Jim Kramer here to share with you a sample of my take on the market from today's

CNBC Investing Club morning meeting.

Jeff, we have a day, which is very akin to what I wrote about this weekend in my Sunday

think piece, which is that you have big down, but then there's no follow-through. And I think one of the best examples,

let's just go there, is Starbucks. Starbucks pre-announced last night, quarter was horrible,

but keep in mind, these aren't Brian Nichols' numbers. He was CEO for three weeks of this quarter.

Hasn't put in his plan yet. So you got to give them the benefit of the

doubt, but it's clear that what they were doing under previous regime did not work. And they

pointed that out that all their investments and promotions did not work. Comps traffic was down.

Significantly, comp's down 7% versus an estimate of down 3.5.

Earnings, 80 cents versus an estimate of $1.3.

So the good news is that they can only really go up from here.

And I think that's what the market is saying today.

As you can see, now it turns green after being down 3% and 4% pre-market.

Last night it comes out and trades to 92-93.

And I said to myself, well, don't people realize what he did was do a clearing event.

He's actually just gave you the numbers that got Luxman-Resim fired.

And it's going to be up from here.

I would stress the simplification.

One of the things that he worked on the most, Brian, when he was at Chipotle, was he timed all of your lines. And it was a 23-second throughput in a Boston

Chipotle that he saluted on the conference world. This is a man, it's about getting your

coffee, getting it fast, and also not making it so that, like Luxman did, millions of options. So more than a million permutations. That's stupid. No, absolutely. And look, this turnaround is not going to happen in a quarter's time. Probably not even. It's going to take a little bit, but there's a really good video that they put out. I love that video.

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