Cramer's 'Mad Money Lightning Round': Be Afraid of E*Trade

To see the full "Mad Money" Recap, please click here.

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Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Tuesday evening:

Biogen Idec (BIIB Quote - Cramer on BIIB - Stock Picks): "People have gravitated again toward true safety. They want conservative growth. ... They want Bristol-Myers (BMY Quote - Cramer on BMY - Stock Picks). They want Wyeth (WYE Quote - Cramer on WYE - Stock Picks). ... They have been running away from any sort of risk."

VMWare (VMW Quote - Cramer on VMW - Stock Picks): "I would rather have you buy EMC (EMC Quote - Cramer on EMC - Stock Picks). ... I bought some yesterday for my charitable trust. ... I think EMC is a cheap way to get VMWare. ... I'm a buyer of EMC."

IntercontinentalExchange (ICE Quote - Cramer on ICE - Stock Picks): "The business is strong. The market got tough. ... I reiterate that I like ICE."

Foster Wheeler (FWLT Quote - Cramer on FWLT - Stock Picks): "This stock could be down $20 in a heartbeat, could be up $20 in a heartbeat. [CEO Ray] Milkovich is good. ... A $140 stock can be down $10 on one big seller. ... I think it's a buy. I'm not going away just because the market's going away."

Sirius (SIRI Quote - Cramer on SIRI - Stock Picks): "They've held more hearings about this merger with XM (XMSR Quote - Cramer on XMSR - Stock Picks) than they have about Iraq. ... The stock does nothing until the merger. Nothing. Hold on to it."

E*Trade (ETFC Quote - Cramer on ETFC - Stock Picks): "E*Trade is not coming back. ... E*Trade has one of the most toxic portfolios I have ever seen. ... [Former CEO Mitchell Caplan] got $10 million, so I'm not crying for him. ... Worst financial of any company. ... Take your two bucks and buy ... I don't know, what can you buy for two bucks these days?"

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