Mad Money Recap

Cramer's 'Mad Money' Recap: Stop Worrying, Start Investing (Final)

Stock quotes in this article:JPM, GS, RIG 

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"We need to get rid of the worry-warts in this market," Jim Cramer told the viewers of "Mad Money" TV show Wednesday.

He said that being worried about every potential problem and its opposite is not a sound financial strategy. He said there is a solution for every problem.

Cramer said with so many worried about the banks, he'd buy the strongest of them, namely JPMorgan Chase (JPM) and Goldman Sachs (GS), two stocks which he owns for his charitable trust, Action Alerts PLUS.

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With so many people worried about rising gas prices, Cramer said Transocean (RIG), Schlumberger (SLB) and Occidental Petroleum (OXY) are the ways to play that trend.

Cramer said with low interest rates and a new homebuyer tax credit, strong regional banks like FirstMerit (FMER) is a great stock.

According to Cramer, it's not wrong to worry. But he wondered what's the point when so many others are already doing the worrying for you. Cramer said his real worry in this market is not taking profits, and turning those profits into losses.

"Leave the worrying to the worry-warts," said Cramer.

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