A huge day for the bulls. To understand this kind of rally, you need to look rally, you need to look at the market through the eyes of a gigantic hedge fund manager, one that takes huge swings that can impact the market, especially when there are so many likeminded funds doing the exact same trade. The average having done nothing so far this year and were already middle of march and with the biggest move being that 6 swoon. The hedge funds, the ones that like to bet against the market, theyre feeling mighty emboldened. These pessimists hadnt been hurt all that badly when the market rallies and declines in individual stocks have been pretty staggering, particularly industrials and the big negatives have been stemming from overseas and when its overseas, not the United States and when its overseas, the fear factor is usually much higher out of ignorance. Its a little silly that the proximate cause of this years biggest decline was caused by some sort of problem in turkey or was argentina . I forget but i can google it after the show. Second, the persistent cold weather has created such a negative backdrop that highly visible companies routinely missing the estimates, like most retailers, restaurants, Apparel Companies and the like. Third, the biggest momentum names have certainly cooled. The amazon missing the revenue number, that was brutal. How about salesforce. Com breaking down a terrific quarter. The short sellers can go after a lot of stocks if those two companies, umbrella companies, act squirrely. Fourth, perhaps because it is st. Patricks day, today we got to demonstration throughout the whole show, we have to demonstrate froth, as usually frothy stocks, like plug power and fuel cell, not to mention some small biotechs, have taken the place of the Higher Quality tech stock leadership, as well as some of the biggest biotechs like gilead, which suddenly found themselves under assault. The professionals know this kind of froth is a real bad sign. Ive said over and over again as long as the froth is contained to one or two portions of the market, then were okay and you could even profit from the froth in the ipo market. More on that later. But suffice it to say the more senior Hedge Fund Traders cant resist shorting all stocks when they see things are as frothy as they are. Fifth is china. Boy, chinas become a mess. And weve never really known no one really knows what goes on within the peoples republic. We dont trust the chinese, we dont trust their data, we dont trust their government. But we still make estimates on the reports they put out, industrial numbers and the like, and the estimates have all been too high since 2014 began. No matter what the chinese do anymore, they cant hit these estimates and yet weirdly the estimates continue to remain high. Remember what has to happen to break the cycle of pain. First the estimates need to come down to a level where they can be beaten, and our stock market has to stop caring about china. Those two things will occur simultaneously, but were still not there yet, which is why the commodities and Machinery Companies have been free fire zones for all sorts of short sellers. Theyve become cantmiss shorts frankly. So its within this environment that weve got the crisis in ukraine and crimea. Given all the weakness and hand wringing about the slowing of global growth, i think it seemed to most hedge funds like the one sure thing would be that the market would take a real hit and tank after the crimean election yesterday that we all knew would be won by the russian faction. Theres Vladimir Putin seeking to take over ukraine, or at least at least a part of it, lest it eventually join nato splitting the european flag and splitting the navy from russia. Now i never like to make hitler comparisons, but this situation does look eerily similar to the runup to world war ii, when germany was always charging that other countries were mistreating ethnic germans and then provoking those countries to take actions so they could go on the offensive. Putins a nicer guy than hitler, most backhanded compliment ever. And russia today is a minor league threat compared to nazi germany back then. But you have to admit putin is using hitlers play book in asserting ukrainian thugs are mistreating ethnic russians so therefore its time to take action . Then along comes secretary of state kerry saying if crimea holds a referendum this past weekend, there will be severe repercussions and the russians will have to pay for their transgressions against the free people of ukraine. Since we knew there would be an election and we knew what the results would be ahead of time, you had to believe kerry would come in with some hard sanctions today that could both make putin retaliate again and cause russias oligarchs to sell their western holdings, les they fear being confiscated. That fear of confiscation trade occurred all last week, you had to believe it would ratchet up not if but when kerry went ballistic on schedule today. So that seemed like a time to go short thats what the short sellers were expecting. But its not how things played out. The first inkling things may have gotten to aggressive, wheres crimea, wheres the saber rattling, wheres the stories . Then we got word that russia had taken some gas facility on the border and i figured this is precisely the kind of action that the Ukrainian Army would respond to. The provocation that really got things going. But ukraines army did not comply with what the shorts wanted. They did nothing and the times barely covered it. People yawn, caring much more about who was the first seed in the eastern conference and whether Wichita State deserved first seed in the midwest. Bracketology replaced kremlinology. The last straw came this morning when the european markets opened up and it was pretty clear that both europe and the United States went with the munich bottle while giving the short sellers nothing to grasp. No wonder the market went higher and started a little froth comeback today. The shorts were less scrambling when neither the u. S. Or germany came in with anything punitive. The bottom line is that in the absence of something more cataclysmic from the allies and in the face of a decent u. S. Economic backdrop, theres just no real good case to be short coming in today. So we get a rally that may be setting us up for the next putin inspired fall, one thats probably around the corner but alas, if it isnt scheduled like the crimean elections, the market is yawning and saying who cares. How about kristy in california, please. Hi, this is kristy. Booyah i covered your area very closely. There was a woman, a checker in the supermarket put a hit out on somebodys husband. What a story. Now it kind of dates me. Go on. I have a brother thats a trader and a dad thats a holder. And they introduced me to the stock market and your show. Okay. And so i did research on companies and i bought Hawaiian Airlines. Hawaiian airlines is all right. I Like Alaska Airlines more than Hawaiian Airlines because Alaska Airlines is a really wellrun company. My favorite is and is going to remain american because of that merger with u. S. Air and my second favorite is delta. Theres no way weve heard the last of putin but until hes back in the news, it gives you a lot to rally with. Coming up, lost in translation . Wondering whats with all the froth talk . Its not about the head on your green beer. As stocks climb, wall street starts to question whether some have run too much. Tonight cramer points to the places causing the most concern. Find out if the worry could hit your wallet. Dont miss a second of mad money. Follow jimcramer or give us a call at 1800743cnbc. Save you fifteen percent or more on car insurance. Ould yep, Everybody Knows that. Well, did you know the ancient pyramids were actually a mistake . Uhoh. Geico. Fifteen minutes could save you fifteen percent or more on car insurance. We know 2013 was a monster year for initial Public Offerings and so far that year that pattern has held up, especially with the Cloud Computing and biotech ipos, not necessarily the companies that are already public, but the ipos, which have been forming so well that, frankly, its gotten downright giddy, if not insane. I think a great deal of this biotech deals have gotten too hot to handle. I think they represent froth, similar to the heady froth that we have on this green beer today to celebrate st. Patricks day. But froth is not a great sign on the overall market, even if it is a great sign to have in your beer. However, when you catch the right ones, theyve been making a big money, welcome castlight health. Thats worth having a guinness over, maybe after the close. So tonight i want to take a look at this weeks upcoming iposs to help you figure out which represent real opportunities here and which could be worth trying to grab a piece for maybe just a good trade. We are not recommending speculation, were recommending trying to get some stock on the deal and then maybe sell, sell, sell. These are three cloud ipos coming soon, even though theyll be too expensive immediately. Thats okay. Well make money on the deal. First we have paylocity. This of this as a miniature version of workday, which has been one of the best performing cloud plays out there, even though its pulled back of late. Butch we stand behind workday. Paylocity has this payroll business where it competes directly with old school pay roll processor looks paychecks and adp and paylocity has been pretty good at poaching business. Also not just workday but cornerstone on demand has made you a fortune and paylocity is growing like a weed. Best of all, these cloud plays are pretty much always extremely overvalued on traditional metrics because the investors are really just looking at the scale of the opportunity that the tam, total adjustable market that i teach you about, paylocity is supposed to be trading at 14 to 16 wednesday, and its a discount to the Group Average of seven times sales and much cheaper than cornerstone sales because that sells at 10. 5 times sales. If can you get a piece of the paylocity ipo, i say give it a chance. Thats how these particular stocks trade, so a discount in comparison to the group makes for what i call a relative bargain, even if the entire sector is exceedingly expensive versus the average stock. We want in on an ipo to make that money. Second upcoming cloud ipo is called globo force, which will trained the symbol thank, thnx its a platform that helps increase workforce engagement, raise employee morale. All while lowering stress. I had to bring that in myself. Absenteeism and turnover. Remember, turnover is one of those big hidden costs for all companies because it costs them money to train new employees. The way this works is the globoforce software finds employees that are doing well and rewards them. I cant believe theyve automated this. They used to give you a couple hundred bucks and tell you to buy a suit. It has a lot of blue chip customers, 1. 9 million users and its taking share in the north american recognition market, expected to be worth 22 billion in 2016, stock is expected to price friday between 16 and 18. Again, i think its worth trying to get a piece of this one. The third upcome being ipo cloud that i like, its q2 holdings, which will trade under the symbol qtwo. They provide all the bankwide needs of the consumers. Basically qtwo is a play on the shift to Online Banking and the need by Smaller Banks to be able to match the desktops and offerings of larger competitors. Qtwo tries to upsell the Bank Customers with various Services Like fraud potential, mobile pay. Their platform already serves 334 banks. Your banks web site may be run by these guys already. Qtwo is not yet profitable. Last year it grew billings and the Company Expects 30 Revenue Growth going forward. I think the online and mobile banking business is a tremendous opportunity and qtwo has only begun to scratch the surface. Because theyve had such longterm contracts, five years and just low turn, 3. 6 , the company has a ton of visibility. They can see how theyre going to make their money oaf the years. Growth and stock investors love that. That said weve seen a little selling by some executives here. Qtwo is expected to price on thursday somewhere between 11 and 13. This is another upcoming cloud ipo that i would jump all over. These arent the only cloud deals coming this week. Frankly, again theres too many cloud deals. There are three more but those im not as excited been b. You have a10 networks, which sounds like a basketball league, it helps companies that use propriety architecture improve their performance. They had a major setback when they got hit with a patent suit. And then theres amber road, come on, it has to be a beer, right . No, it imports and exports processes to simplify chain management. When nearly all the insiders sell and the Company Operates in an increasingly crowded market, that does tamp down my enthusiasm. Finally theres border free, which provide as comprehensive web platform that allows American Online retailers to Reach International customers. But the environment is very competitive and border free itself has only 16 net new customers since the First Quarter of 2012. My bottom line, as long as you acknowledge the froth, okay, youre investing in a frothy environment, right, then i want you to play one of this weeks many ipos. These are the deals i think you should try to get a piece of. Redhot, paylocity, globoforce and q2. Stay with cramer. Coming up, if you think you missed the run, listen up. Cramer is putting some new names to the test before they hit the street. Dont miss his prognosis. And later, hot to trot . Theyre three of the most explosives stocks, all more than doubling in the past year. The one thing they have in common . Youve called them to cramers attention. But are they too hot to handle . All coming up on mad money. On a day when the market rallied like crazy, how can you benefit from all the froth out there, all the stocks that are moving up at a pace so rapid, its either ridiculous or straight up crazy. I dont think the market is frothy in general. Certainly more frothy than this now flat guiness. Brilliant theres no denying there are some specific areas that are virtually overflowing with froth, namely the Cloud Computing and biotech ipos that have been going higher and higher and higher. People are worrying they are going so much higher and ive been worried myself. Its a sign we may get crushed. If it keeps going, it may be that way. Personally i think thats taking the froth too far. So long as its contained to a few areas and has to do with just pouring badly as opposed to learning how to pour like i did at the guiness academy in dublin, theres no reason for you to be concerned yet. In fact, i say why not look at the red hot ipo market as an opportunity while it goes on. Even if you dont know where it all ends sometimes. You dont have to like the fact that these tiny biotechs are going public and skyrocketing in order to recognize the profit from it. Why cant we profit from it . Since the end of june, we have seen four biotech ipos that have more than doubled in value. And there are five more biotechs that have rallied anywhere from 34 to 90 since coming public in the last couple of months. For those of you who think this kind of action is a red flag, im not arguing with you. For those of you who think newly public biotechs are too hot to handle, i dont disagree. But you know what . We got a bunch of biotech deals coming this week and like it or not, i very much believe that the pattern of smoking hot ipos in this sector will continue for at least another couple of weeks. Why waste good green beer . Thats all you need to make a killing in these initial Public Offerings. There are three major biotech ipos this week but im on giving you my blessing on one of them and thats a Company Called mediwound. Their lead candidate is nexobrid. Now this therapy was approved but needs more time in the United States for approval. And esherex removes dead tissues on diabetic foot tissue. It just entered a phase two trial and is still a ways off from being potentially approved. Mediwound is going to be a big company. The deal is expected to price on thursday between 14 and 16 and at the mid point would have a market cap of 316 million. Thats way below what we talk about on the show. You have to approach this one with care, it very speculative. If you can get a piece of it as part of the ipo, then im blessing it. Why not . I want to you make money. We know these biotech deals have been on fire. Thats not enough for me. Im telling you to go with this mediwound. Some of it is because the main product represents a great leap forward when it comes to treating burn victims but its been designated as an orphan drug, a drug for rare conditions that get all sorts of extra incentives and additional exclusivity and the price on the drugs tends to be sky high because theres nothing else that compete with this. Nexobrid is the case for replacing surgery. This drug for removing dead skin in people with wounds could have an enormous effect. And when youre dealing with severe burns or diabetic foot ulcers, speed matters. I also like mediwoundss blood lines. The companys ceo spent nine years at teva pharmaceuticals. And they have a ton of relationships in the burn care community. You like that. But mediwound doesnt expect to turn a profit until 2018 when nexobrid comes up for approval. Im recommending this as a trade ipo. Even if it prices above the range, i think the stock will quickly trade up to 22 and get you a nice pop on trade. When you get that pop, i want you to take profits. When it comes to that, were flippers not owner. I want you to make money. Im not playing for them, im playing for you. There are a couple of other biotech deals you should watch out for this week, though im not as thrilled for them. You have akbeia company, developing a safe treatment for anemia. The current standard