Cramer's 'Mad Money' Recap: The Best Bottom-Fishing Bets

Bank on a Financials Bottom

The next bottom is coming in a fortnight, and it's going to be in the financial stocks, but not all the financials, Cramer told viewers.

While the subprime lenders are a problem area, the financials that should work here are the banks and the brokers, he said.

Because a lot of the housing speculators have gotten "blown out of the water," the substandard lenders won't be able to pay out their dividends as they promised, Cramer explained. Therefore, people who belong to the working class won't be able to get the loans they need because the "subprime lenders are busted," he said.

This, in turn, should give the Fed "the biggest excuse to cut interest rates," because the Fed "unlike the Tin Man, has a heart," Cramer said. The two that will win in this environment are the banks and the brokers. And "as the "big money decides to join the smart money, the financials will fly," he said.

Goldman Sachs (GS Quote) and Capital One Financial (COF Quote), both of which Cramer owns for Action Alerts PLUS, do "fabulously" when short-interest rates fall below the long-interest rates, he said.

Cramer also recommended Bank of America (BAC Quote), T. Rowe Price (TROW Quote) and even Citigroup (C Quote).

He believes people should start taking positions in these stocks as they are the ones that should benefit when the next piece of the market bottoms.