This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Jim Cramer's 'Mad Money' Recap: A Scary Market

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.

NEW YORK ( TheStreet) -- Beware of all the spooky talk on Halloween about bubbles in the market, Jim Cramer said Thursday on "Mad Money."

The bubble talk is everywhere. "You hear it from smart people who've been around for ages," Cramer said. "You hear it from young whippersnapper short-sellers who need the market to come down so they don't look so stupid when they tell their investors how they're doing at the end of the year."

They were at the top of their game today when the market looked really soggy only to work its way back on the strength of some better-than-expected earnings.

Although some people are saying the market is too high, that's not the way Cramer thinks. The market is made of a ton of stocks, some of which can be very overvalued and others that may be undervalued at the same time.

Some current bubble stocks include Amazon (AMZN), Netflix (NFLX), SolarCity (SCTY) and Tesla (TSLA), Cramer said.

Even though Facebook (FB), a holding in Cramer's charitable trust, Action Alerts PLUS , and Starbucks (SBUX) had positive quarterly reports on Wednesday, by Thursday morning there was already talk of it being time to sell. "Bubble-fearing analysts were determined to slam them down," Cramer said.

Cramer's advice: Stick with "best of breed" stocks even while taking some of the position off the table. "Let the rest run," he said.

Executive Decision: Dinesh Paliwal

In his "Executive Decision" segment, Cramer sat down with Dinesh Paliwal, chairman, president and CEO of Harman International (HAR), the provider of premium audio and infotainment systems that has returned 130% return Cramer last spoke with Paliwal in June 2012. The stock rose 12.5% on Thursday.

Paliwal boiled the company's success down to four points: innovation, cost control, looking for new trends and working with other great companies. Then, he said, it's all about execution. "Execution has to become your DNA," he said.

As a global company, Harman looks for what Paliwal calls "best cost" countries for manufacturing, like India, China and Ukraine. Mexico is an excellent example of a "best cost" country and has the advantage of being close to the U.S.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs