Cramer's 'Stop Trading': Dig in to Darden

"I like what I heard," and "I took it as bullish," is what Jim Cramer said on CNBC's "Stop Trading!" segment Wednesday about the Federal Reserve's action.

Opening the show, Cramer spoke on the Fed and today's unchanged interest rates. He said that right now it is smart not to buy retailers and that you can still buy ConocoPhillips (COP Quote - Cramer on COP - Stock Picks) on a down futures day. Cramer said that two things to take away are that you can "still own commodities," and that investors should "worry about a calamity," like Enron.

Moving along, Cramer said that a "way to look at consumers" is to observe Darden (DRI Quote - Cramer on DRI - Stock Picks). He said that its April, May, June progression has been really strong and that people are still going to the Olive Garden, which had tremendous same-store sales growth.

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Continuing his comments on the markets, Cramer said that he understands why the Fed believes consumers are getting strong; we are the most oversold we've been.

Wrapping up today's "Stop Trading!" with comments on emerging markets, specifically Brazil, Russia, India and China, or BRIC, Cramer said that it's time to "stop being ethnocentric," and that Brazil "comes across as being the best."