Too glib maybe not glib enough. The dow did snap that five day winning streak to close down 28 points the s p back slid. 04 nasdaq actually advanced. 05 but while most of the country is spell bound by the prospect of the house impeaching President Trump the effect on the market was minimal, why well in part because we know exactly how the trial in the senate will go more on that, much more on that later. From an Economic Perspective though theres just not a lot at stake here the only outstanding issue that really matters to wall street is the negotiation of the new nafta but thats looking like a done deal in congress because Speaker Nancy Pelosi was willing to compromise mexico is rebelling against the notion of u. S. Labor law monitors in their country, issues of sovereignty. Of course theres the trade war with china just got a phase one deal with the chinese and President Trump agreed to reduce the tariffs as long as the prc plays ball anything that levels the Playing Field with china is a good thing. Leveling is good and anything it reduces the uncertainty of the trade war by deescalating, it will be beneficial to the stock market the political theater of this impeachment process, zero impact on that. In fact, i expect china to make some huge pork purchases imminently because african swine flu has devastated their own pork production. They have lost more than half of their population this year while china has a great deal of frozen pork, prices are already soaring so theyre only going to get worse if they dont start importing large quantities of the stuff with us. Were the only country with the capacity to meet the demand for the other white meat you hear a lot of experts describe the Chinese Communist party of unassailable regime but skyrocketing food prices are one of the few things that scares the heck out of authoritarian regimes. They started as full riots now about free speech. We always hear that president xi is invincible. They have taken to calling him the king according to the ceo of a big time American Industrial company that just came back from china. But food inflation, thats how kings get dethroned. Thats right the chinese need to buy american pork regardless of what is happening in washington today. Thats why i like tyson foods that stands to make a fortune if pork prices surge. Why is that . Because they sell pork themselves but well also be eating more beef and chicken its going to become more affordable versus pork thats right in tysons wheel house. Id buy it right here. With or without the big chinese ag purchases if a thousand american flowers are blooming in china then you probably want to own nvidia that just had a ton of deals with Chinese Companies for its tips used in autonomous driving and Artificial Intelligence and gaming its a prelude to finally giving them permission to acquire them. Be i the way, the ceo told us when we went out there would close the deal would be immediately added to their earnings but the chinese regulators havent signed off on the deal even as the eu did today sending them to a new 52 week high. I think that good news beckons it doesnt hurt that the technicals are on your side with nvidia as they pointed out just last night on our off the charts segment, she predicted a huge run on nvidia. She could be right we also got still one more up day from many of the retailers that are most hostage to china and when we think of it, we think of kohls, gap, macys, we think of nordstrom these are the companies that hadnt been able to mitigate the cost of the tariffs to wall streets satisfaction. Im okay with that but i think this rebound is getting a little long in the tooth. And then casino stocks jumped on word that china will loosen restrictions on its gambling haven. Something that will bolster those that do win and las vegas sands. I like those over and over again what matters in this market isnt washington. Its the fundamentals. Today facebook and instagram is the Gold Standard for online advertising. Facebook blow through 200. It doesnt matter what the politicians say. Facebooks users and its advertisers, they love the platform the pinaction here was so posit that the twitter stock went up as i see it, every day congress spenl spen spends focused on President Trump is another day another big cramer fav i love saying that tesla is closing in on elon m k musk this time the move is fuelled by the woes of their high end competitors in europe. Stories have delayed deliveries from european auto makers. Drove the stock up 14 to 393. At the same time, netflix rallied again. This time by five points disney plus doesnt seem to be eating into their sales too badly. Now after the close, we heard from micron, the commodity Semiconductor Maker i told you to expect a good quarter and thats what i got. The friend of the show said that the quarter would mark the bottom for microns business the future is looking better than the past. No wonder its trading again omorrow. It welcomes a serial disappointor by the way. They only declined a couple of bucks and the news is that the market assumes that fedexs problems are fedex specific you should be willing to more than you should do some buying while todays impeachment debate doesnt seem to do much damage it was met with no buyers today and thats not what you want to see if youre hoping for smooth sailing Going Forward into your end. Even if we have a few down days coming up, more of the market being overbought than the president being overimpeached. Market history says its a mistake to freak out about the impeachment process. Stick around and ill tell you why. Why dont we go to dave . Dave. Jim, i just want to thank you for sharing your market knowledge, your hard work and enthusiasm delivered on well over 3,000 plus shows. You have unquestionably impacted my approach as a serious investor well, dave, im thrilled about that lets talk about a stock, though what stock would you like to talk about well, i want to talk about the Market Outlook for 2020. Whats in store . 2019 has delivered s p to date up 27 . Right. Were in the 11th year of a bull market and the fed has resumed its bond purchasing program. On the other hand expected head winds include sluggish Global Growth and negative global debt topping out above 17 trillion and the u. S. Two year ten year yield curve inversion. But were not going to let these particular issues really blind us to the opportunities that i see and in the show tonight were going to be talking about how tech turns out to be the best way to go regardless of the political implications and im going to stick with that for now even though i know shortterm it might be overheated. The averages barely budged today but im urging you not to freak out. Mad money tonight, when clinton was impeached the market gained. Its mad money impeachonomics. How did i get a fresh peach . Theyre out of season. Investors kept cooler heads through the last impeachment inquiry . But how could it effect your portfolio. Im going to see if the performances could offer any clues. With a vote taking place this very evening, im going to get the latest with aman javers. So stay with cramer. Dont miss a second of mad money. Follow jimcramer on twitter have a question . Tweet cramer, madtweets send jim an email to madmoney cnbc. Com or give us a call at 80743bc10cn miss something head to madmoney. Cnbc. Com. Do you have concerns about mild memory loss related to aging . Prevagen is the number one pharmacistrecommended memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Most people think as a reliable phone company. But to businesses, were a reliable partner. We Keep Companies ready for whats next. man we weave security into their business. second man virtualize their operations. woman and build ai customer experiences. second woman we also keep them ready for the next big opportunity. Like 5g. Almost all of the fortune 500 partner with us. woman when it comes to digital transformation. Verizon keeps business ready. vo the flock blindly flying south for the winter. They never stray from their predetermined path. But this season, a more thrilling journey is calling. Defy the laws of human nature. At the season of audi sales event. [ drathis holiday. Ahhhhh ahhhhh a distant friend returns. Elliott. You came back and while lots of things have changed. Wooooah woah its called the internet. Some things havent. Get ready for a reunion 3 million light years in the making. Woohoo yeah we are back. Its time to check in. He has brought us action from d. C. I know that you have every angle covered. Youre inexhaustible whats the latest and is the Drama Building were in the final leg of todays marathon debate in the house over the articles of impeachment against President Trump. Both sides coming down now to their closing arguments. Republicans said this is all just sour grapes left over from 2016 democrats say that no one, not even the president is above the law. The risk is real. Our democracy is at peril. But we are not without a remedy prescribed by the founders for just these circumstances impeachment. The only question is will we use it well, clearly, jim, the answer is yes and the house is on track to begin voting on the articles of impeachment around 7 30 to 8 00 p. M. Eastern. After that, the president will become just the third in history to be impeached by the house though this time that vote will be largely along party lines, jim. Thank you so much you are doing a fantastic job and i really appreciate you keeping us updated good to see you. Thank you now look at the action today it might seem like this market has a very hard time incorporating what we just talked about the impeachment of a sitting president. Im sure that many of you are astonished blown away by the cavalier way it plowed higher despite the horrific headlines. The house of pain. And a level of ran corr in washington that seems reminiscence of when they were trying to get through the compromise of 1850 before the civil war but i have to tell you its doing a great job of reacting to the impeachment process. Why . Because whats happening today is momentous, its just not month m momentous to wall street nixon had been forced to resign and because of the opposition controlled both houses of congress the gop had 1 5 5 seats and they only needed 12 democratic defectors to remove clinton from office now the democrats didnt break ranks. A few republicans did. The actual vote was 50 50. President clinton was acquitted. Im betting a trump impeachment will play out the same way so is wall street. Thats why the market could get into the impeachment inquiry regardless of how you feel about the actual investigation, trump is in much better shape than clinton because his Party Controls the senate and this probably doesnt need to be said but ill make it explicit anyway you need a 2thirds majority to remove a president from office 20 republican senators would have to switch sides and that seems unimaginable to me id be surprised if theres more than one or two republicans that vote to convict. At the end of the day, impeachment is a political process and when you look at the political dynamics, its pretty obvious trump will be acquitted. Im not saying its a nothing burger its an impeachment trial. But the outcome is a bit of a forgone conclusion people. Thats what he cares about he cares about the certainty something can be momentum and news worthy without being, you know, important to the market. I said over and over that as far as wall street is concerned impeachment is a side show its just not that relevant. You may want it to be but its not. When the house launched its impeachment inquiry in late september i pointed out that you should use any washington driven weakness as a buying on tpportuy because thats what worked during the clinton impeachment process. The averages got hammered when they launched the probe into clinton. That turned out to be a fabulous buying opportunity between the judiciary committees recommendation and the full vote to impeach ten weeks later, they searched 15 nasdaq skyrocketed 39 although i should point out that we got a major boost from the fed in october of 1998. Remember, even then, the fed, the fed, the fed the lesson here is pretty straightforward. If you let the impeachment inquiry scare you out of the market in 1998, you just got frightened, okay sell, sell, sell. You missed some huge gains as the stock market just kept on trucking even if the games arent quite as extreme this time around. If you sold everything september 24th and the impeachment inquiry. I got the kick me sign for you youre kicking yourself now. The trial and the senate lets get that clinton play book out again. What does he tell us if you pressumeasure from the de house voted to impeach, kind of like this vote that were taking that were waiting for, the day they voted to impeach clinton, whoa, lets take a little bit of this less than two months later the dow rallied 2. 2 nasdaq zoomed 8. 6 we take it from this day, a buying opportunity all told from the beginning of the impeachment inquiry the averages gave an incredible run. The dow surged 21 s p is up 26 . The nasdaq was up 56 . So lets just say the buyers have history on their side after we got the clinton impeachment over, we have a glorious year for the stock market really fabulous. Kind of left out the right shoulder there the dow finished up 25 for 1999 s p gained 19 nasdaq rocketed 85 . But that was it. Impeachment was irrelevant you had to use any weakness to buy and then to buy and then to buy. Beyond the history theres an even more important reason why it doesnt matter. While the impeachment headlines might dominate the front page, they dont make it to the business section why should they . Back at my old hedge fund, i like this one. Back at my old hedgefund whenever someone would bring up something ripped from the headlines that sounded daunting but had nothing to do with business id always say what does that matter to the price to earnings ratio of Bristol Meyers it still rings true. Bristol meyers valuation is determined by what youre willing to pay for its future earnings the clinton impeachment had zero impact on the future earnings. The trump impeachment would play out the same way now theres always some and argue that this should play a role like its inflation or gdp growth or federal funds rate but the simple fact is its not theres no reason stocks should go down just because the president gets real bad publicity. Whatever you think of the ukraine thing, right we got a pretty Strong Economy going here lower Interest Rates nothing happening in washington right now is going to change that so forgive me if i emphasize it again but the impeachment and trial of President Trump has nothing to do with the price to earnings ratio or Bristol Meyers or any other stock for that matter finally, you have the argument i have been coming back to for ages you have to own stocks because what the heck else are you supposed to own . What the heck else are you supposed to do with your money are you going to call your broker and say heres what i want to do i want to swap out all of my stocks and go into beyonds which yield almost nothing President Trump wont be convicted in the senate. Doesnt sound that rational to me now if you stick with what roared back during the clinton impeachment with the stocks that could lead us higher now because you know my mantra, theres always a bull market somewhere and the bottom line is right now theres a ton of bull markets. Thats right it may not be classy but im here to help you profit from these impeachment proceedings because you know what, the show isnt mad politics its mad money and on mad money we never stop nthuing for the next bull market for you stick with cramer. Apps are used everywhere. Except work. Why is that . Is it because people love filling out forms . Maybe they like checking with their supervisor to see how much Vacation Time they have. Or sending corporate their expense reports. Ill let you in on a little secret. They dont. By empowering employees to manage their own tasks, paycom frees you to focus on the business of business. Music history doesnt repeat itself but it often rhymes. Its really pretty astonishing how much of what was working then is also working now back in the 90s, the late great mark hanes, an amazing host for cnbc used to call me reverend jim bob from the church of whats happening now i loved the name but what was working in 1999 turned out to work for a lot longer than anyone expected even if the dot com crash temporarily reduced some of the games. Lets see if they can give us any insight into how to handle the trump impeachment proceedings. The best in the dow jones average wasnt in the index back then but it sure is now. Care to guess . I think i replaced my app with my peach here it is apple. Up 100 someone gave me a new shiny one. Up 151 for the year of the last senate trial of a senate president. Isnt that incredible . This was the beginning of a much larger run lead by steve jobs after his return in 97. It works now own apple, dont trade it, please cisco was at the center of the internet boom. They were considered to be the backbone of the entire build out but cisco flew way too close to the sun back then. Rallied 130 and then soon fell back to earth plummeting to the Single Digits as its clients went belly up, 1999. It just kept going and going and going. Even today the stock still hasnt fully recovered the amazing thing is that cisco survived frankly at all. Now youre getting one of the best buying opportunities because Ceo Chuck RobbinsCeo Chuck Robbins, he incredibly reinvents the Company Making cisco more of a software of internet of things play with a portfolio. Thats for the enterprise. Its not now back in 1999, Interest Rates were much higher not now though which is why s ciscos yield is so enticing to me their best performer was wall street the the fact that its only up 70 in 1999 g