Cramer's 'Mad Money' Recap: Jan. 13

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"These are times that try a bull's soul," Jim Cramer told the viewers of his "Mad Money" TV show Tuesday.

He said he's baffled that all of last week's most loved stocks have become the most hated this week. "Why are people so astonished by the bad numbers," he asked?

Cramer said the only surprise in the markets is that people are actually surprised. At the end of 2008, he said, there was simply too much excitement in the markets, and the analysts were too positive. This week's moves however, simply brings things back to reality and back to a level where the markets make sense.

Cramer said KLA Tencor's (KLAC) earnings shortfall should have been expected. The departure of Seagate's (STX) top executives should have been expected, and Transocean's (RIG) order cancellations shouldn't have come as any surprise, he said.

Cramer said people should not have been surprised when Alcoa TICKER TYPE="EQUITY" SYMBOL="AA" PRIMARY="NO"/> missed its numbers because it's the worst run company out there.

Cramer told investors they need to "wake up" and start expecting the worst.

This market is creating opportunities, however. He said Caterpillar (CAT), he said, is a steal under $40.

He said also to consider NYSE Euronext (NYX), which now yields 4.9%, while new Cramer favorite Home Depot (HD) yields 4%.

"These are not damaged companies," said Cramer, "just damaged stocks."

Cramer: Ignore Oil and Tech