Cramer's 'Mad Money' Recap: Dividend Dollars

Therefore, he said he wants home-gamers to use this "short-term, rumor-down market" to buy high-quality stocks at a discount.

Cramer advised viewers to get into stocks like Research In Motion (RIMM Quote), Google or AIG (AIG Quote), which he owns for his charitable trust, Action Alerts PLUS, next week on a discount.

Devon Energy (DVN Quote), Johnson & Johnson (JNJ Quote) and Halliburton (HAL Quote) -- the latter two of which he owns for his charitable trust, Action Alerts PLUS -- are all buys too, Cramer said.

"After buying them on the cheap next week, take them in 2007 and enjoy it," he said.

Cramer welcomed Dynegy (DYN Quote) Chairman and CEO Bruce Williamson to the show and asked him to talk about what its deal with LS Power has done for the company.

The deal, Williamson said, adds shareholder value by increasing cash flow and increasing assets under management by more than 70%.

Cramer asked Williamson what the deal will do to the company's exposure to natural gas.

"With LS Power, it is going to to drop our exposure of a dollar move of natural gas down from 10% of EBITDA to a 4% move in EBITDA," Williamson responded. "It stabilizes the platform."

Cramer said he is backing Williamson and called him a "winner."

Lightning Round

Cramer was bullish on Bank of America (BAC Quote), Level 3 Communications (LVLT Quote), ConAgra (CAG Quote), Quest Software (QSFT Quote), ConocoPhillips (COP Quote), Denny's (DENN Quote) and Brinker International (EAT Quote).

Cramer was bearish on CBOT Holdings (BOT Quote), FedEx (FDX Quote), Scottish Power (SPI Quote), Smithfield Foods (SFD Quote), American Oriental Bioengineering (AOB Quote), Yum! Brands (YUM Quote), Winn-Dixie (WINN Quote), Skyworks Solutions (SKWS Quote) and Harrah's (HET Quote).

For more of Cramer's insights during the Lightning Round, click here.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.