MAD MONEY: PIGGISH CRAMER SAYS DOW TO 14,500!

Jimmy Cramer was still bullish on the market and outlined that most of the DOW components were up especially the techs  and reiterated that the DOW will go to 14,5000!

Pushing another exchange, crazy Jim Cramer pitched CME Group (CME) say that the newly merger company with Chicago Board of Trade or formerly CBOT will profit from volatility.  He says that the Justice Department should have even allowed them to merge.  Will this be better than his pick of NYSE Euronet (NYX)?

Cramer added he was wrong on a few stocks that got murdered on earning the last few days.  Those include Buffalo Wild Wings (BWLD), General Cable (BGC), and Mastercard (MA) who had great earnings but expectations were much too high.  You gotta sandbag people that’s how you beat the earnings.  Duh!  Anyhow,  he apologizes (takes a big man to say sorry) saying “I was a hog in all of these cases. I should have said to sell them all,” he said. “You can’t count on me to tell you when to sell; you can’t count on me not to be a hog.”  He says sell them now so avoid further pain.  Short trade?  
Gregory Milzcik, chairman and CEO of Barnes Group (B) was on the show and explained they were growing in the aerospace sector and growing in Europe which suggest the good point of international exposure but Cramer still said “Let the downgrades come, and then I would buy some…This stock’s just way too cheap when it gets down to $20.”

Lightening Round:

Starbucks (SBUX) “I don’t like the fact Starbucks put through that price increase … but same-store sales are anemic. … I’m putting it in the Don’tBuy camp, but if it goes to 23, 24, it will finally be cheap.” – (DISCLOSURE: I hold some calls but I’m selling tomorrow after it’s weak performance today)

FMC Technologies (FTI) and Oceaneering International (OII): “Both at 52-week highs…exactly what you need when you need hard-to-find oil. If I had my druthers going into hurricane season, it’s going to be OII.”  Cramer is still very high on the oil trade.  While all other oil stocks are being rocked (refiners and intergrated oil too), the oil explorers are still rocking.

Superior Offshore (DEEP): “I like this stock, and I have been dead wrong on it. … No ability to rally. I can’t back away; the fundamentals are good. Too cheap to sell.” Seems like Cramer is still with the oil trade but natural gas trader, Eric Bolling says stay away.  (DISCLOSURE: I own Chervon (CVX) calls)