Cramer's 'Mad Money' Recap: Get Under GE's Umbrella

03/20/08 - 07:44 PM EDT

TheStreet.com Staff

"The markets have just been overwhelmed by this change in the law," said Cramer, who called those at the SEC "morons" for not realizing how the market would react to the change, especially in times of crisis.

He urged viewers to write Congress and the SEC and demand that the "up-tick" rule be reinstated to help preserve their investments.

Mad Mail

Cramer told a viewer that Foster Wheeler (FWLT Quote - Cramer on FWLT - Stock Picks) is his favorite stock in the group and is a "serious buy" at these levels.

Showing Your Support

On a final note, Cramer once again urged viewers to visit the Federal Communication Commission's website at FCC.gov and show their support for the merger of Sirius Satellite (SIRI Quote - Cramer on SIRI - Stock Picks) and XM Satellite Radio (XMSR Quote - Cramer on XMSR - Stock Picks).

Cramer has been a long time supporter of the merger, calling it good for both the companies and consumers. A decision on the merger, now in process for one year and 31 days, is expected soon.

Lightning Round

Cramer was bullish on Willbros Group (WG Quote - Cramer on WG - Stock Picks), Western Refining (WNR Quote - Cramer on WNR - Stock Picks), Public Service Enterprise Group (PEG Quote - Cramer on PEG - Stock Picks), Enterprise Products Partners (EPD Quote - Cramer on EPD - Stock Picks), Verizon (VZ Quote - Cramer on VZ - Stock Picks), Agrium (AGU Quote - Cramer on AGU - Stock Picks) and Goldman Sachs (GS Quote - Cramer on GS - Stock Picks).

Cramer was bearish on Alcatel Lucent (ALU Quote - Cramer on ALU - Stock Picks).

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.

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At the time of publication, Cramer was long Verizon, Foster Wheeler and Goldman Sachs.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

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