Two-Faced Market?

" Jim Cramer and welcome. And five world."

" Yeah greater welcome everybody welcomed the great America other people want to make friends just trying to save you little money. My job is not just educate but entertain so call me at 180743. CNB hate. Today is a total microcosm of what's happening right now in this storm market. We open nicely higher. A quick thirty Dow points and that we want to triple digits want to key numbers showing economic weakness. It's no particular reason and then take another tumble with the Dow closed down third. What a wild -- a total yeah. --"

" I was never good yeah yeah. No one can integrate asked whether we're going to finish upper -- which brings up the gigantic."

" End -- quarter question."

" Why the heck is so confused."

" Why it's so hard to get a handle on this particular stock market right now. Why -- we seemingly stock at the level."

" Why the market start up. -- crouch and then make Barack till recovered. To finish delegate."

" I DN. It's because they data."

" Or totally and completely conflicting. Attack."

" And you make a good case for being bearish."

" All cash. Everything in this market is and it's face. To face."

" Or for you Batman fan it's like Harvey dent slash two -- The fundamentals of the economy are simply can't meet each other out giving us this bull bear. Think about the stated -- consumer. On Friday's game plan for the week I we had to watch two key stocks on Tuesday. To gauge the health of the teams Obama. One was not. The other was the garden AKA olive garden and red lobster. I send these companies will -- awful lot about the discretionary spending situation. Tell a lot about the retail consumer and are not they come out what happened. Nike reports a great number says businesses humming. Get those future orders member that was the team at -- at a look at that a fabulous predictor of -- where sales over the next six months. Futures orders better than expected. Dornin. On the other hand. -- made it. Not so -- quarter."

" And then terrible gardens."

" Sales are picking up at the olive garden or red lobster so ninety and Darden cancel each other out. We learn nothing except it could go either way. How about how. Inventories the ones that are reported by the National Association of Realtors. New home construction is way down now both are good from my thesis that housing bottom -- June 30. Home prices have been stable for three months not to shabby. Get -- season every piece of foreclosure Gator. Data and the expiration of the 8000 dollar new home buyer tax credit -- say and it the futures worse than in the past. So we don't have upside here even though the key states Florida California -- on have all seen housing price decline by forty per and and that's been -- the bottom is over and over again. But real estate is local but it's so apparent bad market you don't think it's getting better and New York City where a lot of opinions about the marketer made. A bad market where a lot of sale aren't close. The perceived wisdom is that unless congress extends the 8000 dollar tax credit. Pretty soon cause it's over November 30 yet to close by -- you know the leg down. -- talk about the shadow inventory owned by banks and commercial real estate. I say those are real problems but the matter what I set."

" The pundits say they."

" Are all the bad and it can't be commenced otherwise because they've made up their markets. We have conflicting data with retail. Sales are pretty pretty bad across the board."

" But profits are going to increase. May be fabulously increased."

" Most retailers budgeted for bad sales. Remember that's -- her for America why -- the CEO of the F corporate stock I like from my charitable trusts when he came on the show last week. The two faced nature of the current moment is all over the place. Do you think the wealth effect the fact that people have more money now that stocks are up and how he stabilized and keep our economy would help drive the recovery. But the wealth effect does it matter if we don't start creating jobs. That are repeat that it does it matter if we don't dark creating jobs. He see the problem written large with the congress. It looks like congress is losing on the health care reform the Democrats including pres Obama that's positive for the market. But pres Obama keep pressing his bet that's negative and it only now to be seems to be focused and creating jobs. Well better late than never. -- The problem is -- had so little stimulus to the big job creators like in structured company. As new course he you know deemed to -- he'll keep reminding us."

" That we can't create jobs companies may not be firing any more but they're not hiring -- that we ask every you'll want to -- not a single one."

" Who's talking about pirate. And of course we have to worry about Friday's jobs numbers wells tomorrow's jobless claims number. You either dichotomy in the back. They've cleaned up many bad loans they've raised capital look at that Huntington Bancorp starting to move up because they get a second capital -- market likes that. They can make lots of money every morning when they turn the lights on why."

" She -- about what you make lingered upon you make nothing trying to get along."

" You're paying it much higher rates that's cool -- yield curve and it's very much in the bank Faber. But if we don't start creating jobs Mr. President. Then we won't create more loans either and credit card losses. Which looks like it did you Capital One American Express discover JPMorgan would indeed have still one more like."

" Actually the Fed isn't oblivious. -- how something so keep rates well."

" And -- it will continue to do our part to help the housing market with cheap mortgages. And partially help -- to re liquefy the system that worked in 1990 want to DN ABS an outcry this. Let them that that time Freeman went through the best banking stock environment history. So all losses might be -- are."

" Earnings we go -- I mean here we go again IPO market -- moribund. Did anyone come along reminds us how much we didn't make take over nonexistent. But -- in the last few weeks. -- Cadbury after it sold at Xerox affiliated feminine part didn't you may have upholds. A company sells it and just like most of the tax."

" Hewlett-Packard Intel will send east and it's all yeah. Are all of its telling domestic front."

" Industrials trying to. Bid."

" Strengthened base along with the mobile Internet tsunami is quite tech can be good. -- Other moment. Agreed to double high ends working while we hear good things from rob Ralph Clark from Tipton. Wal-Mart gave a speech last night said the US is lethargic no quick turn year although India and China growth could move the needle -- largest retail. So we have an easy bear case and music bull case you can't do well if you overlook the negatives and you keep -- well you overlook the positives. What played a plate as the credit market -- supply. That's why -- both Home Depot a retailer that he could home data. And Altria a tobacco company that can care less about new home gate of what has heights Il. I don't wear heels are so that's terrific. These are polar opposites I deduct from my charitable trust act works plus dot com. That it Sanmina SM wasn't I -- playbook way that still doesn't help us figure out where the market's going. What does explain why can be -- any. All right and try to do."

" Yeah oh yeah."

" Here's a little rule of thumb that can help us understand market when the fundamentals of the economy are pushed the fundamentals of the money and has been business or what controls the reason -- we could rebound today after big -- I think it wasn't because of any data it was because the mechanics of money management hedge funds are under invested there too negative. Many of them have missed one of the greatest rallies in history so they need to cover their short positions now that we're going in the fourth quarter. And go longer own a lot of stock to sell their clients that they're not war not. Hedge funds are fighting Bob Marley album they're battling against the redemption song. Trying to keep the money from clients who want to know how Long Will these managers killed our profit. Mutual funds are also pushing the market higher because. Yeah the more the rock the more marketing team can go to work the more money they bring in the more stocks still are. Other virtuous circle they go up by the way by moving their own stocks to improve performance. That's why you can see tacked up the fundamentals are good but the NASDAQ is all of placed severe outperformance. Some money managers will put money to work the air right now. To boost those stocks and their winners like this Emmys and of course the components of mobile Internet index need I remind you apples -- SanDisk I ports. Eighty Telekom caught up to act like -- percent. Here's the bottom line. If the economic fundamentals are eight push. Creating the yellow relaxant which I refused to you again because I couldn't do cat's cradle. Then what happens we don't fault the fundamentals of the money management business which remain positive. Going into a fourth quarter with huge gains under our belt and the bad quarter in ten years just finished today. And of course we keep our portfolio is diverse but not to mention play I am diversified on this very shelf let's start with the calls is going to Amy."

" In Florida ain't. I -- an aggregate."

" We'll get a sense on who you are you would you know how to like dart right to the top of the show with high energy guy say hallelujah."

" I'm Malcolm -- not investing your chart now that. And you got that helped out extremely rare AMD had let the bank that day you call that doesn't write good job."

" Like what we -- the outdoor corporation the stock that got a point -- lot number eight. It appeared to be extremely overbought. Thinking about the actual position on the block that move part of the thoughtful elect."

" Any or no investors are merely acted to you short selling remember the dynamic dot org selling stocks -- don't want to infinity but they get only 70."

" I think you're playing with fire don't forget we have Wes Clark recently he's he actually CEO of Jones day and why. What is it was strong he said both are strong I -- sources say boots are strong. I understand one of my sporting goods store they can't keep Decker -- in stock don't forget. And a Zion but -- behind that -- that's one of the largest purveyors of deckers."

" I think you may just want to step aside."

" Zurich's moved a lot but that's no reason to shorted valuations never a good move and I don't think you'll get a shortfall. Let's go to Mike get Ohio might."

" big step in an eight keynote or Ohio University can't get alumni. Are up."

" The contract had never get there. Here we thought about the bear attacks we talked about how I stay let me know that is always dedicated to Ohio university and how can I help marked."

" Yeah my questions about American oriental bioengineering POB. Well you know what you are. Selling are glad. At least yesterday that China is planning a national health care initiative in knowing that hospital these pharmacies -- profits energy is being positioned to capitalize. Their. -- replay elsewhere."

" Well we know the Chinese method if you I can't guy cheat you you can't say the patient attitude yet there's about."

" I think that that Chinese market is once again brought."

" Very -- game very difficult understanding downing I'm not going to go there I'm not going to blast the trade don't hot dogs aren't."