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NEW YORK ( TheStreet) -- Don't focus on Italy, focus on the best way to make money, Jim Cramer told "Mad Money" TV show viewers Tuesday. He said the best way to make money in the markets is not to fret over Italy but to focus on everything that's working right here in America.
Cramer said the days when Italy's economy could drag the U.S. down with it are over. The U.S. is stronger, he said, while Italy, and indeed most of Europe, has only slid further into irrelevancy.
Executive DecisionIn the "Executive Decision" segment, Cramer spoke with Chip Johnson, CEO of Carrizo Oil & Gas (CRZO - Get Report), a stock that's fallen 20% since Cramer last spoke with Johnson in March 2012. The company just posted a 19-cent-a-share earnings beat. Johnson said Carrizo is still building value for its shareholders. He said the company's proven reserves are now valued at $1.4 billion. Adding on unproven assets, that figure is likely north of $3.6 billion. Unlike many drillers that have been slow to transition away from natural gas and into the more lucrative oil markets, Carrizo has been able to move quickly, said Johnson, which is only helping production increase ahead of schedule.
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