Cramer's 'Mad Money' Recap: Finding Market's Eternal Sunshine

Although Cramer stressed that he doesn't want market-players to be in the commodity sector, he said it will be a good thing when they come down because it will cause the Fed to cut.

Cramer told viewers not to hold their breath for all stocks to go down. Companies with big buybacks, which are defensive and have growth which is not dependent on U.S. GDP growth, are the plays that should do well here, he said.

Last spring, the telecom, food and drug stocks did well, Cramer said. "That's where you want to be. That's what's bottoming."

House Rules

"The stock market is far from a casino, but sometimes the metaphor works," Cramer told his viewers.

The investment banks, or "the house," want investors to get back to the table, he said. Therefore, for a short time -- for the next week or two -- the market should tilt the odds toward the customers, or the people who buy stock, and issue initial public offerings (IPOs) at prices below ordinary levels, Cramer said.

"This makes it a great time to make money in IPOs," he said. When everything is "working" in the market, IPO issuers want people to pay more. But now they are offering IPOs at a discount, said Cramer, and investors should take advantage.