Late to give in. You aint seen nothing yet even though the dow had the eighth straight up day in a row. Thats what i heard all day yesterday and today. The dow edged up another three points, s p dipped 2. 4 and the nasdaq is back 3. 2 . Look, you know me. I always want to make the points. And theres still plenty of money to be made in this market if theres money to be made on stocks or even renting them you know i want you to make that money but i also know the psychology of the market lurks big right now. I see people all over the place trying to join me in the bull cap they have been sunshine bullied summer bulls i see people coming on our air and saying hey, listen, i was wrong oh, yeah i shouldnt have called a top, because it felt good to call top now they like it because the market is working. And you know what . I dont like that. Im seeing analysts who have been bearish on stocks and ive liked for some time. Ages. And theyre coming out now and saying now is the time to buy, buy, buy i dont like that. Im seeing investors reach and chase, even though the dow has been up for eight Straight Days and its a marvelous quarter. I dont like that either. So at the risk of the market never coming down again, i want to say right here, that if you havent beaut yet, why dont you wait. If i dont own any stock or a lot of stock or catching the stock bug for the first time in ages, take a pass. Right now. Take a pass. And its not because i dont like the fundamentals. I like them very much i just dont like all these newfound bullish fellow travelers here. Let me explain why im taking more modulated put to the tape or the action in the market. For the moment. And i stress, for the moment because i like the market very much. For example, i like the fact that i still feel very lonely in saying that i actually like the economy here and have liked it ever since the fiscal cliff was resolved. Sure we have some hiccups. Master card saying they have degradation. Dicks missed numbers yesterday. We recognize that china has got its head handed to it of late. And the United Kingdom is now joining italy, france, greece, spain, and taking another step down. Geez, its ugly out there. The house of pain i can scream every time someone asks about when the fed is going to take the punch bowl away. I wish that analogy had never been coined. But i have to now doubt ive got to doubt, theres no doubt, theres no doubt that there will be a tough moment for this market when ben bernanke changes his stance, even if the economy is humming. I just dont know what level that top will come from. Maybe it comes from dow, i dont know, like 16,000 or what the rest of the employment picture will look like. Because we do know the federal government is pulling back from job creation fast and furious. Oh, by the way, i dont like that north korea just undid the hard fought armistice with south korea or the new leader wants to destroy washington while watching basketball with dennis rodman. Somehow if it was Michael Jordan he had been hanging out with, i would be less concerned. However, despite all these big picture woes, what do we know, we know from costco, home depot, target, walmart. And from macys the things are just dandy with the consumer. And as horrible as jcpenney is doing, courtesy of an implosion led by wallofshamer, ceo, ron johnson, cant be providing a boost for every retailer, could it be . The consumer is fine. So im bullish, what else. Housing is strong, getting stronger. Consensus says well build 1 million homes, i think it will be way off, 20 more than that. 1. 2 million. Autos still strong, staying strong. Industrial production hanging in. Job creation. And that is pretty much the u. S. Economy. So im not concerned about the economy. So why am i concerned about the market . Well, look. I think the market can take a breather. Thats all im saying. A better entry point which, again, is all im saying. Let me tell you though, why i think that you could get a better place to buy. Just wait for it. First, as of today the dow has been up for eight Straight Days. What does that mean . It means Going Forward we are due percentagewise, statistically, to a defeat here. Do you know that in the last dozen years we have never had a winning streak of longer than eight straightup days . Not once not once, have we only had eight Straight Days, in the black five times before in the last 12 years. So not never had nine Straight Days. And only five times in the last twelve years. And only ten we were up seven days in a row. In those cases, a week after the streak was over, the market was only up half the time. And a month later the market was either flat or down 80 of the time. So right now the odds do not favor using tomorrow as a good entry point. Okay. Im looking at the averages. Remember, unlike the johnniecomelatelies who want to get in so badly, ive been a huge bull so im entitled to say that. Second, many analysts are joining the bandwagon in what i regard to be a reckless fashion. This guy from Goldman Sachs went positive on best buy. Thanks a lot. The darn thing is up 71 since the beginning of the year. Where was this guy when the stock was bouncing along the bottom a couple months ago . Thats chasing. Third. Credit suisse upgraded Sherwin Williams from a sell to a hold today. Darn, they also had a sell on the stock from january of 2011, at 80 bucks. Now its more than 100 points later, 52week high. This joker comes on and says he wants to be wants to go to a hold . Couldnt he at least wait for a price break . Finally, lets talk boeing. This stock rallied again, another buck 22. To me this move is a straight shot from 70 to 84. It feels like a short squeeze. Hedge funds have been betting against it because the dreamliners battery woes and couldnt take the pain when a Brokerage House came out and said today boeing is about to win a 200plane order with news that the u. S. Gave boeing the go ahead to test the 787 battery fix. I believe the squeeze continues. But you have to understand, its just a squeeze by people who are chasing, and they cannot take the the house of pain these stock upgrades and short squeezes all come under the category of chasing. I always say, never force and do not chase. Wait for your levels. There is no gun to your head. You arent a hedge fund manager, who has to nail every day right, as i used to. No one is standing over you and saying how could you not have cleaned up today so unless you have some merchandise knocked down from its highs, and i have ideas later in the show, or has an upcoming trade and catalyst, i say keep the bat on your shoulder. We wait for our pitch. Warren buffett, the oracle, always says, there are no cold strikes in this game. Heres the bottom line. Im not saying get out now. No, not at all. Im not saying its over. Its far from over. Im simply saying at this moment after the eighth straight day up, when no streak lasted longer than that in the last dozen years, we need patience for better entry point. Right now, im willing to miss a percent, even two. Its just not easy money anymore. Mark in georgia. Mark. Caller booyah, jim. As we saw today, gold seems to be going up as the market takes a breather and contemplates a pullback. I would like your thoughts on using the Mining Companies like silver wheaten which you mentioned earlier this week and bharat gold as hedges against the downturn in the market which has obviously experienced a nice run. I dont think were going to put those those two are not similar. Silver wheaton is a royalty play. Bar rack is deep plea exposed to gold. I prefer the gld but i think silver wheatton could work here. The reversion to gold is bad for the market. Step aside for a couple days. Michael in new york. Michael. Caller jimmy, booyah from new york up there the other day. Beautiful up there. Big turn. I love the way it works. Caller all right, man, longtime listener. Loved your book, getting back to even. Thank you very much. Caller my stock is cvrr. Reported a good quarter today. Congratulations to you for being your stock. Caller they increased the distribution forecast from 472 to 550. What do you think about that . The gold measure refinery. Why do i say that . You can buy oil for 60 bucks and then refine it and sell it at the bren price almost double that. Thats called making money, hand over fist. And all the refiners are doing it. Patience, believe it or not, at this stage. At this stage, is a virtue. No its a necessity its not time to run in fear of this market. Im not doing one of those get out now, that feels good kind of thing. Im saying relax. Eight straightup days. Why dont you wait . I bet we get a better entry point. Mad money will be right back. Coming up, Vacation Time . A more confident consumer is spending cash to head out on holiday. But as the reservations roll in, who is booking the gains . Tonight, cramer speaks to the ceo of wyndham worldwide to find out if its accommodations are right for your capital. And later, lucky strike. As the economy picks up and states push through legislation to legalize online gambling, is it time to ante up on casino stocks . Dont roll the dice just yet. Cramer is checking the odds of success when he goes off the charts. Plus, striking oil. Shale Service Company heckmann has been a controversial play on oil and gas. But critics were left speechless after better than expected earnings sent its shares skyward. Find out if the Domestic Energy boom could power this stock higher when cramer talks to its executive chairman, just ahead. All coming up on mad money. Dont miss a second of mad money. Follow jimcramer on twitter. Have a question . Tweet cramer madtweets. Send jim an email to mad money cnbc. Com or give us a call at 1800743cnbc. Miss something . Head to madmoney. Cnbc. Com. [singing] hoveround takes me where i wanna go. Where will it send me. One call to hoveround and youll be singing too pick up the phone and call hoveround, the premier power chair. Hoveround makes it easier than any other power chair. Hoveround is more maneuverable to get you through the tightest doors and hallways. More reliable. Hoveround employees build your chair, deliver your chair, and will service your chair for as long as you own your chair. Most importantly, 9 out of 10 people got their hoveround for little or no cost. Call now for your free dvd and information kit. You dont really have to give up living, because you dont have your legs. Hoveround replaced the legs. And now every hoveround comes with this handy tote bag and cup holder for access to your favorite items. And right now, get this limited edition hoveround America Travel mug free with your hoveround delivery. [singing] hoveround takes me where i wanna go. Call or log on to hoveround. Com to find out where a hoveround can take you youre going to love this one. A blah day like today, i think its important to point out just how far we have really come in the last four years. Remember, almost exactly this time four years ago everyone was scared out of their wits. The economy looked like it was sliding to a depression. The average hitting generation lows. So now that the averages are back or near record levels, its time to ask, what has been the singlebest performing stock over this whole period . The answer, you may not know it. Its wyndham worldwide. Wyn. The lodging and Hospitality Services company, also the numberone player in the timeshare business. Four years ago at the generational low, people were worried about wyndhams viability, pretty interesting, the Worlds Largest hotel chain. Stock boted omed at 2. 92. Now trades at 62. 10. Lets figure this out in percentages. 2,027 gain. In other words, if you want 1,000 shares of wyndham at the bottom for 2,920, you would have an investment worth 62,100. Enough for a down payment on a house. For those of you who dont know, the company is three key businesses. You might recognize them as days inn, hotel operator, owns the real estate, pays wyndham a cut of the revenues. Franchise. Second, the company has a Vacation Exchange and rental biz where owners swap units for a fee. And they also help rent out other peoples Vacation Properties for a fee and a cut of the commission. Finally, wyndhams biggest business, developing and selling time shares which is a red hot business right now. February was fabulous. The stock rallied 50 , only 13 months ago. I think they could have more room to run. Lets talk about steven holmes, chairman, ceo of wyndham worldwide, find out more about where his company is headed. Mr. Holmes, welcome back to mad money. Good to see you. Thanks for having me. To get that performance, youve got to have two things, unbelievable business and also an attitude toward the shareholders. Because you have been the most aggressive buyer of stock of any company that i follow. So which what is, do you think, the mix between your social contract with shareholders and your business that gave this kind of performance to the people who own your stock . Well, i think you have to have both, frankly. We have great performance, we have great businesses, and we have performed very, very well. And we have been consistent with our message to shareholders. We have said that were not a bank, were not going to sit on cash, so we tend to increase our dividend and along with our earnings. And we tend to buy back stock when weve got the cash to do it. So thats been a consistent message over six years since we have listed on the new york stock exchange, we have given back about 3 billion to our shareholders. And we think thats the right thing to do because for us to sit on the cash is not the right thing. If we can make acquisitions, we would love to do it but if theyre not there at the right price, we want to give the cash back. Can i just say, you and i saw each other at a function where we listened to Walter Isaacson talk about apple, if apple did your philosophy, the stock would be at 1,000. I dont know. Every company is different. I can only talk our company. Fair enough. Now, talk about an assetlight model. And you just mentioned you dont take a lot of risk. But i think viewers always are confused about the hotel business. Figure they see these empty hotels during the bad period and that must be hurting wyndham. Actually, the opposite. An empty hotel is something youre looking for. Well, were looking if we can turn that empty hotel into one of our brands. Put our flag on it. But youre right. We dont have the up side from when the Real Estate Market goes really high, and people who own hotels can sell and make money. But we also dont have the risk on the down side when the markets are low. We take a piece of the as you said earlier, we take a piece of the revenue as a royalty for the use of our brand and to do our marketing. We dont play in the profitability of the hotel. But four years ago, there was a surfette of hotels. Were running into a shortage, arent we . There is not a big supply generation going on right now. The normal supply growth is about 2 and running well below that right now. But it will start heating up. Well see more hotels coming in. Theres the Hotel Industry is cyclical. Hotels get built and then they get overbuilt and then that drives down the rate that could be charged. Last time you were on, 50 ago, you said room key, which is a business you have, great concept, put together by five hotel companies, next big thing. You said its the kayak of the hotel business. In the interim, hotels. Com owned by priceline buys kayak. Are you correctly competitive now with priceline . Well, i think were directly competitive with anybody who sells hotel rooms. Frankly, we want to sell as many of our Hotel Franchisees rooms directly as possible. Because thats the cheapest way for them to fill a bed, is to do it through our system, through our online systems which we have improved dramatically. The room key gives us another avenue for being able to do that, again, is the lowest cost way for the hotels to be filled. So i think everybody benefits when we push more through our online presence. Okay. So i go on your site and surprised its now its just youre flashing big deals. How do you pick them . Right now youve got a couple deals that just seem too good to be true but this is just extra rooms that youre repping . How does it work . How do you pick what youre pushing . Well, i dont know what you saw that were pushing. If youre looking for a vacation place, you let me know. But the fact is, whatever is available out there that we can put into the hands of the consumer, we want to. The grand isle in nevada . Beautiful property. Beautiful property. And we do it based on yield management. The hotel sets the rate that we charge for it. So if the hotel feels they need to present a deal or lower the price, they do that and they present it we deliver it to the consumer. Okay. Youve got a mobile business. I know that mobile is huge in hotels. How is it working, what does it mean for you . Its fantastic. We upgraded our mobile capacity over the last yearandahalf, two years, yearandahalf we launched it. A big impact. Theres a lot of people who book hotels right from their iphone or their blackberry. And i hope they pull over on the side of the road before they book it, but we made it really easy, because they can look online, push the call button and call directly to our center to book the room so directly online or connect and do through a human being. We spoke about the idea that the departure the whole is worth more than the parts. How could two companies in this very same business one feel it was terrific to split up and the other feel its the right thing to be together . I think we probably view the two businesses differently. For us, time shares are you said before, our largest business. We also view it as more of a feeforservice business. This business, the timeshare business alone, did about 30 of its in feeforservice offerings. For example, revenue resort management or rental. Now thats moving more and more to fee for services. We go to our assetlight model, what we call our wham model, which is selling other peoples product through our sales and Marketing Force and we get a commission for that. So it really is a feeforservice business. That is not viewed necessarily that way by everybody. But i think investors are starting to understand that this is an extremely predictable business, did extraordinarily well during the downturn, performs well for all of our competitors. And underpenetrated business, too, with l