Cramer's 'Mad Money' Recap: Hoosier Daddy

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"Booyah, Hoosiers!" Jim Cramer bellowed to the audience for his "Mad Money" TV show Wednesday, which was filmed at Indiana University as part of his "Back to School" tour.

"The bears have gone into hibernation," Cramer said from Assembly Hall, IU's storied basketball arena in Bloomington. "They could have knocked the market down today but they didn't because of one thing: fear."

The bears don't want to miss out on money coming into the market from private-equity firms ... or the multiple rate cuts that are surely coming from the Fed ... or the multiple rallies that should happen as oil falls back below $60 a barrel, Cramer said.

No one wants to sell with all that going for the market, he said. "May the bears stay in hibernation until May so that the bulls can play."

That said, Cramer next welcomed Mark Cuban, the owner of the NBA's Dallas Mavericks and an IU alumnus, who ran onto the floor and hit a short jumper after Cramer fed him with a pass. Cramer asked Cuban if he would consider buying Tribune's (TRB) Chicago Cubs.

"It's too early to tell," Cuban said. "You have to know what you're buying first ... and you don't say you're buying it until it's on sale." If Tribune were to approach Cuban after the baseball season, he said he would consider it.