Cramer's 'Mad Money' Recap: Antidotes to a Selloff

Boeing's new planes carry more people and don't use as much fuel. Plus, the global aerospace cycle has nothing to do with the economy, Cramer said.

Boeing had a far better-than-expected quarter and is down. However, the fact that it's down has nothing to do with the company's fundamentals, he said.

Furthermore, Boeing doesn't see an end in sight in demand for its energy-efficient planes, and neither does Cramer. If the market opens up on Monday, he said he wouldn't buy the stock.

But if it opens down, Cramer said he would buy Boeing incrementally, up to 100 shares.

At $100, he believes that Lockheed stock has the potential to bust through the rubble and hit $120, he continued. As the U.S. fights a war in Iraq, the defense budget is "huge," and Lockheed works, Cramer said. Plus, the company has good international exposure and is a "buyback king."

'Tis the Season

Tech has seasonal strength and is more immune to subprime than any group he follows, Cramer said, other than food and drugs.

Tech does not need to borrow money, he said. The only reason it was down Thursday and today is because the market was in "a pure panic mode." He said that tech is one of few sectors money will be pouring into, as people migrate out of the financials.

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