Cramer's 'Mad Money Lightning Round': Penney's Got It on the Dollar

To see the full "Mad Money" Recap, please click here.

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Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Tuesday evening:

Arch Chemicals(ARJ Quote): "Between PPG(PPG Quote) and Georgia Gulf(GGC Quote), let alone the downgrade in Dow Chemical(DOW Quote) today, I am in total don't touch mode."

Haverty Furniture(HVT Quote): "The furniture game's a bad game, my friend. ... You go to Best Buy(BBY Quote)."

Nordic American Tanker(NAT Quote): "They are about how many boats are coming online. There are many, many ships being built, which is why I continue to say SellSellSell."

Sirius Satellite Radio(SIRI Quote): "I can't believe this stock is back under 4 bucks. ... Sirius is the buy in the group. ... I'm not backing away just because the stock is bad, that's what sissies do."

Vasco Data Security(VDSI Quote): Cramer prefers Flir Systems(FLIR Quote), Nice Systems(NICE Quote) and L-1 Identity Solutions(ID Quote) to Vasco.

Nasdaq Stock Market(NDAQ Quote): "I have nothing against NDAQ; it's just that that's the wrong horse." Cramer prefers the NYSE Group(NYX Quote). "John Thain [NYSE CEO] -- an unlikely figure to say this about -- rocks."

American Capital Strategies (ACAS Quote): "This is a good company with a 7% yield. I like the ACAS strategy. ... come on my show, we'll rebut the shorts together," Cramer offered to the CEO.

Tyco(TYC Quote): "Maybe it goes to 32, 33. ... There are so many explosive stocks out there" ... like MasterCard(MA Quote), NYSE and Google(GOOG Quote). "Why do I need to get caught up in Tyco, Rudy McFaddy?"