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Here's what Jim Cramer had to say about some of the stocks during the Mad Money Lightning Round:

Camping World (CWH) : "I like the outdoor thesis. "

Lam Research (LRCX) : "This is an inexpensive stock."

Oclaro (OCLR) : "They had a very good quarter. Let's wait and pick some up under $9."

Ventas (VTR) : "It yields over 6% but I'm not running away from this one. I think it's OK."

The Carlyle Group (CG) : "Yes, it's a buy. These are very smart guys."

Parker Hannifin (PH) : "I'm now walking away from this one. The quarter was incredibly strong. "

Synaptics (SYNA) : "They have very good technology. I'll bless it."

Ship Finance International (SFL) : "This has a very big yield, so I'm staying away."

American International Group (AIG) : "I'll say go with Travelers Companies (TRV) or Chubb (CB) ."

Cramer and the AAP team say selloffs like Monday's are why they always like to keep a healthy amount of cash on hand. But this kind of volatility can be devastating to those who aren't prepared. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.

On Real Money, Cramer says, "Seriously, does anyone think that users will stop using Facebook (FB) or its Instagram site because it let someone misuse data?" Get more of Cramer's insights with a free trial subscription to Real Money.

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At the time of publication, Cramer's Action Alerts PLUS had a position in FB.