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Transcripts For CNBC Mad Money 20120509

looked like the end of the world, was this you? did you panic? did you dump everything? sell, sell, sell. or did you take a deep breath and calmly wait for a better moment to sell? something we got almost immediately as the market bottomed right then and there. dow going on to close down 97 points, and the nasdaq losing .39. but boy, it shot right up. nasdaq was actually positive. listen, when fear abounds, you ve got to have the guts, the guts to do nothing. rather than unloading stock right into the teeth of a sellout, which is almost always, always the right time to cap pitch late. that s what you did. i know it is incredibly hard not to freak out when everyone around you is panicking. but maybe it feels like people lose their cool every time the greeks rebel against the spartans among them and the rain from spain falls all over the globe, not just on the siberian plain. however, if you did sell at the bottom, maybe tonight cow bell. always need more cow bell. maybe

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