Cramer's 'Mad Money' Recap: Obama's Chilling Impact on the Markets

Stock quotes in this article: JNJ , FDO , NFLX , NVO , PNRA  

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Outrage of the Day

Cramer appealed to President-elect Barack Obama to assign a special prosecutor to go after organized financial crimes. "Investors will not come back to this market until they know the bad guys are gone," he said.

BankingMyWay

Cramer said the markets need to see a sea of indictments to restore confidence. He recommended using the RICO Act to prosecute all those who told investors the "fundamentals were sound," when clearly they weren't.

Prosecuting these executives will not be hard, said Cramer, since there are witnesses galore willing to testify against those who cost them everything.

Am I Diversified?

Cramer spoke with callers to see if their portfolios have what it takes. The first caller's portfolio included Fluor (FLR Quote), Apple (AAPL Quote), Chevron (CVX Quote), Corning (GLW Quote) and Gilead (GILD Quote).

Cramer said Apple and Corning are two tech companies and he'd keep Corning given how cheap that stock has become.

The second caller's top holdings included Wyeth (WYE Quote), Florida Power & Light (FPL Quote), Coca-Cola (KO Quote), Disney (DIS Quote) and Verizon (VZ Quote).

Cramer called this portfolio diversified.

The third caller had Johnson & Johnson , Altria (MO Quote), Clean Energy (CLNE Quote), Eaton (ETN Quote) and Eagle Materials (EXP Quote) as their top five stocks.

For this portfolio, Cramer said it's a total house of pleasure.

Lightning Round

Cramer was bullish on Netflix (NFLX Quote), Novo Nordisk A/S (NVO Quote), Panera Bread (PNRA Quote) and Anadarko Petroleum (APC Quote).

Cramer was bearish on Diebold (DBD Quote), Intuitive Surgical (ISRG Quote) and Chesapeake Energy (CHK Quote).

Check out the latest edition of "Cramer's Take on Top-Searched Stocks" on Stockpickr.

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

Read more of Cramer's Mad Money Lightning Round insights.

For "Mad Money" performance statistics and other links, check out Mad Money stats

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At the time of publication, Cramer was long Johnson & Johnson, Gilead Sciences, Eaton and Altria.

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."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.





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