Cramer's 'Mad Money' Recap: Old-School Tech

Last week, Cramer told viewers that the market's short-term direction would be determined by the Mad Money Madness Index. He's since been using this group of stocks to measure the stress points in the system.

If market players owned any of the stocks from the Index and haven't sold them yet, they are being greedy. Sell MGIC (MTG Quote - Cramer on MTG - Stock Picks), MBIA (MBI Quote - Cramer on MBI - Stock Picks), KB Home (KBH Quote - Cramer on KBH - Stock Picks), Blackstone (BX Quote - Cramer on BX - Stock Picks), Centex (CTX Quote - Cramer on CTX - Stock Picks), Beazer Homes (BZH Quote - Cramer on BZH - Stock Picks) and Washington Mutual (WM Quote - Cramer on WM - Stock Picks), he advised.

"Greed is not good," Cramer said. "The market makes you pay for it."

Flashy SanDisk

If there are a couple of days when the market isn't "horrible," then SanDisk (SNDK Quote - Cramer on SNDK - Stock Picks) should run, Cramer told viewers.

After all, flash memory could be in a position to overtake traditional disk drives, and Apple (AAPL Quote - Cramer on AAPL - Stock Picks) has been using a lot of flash, he pointed out.

Cramer said he likes it here for a couple of reasons. First, the Flash Memory Summit finished up today in California. The conference, he said, included the presence of such companies as Intel and Dell (DELL Quote - Cramer on DELL - Stock Picks), both of which are optimistic about flash memory.

Plus, at the conference, Chairman and CEO Dr. Eli Harari said things are great. This, Cramer said, reminds him of how Cisco CEO John Chambers said it was a very exciting time for his company.

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