Cramer's 'Mad Money' Recap: Who's Bluffing in the Market?

"That was a neon sign saying he had great cards," Cramer said. "People thought he was bluffing, but he ended up having a full house. It's not done going up."

Then there's Under Armour (UA Quote - Cramer on UA - Stock Picks), which pretty much all the time said things were good. This time the apparel company came out with a poker face and turned out to have a straight flush, he said.

Coca-Cola (KO Quote - Cramer on KO - Stock Picks) and PepsiCo (PEP Quote - Cramer on PEP - Stock Picks) are companies that have consistently had hands with three-of-a-kind cards, Cramer added. Although this may not be the best, it's still pretty good in this environment.

The financials, on the other hand, have had "crummy" hands. "They sit there every day and keep folding," he said. "They're not even trying to bluff any more." On Tuesday, the Fed issued the financials "wild cards," but they are still not the best bet at this point, Cramer said.

Right now Cisco has the "hottest" hand, and Level 3 Communications (LVLT Quote - Cramer on LVLT - Stock Picks) is good, too, he said. Plus, people can't bet against secular growth names such as Coca-Cola or Pepsi.

VF Corp.'s Happy North Face

In March, Cramer did a series on a group of retail executives and companies that he believed deserved the benefit of the doubt. However, from atop his desk, Cramer said that he mostly stands corrected.

Though he was wrong about his benefit-of-the doubt list when it came to Ralph Lauren (RL Quote - Cramer on RL - Stock Picks), for example, VF Corp. (VFC Quote - Cramer on VFC - Stock Picks), another name on that list, is up.

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