


Airtime: Wed. Jun. 3 2009 | 06:00 PM ET
You can't afford to forget your worry wart remover, with Mad Money host Jim Cramer.
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Automatically Generated Transcript, may not be 100% accurate (show more)
" I'm Jim Cramer and welcome to live world."
" It's. Okay."
" The current. Welcome everybody wanna got ought to be able to make friends I'm just trying to keep some money in your wallet my job is not just entertain you did so call me at 180743. CNB -- Okay there was a lesson listeners quite magic get interviewed or knowledge that protect act could -- years. The questions actually -- something I have been amazed about. But I I think just haven't quite been able to wait did you write to Egypt or any team that. Much of the time when news people interview there again they already have a pretty good idea where the -- common front. TV news out -- surprises. As strange as that may sound. Knowing the answers before and just makes everyone's job you hear from the guy being interviewed to the interviewer TV executive producer are -- in Regina -- was almost to be on maternity -- I even -- graphics per. Because and it's an awful big pain in the but didn't grant a -- I. Which is what I forced the may have what is -- to do every night during the white Ingraham when I'm not asking -- to scrub toilets with a two. Don't worry I'll let him use the cold Dayton motion a watch your toothbrush with 25 times the clean power in order regret it. Either you or the interviewee so important sing in the interview because you were the -- fund manager of noted that popped up just think what's your principal worry right here inflation. The manager clearly not gotten the memo momentarily had that zebra in the headlights look which is only slightly less clever that it. And then said no. On -- about inflation at the moment. Stunned silence who read. And that's. Your ass then you must be worried about slice it. I think that the subject the target whatever you call. Don't D'Anthony interviewer and gave -- one of those big yes I am somewhat concerned phrases that lesson the lunacy of the moment. Which got me thinking it got me thinking that you know what. I have answered to the coverage of the sports. And your engines. A law worry. That it did not. Not three and one -- Me. On them but of course the pyramids. -- candidate that Matt didn't he's admitted and yes the Ohio State Lister bid I love the three and one -- We need to opt not to worry warts we -- reason we have this great poem we don't -- Our whatever these various over the counter not storms do and how much of I wanted to work in -- costumes and started the show. That's why we have created the old -- worry -- enemy."
" All of me is it. May not follow the law and her --"
" See this really is the issue and I don't waiting for a heavy down day like today to bring us up. There's always something to be a more rewarded. There's always something to become armed with as there has been ever since I started in this -- thirteen hundred. And all and the worries just cancel each other out. Consider the questions posed by the interviewer today this is desperately worried about inflation. And the next guy's -- worried about deflation. That appeal to act and I think we go beyond some sort of course some. Inflation but not catastrophic 1930. Players. I -- mystery between. Because that means I can own the bank they do great united -- Takes -- JPMorgan crafts and golden slacks I I would have my charitable -- already you -- since both -- obviously in that particular environment. Sounds like a taste for. Worry wart remover. And all day. Well -- something I've been worried about because we. But there're so many oil stocks that dominate this market to drillers like Transocean somber day or the majors like occidental -- that perhaps scion to our. -- people are worried about oil going up too much or going down too much. Maybe it's not -- level lift rule and we should be buying slumber stare oxy or reading or witness like today. Once again a little old dad all wart remover. Yeah and -- stick solid. Doesn't go on strike. He won't seek safe effective -- use this. All right this network. To film that's like a real medicine. -- How about the dollar I lots of people worried about the weak dollar. They're frightened that -- it what it says about Obama don't -- about what does about Gary US bond market. But I -- the other him worry about the dollar getting stronger. Which -- cry your earnings of all the foods like the Coca-Cola isn't it dogs and behind this. As all the drug companies like Kramer on the fate lies a remark. --"
" But both sides going nuts and boring I have to tell it what everybody is frightened eyes say."
" The daughter -- it's the right level. So war rumors definitely call for this one -- want to douse of the little liquid nitrogen and it's. Or help out skyrocketing interest rates from a month ago shouldn't we be ultra mega big -- meet Joe Biden -- worried about that."
" And have lots of people fretting about an on air. -- I am worried since it's. Kids."
" we -- even from. Got up and de if you do the arithmetic you know they haven't affected affordability of home at all for the first time homebuyers who don't idolized for ever and limited their new -- new law."
" Because they now at the 8000 -- credit."
" Anyone mad that credit obliterates the teeny tiny point 44% to ignore it trading present -- still worried about. Opt in question taking out a man -- sized Jumbo mortgage 8000 dollars back rooms it. Makes you want to Goldwire regional bank that can benefit like first marriage in Ohio serious double duty worry wart removal needed."
" Nailed me now I I'd say is wrong. Not yeah I am saying that is."
" Wrong. To worry. When -- opposite sides of the same coin and their busy can't each other out. The problem of course is the notion that it is irresponsible. Not to be worried. It's become one TV and once you blog about it you look like -- worse it hurts -- lowest -- But it is not job remind you was someone -- was made tens of millions of dollars why I was worried that it can't constantly take counseled every. You need to recognize that markets go out like today important the -- It's that up so much that I'd be worried about the people have been sold something I'd be worried about if you have been sold on -- and I don't them. You -- you worry you know what I worry about more than -- you know it's what I can't use the wart remover. Giving back money that I had neat. And I happen on the red destroy and it's in my account I look at it every day but it is not a profit until it's taken that's my worry. Biggest turning a profit into loss isn't just something you you should be worried about. It's a cardinal -- The bottom line in this market you can't afford to forget -- worry wart remover. Teen worried about every problem and -- mutually exclusive polar opposite is not a strategy. Even if it's most of what the financial press wants to talk about. It's a recipe for missing every great buying opportunity was down a 120 points today. Because you're paralyzed by age old concerns that have often already been factored into the market. Because everyone else is so fearful that you've just gotten your chance to make serious team if you just keep that wart remover handy. Keep the war and works at arm's length. Or at least finger length because that's where the worst ones are okay let's -- at age one mile post and does --"
" deeply PGM multiple -- just you know what's up. -- you show back in pretty bullish about Anadarko and I was just wondering how did the reaching US plot -- to get them. Relating to acquisition economy he'd fallen introduction our perspective I think the the company -- opinions I'd."
" This is the kind of thing Joe this is what I call the mindless lawsuit that everybody knows about when it comes out somebody sells. I think that Anadarko is absolutely safe and far more concerned that but it natural gas fell from four dollars and two cents at three dollars and 78 cents because -- what this thing is totally lever to was the price of natural -- but remember we told survived 454443. At the secondary that's about the 49 has come back to 47 your -- your point is 4550 way to deal -- don't touch it until -- back there -- and -- Hardly ever getting are good people Johnny."
" I jubilee. We all. We market was able to plant. An milk -- WSP. Weatherford international energy that it took a hit today. What was -- I got 809 dollars. Mine are ten dollars and that's that when he exactly closed today doubled a quality. My Iraqi oil thing -- for awhile as well to do myself Jeremy."
" One tells me at North Dakota and it got worse that I don't know if you got worse since you are what the house wanted to cut in half right now I couldn't. I was -- know like the company."
" just take that off the table."
" Tomorrow morning once -- profit or I will --"
" Don't let that -- run you've got a great great a great investment and you've done a terrific job and I say -- old North Dakota news out there now don't feel sorry award."
" Don't worry you did and don't leave home -- your words there. Mad money be right back."