Cramer's 'Mad Money' Recap: Caution Is King

He cited Cumulus Media (CMLS Quote), which tried to take itself private at $11.75 a share. The stock now trades at just $5.25 a share.

He also noted Clear Channel (CCU Quote), a terrestrial radio company which he said is trying to go private, but is losing so much money that a deal can't be completed.

Cramer called terrestrial radio "a desperate industry that's going backwards, not forward." He once again urged viewers to contact their representatives in Congress and voice their support for satellite radio.

Acquisitions Matter

Cramer welcomed Mark Miller, president and CEO of medical waste processor Stericycle (SRCL Quote) back to the show to discuss the company's outlook.

Stericycle is up 44% since Cramer recommended the company in January 2007, and is up 24% since Miller's last appearance on the show.

Miller said his company operates on a solid business model because it is not driven by economic factors. He also said the company's acquisition pipeline is strong, with lots of room for growth in his industry.

Cramer reminded viewers that 44% is great return for a horrible market, and recommended buying the stock.

Lightning Round

Cramer was bearish on Coach (COH Quote), Zoltek (ZOLT Quote),

Mittal Steel (MT Quote) and Priceline.com (PCLN Quote).

Want more Cramer? Check out Jim's rules and commandments for investing by clicking here.

For more of Cramer's insights during the Lightning Round, click here.