Cramer's 'Mad Money' Recap: Pooh-Poohing Private Equity

More $80 to $120

While many people were panicking when the market sold off earlier this week, Cramer said that "Cramericans" went to work buying things.

"I'm trying to recall a little nostalgia for that down day," he said, "that spawned maybe one of the greatest rallies I have ever seen, up 284 [on the Dow]."

But not everyone caught the rally, Cramer said.

"This rally only reinforces everything I've been saying all week," he said. "Our strategy is simple. We want to stick with what is working. We want to buy the winners!"

And the winners, he said, are the $80-to-$120 stocks he's been talking about on "Mad Money" this week.

According to Cramer's theory, when a stock goes to $80 in a bull market, there's a good chance it'll go to $100. From there, it's usually smooth sailing to $120. And once a stock hits $100, Cramer said, the only way it goes back down is if it splits.

"Everyone's got an inner value investor, a real curmudgeon that objects to ideas like this one," he said, and there's a good reason for that, because following his $80-to-$120 strategy is the laziest way to approach the market. "But it works!" he added. "And we're gonna keep doing it."