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tv   Mad Money  CNBC  July 10, 2009 6:00pm-7:00pm EDT

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and change the way you think >>get firedup. it's cram. welcome to mad money. my job is not to entertain, but to educate. call me, 1-800-743-cnbc. at the heck is wrong withhis market? i mean, come o wt is wrong with it? fofour weeks no nothing good hazmatered at all. nothing. you get mobile upgrades to the banks. oh, people -- >> don't buy, don't buy. you get health car reform thatoesn't get hlth ca
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stocks. the market says who res. >> don't buy. >> even the stocks have lost 25% and 50% of their value. semiconductor company after semiconductor company talkg about bter than aected earnings, likeamng did this very wk. yaddayadda. take i ease? thissemicondtor company reports on monday, upgraded not on but twice today by two fferent firms. ed hamm and barcys sounds li a tel. both owhich are saying it's delivered outside. two dierent analysts couldn't get a better than expected quarter and the stock closed up a usy 22 cents? should go up a coupl of smacks. how do you explain this? simple. nobody cares. this is a baseball game with like 3,000 fans in it. i'm not kiddin it a sense tha has overwhd the market it's something beyond plain old vanilla negativity, i've got to tell you. you can see in reactio to
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the huge gol sachs call, today, ts morning, predicting goman sas would return to the 2008 highs. i dn't hear a soul mention it save for me. it's been negativ on hardware and stware r the duration. but today they predict new his. nobody cares? nobodycome on! theoretically, the bulls right ammo on their side. rious this marketas been hammered relent relelessly. i mean totly whipped. back from theoctober lo. weave a huge amount of ga. gott to the p where stoc wi safe divends make more sense than earning treury. so m more sense at these lels if you hated the mket, you have t rethink the game plan. but nobody is rethinng anything. in fact, it seems like people don't realize how hard the
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markets have bn hit. or are cog any sapt abo how they've become. this is i people don'tven realize how pessimistiey are. you have to look where stocks are right now. even if we revis the lower end of the maet range, setime this summer, could go down to the dow 7700. but frankly, that's not a lot of downsi from where we were at the bottom today. i have to believe the opportunities right re right now are beginng to seriously outweigh the sks. the market has been oblitated and we're heang to earnings season. but oesn't seem like many othe agree or care. i feel likehe market is 20 games under .500 and it's already out, rit? doesn't matter. why put it on. how do weeach these points where investors can't be bothered to respond clear positives or being tempted by low, low prices of so many stocks. i thinwe've been worn down.
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i think wee been wornown by two dierent things. first, the government. anthen oil. they're whas keeping everyone apathetic about stocks. the gornment seems to propose a tax a day to keep your profits away. ana regulation a day. and it's one of those main reasons why we've been dow for -- for four straight weeks. sell, , sl. the deral government makesus all fe like we should be investg in another country. hey, you know what i wanto be vest? need iay more? , but anyway, you know iay china is mopping t floor with usased on alcoa's quarterly stop it -- quarterliest mates. anyway, it makes me think we could rally as much as 5 points if everye in washington just went down to rehoboth or bethanbeach for aouple of weeks. have some great sauce and sp coming on tv already.
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if the newsmedia would back out the bulshovik speaker -- did it again. the docratic speaker of the house, ncy pelosi it could be worth a coupleuned points on e dow, too. bye, buy, buy, y. thank you for madam speaker for the good of your country. then there's l. the maet seems to think if oil is going down- >> sell, sell, sell, sell -- >> then everything should down. how dumb is that? strangled by147 oil last year. doesn't cheaperil mean more money the consumer's market? how about more cost savings for e company that ha transportion on plastics? n'you think that matters? how is cheaper oil bad? everyoneeeps pretending that the price l is a legitimate barometer of the world health
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even though t's manipulated up. so how can we be bother bid the decline whene know the oil futures are rigged. taking your cue from the oi futures is like tang your cue from whether the yankees or the red sox aren first place, dead heat. it's totally irrelevant to th market. although i prefer the stocks themselves. got game. jiy raw lins lins we'll hr about in the show. the government squeezethe life out of this pocket. they have not justatteredown stocks. they made it negative and apathetic we don't realize how negative and apathetic weare. how ng wilthe markets and last. i can't see it lasting muff longer. eventually we'll respondto good news again instead of being held back by the twin anchors of oil and the federal govement. anchors away. the negatity pouring out of washington c'tast in the face of goo earnings.
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and this for oil's linkage as the markets as a whole. it won be broken until it's clear to everyone h illegitimate the market has been all along and sayi, you know what, mea lp you can make yourself feel good about technd the fact that the banks should blow away numbers,t's a good place to buy. stocks a cheap ain. that's right. it's like goin to century 21 the discount clothing sto in new york where i got this tie. a place you have fight tooth d nail to get anythidecent ofof the traracks and nd the enterprise empty. 4% yield. hand it er. like i've beendoing it f the terrible trust. w about this one? walmart? st $1.ff of t 52-week low. if y think we're going to he a weakened economy for sometime, how couldou not pull the trigger on that ock? i st got this really cool kind of fiberglas frog for my back
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yard for$37 at walmart. that was a steal. hoabout me depot, the despot that faces 4%. i do it for my child tst. technologystocks. amd back. sienna, under $10? sorry, that's too negative fo this guy. that's the bottom li. theovernment and oil have immunized us against gd news the immunizati should wear off. especially now that the downside quantified. the markets and we may not make sense, but it's giving a od opportunity to buy stoc for less than you should have to pay w that we've doneown for four straight weeks in a pce we hop to go to in thefall, chris,n oklahoma,chris? >> caller: boomer sooner boo-yah to you, jim! >> i'm a over the sooners an i expect to be down therefor onef those -- every -- let me ll you something, chris. every school has a rivalry. it's like a big wkend in lama, sooners, every weekend
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is a big weekend. ahead. >> that's ght. well sa. the fed has not been sayg anything about thecalifornia budgetcrisis. >> right. >> is this the w the fed is telling california ty ed to spend at stimulus money they've tten and is it going to turn into commodities and materials play? >> i got to tell you something. i'm not worried about california. i consider it political andstanding. not kiing. i'm a buyer of california general obligation municil bonds. if you can get them at %. i'm not worried. however, i do have to end the segment even though i was ing to go to sten california. but candy justhowed up. a sense of only on you and yoha overwhelmed the market. but i think it's givingou an portunity to buy some stocks for less! ictoday.
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. >> those who missedyesterday's show, i talked about a amazing call. ron insana, cnbc contbutor. he writes the "marketmovers' newsletter." it's must read because it dazzles. pa of the street.com where i'm chaian. i picked it up. i said, oh, my god i can't believe this cl. ronnsana is selling all of the defensiv stocks an moving into, are you ready?
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home builders, bank and home builders' insurance. i kind of had fun with it last night and said, the idea of selling the scks and getng in to this is too much for me. i le to diverse portfolio. ron insana is t great n to give him the last wo. welcome to ron insana. >> cramer, thanks for havin me the ring. >> hom builders? is there a paper that says is the heuilding industry goi goinng back ever? >> stevie cohen is very fond of it at fac where i used towork. i think, jim, we are in a secular bottn a t of different areasfter this crash in the stockarket. banks, home builders, insur they were tan wn levels in march that we believly low an essentially forecasting utter llapse and chaos. which ion't think will ppen. >> everyday, we hear it's not
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over, it's not over. >> it's happened. everybody is waiting forhe crash. we had a ash. we h a housing recession in the last twors thas been brutal. i don't think it's over. if you look at tolle and lennar d vnanian, which i own, not e, inclulding tolle is expecting to earn mon until 2010. >> th's a long time. >> buying back ld at cheaper prices after havg taken it off their balance sheet. i thk there's going to be coolidation. i owned centex re i started to writefor thestreet.com d they got tak out. i expect there's going to be that actity in the sector as well. >> another thing that you did, i ve to tell you, it was very, very contrar you took a lot of mpanies that i thindo well in a vy slow environment, talkingbo some of the drugs, some the sler techs. and said that they have to go here. explain to people whyth don't fit. because a t of people know that the economy is notstrong. so they want to be defensive.
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>> the proprietarytfolio i have, i'm working with ainite amount of cas i have toake a decision. where do i allocate. do i want to defensive ann joy the yields in hop that the other stockre going to remain powerfu or do i want to ncentrate my firepo make micek uon larhe long-term bet. the banks and home builders are going to come out of this tng with theext two years and thl be some ltle as they are now. >> not a trade. >> no,not a trade. >> unemployment goesbove 10%. do you cnge your mind? >> no. i expect unemployment to go as gh as 11% wch it did in 1981. okay, we came ou of that recessn. if you bght city bk in 1981, you made a ton of money. when you bght it in 1991, prince alawali did. you made 0 million. in 2001, 2002, we had the same phenomon take place. if t banks are not going out of business, if they ear not
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beg nationalized, youave t own em. i think the upside is that much bier than playing in the densive arenas. >> ws it -- do you think -- let me ask you a two-part question. i think that you say -- think what youay makes like a lot of sense. why is i that all dayhen listed to our network that no one else is willing to stick their neckout and say that this could happen. i know a lot of people must believe it. i think there afraid. >> think ere are different roles fodifferent people. i think the anchors who are fulltime urnalists can't do . >> we have the gsts all day. the guests l day e more cautious and wld say, h uld you ever sell microsof i never heard anyone say sell microsoft in mlife. >> the only ason i sold it -- it's the pital. >> but that's wh -- that's whatur guys are doing. they know the drill. they can't own every stock. they have mutual funds. >> ight, right -- i don't kno why people take the approach thathey do. i tend to far me contrarian
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as you wellknow. when rates go 4%. buy zero coupbonds. oil go to 73. said it was way too high. as you mentioned yesterday, 1998. >> i'm sitting here, shaking, worried. ron comes up th a key piece o formation that there could be emergency fed meeting and that cld change the tone of the market. i felt that ur call in the newstter was a waup call to guys lme who were saying, ings are good. i may not be bullish enough o at happening in this country. >> not auestion of being bullish. i don't think it's the world ending. it's a one-time eerience and it's 5 billion years awaywhen the sun ames t. in between now and en, we're not going to live long enoug to havehat experience. if the world is not coming to an d. if the econo i goingo grow ain som day, these a bargain basementrices for ordinaryssets in two parts of the economy that you have
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own. >> hnanian and huntington bank. very speculati. >> yes. >> sll kay? we do speculativefriday? and $3. those are the one in your newsletter people will tak a sh at. good or sfwhad. >> hovnanian has a small rket p. they're aig builder. theynot insignifican if you look out ov the next couple of mohs, consolidation could be an ise. i gave a speech earlier in e year. i the n ceo. i liked him. i've listen booki at the stock, i've been watching him. it's a small cap stock$1.8 billion marketcap. got to a price i find attractive. i'm making a bet among the very small regials, it'srun like mmunity bank but they're going turn things around. >> ron insana, a cnbc ntributor. he write a terrif must-read newsletter. market movers. i have to tell you something -- you have to challenge your own
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thesis. i hope he challengedours, i know he allenged mine.
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they use hwire to fill them, so you get them at pces lower than any other travel site, guarteed. h-o-t-w-i-r-e, hotwi.com look, inow the act todayas ptty serable. >> boo! >> and i know the market lost a lot of sizzle. i know it's not really as much time to own stocks as it was a month or even two months ago. it makes it easy to turn on, tune in,nd drop out. this is the kind o market that mas you nauseo. and makes you bld to opportunity. not because you're too negative, t simply because you stopped openin, you don care. don't want tgo to the ballpark that woulde a big mistake, ladies and gentlemen. as the opportunities are there for -- for the take as long a
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u keep your eye op. in fact, saw the benng of what could be a big new speculative theme -- something thatould getery sex sip very fast in thisfar fm sexy market. was writing esterday's fox street journal. cyberblitz ts u.s. kor. hey, that's abouan ongoing cyberattack. other story in today's street journal. firmoffer software to fight koan virus. it went afterhe nyse and the nasdaq. that's closeto home. most of the time astory like this won't have dent takeaway in terms o stocks you can buy. this time, is different. you have guine wall street pin because cyberattacks are becoming a trend increasing in both frequency and sophcation. there are now nion states
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spsored cyberespionage units and organized crime spsod cyberggs. this stuff is rning into big, big business. as iescalate, i think it cou reach a point where the companies that protect business and governments from those who attack could cause some serus problems. big, big, big. the market loves fads. like it or not, it does. i wouldn't be surpred if not too longevery company with the word cybersomewhere in the description becomes sizzling. i don't think you should buy anhing that has a cyber security component for the sake of . but the trend is worth speculating on. we le to speculate smart and that means finding the bt of breed players. the ones that work on more than just the possibility ofhype.
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even if they benefit fromthat too. and theame is - arcsight. arcsight. symbol, arst -- a 6.22 with the market cap of just under $500lion. thiss speculative product. this is one o the leang places forecurity and event nagement. the compy reminds me of inher yday, chloe from 24. csight sells platforms for security, which helps enterprises and gornnt agencies discover and protect themselves from the serious cyberthreats. very sexy. and also going against inte threats. for example, you can tell someone withoutrganization i acceing systems. howbout a sexy site too.
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the products help businesses comply with regulations, especially logging data for compliance purposes. arc site? i'm saying it's a 1-2 puh. it attacks agait cybe attacks andlows the clits to comply with sarbanes oxley and otr government relations. the cyber story is me fun d re interesting as well as the analyst who baks out the newslett newsletter the street.kopp. president obamas appointing a cyber cz. there's a need for this state and national levels where fore cyber spies e able to get classified data not to mentn the grid and the 800 rerds for the inia pament of health. a lot of czars here. starting to feel a little lik russia. i ain't no dolpn. the hubbub surroundinghe cyberattacks could easily cae the government to suprt n regular lags supporting
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companies th are in the power control stems to ramp uphe cyber spenng which would lead to major newbusinesses for but they'reogging cputer activity for regulatory purposes and helping the clients make sure they don break any rules. that makes aght a play in government relation, talk about a sular owth trend, something we're sure toee with the regution-happy democratic president and democratic congress. boring stuff. but when the government mandates more companies keep more electric records of the employers' activity and something like t electronic records where the f is subsidizing docks who adopt m and those who penalize hem, as they don' arcsight adopts a technology keeping the record happen and makes a ton of money doing it. right now. think the new opportunities that the company has on both the complain and security side isn't worth anything it's seen before let's give yo some warnings here. miranda, this is rpe to the
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stoc this is whati like to see wh respect to the play it's protable, first of all, how much do we le that. in the last quarr, the rapid 34% clip. no debt. $91 million in cash on the balance set. $2.63 a share. introducingew products. s great tractio with the gornment base, about to cough, excuse me. trng to stop a sneezeust for the reco. arcsight sells it platforms for $300 apiece cng a maintenance fee ery yea giving the company high recurring revenue. we like that too. 95% of the renewal rates fm the clients from that revenue. right now, this is tad part, it chases 33times earning which is is a hefty valuation. but that uses conservative earnings estimes and expected to grow earnin at 32%. same growtrate is multiple. i could se growth managers pay a good deal more withhis one. yeah, you can pay up to twice
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the growth rate. this is a one-time gwth rate. here t bottom line for speculative cybersecuritplay with a big money off of regulation angl thk arst -- arcsht is god. dohe homework this weekend. ifou pay up, i'll never forgive you andyou'll hate me. stacy idaho, stacy? >> calle boo-yah, jim, from the potato state. >> hey, man, i g to tellou something. i like mcdonalds. i geta lot of potoes, mcdonalds, at this price. at's up? >> on day, emc announced the acquition of data main. >> you bet it did. >> how do yo think that this acisition will affect t mc's stock price and howill data domain's ctomers and shareholders embrace this change? >> i know it would have moved the needle bigtime. i think emc got a decent price. i think emc isoing to mark
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time on this. but i wi tell you this, stacy if goldman sachs is right with the callth hardwe and software are goingto return to normal spending levels, technology budgets incree in the second half, yr $12.80 i going t go to15. want you to hold on to it. let's go to judith in nework right now. juth? boo-yah, jim. it's an honor to speao you. >> same toyou, udith. what's on your nd? >> caller: i wonder if you would give us an update o the tech mixed basket? hold or take profits? >> no, no. should have taken some profits up at 25 the rest n. i g to tl you mething, i was woing on tech, am on semiconductor. on tast. es stocks ha come down again. it is ti to get back in. >> buy, buy, buy. >> the respect play f of the increasing need foryber security. do the homework. i think u'll like arst.
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arcsight. i know, with headline like this, i wanto start making money. coming up, "the lightning und," cramer takes call after call to give your stk its final judgment. can you keep up? d#: 0-345-2550 "i'm rethinkgeverythin. d#: 1-800-345-2550 including who trust to look after my mon." tdd#: 1-800-345-25 tdd#: 1-0-345-2550 "the dust mightbe sett. tdd#: 1-800-345-2550 that's great, but i't."
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td: 1-800-345-2550 tdd#: 1-800-345-2550 "i guess i'm just done with doing nothing, you know?" tdd#1-800-345-2550 tdd#: 1-800-345-25 "oh, i'm not thinking abt moving my money. tdd#: 1-800-345-2550 i amoving it." here you go.
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eleven sixteenths. (announcer) from designg some of the world's clnest anmost fuel-efficient jet nes... to building more wind turnes than anyone in the countr.. the pele of ge are working togeer... creating innovation day for america's tomo. thanks! no problem!
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it's time fo"t lightning rod." me the stock. buy buy buy, sell sell sell. put the stocks ahead of tile it friday. i don't care. i am back i'm bigger than ever. playo hear this out. andthe lightning round is over. are you ready? steve daddy? it's time for "the lightning round." daven minnesota.
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dave? >> can you hear me, joe? >> you sound better than ever. >> good. a beautiful goer state boo-yah to you, mr. cramer. >> the phers. the otheguys, the badgers. i say, gophers, c, badgers, no. okay. >> my sto is mtfc -- it's never been a go as long as i've been around. my buddies, hewlett and packard invented it. stay way. let's go with i'm gog to mispronounce this. hedie in new york. >> cler: i'm soxcited to talk to u. >> thanks. >> caller: my question i i have 2,000 shares of igt. technically, iaven't lost on them. but they were up to over 40 and now they're down. should i hold on? >> why do you ve so much ig i got thelas vegas visitation
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numbers from my friendsnd lleague and accountant. they are not seeing y pickup in ming. so i needyo tout that position in half starting monday rning. that stock is not leaning to the right inst. richard inalifornia. richard. >>aller: hello, jim! an unabashedly royal member of your flo of cramericans, boo-yah! ao. >> eatrockingry shard. i'm liki that. let me help. >> two things fit, love "mad ney." love joker 1." and love the way you sod up to friedman after kudlow bashed him thday before. re's my stock. ntat. net-ap. >> it's a winner. i wanted them to get that domain. buff now don't know how they're saying independt. the quarter i betterhan expected. the business of storied software is en fuego.
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let me include them. want you to y, buy, buy more stock. i love my frid and ptner larry kudlow who's a gentleman. screams a lot. let me tell you, off camera, is there a more civil a nice gentleman in this building? no. thank you for those ki words. n in illinois, dan? >>aller: cramer! st. louis cardinals all-star game yah! >> hands dow pujols is the best player inasebal boo-yah! >> caller: i'm asking about vesting some money in the financial sect, specifically regions bank. >> oh, come on, man! you're in a sea of winners. you're where theall-star game is you're ere the carnals are. you come withthe two-bi nonsense theme? yoshould be ashamed of urself. be in huntingn bank. stop the buzzer. i'm on aoll here.
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huntington bank i a lot better. takinganother. ignoring thebuzzer going to frank in texas. frank? >> caller: hello, jim dand at's shaking? >> kicking around for e weekend. my d's birt. going s hell what's goi on? oh. >> that's good. forour piece on bdc. i did a little homework,it looks goodli you said. but i considered emr the best of breed in the electric motor ction. >> you have rse sense. you are ght. myvel trust. you n scribe it to us. now in the emson got to keep it. highyielders getting it nice. pick up in orders is n nice count ove. emerson, i have to adm it, hands down, it's betr than or. i'm tinone mo. i'mdisregarding everything and doing one me. i'm going to ted in connticut. ted? >> caller: h, jim. what's going on, bro? >> notuch, kickg a few
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around. how about you? >>aller: got your book, "real money"ing it. >> you a the best. w in paperback. >>aller: how about sallie mae? >> sallie mae -- let me tell you someing -- when i wasaway on vacation, one of thr days of the year that i take vacaon on, i saw sallie mae go toten. and people were e-mailing me, calling me, should i take it in sallie mae. i did noall them communists. i simply said, no. and now tt the stock has pued back, i want you to pull e triggeragain. i think sallie mae is a winner. i this ihe phillies are winners. i say, stick with cram! the lightning round is sponsored by td ameritrade. i'm talking abou china. look at thatuy on theey the, huh?
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they are not ont then, then- i'd be happy to repeal e whole bill of rights in a second. ylish for me. "m money" will be right back. this a bad idea? th tie? same color as the shirt. i got it at costco. got this tie for 12.99. to me, it los good. >> boyah fromhe jery shore, jim. >> where are you hangingut? which beach? >> my beautiful wifea said she ran into you at the mall. >> how was? lite? i try to be pote. i stll the beach and visit the mall or likin cosco whe i g this tie. >> b-yah to y, jim.
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from rh in westfield, massachusetts, not new jersey. tell you something, westfield beat us inswimming. you di't have to bring it up. ruining my day, a rfectly good day. but what was this guy? we built, indeed, a spice i think it's time swap out of mccormick. >> ♪ tell me what you want at you really wan ♪ ♪ toll tell me whaou want what you reallyeally want ♪ do i pre my luck? whato you think? america, whado you hink? ♪ if u want to be my lover >> go ahead. america says go for it. ♪ friendship never e >> that's denitely a loser. ♪ iyou want to be my lover >> man, i'm a seller of ccormick. ♪ that's th way it >> not on . ♪ people of the world that was some -- i he never
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seen it hold up under that sctiny. been doing the right thing. is the advice you' been getting helping or hurng? tdmeritrade's fees areng fair a straight-forward. their research is dependent and unbiased. their investment consultants e knowledgeable and there when you ed them. so why not talk to one? and there when announcer: calday to schedule a free vement check-up, or visit a td ameritrade branc
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i'venever made a seet with my loveair with all thin sports, a more importantly, all things philadelphia sports. particularly my beloved eagles and more importantly the world cham philadelphia phillies. i've always been a fan. even from when i was a little boy. i've always been a believer that orts, team sports,an defi people in a positive w. when i notice my hed fund is running at $500 illion, if you didn't paym orts, i didn't hire you. didn mapter what school you nt to, you wen't for me. why? cause stocks, owning stocks, like sports, about mental toughness. it's about never quitting, it' about perseverance,it's about as i say over andver and over againvery night o mad money, aying in the game. once in a full moon you get someone who represents both the greatness and valuesports, someone who is the living embodiment of wha i'm talking about. someone whosvalues of menta tougess and the desire to
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succeed and never give up have created a winni attitude that pervades a whole tea just what i was looking for aty hedge fund. what's so exciting about this particular once a blue moon play is that he wears the unorm of the philadelphia phillies. r those of you who know baseball, i don't even have to say his name now. you know who i' talki about. but for the who don't, i'm talking about mmy rawlins, th all-star mvp srtstopor the phils. rollinis the inspiration behind the champs. he's the m who mes it happen. the lead of the team that went all the way las year. someone who happens to be hot as a pistol rig now one of the asons the phils are breaking away fro the nl east pack. you need them both to win in stocks as well as in spos which is why'm bringing him on "m money jimmy has a game ainst the pirates. we were lucky enough to he a few minutes with him. his ste of play is the most
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applicable to what i teach on the show for any player in the game. i cawait for my dad see t showas we th know jimmy rollins is the main reason we in philadelphia at laes fl like winners in the big , s, of life, j. roll, welcome to "mad money". >> how areou? >> talking about mental toughness, hot to get down on yourself. there have been times in your grt care you have been. i've been talkingbout staying in t gape. can you gimad mon" viewers your view about when you're down, when you had thre tough weeks in the rket, you stay in the game,eep your head up, continue to see the opportunies? >> you knowwhat, the first thinyou have do i know yourself. you kn, you put yourself in a situation because u believed in something. and'm sure just lik in the market, you know, when i'm out there the field ever day this, is something that i chose to do. and understand that there's going to be dayat the grass is greener on the other sidend the's going to be days when th thunderstorms co rolling in. t no matter what, you have to stay focused on what th goal
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is, and that's finisng at the top. and, you know, when you get to the top witut goi through the bottom first you have to mountain, take the lumps, the licks, keep your eyes on the prize and you do at and you find your y to the topui a bit. >> do you see the parallels i see between insting, which is a tough game. we just had thre weeks. we just had tee 0 for8 weeks, if you kno what i'm talking about. >> know what you're talng about. we sid het here, we say, you kw what, turn it off. i don't want to lookt it. i don'want to be in the game. what do you say to that guy? >> well,ou do what you do. mean, i put it this way - after those 0-28 reaks, you have to step awaynd not worry about what's going on. you do that, you're gng to find yourself caught up in the everyday business of trying to get it back in one ay. trying to get 30 points in one swing. it's impossible. you get one hit at a time.
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d whatever that hit is worth, as long as is going t's going i a positive direction, yo build on that. you get to a point youet stand still, getting one hit, two hits big omyou look forwar that when y do and you catcthat rhythm, you c ride thatwave for a long ti. >> what he's talking abo is something i have talked aboutn is show, you have clear your head. sometimes maybe have to sell a lot of stf, you have to feel like you're noing to be a loser every time you're at the plate. most importantly, stop swinging for thefences, wh you swing for the fences,ou lose all your money. i have a lot of peoe want t swing, be i the hotsector, put all their chips out athe same time, that's ho you lose money. j. ro,ow did you come across "mad money"? how do you know what we do? >> actually, i wasflipping thugthe channels. i watch my tv shows like to keep up with politics, with the money although don't particarly own any stoc, i like to know what's going on
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because at affects ery amican. i just happened to watch a show, i'm le, who is this guy? heot all theseorns and he's scaming and telling people what to do. and, you know, i w like, wow, this dude is crazy, i've never seen anythinke this, everybody is so quote-unquote professional with the jacket and the ties and you, you justout there, y know, just flng, whichev way itgoes, it goes. it's pretty atactive th's the way i think iestors are today, especially young ones, we are just there like try this, try that, try that. you kind of givehat feing but you have the knowledge to tell people what not to do. >> one of the things i've been phizing on the show, y haveo play defensend offense. lot of people think tha the way you make money is to just risk it all. i say you got to the colge, you have to own the proctor and gambl, i regard them like your fiding. you cannot win a game just at the bat. jimmy, do you hav anything to ask me about? >> you know what, jim, i do.
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this is nothing about that. i wanto know about ur time on the donald trump sh. >> well, you know, it's interesting you ask that. there's a lot of people whoeel thonaldtrump is a bit of a -- that he's t prideful, he is larger than l and ltivates that image. i saw the other donald trump, i saw a gre dad a greatdad, i w the charitableald trump, i sawthe quiet man that comes back and makes you fee good even ifyou've been cut from the team and a guy rarded as inspiration a. y don't see that side and mae you don't want to project it but j. roll, he got it. >> yeah, it him acouple times and it's been nothing but great. aagree. i maehaven't seen the father si of him but seems to be a real grea man and a truephilly guy. you used to work at th vet.
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you were there. m time with philadelphia -- my dad had wor series tickets to the'64 world series w know what happen there. i worked the upper deck four years selling ice cream and selling soda. my claim t fame is when greg zazinsky had a pit over the center wall in june o 77, i won thepayoff for$100. how abt that. >> that's at's up. >> j. roll, good luck tonight, mmy rollins, he has game. i want peoplto stay in the game. th man,you can learn from, worlchampion, i bet they're going to be repeatin thank you very mucfor coming on thehow. more and more activs are turning to fidelity
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>>don't be takenin. earnings startmonday. i think this novelus will put the right frame of mind th the big quarter. i like to say there's a bull market meere, i prose to find ifor you on "madoney." i'm cramer, have areat weekend. i'll seeou monday.
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up next on kudlow, obama shift shifts t.a.r.p. known bail out small businesses. profits that rprise on the up side.
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