Cramer's 'Mad Money' Recap: The Next Oil Gusher

Cramer expressed his concerns for municipal bondholders who may get short-changed by the growing credit crisis.

Dinallo said his agency is looking out for "the little guy," and that he was happy to see MBIA recently cut its dividend to preserve capital. He defended his recent move to persuade Berkshire Hathaway(BRK Quote), to get into the bond insurance business. And he pointed out that many firms are now working with his agency to become more transparent and resolve the current concerns.

A Difference of Opinion

There's a battle brewing over Salesforce.com (CRM Quote) and Cramer's taking sides. It seems Salesforce was recently upgraded by UBS on the same day Goldman Sachs downgraded the stock.

"What's amazing about these differing opinions," Cramer points out, "is how much the analysts agree on."

Both firms agree that Salesforce is the best run company in the software service industry, with the best management and great recurring revenues. Both analysts also agree that the company is the leader in its industry and is having a great quarter. So why, Cramer asks, did the Goldman analyst downgrade Salesforce? Because the stock is priced for perfection, he points out.

Cramer is siding with the Goldman analyst and recommends trimming your position in Salesforce and selling into any strength.

The stock, he points out, trades at 170 times its 2008 estimates, and that's just too high. Any bad news could signal disaster for Salesforce. Cramer believes there may be 10 points of upside, but perhaps as much as 30 points of potential downside. The lesson, Cramer says, "is even great companies can be too expensive."