Cramer's 'Mad Money' Recap: The Fed's Reckless Moves

The market is in trouble, and the people who are supposed to help are locked in the ivory tower acting recklessly under the guise of prudence, he said.

Fed Cut Benefits Tech Stocks

Even though the Fed "screwed up royally" by not giving the market the half-point cut it needed, there are still ways to make money, Cramer said.

"If we had a bigger cut, there would be a lot of companies that would be worth betting on," Cramer said. But with a smaller cut, it only makes sense to bet on a few sectors and tech is one of them, he said.

Apple (AAPL Quote), Hewlett-Packard (HPQ Quote), which Cramer owns for his charitable trust, Action Alerts PLUS, Google (GOOG Quote) and Research In Motion (RIMM Quote) are in great shape, Cramer said.

In addition, Intel (INTC Quote), Nvidia (NVDA Quote) and Texas Instruments (TXN Quote) seem to be working, he said.

Cramer singled out one tech stock for investors to consider: Sigma Designs (SIGM Quote), which he described as a play on the slow demise of cable companies and the rise of telephone companies competing for those services.

Cable companies are losing tons of subscribers, he said. Meanwhile, AT&T (T Quote), in addition to a big buyback, has announced plans to spend $5 billion on its U-verse TV service in the next few years.

Sigma, Cramer said, should get a big cut of that money as it designs and makes the chips for the set-top boxes. The company, he said, blew its earnings out of the water last time it reported, which caused analysts to aggressively raise their price targets.