Cramer's 'Mad Money' Recap: Buying Time

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Tuesday's big market rally demonstrates why people should stay in the game and take advantage of buying opportunities, Jim Cramer told viewers of his "Mad Money" TV show.

"This rally gives us a week worth of good," he said. "We should be higher than we are now a week from today." However, he said the volatile market will swing back and forth, much like it did in the 1990s.

Cramer said short-term investors can make some money in this "treacherous and horrible" market. But he reminded investors not to buy into hope because the market hasn't bottomed yet.

Today's rally was the result of the market being dramatically oversold, he explained. He also said the market received a big lift from good news from such companies as Corning (GLW Quote), Wal-Mart (WMT Quote) and Goldman Sachs (GS Quote), which he owns for his charitable trust, Action Alerts PLUS.

Cramer said he didn't hear anything today which makes him think the forces that lowered the market before won't come back after the market has recovered a bit. He believes stocks will go higher until the market gets overbought.

For now, Wal-Mart's good numbers means that retail gets to win a bit. Cramer said people know he likes Target (TGT Quote), Kohl's (KSS Quote) and Costco (COST Quote).