To close down 255 points, the nasdaq inching down just 0. 39 . First lets get the negative going on. Whats really ailing the market is that all stocks trade together off of news that shouldnt produce such an homogenized output. The negative goes like this something is ailing the europe banks. So are European Banks stocks ranked to go down . Why not . Theyre acting hideously. It could be because they have more oil loans than we dont know about, or maybe just theyre going down because theyre going down, the industry is collectively lying to us. They have all the huge exposure to European Banks. In other words, people are worried that theres systemic risk, that havent yet happened again, and for the report might not happen at all again, but we have tore scared out of our wits, because thats what we did in 2011 and decided to sell everything, because the market went count 19 . There, thats the scenario. Plus oil is going down. We have Oil Executives chattering about how well have to put crude in swimming pools, because theres so little Storage Space left. I thought it was a funny comment. But the oil futures guy realize its dangerous to own oil. The market bounced somewhat when reports i could have said lies but that there might be an emergency opec meeting. Thats after crude fell. Its lowest level since 2003. The rumor was certainly right on time. Call me cynical. Maybe the stock market is right and oil is going higher, but every rumor about production cutting has been wrong, so lets presume this one is, too. Lets presume that oil could repeat the scenario, when it plummet fred almost exactly where it is now down to ten bucks in a very short period of time, january to march, thats right, 26 to 10 in less than three months. That would cause a lot of pain among banks. That makes sense, there is a lot of exposure. Im not sugarcoating that, but lets stand everything on its head. Lets leave crazytown. Were going to walk over to noncrazy town. We arent s p 500 futures traders here. Were not trying to catch these intraday moves. Were not big hedge funds that are nimble, doing algorithms. Were trying to buy stocks of because we didnt think this would be a marketwide sale. Last night i said if the stock of disney were to go back to the low of 86, down from 122, you should buy some. Things change, except its more positive, more people go to the parks when gasoline is cheaper. If you followed that and bought disney, well youre already um four bucks, but thats not what were in it for. We want you to hold it for maybe months, maybe years. How about Procter Gamble . The darn thing just wont sell off. Easily 1. 6 , a 3. 3 yield from a company that has a huge energy bill. Suddenly they come up and you get a chance to buy into weakness. Thank you deutsche bank, socgen, thank you jpmorgan. You cant afford to not buy pg at these levels. Added bonus you know that super freaking strong dollar im always talking about. The Exchange Rate from the dollar and euro has come back down to where it was a year ago. The super freakin strong dollar aint super freakin anymore, thats monster good for procter. How about cisco . When cisco reported much better than expected quarter last night and boosted the different to the point where it gave you a 2. 45 yield, the to be immediately rallied. All i can say is Chuck Roberts did a good job, but i want to thank the german banks, french and italian banks for giving a price to cisco that was positively insane. Sometimes the market truly angers me. No matter how they tell you theyre in huge trouble and big derivatives, the book of this and that, and theyre going to fail, this darn mcdonalds stock wont come in. I mean, what the heck is that about . You get a stock that yields 3 and a hue beneficiary of a strong euro, plunging raw costs, and the darn thing wont sell off. I thought the declines would cause the s p 500 to go down mcdonalds, nah, i guess well have to rumor more german banks doing badly. It gives you a chance how about this j j . I keep thinking the president ial even len or the europe yang bank will collapse this company, but its not happens. They have an amazing Balance Sheet, and accelerating Revenue Growth into one of these says you need to be ready if or when that happens. Maybe in janet yellen really things, well get to buy j j am i being too glib here . No. You see in 2011 which whole countries were indeed blowing up in remember, remembering the piigs . And all hell was breaking loose . These banks should have gone belly you have, but they regulate differently over there. They like, you know, give them a wink and nod, the authorities look the other way, they let the poorly run totally lacking banks stay in business. Now that these countries are all sol vent and the European Bank is run by a smart guy, you think they dont have a plan to recapitalize every bank in trouble . They have genuine crony capitalism. They did it before when the banks were technically some way that doesnt bring down the house. Honestly. I have no why the. I do know that the situation is ceding opportunities for those willing to own individual stocks rather than flit in and out of the futures, which will be hit every time theres a rumor of a bank failure or oil goes down or some Federal Reserve officials says something crazy and all three of those will happen repeatedly. Thats the kind of year its shaping up to be. If youre a futures trader, then you have a lot more pain ahead. Thats just the game. You didnt get any checks off the checklist today, but if you buy the individual stock, i mentioned better prices and you own them for more than 45 minutes . I think you come out a winner. John in new york, please. Caller jim, bad day for the European Banks. Recently you recommended key bank. Its proposed a merger with western new york banks, today paper quotes Governor Cuomo has pool tick of the acquisition. Governor claims negative impact with merger and threatening that legal act, are we going to socialism . I was surprised at that. We have banks so big you would think they would let beth mooney take over this bank and make it so it works. I dont like the financials now, i think that key represents real i was shocked at that. I didnt see it coming. I still believe in key, but i am not pushing any of the financials on the show. I do think they have a place in the portfolio. And what happened at key was wrong. Lets go to mark in pennsylvania, please. Hey, jim, i was wondering what you thought about nvcr, novacure. They have new cancer treatments. The stock is going. Its down 50 , its a total spec, if you understand that, then youre find. This market is not kind to speculators, if you have that understanding and you want to go mike in new jersey . Mike . Caller jim. Mike, whats happening . Caller not too much. Hey, i know this stock is not about five to ten years to wait. Nokia with the intellectual property and recent acquisition of lucent. I like it. What do you think for the next three to five years. Can they turn it around . Maybe, but why not own cisco . Its got a 4 yield, great Balance Sheet, Chuck Robbins is doing a terrific job. I say no to nokia and yes to cisco, the csco kind. Take your pick. In a market like this, you can be scared or paralyzed. Maybe you can be smart. Smart investors know that patients can actually be wait for your pitch. Its where is the beef . Im sitting down with the companys top executives, or where is the bean burger . Which i like. Janet yellen, ill tell you why she didnt do it right. Did panera cook up a comeback . Founder to find out if the restaurant has the ingredients to rise against. Pnra. Stick with cramer. Dont miss a second of mad money. Follow jimcramer on twitter. Have a question, tweet madtweets. Send jim an email to madmoney cnbc. Com, or give us a call at 1800743cnbc. Miss something in help to madmoney. Cnbc. Com. Fortifying the gravitydefying. Adventurecollecting. Friendconnector. Fortifying the goingplaces. Offtotheraces. Dayseizing. You. Youre strong. And were here to help you stay that way. Multigrain flakes with quinoa, apples, almonds and raspberries. New special k nourish. Fortify. I take prilosec otc each morning for my frequent heartburnzbecause you cant beat zero heartburn ahhh the sweet taste of victory prilosec otc. One pill each morning. 24 hours. Zero heartburn. Janet . Cough if you can hear me. Dont even think about it. I took mucinex dm for my phlegmy cough. Yeah. But what about mike . It works on his cough too. Cough it works on his cough too. Mucinex dm relieves wet and dry coughs for 12 hours. Lets end this. Take one of those pillows and take a big smell. What if we told you we washed these sheets 7 days ago. Really . No way downy . Downy fabric conditioner give us a week, and well change your bed forever. Want more freshness . Add new downy fresh protect. Theres moving. And theres moving with move free ultra. It has tripleaction support for your joints, cartilage and bones. And unlike the big osteobi flex pills, its all in one tiny pill. Move free ultra. Get your move on. I take pictures of sunrises, but with my back pain i couldnt sleep and get up in time. Then i found aleve pm. Aleve pm is the only one to combine a safe sleep aid plus the 12 hour pain relieving strength of aleve. Im back. Slammed every time oil goes down thanks to the crazytown linkage between the futures and the price of crude, but centers the lower prices should be a boon to all sorts of companies. That brings me to wendys. The fastfoot change with 6500 location, with a stock currently trading at just above the 52week low. Yesterday morning they if reported a good quarter, including a onesent earnings beat, 4. 9r 8 increase in samestore sales. Thats the best number in decades, plus a solid outlook, and indicated the first few weeks of the next quarter are looking terrific, and a new addition that even my vegetarian kids would love. Is this simply another example of this panicked stock market throwing the baby out with the bath water . Lets deal with the outgoing ceo and successor to find out where welcome to mad money. Thank you. This is taking a bow here. You delivered an amazing return, yet ear starting with deliciously different now, what are the expectations for that program . Well, jim. This is a great opportunity for us to tell the consumer what separates us from everybody else out there, and weve got about food since 196 and deliciously different will really drive home those differences and talk not just about the hamburgers, but great items like our black bean burger that you had the opportunity to taste. Let me ask todd about that. This is a burger, yes, indeed, i struggle sometimes do go with meal kids. Why . Because they want a veggie burger. This is not an easy think to make . Can it go national . It definitely can go national. The consumer with some options within the restaurant, but really in the spirit of quality is our recipe, this is offering that can ladder up to that quality message. We feel very good in the test restaurants, how its performing today. Today it would be the irsats, no, its real, and tastes better to me than a hamburger. I do want to talk about the gasoline notion. You have customers, not all wealthy, right . This must be good for them. They must maybe step up to wendys from another place or maybe an extra fry, an extra chili . No, absolutely. You know, it wasnt that long ago that gas was regular gas, 3. 94 at peak, and now its more like 3 excuse me 1. 70. This has put a lot of money in pockets of individuals with lower households incomes who are very heavy users of quickserve restaurants. We they its been an important factor in putting together theres a perception among something that all wendys has always prided itself on being fresh, recent flitting in this market . Absolutely. Its spot on with the trends, jim. Fresh, never frozen, north american beef. Its who we have always been. We have the vegetables cut fresh every day in that restaurant. Were spinning our lettuce fresh every single day and preparing it how and when you want it. Weve been doing that for 46 years. You are from a franchise background. You know how important the franchisees are. Whats the relationship . The relationship is as good as its ever been. Weve done a nice job connecting and partnering with a Franchise Community to make sure we are all in this together in the spirit of bug one team united. My father was a franchisee, so ive had a long connection to make sure that the economic model works for our Franchise Community, and well continue to plans to bring that all to light. Youve been buying back a huge amount of stock. A good use of capital . Absolutely. We bought back almost 100 million shares, and we believe its a great way to return value to our shareholders, and were going to continue to do that with excess cash, as well as continue to grow our dividends at the same pace of net income growth. We think were a stock that can provide growth as well as and food safety costs a lot of money, and its obviously from the news weve had. Can fastfood restaurants afford higher jim, thats why weve made a conscious investment in technology. Labs on the outskirts of ohio state university, and were spending a lot of money to really work on consumerfacing technology kiosks, mobile ordering, mobile payment. We want to put the hands of the operations into the consumer. They want to control their own destiny. That will allow us to free up other labor costs to do other things, to invest back in the food, to invest back into the service model. Okay. Last question. Emil, the younger people might be naturally interested in a bean burger are people who watch media, they watch social media. Sure. What are you doing to get in tough touch with the natural market, what the younger people want. We use very much a 360degree approach to our media efforts for all our products. With a product like this, youll see a very significant push against social and digital weve even used this on a local level and really have connected with consumers on it. Theres a lot of consumers groups called a flexitarian. They go meatless for a day or two every week. Im a flexitarian. Thats a growing, Significant Group of people. This is not just targeted at the group as well. Youve done a good job. Margins, just terrific samestore sales, and emil is the outgoing ceo, and im a flexitarian. Mad money is back after the break. Coming up, the Great Outdoors . High performance apparel giant Columbia Sportswear supplies the gear. But with this roller coaster winter climate, is it time to bundle up with the stock . Cramer is on the trail with the ceo, fresh off of earnings, just ahead. cell phone rings where are you . Well the squirrels are back in the attic. Mom . Your dad wont call an exterminator. Can i call you back, mom . He says its personal this time. If youre a mom, you call at the worst time. Its what you do. If you want to save fifteen percent or more on car insurance, you switch to geico. Its what you do. Where are you . Its very loud there. Are you taking a zumba class . 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Boy, i hate this kind of situation, but fed chief janet yellen rather than embracing the notion of the United States is perhaps the Growth Engine that out of its obvious slump, has chosen the higher, and perhaps into a recession if necessary just because we added more jobs than we thought. Typically you would expect the fed to tightening given the strong job growth, but the United States no longer exists in a vacuum. We have to understand that our Interest Rates are dramatically higher than much of the developed world, where theres an actual bond shortage given the horrid rend out rates of growth. Deflation, i feel like this could be a savior moment for yellen, because she has a chance to save not just america, but the entire world. She could say in front of congress lets not talk about higher rates until the Global Economy is in a less precarious position, lets speak of inflationary or deflationary extremes. Simple comments, but instead the narrowminded. I waffle between being angry at the fed coming out and saying some tough stuff and wanting to shake the members into reality in the real economy. Im mindful of ben bernanke who did so much good, singled me out in the courage to act when i did my rant in the summer of 2007 about how they knew nothing and they had to take action before a lot of firms went belly up, and the, and i was, it kind of hurt my feelings, but im a big boy. Im all right. So let me puts it in a more statesman like manner. Those texts were written before amazon and walmart laid waste to higherpaying retail jobs, before of digitization and offshoring that behalf the way of our country. They were written before nafta, they were written before the shared economy made it so people have to scrape by on multiple shifts. Lastly the new state and local the minimum wages being moving up wages, not a tight labor market. Theres such a glut. Millions of people would work for less than they do if it werent for the minimum wages. However, if Jan Janet Yellen stays on message, we only have a choice that the hope that somehow the aerospace, housing and auto cycles do top out to throw some people out of work. We wont get anywhere with her noticing where the credit default swaps are, or how the bubble burt in oil will cause tremendous credit contractions or how china is probably contracting for a good part of the industrial economy. These things jobs increasing and radical decline in credit arent supposed to be happening at the same time. Thats what the texts said. They are, though, that givers he a