Cramer's 'Mad Money' Recap: The Rich Are Spending Again (Final)

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NEW YORK (TheStreet) -- "You can't always get the best ideas from the business pages," Jim Cramer told the viewers of his "Mad Money" TV show Thursday. He said that sometimes great ideas come from the arts and entertainment section.

Cramer cited a recent New York Times article that said that Sotheby's (BID) is seeing increased demand for its auctions. What's that mean for the average investor? According to Cramer, it means "the rich are spending again!"

Cramer said the Sotheby's data just confirms a trend that's already been proven by countless other high-end retailers, namely the very rich are once again spending money. He said that just about every high-end player, including Whole Foods (WFMI), Williams Sonoma (WSM), Tiffany (TIF), Coach (COH) and Saks (SKS), have all seen sales picking up and have raised their outlooks.

So what's the trickle down play for the average investor? Cramer said companies like Darden (DRI) should see a pickup in its casual dining restaurants in the coming months.

Cramer also recommended American Express (AXP), the preferred credit card of the wealthy.

According to the company, spending levels have stabilized, and it's seeing a return to spending growth. Cramer said American Express used to trade 75% higher than where it is today, and that makes the stock cheap. With 11 analysts still rating the stock a "hold," Cramer said there's also lots of room for upgrades.