'RealMoney' Radio Recap: A Little Patience, Please

"The schedule is unfolding just as it should ... the market has come down, and taken down both good and bad, and that's excellent," Jim Cramer told listeners of his "RealMoney" radio show Monday.

Cramer said that there'd be no repeat of 2005, when the Dow did nothing, because the Federal Reserve will stop raising interest rates and that oil, eventually, would retreat.

"As always, the problem is the out-of-control nature of how things feel," said Cramer. "Not how they are, but how they feel."

So despite last week's losses, Cramer said that now is still the time to buy. But he warned that finding the buys may take more patience and render fewer instant rewards than what investors are used to.

He said that the brokers are in excellent shape, including Goldman Sachs(GS Quote), Lehman Brothers(LEH Quote) and Bear Stearns(BSC Quote).

Gold stocks still look good to Cramer, too, including Goldcorp(GG Quote), which he called the cheapest North American producer, and Anglo American(AAUK Quote), which he owns for his charitable trust Action Alerts PLUS.

Cramer still likes oil services companies, saying that as the prices come down it's an opportunity to strike.

And he likes tech companies that are involved with consumer gadgets, including Apple(AAPL Quote), Broadcom(BRCM Quote) and Marvell Technology(MRVL Quote).

But Cramer said that the banks, including Citigroup(C Quote) and Bank of America(BAC Quote), had terrible quarters and that banks won't be able to hack it without relief from the Fed.

Cramer also said that now that every broker has looked with kind eyes upon Google(GOOG Quote), he thinks it's "a little tapped out" and he doesn't want to be there.

Though Ford(F Quote) did announce a massive restructuring, Cramer said that it will take years to turn the company around, so he doesn't want to be there either.

The Disciplined Trader

Lenny Dykstra, "RealMoney" Radio's "Disciplined Trader" and celebrity investor contributor for TheStreet.com, told Cramer that recent declines in the stock market have given him an opportunity to buy as many quality stocks as he can by using deep in-the-money calls.