin going up, it's really taken away the luster of gold gold has lost it moment here i think up to 10% of your portfolio should be gold for precisely the reasons that you described. and al, would you be comforta e comfortable -- would you be comfortable actually owning gold physical gold, and not just the gld? well, the answer is that al just hung up. but the answer is that if you were, i would like the hard stuff. and i'm not just talking about how sweet it is. let's go to rhonda in kansas >> caller: hi, jim, booyah. >> booyah, rhonda. >> caller: jim, your perspective, the shale revolution, oil, and gas jim, your perspective regionally and of course the banks who have been lending to the companies who well provide the jobs. >> okay. all right. first of all, short term the group is good. oil is going to break out at 60. my charitable trust owns a bunch of them. longer term i think we have to worry about fossil fuel. i think we see that it is the -- a sun is setting on fossil fuel. so we can't make a big bet on it we can say that 15 years maybe we still have a viable business but i have to tell you the world is changing and we have been selling oils fraction -- why because i see it's happening i had a conference call next week, i'm going to address the fact that one of the biggest mistakes i made was thinking that fossil fuels were going to be here longer than they are and i think that the millennials out there know that that was the wrong judgment can we go to frank, also in new york frank. >> caller: hey, jim, booyah. what's happening, man? >> i don't know, kicking back, answering some questions which we only do a couple of types a year because things are crazy. we're doing it now thank you for participating. how can i help you >> caller: thank you i have been watching your show since i was 10 years old my father, man, we have been watching it forever. helping me and my money staying happy, so all you "mad money" people out there, thank you for being mad. >> let me tell you something when i hear you started out -- when we started out, and now doing some investing i know we have accomplished -- this is what i said when we started this show that this could happen that the younger people who became investors and learned something from the show. so how can i help? >> caller: so jim, i bought into one -- i bought at 155 nvidia, nvidia at 155 and i have seen it shed some of the profits lately. but i think that's what it is, shedding profits but not going behind 196 or 200 when it's dipping. i want to know if the analyst expectations for the -- how do you call it -- the price estimates for next year, the highest price next year for 225, 230 are still reasonable to consider if they're not reasonable to consider, perhaps i should take my profits off the table and do something more profitable with them. >> let's talk about this this is important. first of all, you said that nvidia was shedding, i was thinking of my dog who sheds all over the place what if i told you that i think that stock could go to 180 before it could go to 240? 180, so then you'd be very close to where you bought the stock. what would you do if i told you that would be what i think could happen >> caller: right now i'm thinking about cost averaging in, price averaging in, rather. >> so in other words you wouldn't take anything off the table that you could buy it back at 180 >> caller: no, i'd take some of the table to recap. >> they'll change the tax code which means you can't select lots but my fear and my charitable trust owns it, this thing going to see 180 before it sees 220 that's what we have half a position on and it will buy it when it gets down there. but this stock is erratic. it acts difficult. so my advice to you is if you can scrap -- strap yourself in, you can own nvidia otherwise, it's going to be very tough. all right, guys, how does this end -- we have -- i'd like to do a whole show of this we do it on saturday we all come in on saturday i don't care about anybody's else life, i don't have one. keep the calls coming. that was fun thank you to everybody who participated that's the end of off fireside chat i say stick with cheap scotch and stick with cramer. what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley the cross currents are really there today and i have to tell you what was the standout it was oil let's talk about this for a second oil going to 60, you know what started to do well, the pipeline companies. those are solid yielders take a look at them. there's always a bull market somewhere and i promise to find it for you right here at "mad money. i'm jim cramer see you monday >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ he's hoping to whet the sharks' appetite with his idea. hello, sharks. my name is les cookson. my product is the carsik bib. i am seeking a $30,000 investment in exchange for 15% of my company.

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