Cramer's 'Mad Money' Recap: Dec. 22

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What's to blame for today's 200-point mid-day decline in the Dow? Cramer told the viewers of his "Mad Money" TV show Monday that this time, the analysts are at fault.

Cramer explained that as the year's end draws to a close, many analysts are forced to downgrade stocks to right their wrongs earlier in the year. In a practice he described as "analyst gone wild," Cramer said many analysts are downgrading names they've been wrong on for months.

Earlier today, analysts at JPMorgan Chase downgraded the stocks of Cramer favorite Nordic American Tanker , along with General Maritime and Eaton (ETN Quote), which he also owns for his Action Alerts PLUS portfolio. All of these downgrades, said Cramer, are useless, as these stocks have already taken huge tumbles.

Likewise, UBS analysts downgraded the gold stocks, long after the commodity and the stocks have both posted sizable losses. Similar downgrades are happened at every firm, he said, and they're for the most part, wrong.

Cramer explained that in the case of Nordic American Tanker, JP Morgan's reason for selling the stock, mainly the decline in the spot price of oil, is the exact reason to buy the stock. He said that with oil so low, oil producers are scrambling for tankers to store oil so they can fill them now, and sell at higher prices later.

The analysts, said Cramer, are using this last opportunity to downgrade everything they can before year end. This practice however, creates some great buying opportunities just in time for Christmas.

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