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Cramer's 'Mad Money' Recap: Pulse of the Market

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Editor's Note: Because of CNBC's Olympics coverage, Cramer's "Mad Money" show was rescheduled to noon, EST.

NEW YORK (TheStreet) -- In a market where good news on the U.S. economic front is being overshadowed by global economic worries, Jim Cramer told the viewers of his "Mad Money" TV show that there are still reasons to like stocks.

In the start of two weeks of special mid-day episodes of "Mad Money" during the Olympics, Cramer spoke with CNBC's Bob Pisani for a real-time take on what's really moving the markets.

Pisani asked candidly, "where did the correction go?" After last week's turbulence, Pisani said the markets are calming down and stabilizing quite a bit. He said the rise in commodity prices, from oil to gold to copper, seem to be what most traders are focused on since they're often seen as the barometer for global demand.

Cramer also cited phenomenal growth from restauranteur Darden (DRI), and Simon Property Group's (SPG) takeover of General Growth Properties as two other bright spots in the market, as is Mitsui & Company's (MITSU) deal with Anadarko (APC) for drilling rights in the Marcellus shale fields.

Pisani and Cramer both agreed that overall, the markets are extremely frustrating, with stocks seemingly ignoring logic and fundamentals, trading instead on the whims of global news. Perhaps that's why do many professionals are sitting on the sidelines, they theorized.

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