Cramer's 'Mad Money' Recap: Get Ready for the Bears

Paul, said Cramer, is creating an atmosphere in which it's OK to call out the Fed. The institution is making policy with no checks and balances, and Paul is changing things by speaking out, he said.

Flextronics Bounces Back

What could be better on "Speculation Friday" than a company that went from being a dud to a force to be reckoned with, Cramer asked. That stocks is Flextronics (FLEX Quote), an electronic manufacturing service.

Flextronics, whose stock has been flat for years, bounced back from mediocrity when it bought its competitor Solectron in October, Cramer said. This deal made Flextronics the No. 2 player in its market.

Now, to be able to compete with it, Flextronics' rivals will have to make their own acquisitions, otherwise they're going to lose, he said. And with all the consolidations that are likely to take place, Flextronics' pricing power should increase dramatically, he added.

Moreover, the Street, Cramer said, thought it would take longer for Flextronics to integrate its acquisitions, but now it realizes that it will take a shorter time. This means analysts will have to revise their estimations.

Flextronics is a stock market players should consider buying, he said.

Mad Mail

In his "Mad Mail" segment, a emailer asked if the recent cold snap is a reason to buy Under Armour (UA Quote). Cramer said he considers VF Corp (VFC Quote) a "safer play."