Cramer's 'Mad Money' Recap: Get Ready for the Bears

As for Research In Motion, Cramer said there are a lot of people betting against this stock, too. Although he likes RIMM very much, Cramer said he believes the short-selling raid could put a lid on the stock.

Goldman Sachs, Best Buy and Research In Motion should all get hit by the shorts, "who will try to jam them down," Cramer said.

Therefore, if market players are unable to take the short-seller raiding, they should think of selling these on Monday before they are beaten down. Then once the beat down happens, and only then, should people consider buying the stocks back.

Holding the Fed Accountable

"You know I am no fan of the Federal Reserve these days," Cramer told viewers. He said the Fed has become totally unaccountable, but unfortunately investors are stuck in an era in which only a few people are willing to tell the truth about an institution that is not doing its job.

He welcomed one of these few people to the show: Congressman and GOP presidential candidate Ron Paul of Texas.

Monetary issues, Paul said, are what drove him to get involved in the government in the first place. He explained his passionate interest in the Fed's recent steps to deal with the credit crisis. He said he finds it amazing that whenever he visits a college campus and talks against the Fed, he is greeted with applause.