Cramer's 'Mad Money' Recap: Ride the Financials

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Investors should stick with the financials when the markets open next week, Jim Cramer told viewers of his "Mad Money" TV show Friday.

"So far we've been following the 1990 playbook," he said, and it's now telling investors that the financials have bottomed and are the stocks people will want to buy.

In 1990, the Fed got engaged and the Arabs came to the rescue, and the same is playing out now. Cramer said he would normally tell people to cash in their gains, but he says they should let their financial stocks ride for now.

Cramer said the financials "kept going and going like the Energizer bunny" in the 1990s, and he expects the same to happen now. Most people haven't gotten a chance to get into the financials, he said, adding that this means the stocks should go much higher.

Cramer advised viewers to continue to buy Wachovia (WB Quote), Bank of America (BAC Quote) and Citigroup (C Quote), the latter of which he owns for his charitable trust, Action Alerts PLUS.

He even said he's OK with people buying preferred shares of Countrywide (CFC Quote).

In addition, Annaly Capital Management(NLY Quote) should get "a lot more attractive" as the Fed cuts short-term rates, Cramer said.

Add Sprint CEO to the Wall of Shame

Cramer's "Wall of Shame" lost one of its members when Ed Zander, the CEO of Motorola (MOT Quote), decided to resign Friday.

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