Cramer's 'Mad Money' Recap: Unassailable in a Selloff

Cramer recommended that people start putting money into one of these names. "They will go lower before they come back up, but I'd start my position as they go down," Cramer said.

Out of them all, Cramer likes Goldman Sachs the most, calling it "the best run I've ever seen it." However, Cramer said he is in favor of people buying any of the five, and he urged market players to pick up one of these stocks as he believes that the management at each of these "top-notch" brokerage houses knows what its doing.

Don't Sell, Don't Sell

History tells market players that they should be ready to buy after a down day in the market -- if not immediately, then soon after, Cramer told his viewers.

The 9/11 selloff looked as if it was the end of the market, and during the crash of 1987, the market fell 508 points, the largest one-day percentage drop in history, Cramer said.

But a few months later, people who had panicked and sold everything wished they had bought something instead.

Today's drop is similar to the crash of 1987, Cramer said. While a Chinese selloff started the selling today, the German market caused it in 1987, he said. And just as the market did not reach a bottom the same day, Cramer believes that we have not seen the end of the selloff here, either.