The market is "bipolar" today, with "all the domestics down," Jim Cramer said Thursday on

CNBC's

"Stop Trading!" segment, but "this is a much better day than yesterday."

Cramer expressed his faith in

Cisco

(CSCO) - Get Report

. The company's stock had fallen this morning after its quarterly report disappointed investors.

"What happened here is there's no real chink in the story. ... I would buy Cisco." Cramer said that investors who were hiding in Cisco have now sold the stock. He believes the stock "is going to come roaring back."

Global Markets Still Healthy

Cramer believes the global markets are healthy, saying there is great strength in Europe: "I still believe that they are not going to be pulled down by us," he said. "I'm very bearish on domestic America, but I'm not bearish on

European markets."

Cramer stressed the weakness of the U.S. economy, saying, "Our market is still horrible, we're the worst other than Japan."

Cramer said that he likes Europe over the emerging markets, saying that, aside from French president Nicolas Sarkozy's comments portending economic "war" if the U.S. devalues the dollar, his speech regarding the U.S. economy was generally positive.

Cramer said he wished

Federal Reserve

chairman Ben Bernanke and Treasury Secretary Henry Paulson were talking up the strength of the dollar. "I do think that Paulson should be making a stand on the dollar," he said. "I think the dollar is cheap."

Goldman Sachs Still Solid

"Everyone said the other day that there's going to be a $17 billion number that is going to shock you ... it was the bonus." Cramer said that he believes

Goldman Sachs

(GS) - Get Report

wrote down all its bad business in the second quarter, and he continues to believe in the investment bank.

Woozy Google Can Recover

Commenting on

Google's

(GOOG) - Get Report

stock pitfall in the wake of

Time Warner's

(TWX)

purchase of the advertising technology company Quigo, Cramer said, "I like Google, but this was a bad thing for Google that AOL bought Quigo." He said that if Google goes "down 40, I would buy it." Quigo, Cramer believes, is a very good company, and he let viewers know that

TheStreet.com

uses it for its advertising.

At the time of publication, Cramer was long Goldman Sachs.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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