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Mad Money w/ Jim Cramer

The Dow Falls Nearly 1,000 Points, Generac CEO, & AEP CEO

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.3 • 4K Ratings

🗓️ 6 March 2020

⏱️ 45 minutes

🧾️ Download transcript

Summary

The Dow fell nearly 1,000 points today and Cramer’s putting this volatile week into context. Then, in the midst of market turmoil, Cramer’s sitting down with the CEO of Generac to make sense of the stock gaining over 120% in the last year. Plus, could the utility stocks power through the volatility? Cramer’s checking in with American Electric Power’s CEO to discuss what’s on the horizon for one of the largest electric utilities in the US.

Transcript

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0:00.0

My mission is simple to make you money.

0:04.0

I'm here to level the playing field for all investors.

0:08.0

There's always a bull work at Summer,

0:10.0

and I promise to help you find it.

0:12.0

Man money starts now.

0:19.0

Hey, I'm Kramer.

0:21.0

Welcome to Man Money. Welcome to Kramer America.

0:23.0

Other people want to make friends.

0:25.0

I'm just trying to save you some money.

0:26.0

My job is to entertain, but more importantly, to educate and teach.

0:30.0

So call me at 1,800, 7, or 3 CBC, or tweet me at Kramer.

0:35.0

How worried should you be?

0:38.0

Nine business days ago, the legendary Warren Buffett,

0:41.0

talked on CBC about the greatness of America and the power of long-term investing.

0:46.0

He explained stocks were still the best assets.

0:49.0

He pointed out that even if you bought and held during the financial crisis in 2008,

0:54.0

the worst possible time, you're a big now.

0:58.0

But since Buffett made that call two weeks ago, the S&B 500 is down roughly 10%.

1:03.0

That is important to another brutal session with the Dow plunge 970 points.

1:07.0

S&B plummeted 3.39%, and the NASDAQ knows that 3.10%.

1:12.0

Buffett always says that you should be fearful when others are greedy,

1:17.0

and be greedy when others are fearful.

...

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