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Cramer's TheStreet.com TV Recap: Year-End Buying

TheStreet.com Staff

"As soon as you cut price for anything in this market, the consumer is ready -- whether it be homes, whether it be hard goods," Cramer said.

He said Circuit City is losing a lot of money on TVs in comparison to Best Buy, and stressed that you should be buying Best Buy.

When it comes to the market in general, Cramer said the market has reversed even though oil is up. This is, again, due to year-end buying, according to Cramer.

"I think whoever was selling on Monday finished," Cramer said. "Do not forget how little stock there is around. So when the futures trade up, they are able to move absolutely everything."

Futures did trade up, Cramer added. He said he believes you should also look at oils because a lot of mutual fund companies are in those. He predicted Exxon(XOM Quote) will be bid back up.

Cramer said he would even buy Apple(AAPL Quote) at $86 and Oracle(ORCL Quote).

Cramer advised you should let FedEx(FDX Quote) come down and then buy that. Why is he so bullish on all of these broken situations, other than Circuit City?

"Everyone needs a bargain to get in because then they feel like they've missed it. They don't want to show that they don't have enough equity in an unbelievable Dow year," Cramer said. So take advantage of that situation and do some buying, he recommended.

In other market news:

Cramer said he found it really interesting that some of the companies that reported earnings this week said the weak dollar had helped them in terms of the translation. He predicted this will be a common theme, and cited it as the reason he believes Altria(MO Quote), a stock he owns for his charitable trust, Action Alerts PLUS; Colgate(CL Quote); and Procter Gamble (PG Quote) are all too low.

Cramer cited Toyota Motor(TM Quote), New York Stock Exchange(NYX Quote) and Goldman Sachs(GS Quote) -- all of which he own for his charitable trust, Action Alerts PLUS -- as names to focus on. He credited Goldman Sachs as a stock that can ramp as the window is still open to sell but the buyback can ramp. He said the company reported a great quarter and its stock is much cheaper than others.

He said the New York Stock Exchange's merger with Euronext is going to be hugely positive, despite the fact that it lacks sponsorship.

Cramer warned against buying any Ford(F Quote) upgrades, attributing the company's need to do more banking to CEO Alan Mulally.

Between now and Friday, Cramer said he is looking at Sotheby's(BID Quote), as it seems cheap; Bank of America(BAC Quote), because of its recent good report; and especially Valassis Communications' (VCI Quote) merger with Advo(AD Quote). Cramer said this merger looks like it was done at the right price.