Cramer's TheStreet.com TV Recap: Fed Up With FedEx

He said he likes Union Pacific (UNP Quote) as the best play for the rails, by far. While Cramer had liked CSX (CSX Quote) more before, he said Union Pacific has much more West Coast business.

He believes Yellow Roadway (YRCW Quote) should be "avoided at all costs" and said it's better to be in a rail stock than a trucking stock.

Task asked that with the downward revision of third-quarter GDP today, copper is below $3, and the housing market is weakened are signs that the economy is getting softer.

Cramer responded that this is not the case and people need to understand how inventory reductions occur. Taking Toll Brothers (TOL Quote) as an example, he said this company didn't believe there was a decline in housing until of the third quarter of 2005, so it continued building houses "aggressively" in the fourth quarter of '05 and the first quarter of '06

In the second quarter, Toll Brothers realized that it had too many homes, Cramer explained. Meanwhile copper was high and Toll Brothers was a "gigantic hoarder" of copper like all other homebuilders were, because they thought it was going to keep going higher, he said.

At the time, not only was inventory cost much higher because of raised short-term rates, but homebuilders were "sitting on piles of copper." Now, China is providing almost all the demand for copper, which is not enough to sustain it. Moreover, it's down to a level that won't entice new buyers because they're not building, Cramer said.