Today, dow falling 22 points. Nasdaq declining only fractionally and s p advancing 1. 3 , but the average is again masking genuine market turmoil underneath. You know what . Lets lift the hood, see whats underneath it. See what really happened today. First, understand that the big Money Managers who collectively decide the direction of our market with the buying and their selli selling. Sell, sell, sell. Have sold only one thing in the last two month, seen the Earnings Growth at a reasonable price and they wanted this combination with the help of a dividend and buyback because they lost faith in the highgrowth momentum stocks. These highfliers which have been so good for so long allow Portfolio Managers who own them to handle the outperform their benchmark, the s p 500 and whats the point of giving your money to an active money manager with an index fund if the manager cant beat the index . These expensive Equity Stocks like work day sales force. Com and amazon, netflix and facebook were beloved because they handily crushed the average Stock Performance as expressed by the s p 500. So they became the only game in town especially for the most gogo of managers, it is real gun slingers who swing from stock to stock every day, but when the momentum stocks stalled and then crashed something started at the end of february when sales force. Com made a dramatic uturn after reporting a pictureperfect quarter and continued down for the last two months. These Institutional Investors flooded and headed for the safety stock hills. Sell, sell, sell, sell their headlong flight changed the coloration of the market, the hottest areas turned cold. The outperformers disappeared and then worked into monumental losses. At the same time the stocks fulfilled their purpose along with tidy buybacks and sweet dividends and they move up in the stocks and a 3 dividend and a move up isnt much versus the kind of 30 the capital game and momentum stocks have been consistently and its a heck of a lot better than the 30 declines that so many of the momentum stocks have recently experienced. Today the momentum stocks came roaring back right out of the gate while safety was abandoned. The flaw funds from slow growth to hypergrowth persisted right against the bell. What changed here . At least for now . First, when yelp reported earnings we finally broke the pattern ive been talking about here, the pattern where a growth stock reports really great sales and pops in the afterhours trading on the turndown swiftly the next day. And it started with salesforce. Com and continued right through with amazon and the company, and facebook which reported a dynamite quarter with real earnings per share rose huge in after hours and then got slaughtered anyway. Yelp, instead traded down last night and rallied from the opening bell, finishing up 5. 70 or almost 10 up. Thats the exact opposite of sales force. Why didnt yelp break down like the rest of them . Because it halready had, you knw it sky dived without a parachute to 55 bucks. It was cut in half already and we know the momentum stocks was in part, caused by simple overvaluation. Many managers have lost the statistics on the prices theyre willing ing ting to using a ho metrics and whatever it takes to compare stocks on an apples to apples basics. The moves in the momentum stocks have become all too real, obvious, even. And the more prudent managers were never crazy about being in the stocks anyway, they wanted to beat the benchmarks and as i told you, this part of the market became inundated with supply. Sell, sell, sell many with dubious financials and very little hope of a profit, we had various insiders. House of pain house of pain stocks are like any other price of merchandise. Think sweaters and department store. When theres too much supply it gets marked down, marked down, marked down until it reaches a level in which all available merchandise can be sold and it would be sent to filenes basement. So you can argue that the overvaluation had been cured, cured by lower prices at least for the moment and thats what stunts the selling. Be mi behind the scenes another nefarious selling and Companies Want yet public, but waiting in the wings started getting out of hand. When did facebook pay 19 million and how about three companies with no real history of paying money. Along with box and drop box, two computer Storage Space and each raising capital at 10 billion valuations, all three, hey, why not . Wouldnt facebook buy them anyway . And if facebook didnt, worse comes to worse we would dump it into the redhot ipos and restrict you on much stocks have the offering and suckers are Born Every Minute and the Public Markets arent they . With the public collapse of the stocks and the box and drop box realized the jig was up. Do you know in the last 48 hours all three decided to postpone their deals to a better time. Duh that eliminates the potential decline, for each one it could have been 30 billion that got side lined. It looks like the deluge is over. The portfolio stocks suddenly didnt seem so safe this vacation. Safety did take a vacation. Clorox, church and dwight, two Consumer Products companies failed to meet their expectations in the last 24 hours and hershey had slower earnings and they reported weaker signups as upstart tmobile, the uncarrier raided clients and they cant make up for a 10 decline in capital. Exxon today reported no Production Growth at all hence the there are decline. Two solid growers and Cardinal Health were hammered. The Money Managers who exited the highfliers want growth at a reasonable price and hey, you have to give them a growth or theyre not appeased unless youre the slow growing companies you stop making money all together. So all of the money parked in safety stocks were itching to rent a new home with momentum to it. Now theyve collapsed and selling has dried up. Think about this, as i mentioned last night as the ceo of concur technologies, dominance offer play in travel and entertainment. If he had reported two months ago, the stock would have popped in the quarter instead of being crushed and he gets his mojo back up 3 or 3. 42 and that was a backdrop change. Lets be clear, though, this markets become amazingly fickle. Buy, buy, buy sell, sell, sell whats lovered today could be hated tomorrow. House of pleasure. House of pain im not running for safety and not running from momentum and i believe in diversification and my Charitable Trust owns a smartering of both. The sellers of growth collectively seem to have a bit of a remorse liquidating stocks down 30, 40, and even 50 below prices from just ten months ago without a change it the fundamentals. Heres the bottom line, the pain of the momentum losses are very much with these Portfolio Managers. They got burned once and now i think theyll be twice shy and hit the exits if the highfliers rally above these levels. Sell, sell, sell brandon in wash issue whwash. Booyah, mr. Cramer. How are you . Whats shake for you, my friend . Im doing very well. My question is regarding conns. I bought it at 38, 39 and the huge selloff in february and the Company Reported they might not hit their earnings. That was a hideous shortfall. I got shares thinking it was affordable and cheap and the quarter look report comes out and it looks good. Im wondering do you think it will run up to the 60, 70 levels . No. No, i dont. I think frankly, once theyre broken they can rally, they dont get back to where they were. That was a hideous quarter and i just dont see that thing snapping back. You know what i would say . Lets go to robert in georgia, please. Robert . Hi, jim, how are you doing . Im good. How are you, partner . Im doing really good. Im interested in wwe stock, World Wrestling entertainment and i understand they reported this quarter and im thinking about buy five or ten shares. I did not i mean, i saw the quarter and i, frankly, was not crazy about it. I know they beat the estimates but there are statistics that tell me that that stock has peaked. I dont think i want you in there. I think there are a lot of blue chips that have come down that have seen a lot better. Listen, were seeing a fickle market and thats why diversification between safety and moment up stocks, in this market . Yes, only free lunch and it is all the rage, but can can the stocks live up to the hype, my two cents on one of the big guys just ahead. It aint pretty. How about this . Dominos delivered another piping hot quarter, but its stock was scorched today. Should you grab a slice . Ill sit down with the ceo when mad money returns. Coming up, getting distorted . Highend audiomaker harmon reported a stellar quarter, but the response on wall street has been muted. Is it the time to buy or is the street rightfully spooked. He has an exclusive with the ceo. Dont miss a second of mad money, follow jimcramer on twitter. Have a question . Tweet cramer, madtweets. Send jim an email to madmoney cnbc. Com or give us a call at 1800743cnbc. Miss something . Head to madmoney. Cnbc. Com. We needed 30 new hires for our call center. Im spending too much time hiring and not enough time in my kitchen. [ female announcer ] need to hire fast . Go to ziprecruiter. Com and post your job to over 30 of the webs leading job boards with a single click; then simply select the best candidates from one easy to review list. You put up one post and the next day you have all these candidates. Makes my job a lot easier. [ female announcer ] over 100,000 businesses have already used zip recruiter and now you can use zip recruiter for free at a special site for tv viewers; go to ziprecruiter. Com offer2. At a special site for tv viewers; female announcer sleep trains interest free ends sunday. Its your last chance to get three years interestfree financing on beautyrest black, stearns foster, serta icomfort; even tempurpedic. Plus, get free delivery, and sleep trains 100day low price guarantee. But hurry sleep trains interest free for 3 event, ends sunday. Sleep train your ticket to a better nights sleep reports a good quarter and the stock goes down anyway. Take Dominos Pizza. Weve been there before dpz terrific chain with over 10,500 stores in over 70 countries and not to mention its been on a fabulous multiyear run and after speaking to Patrick Doyle and 670 return since then. This morning dominos reported a solid quarter meeting wall street estimates and beating revenue number increased by 4. 9 yet the stock dropped 2. 58. People were expecting an even bigger beat and many were concerned about higher raw costs that the company made sure was talked about. Still dominos has a tremendous International Growth opportunity and not to mention the mobile ordering platform that ive ever seen in any industry. Maybe starbucks and even after rallying so hard in the last four years, they traded at 22 times growth rate. Lets check in with Patrick Doyle. Mr. Doyle, welcome back to mad money. Good to see you. I always view you as a new product story and ill let you review the new products before we get to the numbers. We have the new specialty chicken and its terrific and were taking boneless chicken and putting pizza toppings and its specialty chicken with the dominos twist. Is it coming out hot . Were feeling good about it. Were feeling good about it. Absolutely. When i listen to the quarter i hear a bunch of terrific things. The growth is good. Indias even better. India is biggest . India is doing terrific. With the toppings, necessarily . Right. And then i hear you point out, because this is the way you are, pointblank, listen, weve got the commodity basket wrong and it was rather tough because you predicted it down two and instead its plus 46 and you took my breath away and ive always felt that the model is such that i dont have to worry that much, but thats a huge amount. It sure is. It sure is. What happened . You couldnt see it coming. No. We couldnt see this one coming. It was a couple of things. It was the weather the weather was good for you. For your ordering and not for commodities, right . Not for commodities. It actually stressed the cows and the cows were not producing as much dairy because the weather was cold and the export market on dairy has been really strong and so that, we just didnt see that coming so dairy was a lot higher than we thought. Pork as well. To 2. 16. Thats right. It peaked at about 2. 40 alltime high. Its backed off now. I think it closed today at 2. 10 and this is thats pork and you know, whats been going on with pork and we didnt see that coming with the problem with the pigments. People say wait a second, its a franchise and how does it hurt your quarter . We still own almost 400 stores and youre right. Were mostly franchise. So we dont feel it as much, but its still important. And the company stores, two straight quarters this you thats not like you. Thats going to change, right . Were going to get it fixed. Okay. Just management. We just have to execute better. Lets talkec technology. You now are talking about an ipad app that gives highdefinition why do i want that . Its amazing. It is absolutely right now. Its the best experience for ordering dominos. Its this amazing 3d builder and the photography is beautiful. So i dont have to i can do a much coolerlooking pizza when i build my pizza . It looks beautiful. You to see this thing. It is just amazing. Customers love it with the ratings that were getting on the itunes store is fantastic. Apple has it up as one of the best new apps right now. And a lot of people dismiss this stuff, but youre talking about 50 some weeks, ordering via their device . Thats right. Versus digital. You mentioned both facebook and you did, on your site you talked about facebook and twitter. I see you only have 527,000 on twitter. I think its facebook driving this traffic. Facebook is much bigger. I think were at 9 million likes right now there and its big, but really, were spending 25, 30 million now on digital media. So banner ads and paid search and all of those things. It does a terrific job of driving volume for us. Okay. Now things are weve been talking a lot about how i know Small Business people a huge percent worked at dominos. I know the cash is freed up now a little bit better. I was surprised that you only opened five new net stores this quarter. If cash is better why arent more people opening franchises for dominos in america . The First Quarter is always the slowest opening and frankly, the weather is a little worse so we tend to be seasonally higher. Our franchise owners are busy. Theyre making pizza, selling pizza and delivering pizza and we tend to open more in the second half of the year. That actually is a nice improvement what we did in the Previous YearFirst Quarter and the International Number on openings was just fantastic. Okay. Yeah. Definitely was. It was great to see that and compensation, and i have to go there, im not trying to sneak it in. I am all in ceos who make our shareholders a lot of money. You have, we just gave the percentage. Suki, i hear the most overpaid man sat where you are and said my stock is at eight bucks and he made money and you made money if the ceo is on the same page as the stock goes up, to me philosophically is thats okay. The goal is to get it aligned and our franchisees are doing well and everyone is doing well. The stock went down a lot. The ceo there, three years, 2006 to 2008 there was no bonus and no nothing. To me, i dont know. I want to make money and the ceo doesnt make money and if the ceo doesnt make money for me i dont want it to make money for him. To me the story is just as good as ever. Thanks. Thats Patrick Doyle, president and ceo of Dominos Pizza. Check out the financials and a lot of people knew where things were going. Check out the payizza. I eat it. Its good. After the break ill try to make you more money. Coming up, printing profits . Investors searching for the next big thing have set their sights on the 3d Printing Industry. Can it add another dimension to your portfolio or will it fall flat . Dont miss cramers take on one of the biggest players in the space. Aflac. Aflac, aflac, aflac [ both sigh ] ugh you told me he was good, dude. Yeah he stinks at golf. But he was great at getting my claim paid fast. How fast . Mine got paid in 4 days. Wow. Thats awesome. Is that legal . Big fat no. [ male announcer ] find out how fast aflac can pay you at aflac. Com. Hey, today we saw a massive rally in the hated momentum names. And the threedimensional printing stocks which have been total dogs for months now. There are reasons to believe that many of the momentum players could be done going down at least for the moment although that could turn on a dime again and more on this later and when it comes to the 3d printing stocks which are the poster child for the jilted love affair for all things momentum. I think youre given right now a terrific opportunity to calmly sell them. Sell, sell, sell into strength. Take 3d symptoms, 3d d which has long been considered the creme de la creme of, 3d printing. From last december, it got bid up to 97, but after the momentum onslaught of the last few months the stock has given back all of those games falling back to 50 where it is now and thats about a 50 decline and after being nearly cut in half, i think 3d systems still belongs in the sell block. I was never a fan of the printing stocks on the way up. I thought it was cult like in behavior and the moves were parabolic and the whole sector was going to get slammed and which is exactly what happened and i think the meltdown isnt finished that many of you are still hanging on to these stocks for dear life. So whats wrong where the 3d printing cohort in general and the 3d systems stock in particular . These companies are in a fastgrowing industry. No question about that and they have rapid Revenue Growth and some of them like 3d symptoms are profitable, and a lot of represents why they rallied so hard before had to do with hype. I get it. 3d printing is really cool. The idea that you have a machine that can make any kind of object, thats awesome. No othe