Cramer's 'Mad Money' Recap: Betting Against the House

Third, GFI stands to benefit if bankruptcy filings increase prior to the effective date of the new bankruptcy law that will make it harder to wipe out debts in a bankruptcy. Since most of GFI's derivatives are credit derivatives, "more bankruptcies mean more trading in credit derivatives," which means "more money for GFIG," said Cramer.

Finally, GFIG just announced an acquisition that will give it more exposure to energy derivatives. GFI's stock was up a lot today on news of the energy derivative acquisition, said Cramer. But, "I say do a 'mon back* if it comes back down," he said.

After-the-Bell Reverberations

Commenting on news after the close, Cramer said Maytag's (MYG) preannouncement of an earnings shortfall was "really awful" and will also hurt Whirlpool's (WHR) stock tomorrow. \

Tempur-Pedic's (TPX) negative preannouncement that its business is being hurt Hurricane Katrina "raises eyebrows," said Cramer. "You should just sell the stock."

StemCells(STEM), "which had good things to say... about human stem cells" will put President Bush on the "hot seat."

And, finally, of Procter & Gamble(PG), Cramer said, "Amen. A company that did not blame Katrina and said it's still going to be able to do its quarter."

In response to a question about Oneok (OKE), Cramer said, "I'm doing a 'mon back because they just sold $600 million worth of properties after the bell. That stock goes higher."

In response to an email question about Sears Holdings (SHLD), Cramer reiterated he owns the stock (in his charitable trust, ActionAlertsPLUS) for its "multiyear move" because he thinks "if anybody can pull off the merger with Sears and Kmart, it's [controlling shareholder, Eddie] Lampert."

Cramer was bullish on Goldcorp (GG) as a "best of breed" play in gold.

And, finally, Cramer said Bear Stearns "wrecked" the stock of Sirius Satellite Radio (SIRI) for now by saying Sirius "may not make the projections this month" for new subscribers.

'Lightning Round'

Bullish

Cramer was bullish on: TurboChef Technologies (OVEN), Time Warner (TWX), Icici Bank (IBN), Pioneer Natural Resources (PXD), Cisco Systems (CSCO), Tata Motors (TTM), American Science and Engineering (ASEI), L-3 Communications (LLL), Thermo Electron (TMO), Grey Wolf (GW), Cypress Semiconductor (CY), Genesis Microchip (GNSS), IntraLase (ILSE), Ameren (AEE), LSI Logic (LSI), Fortune Brands (FO), Sprint Nextel (S), UGI (UGI) and National-Oilwell Varco (NOV).

Bearish

Cramer was bearish on: Starbucks (SBUX), Great Wolf Resorts (WOLF), Novell (NOVL), Amkor Technology (AMKR), Coeur d'Alene Mines (CDE) and EMC (EMC).

*For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.

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Interested in more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here. It's a series of articles from Cramer on how to become a better investor. The following table lists some of the rules that Cramer dissects.

	1.	Pigs Get Slaughtered		2.	It's OK to Pay the Taxes
	3.	Don't Buy All at Once		4.	Buy Damaged Stocks
	5.	Diversify to Control Risk		6.	Do Your Homework
	7.	Don't Panic		8.	Buy Best-of-Breed
	9.	Defend Some Stocks		10.	Don't Bet on Bad Stocks
	11.	Own Fewer Names		12.	Cash Is for Winners
	13.	No Regrets		14.	Expect Corrections
	15.	Know Bonds		16.	Don't Subsidize Losers
	17.	No Room for Hope		18.	Be Flexible
	19.	Quit When Execs Do		20.	Patience Is a Virtue
	21.	Be a TV Critic		22.	When to Wait 30 Days
	23.	Beware the Hype		24.	Explain Your Picks
	25.	Find the Bull Market
Check back for more of Cramer's Rules

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