That index at 4 p.m. won't indicate much. First, GOOG's earnings report comes out tonight (no position). Second, even though CRM isn't a Nasdaq stock, it's a tech stock and a high flier. Two weeks ago, Cramer announced that high fliers, including CRM, would crash before the market bottomed. Now after the SPX has rallied back to the top of the recent range, there's the expectation that Cramer will endorse buying CRM. He may add some caveats to make sure "his bases are covered" but he won't ask about the real negatives and will likely have either softball questions or questions he knows MB can deal with in a bullish way. MB has guts. He's selling his "cloud" even after ORCL's Larry Ellison announced its plans. MB has even "used" the image of Steve Jobs to share the positive aura. The only thing MB won't addressed is GAAP earnings and the lack thereof. After 10 years in business, CRM still doesn't really make money? How many years can a company be considered a startup?
MB did address the GAAP vs non-GAAP one time...and got very over zealous when answering, as if he was so offended to be doubted. He said people should focus on non-GAAP earnings since it more accurately reflects his business (i.e. "please don't look behind the curtain, just trust me").