Cramer's 'Mad Money' Recap: Dow or Die

Click here for an archive of Cramer's "Mad Money" recaps.

---

Jim Cramer, broadcasting Friday's "Mad Money" TV show from Georgetown University as part of his "Back to School" tour, said five Dow components can make people money: Altria (MO Quote), McDonald's (MCD Quote), Boeing (BA Quote), AIG (AIG Quote) and Hewlett-Packard (HPQ Quote).

Cramer owns Altria, AIG and Hewlett-Packard for his charitable trust, Action Alerts PLUS.

"All we're hearing is that the Dow Jones Industrial Average is near an all-time high," Cramer said to his student audience in Washington D.C.

Even though there are some people who believe it doesn't matter that we're near an all-time high, the "chances for people to make money now are better than they've been in the last six years," he said.

Last time the Dow got this close to its high, we got crushed, Cramer said, adding that the big difference this time at the highs is that people are going out of their way to criticize, not praise, the market.

However, Cramer said he believes that "conventional wisdom is wrong." He stands as a "champion of the current market."

Cramer said that investors should understand that the Dow is an index filled with a bunch of stocks. Some are going higher, but others are going lower and are not worth owning.