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Cramer's 'Mad Money' Recap: Good Reasons to Stay in the Market

"Compromise is synonymous with government," said Cote, adding now is the time to be responsible and not reckless by playing politics.

Cote said some try to confuse the issue of the budget with that of taxing the wealthy, but the issue is far, far bigger than that. He said if you wanted to fix the budget by taxing the rich alone, you would have to tax the top two tiers 108% of their income to do it. Clearly, a comprehensive solution is needed.

Cote called on the "radical middle," those 70% of Americans not tied to the fringes of our political system, to come together and get this problem solved. If we don't, he said, eventually the problem will be solved for us with a crisis far bigger than even the one we have today.

Lightning Round

In the Lightning Round, Cramer was bullish on Qualcomm (QCOM), Cisco Systems (CSCO), Broadcom (BRCM), Realty Income (O), Exelixis (EXEL) and Dynavax Technologies (DVAX).

Cramer was bearish on Sandstorm Gold (SAND) and SodaStream (SODA).

Off the Charts

In the "Off the Charts" segment, Cramer went head to head with colleague Bob Lang over the chart of Boeing (BA), a stock which Cramer owns for his charitable trust, Action Alerts PLUS and one that is squarely in the crosshairs of the looming fiscal cliff.

Using a daily chart of Boeing, Lang noted that the price action has been strong and rising since the election earlier this month, indicating that the big money managers are starting to get into the stock. With a floor at $69 a share, Lang said investors have decent downside protection at these levels.

More importantly, Boeing's recent rally now puts the stock above its 10-day, 50-day and 200-day moving averages, which makes it an "up stock" in the eyes of technicians who follow it. The MACD indication also recently signaled a bullish crossover, further confirming that now is the time to buy, buy, buy even though technically, a failed budget deal would drastically cut defense spending and send the economy into recession.

Cramer said there's a tremendous buying cycle at hand in the aerospace world, as more and more airlines need to add more fuel efficient planes to their fleets. This cycle lasts for years, he said, which is why Boeing is one stock that can fly higher than even the fiscal cliff.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer took a moment out to praise the management at Home Depot (HD) and Dicks Sporting Goods (DKS) for their remarkable earnings.

Cramer said that Home Depot has provided investors with both consistency and humility and is now set to ride the waves of a recovering housing market and the rebuilding effort after Hurricane Sandy.

As for Dicks, there too, management delivered for shareholders at a time when rivals like Cabella's (CAB) failed miserably. Cramer said the 5% pop in same store sales was remarkable during a time when many are not necessarily in the market for expensive sneakers or outdoor sporting gear.

To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

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

To email Scott about this article, click here: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC

At the time of publication, Cramer's Action Alerts PLUS was long GE, BRCM and BA.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC Universal or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.

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