Cramer's TheStreet.com TV Recap: Tech Warrants a Look

This is a recap of Jim Cramer's market update video on TheStreet.com TV, filmed Wednesday morning.

Jim Cramer discussed technology, the housing market, drugs and oil in his TheStreet.com TV video Wednesday.

"Altera (ALTR Quote) blows up; the stock doesn't even go down," Cramer said on his video, Tech Alive. "I mean, what does that tell you about what's happening here?"

The programmable chipmaker lowered its revenue estimates Tuesday, but the action was not detrimental to the company's stock the next day.

"I believe that the tech trade is still very much alive," Cramer said, "and I decide that it's alive not by how much upside there is but by the limit on the downside."

Cramer also spoke about Oracle (ORCL Quote), whose shares declined Wednesday after Lehman Brothers advised clients to sell the stock. Oracle should not be off as much as it is, said Cramer.

"It makes me think that there's a possibility that with any of these tech stocks that are going down here -- including the software companies -- you have to at least open the books and take a look at them," Cramer said.

On the housing side, Cramer mentioned such sector-related companies as Ingersoll-Rand (IR Quote), Deere (DE Quote) and Caterpillar (CAT Quote), adding that the biggest problem in housing stocks is due to a belief that we are far away from a return to strength in the housing sector.