Cramer's 'Mad Money' Recap: The Secret Game Plan to Revive the Economy

The New Game Plan

Cramer said that after the market's worst-ever weekly drop it's "time to change our incredibly negative bias," as stocks are no longer in endless sell mode.

For Cramer it's time to "rent" some stocks, with a look at owning longer term if the market again approaches the lows seen on Friday. Cramer believes the market will chase those lows since the market rarely bottoms on a Friday, and the snapback by stocks was "too far, too fast."

That means a new game plan is needed for the cash that Cramer told traders to peel off last month.

Expecting a gap down on both Monday and Tuesday, Cramer advises putting 25% of that cash back in play on both days. As usual, Cramer is against buying all at once.

As for where to put it, Cramer offered a stock like Kellogg(K Quote) as a template, based on its rallying behavior a year after the 1987 crash.

Of course, Cramer said this isn't 1987 - times are a lot worse. Given that, Cramer suggests loooking at companies that are trading around their cash on hand, such as KBR(KBR Quote)/

You should also look at companies that make products that you eat, such as Kraft(KFT Quote) , Heinz(HNZ Quote), Coca-Cola(KO Quote) and Altria(MO Quote). Cramer owns Kraft and Altria in his Action Alerts Plus portfolio.

Cramer also likes giant pharmaceutial Merck(MRK Quote), cyclical plays Nucor(NUE Quote) and Freeport McMoRan(FCX Quote), which he also owns for his Action Alerts PLUS portfolio, but reminded viewers that you only want a small position with the last two, since they aren't self-financing.