AND THANKS FOR HAVING IS MY LAST TRADE. >> ALL RIGHT. THANK YOU, ALL, AND THANK YOU FOR HAVING ME RIGHT NOW, AND THANK YOU FOR WATCHING "FAST MONEY". >>> MY MISSION IS SIMPLE, TO MAKE YOU MONEY. I AM HERE TO LEVEL THE PLAYING FIELD FOR ALL INVESTORS. THERE IS ALWAYS A WORK SOMEWHERE, AND I PROMISE TO HELP YOU FIND IT. "MAD MONEY" STARTS NOW. >> HEY! I'M KRAMER. WELCOME TO "MAD MONEY", WELCOME TO . I AM JUST TRYING TO MAKE A LITTLE BIT OF MONEY. SO, TO CALL ME AT ONE 800 -- THIS MARKET ALMOST FEELS BLASPHEMOUS TO ME, BECAUSE WE ARE BEING LED BY AN OUTRAGEOUSLY BULLISH COMBINATION OF STOCKS, THAT SHOULD NOT BE GOING HIGHER AT THE SAME TIME. NOBODY WANTS TO SAY IT, BUT I DON'T KNOW IF I CAN RECALL A MOMENT WHERE WE HAD SUCH DISPARATE STOCKS CLIMBING TOGETHER TO NEW HIGHS. YOU ASKED ME A FEW WEEKS AGO, I WOULD HAVE TOLD YOU THIS COMBINATION TODAY IS NOT CONCEIVABLE. THAT IS WHAT HAS HAPPENED. DOW GETTING ANOTHER 350 POINTS TODAY, S&P, RECORD CLOSE. NASDAQ, YOU GUESSED IT, RECORD CLOSE. THIS ACTUALLY DEFIES THE WHOLE NATURE OF THE CONVENTIONAL WISDOM OF WHAT CAN HAPPEN WHEN WE ARE AT THIS PART IN THE CYCLE. FOR THE OLD DAYS, CRASHING IN 2008. WE WOULD BE CELEBRATING DAILY TODAY, SO NOW IN A CERTAIN RESPECT, THEY JUST TRY TO IGNORE WHAT IS HAPPENING, SO THEY CAN O BACK, GO BACK TO TALKING ABOUT HOW THE CONSUMER IS TAPPED OUT, OR SOMETHING WE LEARNED ABOUT FROM SOME INCREDIBLY WEAK RETAIL SALES NUMBERS JUST THIS MORNING, OR HOW INFLATION IS STILL RAGING, AND IT IS FRIGHTENING THE BUDGET DEFICIT, A CONSUMER PRICE INDEX IS TOO HIGH, THERE WERE EVEN PEOPLE COMPLAINING ABOUT HOW THE ECONOMY IS JUST TOO HOT, STILL. I KNOW! I SAW IT TWICE THIS MORNING. I WANTED TO REACH IN AND GRAB IT, BUT I COULDN'T BECAUSE THEY WERE RIGHT THERE. THEY WOULD HAVE HURT ME. OKAY, LOOK. IN NEGATIVE SPIN ON ALL SORTS OF POSITIVE NEWS, NOT ONLY NO CELEBRATION, NO POSITIVE NATURE, BUT REALLY, AN OUTRIGHT PESSIMIST, PESSIMIST DAY. I DON'T KNOW WHAT THEY CAN DO WITH IT. AND THEN, THERE WERE THE STOCKS THEMSELVES. YOU LISTEN TO THE STOCKS, THEY ARE SAYING, SHUT UP AND DRIVE. THEY ARE SAYING, YOU MUST NOT LISTEN TO ALL OF THIS, THESE BILLIONAIRES THAT ARE DOING THEIR BEST TO SCARE YOU TELLING YOU, THOSE PEOPLE ARE AWFUL. THE BEARS HAVE HAD IT WRONG. THERE ARE JUST TOO MANY GROUPS GOING HIGHER ALL AT ONCE. THAT IS WHAT IS HAPPENING. LET'S DEAL WITH THE ACTUAL STOCKS. HOW COULD JP MORGAN, BANK OF AMERICA, QUALIFIED MATERIALS CONSTITUTE? HOW COULD SOUTHERN UTILITY FIT IN THE LIST? WHAT IF BOSTON SCIENTIFIC HOLDS ANOTHER COMPANY, IN TANDEM WITH 52 WEEK HIGHS? IT IS ALL ABOUT THE ZEITGEIST OF THIS VERY ODD, VERY BULLISH HUNT. LET'S GO OVER WHAT IS REALLY HAPPENING WITH THIS TREMENDOUS RALLY, BECAUSE THAT IS EVERY PART ABOUT HOW THIS BUSINESS WORKS. I AM GOING TO LISTEN BECAUSE IT IS THAT SPECIAL. FOR YEARS, WE HAVE BEEN TAUGHT -- YOU ARE EITHER IN ONE KIND OF MARKET OR ANOTHER, BUT NOT BOTH. YOU CAN SAY EITHER YOU GO HIGHER, OR OTHER GROUPS GO HIGHER. RALLIES, OR GOES DOWN. NOT THIS TIME. NOT THIS TIME. WE HAVE A TON OF INDUSTRIALS, BANKS, UTILITIES, AND TAX ALL GOING UP AT THE SAME TIME. THAT ALMOST NEVER HAPPENS BECAUSE UTILITIES GOING UP TO A RECESSION, INDUSTRIAL GOES DOWN WHEN WE ARE HEADED TO AN INFLATION. TECH RALLIES, INTERNET, DATA CENTER, IN THIS CASE, ARTIFICIAL INTELLIGENCE. FINANCIALS SOAR WHEN INFLATION IS GETTING UNDER CONTROL AND THE CONSUMER IS STRONG ENOUGH TO PAY BACK LOANS BUT RATES STAY HIGH. HOMEOWNERS MOVE UP WHEN RATES ARE ABOUT TO PLUMMET. THOSE ARE BASICALLY HAPPENING AT THE SAME TIME. WHAT KIND OF VACUUM IS THIS? THE STOCKS MEETING US HIGHER ARE SUPPOSED TO BE MUTUALLY EXCLUSIVE. WHAT DOES THAT SAY ABOUT THE PEOPLE BUYING STOCKS? IT SAYS THERE ARE MANY DIFFERENT CAMPS OF INVESTORS RIGHT NOW, MANY DIFFERENT GROUPS OF BUYERS AND PERHAPS BY MISTAKE, THEY ARE CONVERGING. A WEAK CPI COULD PUT RATE CUTS BACK ON THE TABLE, SO THEY BODY INDUSTRIALS. THERE IS ANOTHER CAMP THAT SAYS YOU CAN BUY THE STOCKS -- I'M SORRY -- BY THE BANKS, BECAUSE EVER SINCE LAST YEAR'S CRISIS, THEY HAVE GOTTEN SO CHEAP AND YOU CAN OWN THEM WITHOUT HAVING TOO MUCH TO WORRY ABOUT. [ SOUND OF GUNFIRE ] THERE IS A CAMP THAT THINKS THE FEDERAL INTEREST RATE IS HIGHER BECAUSE OF A RECESSION, SO THAT THE RECESSION BREEDS UTILITIES, SO THEN WE HAVE THE WEEK SALES NUMBERS OF THIS MORNING. THAT TAKES OFF BECAUSE THE SECTOR OF GROWTH, NO THANKS TO THE ARTIFICIAL INTELLIGENCE BEEN, DURING NVIDIA. I SAW IT WITH MY OWN EYES TODAY, WHEN I TALKED TO BILL REDDY, THE CEO OF PINTEREST, WHO HAS BEEN USING NVIDIA CPU CHIPS FOR INFERENTIAL PICS. THE HOMEOWNERS CANNOT BECAUSE MORTGAGE RATES ACTUALLY WENT DOWN TODAY. BIG DEAL, IT SEEMS LIKE THE 10 YEAR WAS HEADED INTO A FIVE AND THAT WOULD HAVE DRIVEN RATES UP TO 8%, BUT THEN WE GET THAT COOLER MARK THIS MORNING. SECOND, THIS KIND OF RALLY IS BUILT ON SKEPTICISM. MANY INVESTORS BELIEVE THAT THE KEY TO THIS MARKET IS THE CONSUMER. WITHOUT THE CONSUMER, THEY SAY, YOU CAN'T GET TO ALL-TIME HIGHS. >> THEY KNOW NOTHING! >> THAT SENTIMENT HAS LEFT SO MANY BEHIND TRAMPLED BY THE BULLISH STAMPEDE. THEY JUST WEREN'T ABLE TO THINK ABOUT SOMETHING DOWN THE SAME, OLD TATTERED PLAYBOOK THAT NO LONGER FITS THE MARKET. WHO NEEDS A CONSUMER WHEN YOU HAVE THE ENTERPRISE? IN TRUTH, YOU JUST DIDN'T NEED THE BREADWINNERS OUT THERE. PLUS, WE HAVE OPENED UP THE CHANCE THAT CONSUMER STOCKS COULD BE THE NEXT TO RALLY, IF WE GET MORE SIZE, THEY MAY WANT TO CUT RATES. THAT WILL MAKE A LOT OF QUARTERS FOR THE COMPANIES WHO ARE IN RETAIL THAT ARE NOT THAT GOOD, LOOK BETTER. AND YOU KNOW WHAT? DIDN'T WE JUST SEE A GIGANTIC WAVE OF UNEXPECTED LAYOFFS THAT SHUTTERED RED LOBSTERS? UNEMPLOYMENT COULD BE TAKING UP. ONE POINT, IF YOU ARE WAITING FOR THE CONSUMER BREAKOUT, YOU WOULD HAVE MISSED SUCH INCREDIBLE MOVES. I MEAN, CONSUMERISM IS IN GOOD SHAPE, THE FED WOULD BE GETTING READY TO RAISE RATES AGAIN, WHICH WOULD OBLITERATE EVERYTHING ON THE NEW HIGH LIST EXCEPT UTILITIES. YET, THIS WEIRDLY BROAD-BASED RALLY WOULD BE TRULY IMPOSSIBLE IF THE CONSUMERS' THOUGHTS WERE LEADING AND THE CONSUMERS WERE REALLY SPENDING LIKE AD. THIRD, YOU KNOW WHAT? THE BILLIONAIRES -- [ SOUND OF GUNFIRE ] THEY COULDN'T KILL US. A WEEK AGO, CARD-CARRYING BILLIONAIRE AND VERY NICE PERSON CAME ON OUR AIR AND SAID HE EXPECTS A REGIONAL BANK OR TWO TO FAIL EVERY WEEK. THAT IS AN INCREDIBLY DIRE FORECAST. >> THE HOUSE OF PAIN! >> COULD YOU SEE J.P. MORGAN, BANK OF AMERICA, AND STANLEY, ALL HITTING THAT HIGH? IF YOU BELIEVE HIS DOOM AND GLOOM, YOU GET LEFT IN THE DUST AND YOU SHOULD GET OUT NOW, FRANKLY. I WANT A BULLISH BILLIONAIRE TO COME ON HERE AND SAY, INVEST IN MICROSOFT, SOME SUPPLY MATERIALS, SCHWAB IS GREAT, MAYBE SOUTHERN CONFERENCE, LILLIAN BURKE, TWO COUNTRIES THAT ALSO WORKED ON THE HIGH LIST. IMAGINE IF SOMEONE CAME ON -- IMAGINE IF A BILLIONAIRE SAID THAT, JO, JOE, BECKY, I REALLY LIKE IT HERE. ANDREW, YOU KNOW WHAT? I AM BUYING A LOT OF STUFF. CAN YOU IMAGINE THAT? HE WOULD SIT THERE AND YOU WOULD SAY -- WOW, I AM REALLY LEARNING SOMETHING. FINALLY, LET US RECOGNIZE THAT MANY INVESTORS HAVE BEEN BRAINWASHED INTO THINKING THERE IS SIMPLY ENOUGH MONEY TO GO AROUND. HERE, I THINK THEY ARE MISSING A LACK OF NEW SHARES, CREATED BY A WEAK IPO MARKET, A BULLISH INVESTOR WHO TENDS TO PUT MONEY IN INDEX FUNDS. THINK ABOUT IT LIKE THIS, IF YOU OWN A STOCK WITH A HUGE BUYBACK LIKE APPLE, AND WE KEEP GETTING WAVES OF MONEY COMING OVER THE S&P FUNDS, YOU END UP WITH A STOCK WITH A SUBSTANTIAL SHARE THAT BASICALLY NEVER MOVES. CLEARLY, A GIGANTIC SUM OF OWNERSHIP BYPASSES INDEX FUNDS. THEY DON'T TRADE. THEY BUYBACK STOCKS FOR ADDITIONAL STOCK, AND THEN QUENCH IT. ANY ECONOMISTS THAT USE RATES WITH ACTUAL MONEY COMING INTO THE S&P, IT PICKS UP STOCK AND PUTS IT AWAY. THAT MEANS IT IS ACTUAL BUYERS, NOT INDEX BUYERS, BUT ACTUAL BUYERS THAT HAVE ACTUAL COMPETITION FOR SHARES. WHEN YOU HAVE MULTIPLE BIDDERS LIKE GIANT COMPANY BUYBACKS AND HUGE S&P BUYERS, THEN WHEN A NATURAL BUYER COMES IN, SAY THEY WANT TO BUY 2 MILLION SHARES OF A COMPANY, WELL, THAT BY COULD MOVE UP A STOCK. EVEN A STOCK LIKE APPLE. SO, LET ME GIVE YOU THE BOTTOM LINE OF THIS AMAZING TIME. IT IS A STRANGE CONFLUENCE, A REMARKABLE, UNSEEN, UNRECOGNIZABLE BULL MARKET. WHEN THAT HAPPENS WHEN THE BUYERS SEE EVERY GLASS AS HALF- FULL, EVEN IF THEY ARE WRONG. EVEN IF THEY ARE WRONG, BECAUSE THEY'RE BUYING CAN MAKE THEMSELVES RIGHT, JUST BY BEING AGGRESSIVE ENOUGH. AND THAT IS REALLY WHAT HAPPENED TODAY. LET'S GO TO RYAN IN FLORIDA. RYAN? >> BOO YEAH, JIM. >> BOO YEAH, RYAN. WHAT IS GOING ON? >> MY DAD AND I ARE FANS OF YOUR SHOW. LOOK, YOU CAN'T BREAK MY HEART TODAY. AT THESE CURRENT LEVELS, I LOVE IT, I HAVE BEEN BUYING A LOT OF IT. I KNOW THE CEO DIDN'T LOOK TOO GOOD ON THE LAST INTERVIEW WITH YOU, BUT THE DRIVERS ARE ALWAYS IN TACT AND THEY ARE TRYING TO ROLL OUT MORE DEALS TO BRING IN MORE CUSTOMERS AT THE END OF THE DAY. WHAT YOU THINK ABOUT STARBUCKS OVER THE NEXT 10 TO 24 MONTHS? >> I THINK STARBUCKS' STOCK IS TOO CHEAP. I THINK THEY HAVE TO BE REALISTIC, THAT THE TURN IS GOING TO TAKE A WHILE, AND A PLAN INCLUDES HAVING, SAY, A STARBUCKS TWO, LIKE PANERA TWO, WHERE THEY REALLY FIGURE OUT HOW TO HANDLE THROUGHPUT, AND FIGURE OUT HOW THE BARISTAS CAN MAKE THE DRINKS, HOW TO HANDLE THE LINES, MOBILE ORDER PAY WITHOUT CUTTING IN FRONT AND THEY HAVE TO DO THOSE THINGS. WHEN THEY DO THAT, THEY WILL GET IT RIGHT. SO, NO, MY TRUST OWNS IT, BUT MY TRUST IS DOWN A HUGE AMOUNT, AND WHEN THAT HAPPENS, IT IS MY FAULT. OKAY? IT IS MY FAULT, BECAUSE I BELIEVE. AND WHEN YOU BELIEVE, AND A STOCK GOES DOWN, IT IS ON YOU, NOT ON THEM. THE BULL MARKET WE SAW TODAY IS ONE THAT HAPPENS WHEN BUYERS SEE EVERY GLASS AS HALF-FULL, AND EVEN IF THEY ARE WRONG, THE BUYERS THEMSELVES CAN MAKE THEM RIGHT AS LONG AS THEY ARE AGGRESSIVE ENOUGH. LET ME TELL YOU, I AM DIVING INTO THE LATEST. TODAY'S CPI, WE WILL SEE WHAT THESE NUMBERS FOR THE STOCK MARKET. >>> THEN, COULD CONGLOMERATE BREAKUPS BE YOUR MONEY BREAKUP? I AM LOOKING AT TECHNOLOGY AND GE, AND ANOTHER ONE IN THERE. >>> IT HAS BEEN HALF A DECADE SINCE PINTEREST IPO. SO, I SAT DOWN WITH THE CEO TO SEE WHAT IS AHEAD FOR THE SOCIAL MEDIA STAND OUT. SO, STAY WITH CRAMER! >>> DON'T MISS A SECOND OF "MAD MONEY". TWEET @JIMCRAMER. SEND JIM AN EMAIL TO , OR GIVE US A CALL AT
