Election or the overvaluation of stocks, and they just come in and buy buy buy their faves. Thats whats happening rights now with the dow gaining 168 points, nasdaq climbing. 93 today. Why the sudden love for the market . First, its december and december, we get what i used to call the Old Hedge Fund the era of good feelings. Thats when you get a tacit deal between Major Investment FirmResearch Departments and large institutional shareholders. Its kind of like the deal my grandmother mary told me. If you dont have anything nice to say, dont say it except it applies to stocks, not people. Simply put, the analysts understand that it isnt worth rocking the boat and downgrading stocks at the end of the year when it could hurt the very accounts of the hedge funds and mutual funds that their firms cover. Whats the point of knocking down a stock now when it might damage the annual performance of the big bill payers . So if the analysts dont have anything nice to say, they shut up and save it for january. The corollary is true, too. The rule of december is that if you have some good things to say, then you shout them from the rooftops. Exhibit a, is an excellent piece from barclays today called be thankful for large cap internet. This is the kind of piece i used to dream about as a portfolio manager. So im just going to quote it. So you can see exactly what i mean. And it starts as we head into the final months of the year we continue to see a larger consensus around the same themes and stocks own large cap internet. It continues, i quote, while we would love to mix the pot and go against the grain sometimes, the consensus is right. For now we continue to believe Current Trends are supportive of our current ratings and outlooks. He then posits a question. Based on a term i coined here on mad money. Will investors keep their fangs out . Fang. Fang. He notes that for much of 2015, the fang trade, facebook up 35 , aumson up 170 , netflix up 157 , google up 46 . Those are all percentages from before the opening bell today. They have been the place to be in the internet, end quote. What can i say . I couldnt have put it better myself except of course i would have acknowledged i coined f. A. N. G. Should have copyrighted it. My bad. Because the piece failed to mention f. A. N. G. s derivation. Research like this has a big impact not just on my ego. [ rim shot ] all the stocks soared today. Face book jumped near three bucks, causing us to wonder what got into that stock yesterday when it sold off. While im at it, mazel tov on the suckerberg family on the birth of their daughter. Despite it being a long cyberweekend for amazon, they failed to rally yesterday. They soared 14 today. Netflix keeps humming and humming. People are starting to grasp the company is going to china next year. I bet they go nuts for netflix. I dont know if the communist party can stop the move even if they wanted to, especially given the house of cards is the most popular show in china when they didnt even have netflix. Get this. The stock formerly known as google is having a big run. Rallying close to 21 today. Simply because it needs to keep up with the rest of the f. A. N. G. S. Thats just one example. The list goes on. Consider we have seen endless downgrades of the airlines every time they go up a buck or two. Its repulsive but not today. The airlines soared. No analysts are out there to deflate them. Southwest and delta have been my two favorites, helped by the big time decline in oil prices. I have been worried about American Airlines with the us airways merger. So far, so good. The big change is that no one at last is getting in the way of ultralow Cost CarriersSpirit Airlines stocks surging higher. Its about time. The last time we interviewed spirits ceo two weeks ago, that marked the bottom of the stock. As it became very clear people simply didnt understand that he wasnt saying 2016 was going to be a down year like some analysts said. They misinterpreted him. Spirit is up 5 since then. The stock remains supremely undervalued. You want to see this era of positive good feelings play out . Check out the very benign plain vanilla boring kind of eh recommendation to buy eli lily by barclays. Not long ago, analysts had taken it down from 85 to 76 on the failure of a drug most people have already forgotten about. This recommendation, tepid recommendation said [ inaudible ]. That was enough to send it up more than four points to 86 today. It is now above where it was before the bad news hit. I think its not done going higher which is why we want it for my travel trust. Believe me, tomorrow a bevy of analysts will get behind lilly. Why . They know the big sellers have cleared and they want to please the guys who bought lilly stock. Hey, guys, well help you. How about this run on valiant . Remember when this company was a price gouger are with recriminations about some suspect Distribution System everybody has forgotten about . Darned thing rallied nearly 9 today. Hey, it was at 69 a couple weeks ago. Value has been a disaster that was crushing the hedge fund community. Now its on the mend. Now they are feeling more bullish about other stocks they own. I conferred about buying more of the Snack Food Company. What does a Snack Food Company have to do with valiant, a drug company . Well, both have a major shareholder in the Hedge Fund Manager who just doubled down on valiant. Lots of Money Managers have been shooting against ackman betting he would be crushed by the stock. So of course they were leaning on him for the same reason. Now that valiants flying, theres no reason to short it. I think it the roar higher. Looks like watch me, listen to me there will be two or three upgrades in the next couple days. N i know how the game is played. How about when other highly visible Growth Stocks stop going down . Have you noticed whole foods making a determined stand at 30 . Is it the buyback or has the stock gotten to cheap . I have been thinking the same thing about coach. It seems to have broken its fall. Does the cold snap give the short sellers leaning on under armour a towel snap in the butt . Later tonight i explain how one of the most important potential leaders in the market, the Semiconductor Stocks, seem to have gotten their groove back. Skechers, one of the highest flyers also seems to be on the mend. We will speak to them, too. Of course the era of good feelings just started today. It has not yet been extended to the biotechs although tonight we look at a few of their charts. It certainly hasnt included the mining and machinery companies. Cummings just got downgraded to sell this very morning at Merrill Lynch and fell almost 8. Boy, talk about an analyst that didnt get the memo. The oil and gas limited partnerships in pipe lines are still in free fall. If they somehow stabilize anything can go higher. Bottom line is simple. Right now, the onus is on the analysts to have something good to say. Maybe tomorrow its about good holiday presence. Maybes like call of duty black ops 3. Scary looking. How about the ipad pro . From apple . Which has caused me to stop talking to my wife entirely while i binge on netflix. Dont worry. She doesnt watch the show. Maybe now that decembers here we should accept that santa claus does exist on wall street and he doesnt say ho, ho, ho. He says buy buy buy antonio in california. Caller hey, jim, booyah from sunny san diego. Lucky man. Im playing everybody against the chargers this weekend. This is it. Do or die. Win or go home. Go ahead. Caller i know. Hey, listen, i bought some costco shares a year ago, little over a year ago when i started watching your show. I was wondering if its time to take some profits off costco and use that cash to start a position in nordstrom which seems to be staking a comeback after that disappointing quarter. I understand the like for nordstrom. Its a fun place to shop. Were not going to just trade that stuff. This is our 11th year of the show. We own costco for the trust. Its been right to own. Dont trade it. Thats somebody elses gig. Were playing a new game. Happy December Santa claus exists on wall street. We hear what he has to say tonight. Skechers has been struggling lately. I head to the showroom to see if its time to add the stock to the wish list and ditch my wingtips. Then shake shack, red robin are a whole lot of cooks in the kitchen. Should you join in on the burger war . The biotech sectors have been in the dog house lately. Maybe they have been punished too much. I suggest you stick with cramer dont miss a ssecond of mad money. Follow jim cramer on twitter. Have a question . Tweet cramer, madtweets. Give us a call at 1800743cnbc. Miss something . Head to madmoney. Cnbc. Com. The lexus december to remember sales event is here. Lease the 2015 gs350 with complimentary Navigation System for these terms. See your lexus dealer. At ally bank no branches equals great rates. Its a fact. Kind of like ordering wine equals pretending to know wine. Pinot noir, which means peanut of the night. Can the stock of skechers, the once redhot Footwear Company that missed earnings estimates five weeks ago causing the stock to lose 30 of its value in a single second, start roaring higher again . When we check in with the cfo David Weinberg right after the quarter he stood by his long held business is good and will stay good manttra, indicating the company was on track for continued growth going forward, suggested skechers could double its revenue over the next five years. To be fair, a lot of the problems of the last quarter were onetime issues although some of it had to do with yes, the super freaking strong dollar. That aint going away any time soon. Skechers has a long track record of terrific execution and these guys are very competitive which makes me think they will do everything in their power to avoid having to report a second disappointing quarter in a row. After plunging down to 25 a couple weeks ago the stock appears to be bottoming and rebounding, trading up to 31 as of today. Just a reminder, the stock is up 71 for the year. So now that we have been through black friday and cybermonday with the holiday selling season fully upon us, why dont we check in with robert greenberg, chairman and ceo of skechers and David Weinberg, the cfo. I had a chance to sit down with them at their midtown manhattan showroom earlier today. Gentlemen, we are now through black friday, we are smack in the holiday season. Robert, how are we doing . Wonderful. Wonderful. Got a lot of stores all over the planet. Coughed up double digits for the week plus. That to me is the snapshot of the whole brand is how our stores do, because they are Skechers Stores and when they do well, the brand does well everywhere. Okay. David, you told me last time we spoke that there was a speed bump and you said yourself look, not everything can work out in a straight line. Are you happy with the progress since we spoke . Absolutely. October started off slow as we had spoken about. It came through. So but november is so strong now and we actually had a very, very good month. Our comps are mid to high Single Digits for the month, we had good sellouts, we had a great singles day in china which was more than double last year. So everything is moving along and pretty much on target. If december holds up well have a very good month considering the way retail is in the united states. People were concerned about the 32 down to 12 domestic. Something that periodically happens in retail. Yeah. I think we shipped well in the Second Quarter. Things slowed down and there was an ending inventory in september. We had a very good july, very good august. September slowed down a bit. It was more macro than anything else. Fourth quarter, obviously will hold up well. International is not a big contributor so we are really looking forward to the First Quarter when we get the benefit of the whole international business. Now we have the biggest entertainment event of our lives which is the new star wars. You are ready to capitalize it . We happen to be the shoe licensee for that, fortunately. Will we see it in every store, the rollout . How does it work . Well, its actually the first character license we have ever had. We actually are in both markets. We sell it unbranded with no skechers on it in the mass market and for our customers, its skechers star wars and i just saw the selling for the week, last weekend, and it took off. It really is what people want. Its really taken off. I only hope that it lasts all through next year. That would be just wonderful. Sometimes you are a hostage to Department Stores. Your own stores were just on fire. Department stores, you said they had some clearance issues. Are we through that . When i look at the Department Store numbers and the mall company numbers, theyre still not what we would have liked. Yeah. I dont know that they are all through it. Certainly i would believe they are in a better situation than they were going into september. But it could take them awhile to clean out. Like we said, its always to our benefit. When its clean, we will take more shelf space. Lets talk about the real growth story. Its very easy to get caught up and i know people do in this week and that week and this month and that month. Im thinking about how chinas going to be a billion dollar market for you. I know that people, when starbucks said it would be big, people said theyre a u. S. Company, im not going to buy that. Same thing with nike. China has the ability to be the second largest market, maybe one day the largest market for you. Absolutely. Starbucks is in 95 cities in china already. They got almost 2,000 stores. They are opening 900 more stores in china next year. Can you imagine how many people in china have money to spend that kind of money for coffee . Theyre not even coffee drinkers to begin with. I think its a miracle. Our business in china, our association with a wonderful joint venture that we have, weve got one deal with one group alone thats going to open up 1,000 stores in five years. Thats one of three groups that are opening stores. At the same time, i know some people would say listen, why dont they offer dividends. Theyve got so much cash, why dont they buy back. Im looking for a longterm growth story. There are companies that buy back stock and thats terrific because they dont have anyplace to invest or they dont have any new ideas. If you have new ideas and places to invest, i want to see growth. We are all about growth. We would rather grow first. We never want to be capital constrained. We will worry about how to do that or return to investors somewhere down the road. We think the best gift we can give investors for christmas is continued long term growth. You had said you would work through longterm distribution. 2016 not going to be an issue . Shouldnt be. Depends how big we grow. We can outgrow anything. We will have the third piece of the building, we will be at 750,000 square feet. We will make up some of the inefficiencies. By april we will be a million square feet in belgium, as efficient as we can be. I hope we outgrow it sooner rather than later. When you say hot, a lot of people dont get this doesnt mean they are flying off the shelves. It also means you actually have an average selling price that goes higher. Highly unusual for anyone in retail. I dont think thats unusual in the sense we are basically an Athletic Shoe company. If you see the prices of adidas and nike and new balance and asix out there, we had so much room to raise our prices. They are at 120 and we are at 60 and 70. Good point. Theres so much growth there, we have just been taking it up slowly. Its a comfortable way to grow it because i dont want to upset the apple cart, so to speak. But there is so much room to get bigger. Thats important because all we hear once again, its promotional, promotional, promotional. That means youre selling at a much lower price. Thats not what youre doing. Not at all. We are a Marketing Company in the footwear business. We do unseen, untold, unsold. We make a lot of noise. Whats new, that your designers i know were at this beautiful showroom. The designers are coming up with things for 2016 we havent thought about. Theyre always coming up with something. The thing is its a question we get often but its difficult to talk to. Thats why you take a walk around with robert and you can see whats going on because we have 19 or 20 divisions now and they all have something going on. They all have something to develop. They are all growing. They grow at different rates and different parts around the world but we have something for everyone and something in each room. Its constantly growing. We also are the only company in the shoe business thats both an Athletic Shoe company and a shoe company. Do you think that this notion of short term for wall street versus viewers who watch my show, im trying to get people to understand we should not be thinking quarter to quarter. But you are business people. The quarter does matter. How do you look through it . How can our viewers look through it for the greater good . I think its just like anything else. You have to look for the opportunity and everything is pricesensitive. You look to see who is hot in the marketplace, who could be replacing you, what strength you have overseas. Nothing is ever a straight line. I think we have as much runway as any company in our industry. Around the world. And we have already invested in the infrastructure. We are leverage everywhere in the world as our time comes. If you have a short term head wind with currency or macro pictures, so long as we continue to build a business we will reap our rewards going forward. For the same point i would be remiss not to point out your award by footwear news, not given very easily, Lifetime Achievement for someone who is not thinking about the next three weeks, but is thinking about the next 30 years. Yeah. Everybody tells me that its a great award that i got, like the whacked Academy Award in the shoe business which is sweet. Im number four which