>>> MY MISSION IS SIMPLE TO MAKE YOU MONEY. I'M HERE TO LEVEL THE PLAYING FIELD FOR ALL INVESTORS. THERE'S ALWAYS A BULL MARKET SOMEWHERE AND I PROMISE TO HELP YOU FIND IT. "MAD MONEY" STARTS NOW >>> HEY, I'M CRAMER. WELCOME TO "MAD MONEY. WELCOME TO CRAMERICA OTHER PEOPLE WANT TO MAKE FRIENDS. I'M JUST TRYING TO SAVE YOU A LITTLE MONEY MY JOB IS NOT JUST TO ENTERTAIN BUT TO EXPLAIN THIS STUFF. SO CALL ME AT 1-800-743-CNBC TWEET ME @JIMCRAMER. WILL YOU STOP IT ALREADY WITH THE MORNING BUYING THAT IS WHAT I'VE BEEN SCREAMING LATELY RIGHT IN THE CAMERA WHEN I'M ON THE COMMERCIAL FOR THE MORNING SHOW I'M ON. CONSIDER THESE STATS WHERE MORNING BUYERS HAVE BEEN GETTING STEAMROLLED INCLUDING TODAY WHERE THE DOW OPENED UP 94 POINTS AND ONLY FINISHED UP JUST 22 AND THE S&P DECLINED .2% AFTER OPENING UP NINE POINTS AND THE NASDAQ LOST .52% YESTERDAY JUST LOOKING AT THE S&P WE OPENED AT 5,068, UP 17.56 POINTS OR .35% AND THEN CLOSED AT 50 2. THE DAY BEFORE THAT WE OPENED AT 5064, UP .5% AND WE CLOSED AT 5051. MONDAY WE OPENED AT 5149 AND CLOSED ALL WAIT DOWN AT 5061 LAST FRIDAY WE ACTUALLY OPENED DOWN MORE THAN 27 POINTS AT 5175 BUT WE STILL FINISHED THE DAY EVEN LOWER AT 5123 YEAH WHY DO PEOPLE KEEP MAKING THE SAME DARN MISTAKE? I THINK THERE'S A WIDESPREAD BELIEF YOU CAN STILL BUY THE DIP. THAT'S BEEN THE LONG-TERM BELIEF SINCE INTEREST RATES PEAKED IN OCTOBER. IT'S WORKED BEFORE SO THEY THINK IT'S GOING TO WORK AGAIN WELL, THAT'S REALLY GOOD THINKING NOW, THOUGH, BUYING THE DIP IS THE QUINTESSENTIAL WRONG THING TO DO. IT IS JUST OFF THE TRACKS AND I'M GOING TO TELL YOU WHY. FIRST BONDS ARE IN CHARGE RIGHT NOW, NOT STOCKS. BONDS ARE IN CHARGE. AND ONCE AGAIN THE LONG-TERM INTEREST RATES ARE GOING HIGHER LIKE THEY DID TODAY, LIKE THEY'VE BEEN DOING THROUGHOUT THIS WHOLE RECENT DECLINE. SURE THERE'S BEEN A FLIGHT TO QUALITY ON SOME DAYS BUT EVER SINCE WE STARTED GETTING HOT INFLATION NUMBERS THE BOND MARKET'S BEEN DOING THE WORK OF THE FED. YET TRADERS AND INVESTORS CAN'T SEEM TO RESIST BECAUSE DIP BUYING HAD BEEN WORKING. BUT IT WAS ONLY RIGHT WHEN RATES WERE GOING LOWER IT'S WRONG WHEN RATES ARE GOING HIGHER BECAUSE YOU ARE FIGHTING THE TAPE SECOND, WHAT I'VE STARTED CALLING BROWN SHOOTS THAT'S MY NAME FOR SIGNS OF A SLOWDOWN JUST LIKE GREEN SHOOTS ARE SIGNS OF AN ACCELERATION BROWN SHOOTS CAN COME FROM COMPANIES WITH DISAPPOINTING EARNINGS LATER IN THE SHOW I'LL WALK YOU THROUGH PRO LOGIS INVESTMENT TRUST. AND J.B. HUNT ONE OF THE NATION'S LARGEST TRUCKING COMPANIES. BROWN SHOOTS ABOUND. I CAN INCLUDE TWO ORDER-RELATED NAMES, CARMAX THE USED CAR DEALER, WHICH BLEW UP WHEN IT REPORTED AND SNAP-ON TOOLS, THE RELIABLE SPECIALTY TOOL COMPANY THAT SELLS TO INDIVIDUAL AUTO REPAIR SHOPS THAT LOST AN ASTOUNDING 7.6% OF ITS VALUE ON A RARE EARNINGS MISS >> THE HOUSE OF PAIN BUT WE DON'T HAVE A LOT OF BLOWUPS IN THE MORNING SO BUYERS THINK THE COAST IS CLEAR ON MOST DAYS IT ISN'T THERE'S NO COAST IS CLEAR BECAUSE WE AREN'T TRADING ON EARNINGS RIGHT NOW WE'RE TRADING ON FEAR. AND FEAR DOES NOT LEAD TO GREAT CLOSES THIRD NOT ALL STOCKS ARE CREATED EQUAL. WE USED TO HAVE LEADERS AND THE LEADERS ARE FAILING US THE BIGGEST FAILURE, TESLA WHICH IS GOING DOWN RELENTLESSLY IN A TOTALLY SCARY PATTERN >> THE HOUSE OF PAIN HOW MUCH WILL TESLA LOSE THIS QUARTER? THAT'S THE COMMON REFRAIN. HOW ABOUT THE PIVOT TO ROBOTAXI? HERTZ TRIED THAT WITH TESLA AND THAT FAILED. WHY WOULD THAT BE BETTER FOR TESLA? THE COUNTRY'S NOT READY FOR SELF-DRIVING CARS. INSTEAD THEY WANT -- THEY SURE DON'T WANT TESLA'S CYBER TRUCK I THOUGHT ELON MUSK'S FAN BOYS WOULD BUY IT BUT THE DARN THING HAS NO WHAT'S CALLED MOJO. MAYBE BECAUSE IT NEEDS TO BE ADVERTISED PERHAPS TESLA NEEDS TO RUN A TRADITIONAL PICKUP TRUCK AD WHERE SOME GRAVELLY-VOICED GUY TALKS ABOUT DITCHING THE FORD F-150 BECAUSE THE CYBERTRUCK HAS BULLETPROOF WINDOWS. I CAN'T THINK OF ANY OTHER SELLING POINT. BEST I COULD DO. NEXT IS APPLE. I'VE SAID YOU SHOULD OWN IT, NOT TRADE IT I'M NOT GOING AWAY FROM THAT BUT IF I HAD TO BUY IT I'D EITHER WAIT TILL THE STOCK PULLS BACK TO 160 OR AT LEAST WAIT UNTIL THE COMPANY REPORTS AND THEN IT CUTS ITS FORECAST. WHAT YOU NEED TO KNOW IS STOCKS HAVE NOT BEEN BOTTOMING ON ESTIMATE CUTS IN THIS MARKET, THEY FALL AND FALL AGAIN CAN APPLE PULL A RABBIT OUT OF A HAT? SURE, ANYONE CAN ELON MUSK CAN TOO. BUT I DON'T SEE MAGIC HAPPENING YET WITH APPLE ITS DREARINESS IS SO PALPABLE THAT IT WEIGHS ON US EVERY DAY IT CUTS FORECASTS, GOES DOWN, AND MAYBE NEXT DAY GOES DOWN, GETS SOME DOWNGRADES, AND THEN IT BOTTOMS THAT WOULD BE THE PATTERN. FINAL DEVASTATING LEADER IS MY PAL NVIDIA WHICH HAS A STOCK THAT CAN'T FIND ITS FOOTING EVEN IF IT MANAGED A SMALL GAIN TODAY. THE RALLY IN NVIDIA INTO ITS PHENOMENAL GTC CONFERENCE HAS BEEN MORE THAN WIPED OUT NOW, THIS IS NOT A NEW PATTERN NVIDIA TENDS TO RALLY AND THEN DRIFT, GO ALONG AND THEN WE GET THE QUARTER AND IT RALLIES AGAIN. RINSE AND REPEAT YOUR ENEMY YOUR FELLOW SHAREHOLDERS WHO EITHER DON'T KNOW WHAT NVIDIA DOES OR IS OR NOW BELIEVE THE TENOR OF AI IS A SCAM THE STOCK WON'T BE SAFE UNTIL ALL THESE WEAK HANDS GET WASHED OUT. UNFORTUNATELY SO MANY OF THESE FELLOW TRAVELERS BOUGHT NVIDIA AT THE WRONG TIME, THEY CAME IN LATE AND THEY HAVE A REAL BAD COST BASIS AND TERRIBLE ENTRY POINT. THESE ARE THE PEOPLE WHO CANNOT TAKE THE HOUSE OF PAIN. >> THE HOUSE OF PAIN >> THEY KNOW NOTHING >> MAYBE MARKET LEADER NETFLIX CAN BREAK THE WOUNDED LEADERS FLOODING THE MARKET. WHAT HAS BECOME TYPICAL OF THE ACCENTUATE THE NEGATIVE PATTERN THE COMPANY'S BOILERPLATE WARNING ABOUT THE FUTURE JUST BEING OKAY MAYBE THAT'S TRANSCENDING ALL THE GOOD NEWS WHO KNOWS? FOURTH, WE AREN'T GETTING ANY GOOD AGGREGATE DATA AND PEOPLE DON'T SEEM TO CARE WELL, THAT'S WRONG THEY GUY ANYWAY. THAT'S WRONG WHY DON'T THEY REALIZE THE CPI, THE PRICE DEFLATOR, THE NON-FARM PAYROLL REPORT BECAUSE THE DATA DETERMINE INTEREST RATES AND INTEREST RATES DETERMINE THE STOCK MARKET ACTION RIGHT NOW YOU CANNOT IGNORE THE DATA ANYMORE. YOU NEED SOME REALLY WEAK ECONOMIC MARKET DATA TO MAKE THE MARKET GO HIGHER BECAUSE WALL STREET'S DESPERATE FOR A SLOWDOWN THAT WOULD GIVE THE FED AN EXCUSE TO CUT RATES IT NEEDS AN EXCUSE IT DOESN'T HAVE ONE. FIFTH, WE KEEP IGNORING THE MIDDLE EAST AND WHEN WE GET TO FRIDAY WE GET SCARED SOMETHING WILL HAPPEN OVER THE WEEKEND AND PEOPLE DUMP EVERYTHING THERE'S ALWAYS SOMETHING TO WORRY ABOUT IN THIS FLCONFLICT THE PATTERN KEEPS REPEATING ITSELF WHAT WOULD HAPPEN IF PEOPLE STOPPED BUYING IN THE MORNING AND INSTEAD SOLD BIG FROM THE GET-GO >> SELL SELL SELL! >> THAT'S WHAT I'VE BEEN WAITING FOR. YOU'RE NOT GOING TO GET A SERIOUS BOTTOM, A LASTING BOTTOM UNTIL YOU HAVE THE BIG GIVE-UP THE DRAMATIC END OF DAYS DECLINE WHERE PEOPLE JUST CAN'T HANDLE THE HOUSE OF PAIN AT ALL NO WAY >> THE HOUSE OF PAIN >> THEY WANT A NEW ADDRESS THEY WANT THE 5% CD ADDRESS. THE STOCK MARKET ADDRESS IS JUST TOO HORRENDOUS >> DON'T BUY, DON'T BUY, DON'T BUY. >> WHEN YOU GET THE VICIOUS OPEN, THE DOWN 1% OR 2% ABYSS STARING YOU RIGHT IN THE FACE, THEN THE MARKET HAS THE CHANCE, YOU NEED THAT WHAT I CALL WHOOSH WHERE WE JUST CRATER AT THE OPENING AN ABOMINATION THAT INCLUDES LOTS OF FORMERLY BULLISH NOW SCAREDY CAT OWNERS WHO WANT OUT SO BADLY THEY DON'T EVEN CARE WHAT PRICE THEY GET. NOT ONLY THAT BUT THE DOWN OPENING DOESN'T MEAN A BOTTOM FOR THAT DAY FOR THAT YOU NEED TO HAVE A TRUE CRESCENDO TO FOLLOW THE WHOOSH WHOOSH, THEN CRESCENDO TYPICALLY THAT MEANS YOU SEE A RALLY AT THE OPEN, A WHOOSH DOWN AND THEN MACHINE GUNNERS COME IN AT THOSE BRAVE SOULS WHO TRY TO BUY THE MARKET LIKE THE FIRST DAY THEN YOU GET THE CRESCENDO JUST LIKE IN THE MUSIC WHERE THERE'S A COLOSSAL BLOWOUT THAT LEAVENS PE LEAVES PEOPLE AGHAST THE NEXT DAY YOU SEE THE LOCAL NEWS TRUCKS WITH THOSE WEIRD ANTENNAE ON THE ROOFS THAT WILL HAVE WELL-COIFED MEN AND WOMEN HANGING AROUND WALL AND BROAD STREETS STARING INTO A CAMERA TRYING TO TALK TO A BYSTANDER THAT WILL TALK TO THEM ABOUT JUMPING OFF A BUILDING OR SOMETHING. I USED TO GO UP TO THOSE PEOPLE AND WHEN THEY ASKED ME I'D SAY YOU KNOW WHAT? I THINK BECAUSE YOU'RE DOWN HERE IT MEANS THE MARKET'S BOTTOMING. WELL, OF COURSE MY INTERVIEWS NEVER AIRED. BOTTOM LINE, WHEN YOU GET THE NEWS THE TRUCKS AND THE JOURNALISTS ASKING PEOPLE HOW THEY FEEL ABOUT LOSING FORTUNES IN THE STOCK MARKET THAT MAY MARK THE REAL BOTTOM UNFORTUNATELY THERE'S BEEN NO WHOOSH, NO CRESCENDO AND NO LOCAL TV PEOPLE WITH MIKES AND THEIR FUNNY TRUCKS UNTIL THEN PRESUME WE HAVE NOT YET BOTTOMED HEY, HOW ABOUT MATT IN NEW JERSEY MATT >> Caller: HEY, BOO-YAH, JIM HOW ARE YOU DOING? >> NOT BAD I WAS IN PHILADELPHIA TODAY. GOOD TIME. HOW ABOUT YOU? >> Caller: VERY GOOD THE STOCK I AM CALLING YOU ABOUT TODAY IS AMERICAN AIRLINES THEIR EARNINGS ARE COMING OUT NEXT THURSDAY. AND I WOULD LIKE TO KNOW IF YOU THINK I SHOULD ADD TO MY POSITION NOW BEFORE THEY POST EARNINGS OR WAIT AND IN YOUR OPINION IS AMERICAN AIRLINES A BUY, SELL OR HOLD? >> WE'VE GOT GELT DELTA PRETTY GOOD NUMBERS AND WE HAVE WITHOUT A DOUBT UNITED REPORTING GREAT NUMBERS. WILL AMERICAN CONTINUE THAT THAT I WOULD TELL YOU AMERICAN AT 14 IS BACK TO WHERE IT WAS SO, SO LONG AGO YOU KNOW WHAT? I DON'T WANT TO PLAY AIRLINE ROULETTE BUT I DO BELIEVE THAT 14 BUCKS -- I DON'T KNOW ONE DOWN, TWO UP HOW ABOUT WE GO CLEAR ACROSS THE COUNTRY TO JEFF IN CALIFORNIA? JEFF >> Caller: HEY, JIM. I'M IN L.A I'LL GET RIGHT TO THE POINT. I BOUGHT $8,000 WORTH OF SQUARE, OR BLOCK, THREE YEARS AGO. IT'S UP 16% IN ONE YEAR. BAM. AND IN THREE YEARS IT'S DOWN 71.3%. OUCH SO I'M MINUS $6,000 IN THREE YEARS, JIM I HAVE VERY LITTLE PATIENCE. I TOLD MY SON DAVID I'M NOT A DOCTOR, I HAVE NO PATIENCE SHOULD I CONTINUE PRAYING, JIM I'M VERY SPIRITUAL OR SHOULD I SELL NOW >> BAM OKAY LET'S THINK ABOUT THIS I HAPPEN TO THINK THE COMPANY CAN GO HIGHER. I LIKE THE LAST QUARTER. I KNOW IT'S PAINFUL. I KNOW THAT YOU DON'T HAVE ANY PATIENCE BUT CAN I ASK FOR YOU TO HAVE FORTITUDE? BECAUSE THAT'S WHAT IT WILL TAKE ONCE WE GET THE NEW TRUCKS AND THE FUNNY TRUCKS AND THE THINGS ABOUT -- AND THE JOURNALISTS ASKING US ABOUT LOSING FORTUNES IN THE STOCK MARKET THAT SMELLS LIKE A BOTTOM, BUT UNFORTUNATELY EPH WITHN'T SEEN THAT YET. ON "MAD MONEY" TONIGHT IF THERE'S ONE THING YOU CAN COUNT ON DURING EARNINGS SEASON IT'S THAT WALL STREET WILL -- TONIGHT I'M EYEING CHAFRTDABLE TRUST NAME ABBOTT LABS ONE OF THE BEST IN THE BUSINESS TELLING YOU WHY THE MARKET MAY HAVE MISJUDGED THIS ONE ALL THE WAY DOWN. THEN ARE THE PACKAGED GOODS STOCKS THE WHOLE PACKAGE I'M TAKING A CLOSER LOOK AT THE COMEBACK WE'RE SEEING IN THAT SPACE. AND AND FORGET GREEN SHOOTS. YOU KNOW WHAT I'MING A, I'M EYEING THE BROWN SHOOTS BEING REVEALED BY TWO MAJOR OPERATORS THIS SEASON AND TELLING YOU WHAT IT MEANS FOR THE OVERALL MARKET. SO STAY WITH CRAMER. >> Announcer: DON'T MISS A SECOND OF "MAD MONEY." FOLLOW @JIMCRAMER ON X TWEET CRAMER #MADMENTIONS. SEND JIM AN E-MAIL TO MADMONEY@CNBC.COM. OR GIVE US A CALL AT 1-800-743-CNBC
