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TheStreet Open House

Cramer's 'Mad Money' Recap: Apple's Shining Example (Final)

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In a special "Quiz Cramer" segment, Cramer fielded questions from his live audience. When asked about whether the Federal Reserve will begin QE3, Cramer said what's important is that the Fed is committed to keeping the economy out of recession. Everything else, he said, will take care of itself.

When asked what to do with cash in a retirement portfolio, Cramer said that the viewer must build income. He recommended investing in a master limited partnership, like Kinder Morgan Energy Partners (KMP), which is likely safer than bonds with a much higher yield.

Finally, when a younger viewer asked whether Microsoft's (MSFT) Xbox business could affect he stock, Cramer said that only corporate sales of Windows matters to Microsoft, and its Xbox business is just too small to "move the needle."

Lightning Round

Cramer was bullish on Commercial Metals (CMC) and Netflix (NFLX).

He was bearish on Rackspace Hosting (RAX), Silvercorp Metals (SVM), Corrections Corp of America (CXW), Chicago Mercantile Exchange (CME) and Adobe Systems (ADBE).

Closing Comments

In his "No Huddle Offense" segment, Cramer once again opined on technology stocks. He said while a rising tide lifts all tech boats, when that tide recedes, these stocks become cannibals and only the strong will survive.

Cramer told investors not to be dissuaded when the earnings of Apple, Google (GOOG), EMC (EMC) and Amazon.com (AMZN) send all of the tech stocks higher.

In his "No Huddle Offense" segment, Cramer once again opined on the technology stocks. He said while a rising tide lifts all tech boats, when that tide recedes, these stocks become cannibals and only the strong will survive.

Cramer told investors not to be dissuaded when the earnings of Apple, Google (GOOG), EMC (EMC) and Amazon.com (AMZN) send all of the tech stocks higher. He said the best way to play Apple is not with a derivative play but with Apple.

Cramer said the problem with tech is that as the leaders win, like Apple is with its iPhone and iPad, others must lose. He said when the market pulls back next, all the rest of tech will be quickly washed out to sea.

--Written by Scott Rutt in Washington, D.C.

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