Cramer's 'Mad Money' Recap: Bonds and the Big Banks

The thing to remember is that when bond prices go down, bond yields, or profits, go up, he said. Therefore, if the yields, continue to rise next week, Cramer believes that stocks will falter.

However, if bond prices go up -- if the 10-year Treasury trades at $96 or $97, from $95 -- "you're going to want to buy every stock I mentioned," he said.

Soda Ash Friday

"It always pays to be patient," Cramer told viewers. Earlier this week Cramer said he heard about FMC (FMC Quote), when chemical analyst Frank Mitch was talking up the stock on CNBC's "Street Signs."

Mitch, he said, talked about the possibility that the Chinese might get rid of the tax rebate they give to their soda ash exporters. This could mean great news for FMC because it means less competition, Cramer explained.

After Mitch made his statement, FMC spiked to about $86 on the rumor and the recommendation. "You never want to buy the spike," he said. "You have to exercise patience, which is why I waited till today to recommend it." But now is the right time to take advantage of FMC's pullback and buy the stock, Cramer said.

Among the uses of soda ash are making glass, water softener for laundry, developing and making film and cleaning swimming pools. "It's all over the place," and better yet, soda ash is in tight supply, Cramer said.

FMC has a big advantage over most Chinese soda ash producers because the Chinese use a much more expensive synthetic process to make theirs, he said. Moreover, the company is part of cartel, which means it has tight control over the pricing of its product.

Apart from FMC's chemical division, which should benefit from recent Chinese trade policy changes, the company's most profitable segment is its agricultural chemicals -- "an incredibly strong business" -- Cramer said.