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Transcripts For CNBC Mad Money 20180116

Ten months where the dow briefly hit 26,000 nasdaq climbed with breathtaking declines for the top and the bottom, i still like this market yes, i do. I like this market and at the risk of sounding like dr. Seuss, i like this rally, sam i am if i dont keep saying i dont like this rally, green eggs and ham, i will say, i do not like it sam i am. So dealing with the bull market that is in beast mode. But we now know is subject to periodic fits of over exuberance no one ever got hurt taking a profit now i tell this basically, homily to you constantly even if you have gains on paper, those arent real. Gains do not turn into real winnings until you ring the register say you got a huge position in amazon, congratulations, there is nothing wrong with taking a profit on some of your shares. The real crime would be giving back your gains in the stock because you overstayed your welcome. We talk about this thing every day as part of the ongoing behind the scenes in dialogue. Discipline says we ne ....

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