Next year, maybe less. If anything it probably will be less because if the economy weakens theyll stop. In other words, instead of the old days when we could expect the rates to go higher the fed is going to be common sense and see if it does any damage to a pretty good okay not great, not bad economy. But obviously not as terrible as when they slash rates down to the old level back in the middle of the well, near the end of the Great Recession. The fed is saying things arent perfect but theyre better than when they knock rates down to next to nothing in order to save the economy. In fact, i think they would be better if they kept these rates that much longer down there the market might think that things are worse than they really are. Something scary might be lurking that only the fed knows. Confidence in the economy. Not a statement of we have to do this because things arent horrendous, sorry. In other words, the economy, lets say it more than deserves to get out of intensive care. Its been there for a long time. Might go to a regular hospital bed for awhile. And then rehab being rate hike spaced overtime with some pain if you get too much gain and out of the hospital entirely. I think its clear that the fed is not going to go on auto pilot like it did in the run up to the Great Recession and the ignorance of the real weakness in the economy. Instead its going to wait and see moving up a quarter of a point, maybe once a quarter. Each of us can sparse the tea leaves differently. I see this as the fed saying we dont really want to be an active part of the economy anymore. For or against it. The way to be less active isnt to leave things alone but to take up rates gradually betting the pace of hiring which is what theyre focused on. Others might say the economy is so weak that anything besides one and done is too aggressive. Weve seen those that need a economy falter of late and they know they wont be helped by this quarter point increase but you could argue nothing would help some of the companies as their issues are external. Mainly strap customers from china or businesses evicerated by the internet. We can look at individual companies again and making judgments about them. Thats a positive and after a little indecision reflected in the averages it allows the fed to take a backseat to actual enterprises and the joyous value that they can create for you. First almost 15 of the companies will earn more now that the fed is raising rates. They now make more money by investing in shortterm safe instruments that return much more on a percentage basis than youll make on your certificates of deposit. They all raised by a quarter of a percent and theyre going to make a ton of money off of that. Real winners here . Well, theres three of them. Wells fargo, jp morgan and bank of america. They have the largest deposit basis across this country. Put together when the federal government had the rules about banking conversation in the financial crisis. Their earnings per share numbers are going higher as of today and therefore most likely their stocks. Another sizable percentage of the stock market is back feeling the pain of Lower Oil Prices though and we know that means theres going to be more stress in the system as more Oil Companies will default with crude all the way back to 35 again. Right now theres a sense that with the republicans and lend the oil exports theyll drill more crude and i dont think thats necessarily right but this oil market has a mind of its own. Have to tell you. Most of the time its irrational. Those that can transsent the gravitational pull of an economy that can be potentially slowed three or four rate hikes all been started. The highest growth stocks, the bio techs, the tech favs, like fang, facebook, amazon netflix and google. That one ruined my acronym by changing it to alphabet. But im being stubborn. You can take rates up 2 . I dont know if it would stop those guys. The insane love affair would get even more torrid. Now theres not much news of it a lot holding back from buying dont need to hold back anymore. This was the green light to take the stocks all the way back to the 52 week highs and then some. I would try to find the most anointed stocks i call them. The ones up the most this time of the year and then deepen the money call options every time they got hit. So i could anticipate with the upside. Do you know why . Because i couldnt take it anymore. After years of watching this behavior occur, they come in and buy them at the end of the year and kicking myself i decided if i couldnt beat them, i would join them. So i did. Theres only a hand full of stocks responsible for the gains and averages here. Any stock up more than 20 is now a candidate for stock market cannonization between here and the end of the year. And then we have special situations that got a big boost because they reported news on a happy day. We heard so Many Companies say they werent doing so well lately that you can imagine the markets surprise when cyclicals like honeywell and ge and large retailer like cvs, twitter is hard hit by the actual slowing economy and said things are good. Fed ex shot the lights out tonight. Thank you free shipper from every retailer that i deal with. Thats cause for celebration. Finally the Companies Just along for the ride. Mainly the consumer package good names. The economy does actually slow from the rate hikes. Why are these okay even though the rates are going higher . The fed told you they arent going to go higher. Its still competitive with bonds while the earnings will continue to grow. I think theyre good for a couple more months. Heres the bottom line. The long awaited, endlessly debated rate hike is here. And then comes word that the economic patient cant stay in the low rates to get better indefinitely. And i dont know about you but am i ever glad thats over with. Dave in illinois. Dave. Professor cramer, thank you for taking my call. I like the way you dodged that whole Chicago Bears situation. Oh, dont talk about that. Jim in light of the Interest Rate normalization begins today i called in a question last february asking if it would be prudent to trim positions ahead of fed rate hikes. You said for you and your viewer the answer is no. Stay the course you said until the fed funds rate reaches 2 . Thats my promise to you. So jim i wanted to revisit that thinking to see if anything might have changed or are we all still on that same page . Well, this is really for yes my thinking is still the same. But when i gave that forecast the economy was growing faster. So lets be sure that we have too much exposure. Those were the stocks that did not do that well today because their businesses werent as strong but thank you for remembering. Yes stay the course and stay the course remains my view. Bill in colorado, bill. Jim, a colorado Rocky Mountain high booyah to ya. Nice, Denver Broncos defense to get me to the semifinals booyah back at you. Thank you, sir. Im a longterm investor and a fairly regular watcher of your show since i retired three years ago after 38 years of federal service. Wow, thank you. And i watch your show when im not down at the river fishing. So i have to use the dvr. But anyhow, my question, jim, is as a longterm investor about a year ago i invested some money in Keurig Green Mountain and its down about 25 since i invested a year ago. With the recent announcement by jab holdings that on december 8th that they were going to buy keurig for 13. 9 billion and take it private as an investor im a little bit confused as to what happens with my stock and should i hold it or sell it since they announced theyre going to take it private. First, bill, congratulations on retirement. Youre leading a great life and second tomorrow morning youre going to sell green mountain. The upside is over. There could still be down side. Youre going to take that cash and well lets say wait until a little bit of dip and buy High Quality Companies with a good yield. Welcome back to a real market now that the fed has promised moves we can finally get back to stocks. I have a warning about high yield you need to hear. Then how worried should you be about chipotle. Im sitting down with the companys top execs to see what steps theyre taking to fix the problems. And im focussing on a company that you could ever want in your stocking and the ceo of take 2 interactive and of course stick with cramer. Dont miss a second of mad money. Follow jimcramer on twitter. Have a question, tweet cramer, mad tweets. Send him an email or give us a call at 1800743cnbc. Miss something . Head to madmoney. Cnbc. Com. I have asthma. One of many pieces in my life. So when my asthma symptoms kept coming back on my longterm control medicine, i talked to my doctor and found a missing piece in my asthma treatment. Oncedaily breo prevents asthma symptoms. Breo is for adults with asthma not well controlled on a longterm asthma control medicine, like an inhaled corticosteroid. For sudden breathing problems. Breo opens up airways to help improve breathing for a full 24 hours. Breo contains a type of medicine that increases the risk of death from asthma problems and may increase the risk of hospitalization in children and adolescents. 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Aleve pm for a better am. beat begins the beat drops again strangelove strange highs and strange lows strange love thats how my love goes strangelove will you give it to me . Gucci guilty are we really supposed to believe that junk bonds are now the cheapest they have been in ages . Are we supposed to accept that conventional wisdom now that the fed raised Interest Rates for the first time in years . Having them knee deep researching the funds that the notion of the whole sector is ludicrous. Theres health care and consumer junk paper connected with those that havent been able to access markets because of the scout market for ipos. In some cases that paper does seem cheap relative to what access the public markets. Theres a lot of debt connected to retailers that went private. Its underpriced if the consumer gets stronger or the job market gets better than it is right now. Theyre all mall based and i have no real conviction in those companies before. Around minerals, mining, steal, iron, coal and oil. So much has to go right for these to revive that i can only imagine a very rough battle against the elements from the moment you buy these goods. In fact the moment these bonds came off the lot i think theyre worth less than you pay for them because you may be the only sucker out there willing to buy the stuff. No market, no bid. Theres massive amounts of coal that trades and coal is finished in this country. 35 of our energy comes from coal plants. I think the estimates are way too high. Tea in china. Speaking of, to buy the bonds is to believe the economy is going to come roaring back sometime soon. I dont see it that way. Its not going to happen. The Chinese Communist party is not encouraging infrastructure the way it used to and the baltic freight index is well under 500 now. Thats a pretty ugly statement itself for those looking to bottom fisher and theb theres oil and gas. Oil got back to 25 today at least for the debt holders. Natural gas took out a 17 year low. I dont see why it cant go even lower though. Theres no place to put the stuff. We flair more of it than we use. It hangs out about 1. 80 now but theres plenty of natural gas in this country that only costs about 1 to bring up. That makes it almost unconceivable. Unfortunately the Balance Sheets for Many Companies cant handle a situation where natural gas is thats where the real stress is. Keep shattering about how junk bonds are cheap. Just like how emerging market debt is before they fell off a cliff. These people that claim its cheap have one thing in common. They have some junk to sell you. Heres the bottom line, be ware of debt merchant establish bearing gifts. Especially when no one wants to show the true prices of this beaten down paper at the end of the year. Dirk in louisiana, dirk. Hi, jim. Im considering Energy Transfer partners with a 14 dividend from my portfolio and id like to hear your position or your opinion on whether the distribution is sustainable. Okay. This is very controversial, he works with me as my Portfolio Manager and Research Director has done more work on this than anybody and he feels confident and to buy it under 30 is going to prove to be good is people know it has to pipe to make it so that you can export oil if thats going to be the national policy. No yield is safe right now. But i do think that etp will be okay. Jacks work must be commended. You have to look at what he has to say. Brad in delaware, brad. Yes, jim, big booyah to you. Booyah back. Just from eagles country if you think caterpillar like the eagles can get up and make some resurgence. You know what, caterpillar is one of those stocks that could actually go higher. My problem is if that goes higher ive got at least 500 other stocks that will do better. Caterpillar is so levered to metals and mining and oil and gas that even though it yields 4. 5 i do not want you in it. Too many other Better Companies to own right now. Junk isnt typically something you associate with quality merchandise and i dont think theres any reason to change out analysis now. Much of the debt out there being called cheap by sharp sales people. Looks hideous to me. Stay away from that market please. Im asking you too. Chipotles coceos own the future of the company. Do not miss this interview. Plus one company is an iconic tech titan. The other changed the whole industry with a revolutionary concept. Which is right for you. But first, is one of the Interactive Games in your stocking this year . I have the ceo just ahead. So stay with cramer. Ste or plain water. And even though their dentures look clean, in reality theyre not. If a denture were to be put under a microscope, we can see all the bacteria that still exists on the denture, and that bacteria multiplies very rapidly. Thats why dentists recommend cleaning with polident everyday. Polidents unique micro clean formula works in just 3 minutes, for a cleaner, fresher, brighter denture every day. Enough pressure in here for ya . Im gonna take mucinex sinusmax. Too late, were about to take off. These dissolve fast. Theyre new liquid gels. And youre coming with me. You realize i have gold status . Mucinex sinusmax liquid gels. Dissolves fast to unleash max strength medicine. Lets end this. Phil oh no. under his breath hey man hey peter. unenthusiastic oh. Ha ha ha joanne . Is that you . Its me. You dont look a day over 70. Am i right . Jingle jingle. If youre peter pan, you stay young forever. Its what you do. If you want to save fifteen percent or more on car insurance, you switch to geico. You make me feel so young. Its what you do. You make me feel so spring has sprung. Lets get these dayquil liquid gels and go. But these liquid gels are new. Mucinex fast max. Its the same difference. This one is max strength and fights mucus. Mucinex fast max. The only cold and flu liquid gel thats maxstrength and fights mucus. How worried should we be about chipotle in the wake of the e. Coli out break and norovirus outbreak. Theyre trying to put out a comprehensive food safety plan. You may have seen these ads in todays papers all across the country about the steps theyre taking and the Company Stock has been hit down 17 over the year. Though its stabilize as of late. We need to dig deeper here which is why im proud to have the founder, chairman and coceo to find out more about what they welcome to mad money. Hi, jim, thank you. Hey, jil, thanks. Good to see you. How did it happen . Well, in the Pacific Northwest we heard of an outbreak of e. Coli so we believe tainted food at one of our ingredients was introduced into the system and it had e. Coli on it. Well, let me ask you because in that particular area you had to chose 43 stores. We now know all of them are open. Are people coming back like they used to . Well, traffic has slowed and we announced this recently. But we are doing everything in our power to ensure that were creating a food Safety System that will put us well ahead of industry standards. We want to show all of our customers that the industry employing before which are considered great standards were not good enough and theyre not good enough because Something Like this could happen. So we have been working with leading epidemiologist and his team to develop systems that he estimates will put us 10 to 15 years ahead of the industry standards. We want to be the safest place to eat, jim. Let me ask you, from public filings, heres something you say. You say we may be at a higher risk for food born illness outbreaks and some competitors due to our fresh use of meats rather than frozen and cooking with traditional methods rather than automation. Is this the price we have to pay for food with integrity. I dont think so at all, jim. We have worked hard and been very innovative. We dont believe theres anything less safe about eating that way. We put that same innovation we have to put that same kind of safety toward that now and we believe those are going to yield the risk profile near zero in our restaurants which were told by our epidemiologists and other experts you can never be sure that the risk is absolutely zero but were doing everything within our pow tore get that risk as near to zero as possible in our restaurants. Thats why were undertaking this very comprehensive work