This article was originally published Jan. 23.

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"There are some signs of health in this market," Jim Cramer told the viewers of his "Mad Money" TV show Thursday.

Despite the down day in the

Dow Jones Industrial Average

, he found four signs of life.

Cramer said the first sign came from the technology sector. While


(MSFT) - Get Report

missed its earnings by a mile, others like


(GOOG) - Get Report

confirmed the pattern set by


(AAPL) - Get Report


Research In Motion



Cramer said when it comes to tech, it's either hot or it's not, in or out, up or down.

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Cramer said the second sign is oil. "When oil goes up, the markets go up," he said, noting that


(XOM) - Get Report

alone accounts for 5% of the S&P 500 index.

The third sign comes from pharma. He said the deal between


(PFE) - Get Report



could fetch as much as $60 billion, and spark a wave of other consolidations.


(GERN) - Get Report

, another pharma name, was also up 38% on news of FDA approval for human trials of the first ever embryonic stem cell-based treatment.

Cramer said he's also a fan of

Forest Labs




(BMY) - Get Report


The final sign of life was

Goldman Sachs

(GS) - Get Report


Morgan Stanley

(MS) - Get Report

, both of which are breaking out to the upside. Cramer said Goldman may soon find itself in a position to raise capital and pay off the TARP money it borrowed from the government.

All of these signs, said Cramer, leave him cautiously optimistic for next week's action.

Cramer's Shocker Stocks

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Pharma Action

Cramer said when big pharma needs growth, it turns to little pharma.

So in light of Pfizer's bid for Wyeth, Cramer said it could be

Abbott Labs

(ABT) - Get Report

who has already stated it's on the hunt for smart acquisitions.

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That acquisition target, said Cramer, could be



, a company in which Abbott Labs is already in partnership. He said both companies are in the laboratory diagnostic business, making the fit even better.

Celera is appealing to Pfizer because it specializes in personalized medicine that matches treatments to patients. This personal service requires lots of diagnosis, along with frequent monitoring and reassessment.

He also noted the company's KIF6 genetic test to assess cardiac risk factors as another positive factor.

Another potential candidate for Abbott Labs would be



, a stock Cramer recommended on Dec. 19. But he said with shares up 24% since that mention, he'd now be a seller of Sequenom and swap into Celera.

Cramer said Celera trades at 41 times its earnings, and while it could deliver upwards of 50% earnings growth in 2009, he'd be reluctant to recommend the name except on "Speculation Friday." He advised using limit orders only and not use market orders to drive up the price.

Outrage of the Day

Cramer once again sounded off against Treasury Secretary designate Tim Geithner and former Merrill Lynch CEO John Thain. He said that if he were a prosecutor, he'd indict both men, Thain for malfeasance and Geithner for tax evasion.

Cramer said it's unfathomable how Thain could spend $1.2 million on an office while his firm is literally falling apart in front of his eyes. And, he said, it's totally unacceptable that Geithner "forgot" to pay his taxes.

Yet both men, he said, appear to be above the law and are untouchable. Anyone else, he said, would already be in prison, but Thain gets to walk away with billions while Geithner gets to go to Washington.

Cramer said these men should be cell mates with former



CEO Dennis Kozlowski, who is currently serving 8 to 25 years.

Am I Diversified?

Cramer talked with callers to see if their portfolios have what it takes. The first caller's portfolio included

Atmos Energy

(ATO) - Get Report



(BMY) - Get Report



(ETN) - Get Report


US Bancorp

(USB) - Get Report


Home Depot

(HD) - Get Report


Cramer called this portfolio "made in heaven."

The second caller's top holdings included

Energy Transfer Partners




(CB) - Get Report



(BDX) - Get Report


Duke Energy

(DUK) - Get Report


United Technologies


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Cramer said he could argue that Duke and Energy Transfer Partners are too similar, but since he likes both companies, he's loath to throw either out.

The third caller had

Terra Nitro



Nordic American Tanker

(NAT) - Get Report



(MCD) - Get Report



(KO) - Get Report


Kinder Morgan Partners


as their top five stocks.

Cramer said he loves this portfolio for its great dividend yields.

The fourth caller's portfolio included


(DIS) - Get Report



(DRYS) - Get Report


Electronic Arts



Gerdau Ameristeel



Southwest Airlines

(LUV) - Get Report


Cramer called this portfolio a difficult one. He said that he'll never recommend an airline and with two entertainment companies. He did not bless this portfolio.

Lightning Round

Cramer was bullish on

Research In Motion



ConAgra Foods

(CAG) - Get Report


Walt Disney

(DIS) - Get Report


He was bearish on

Emergent BioSolutions

(EBS) - Get Report



(GRMN) - Get Report


Cal-Maine Foods

(CALM) - Get Report


MEMC Electronics




(TGT) - Get Report


International Game Technology

(IGT) - Get Report


Las Vegas Sands

(LVS) - Get Report


MGM Mirage

(MGM) - Get Report


Image placeholder title

Want more Cramer? Check out Jim's rules and commandments for investing by

clicking here


Read more of Cramer's Mad Money Lightning Round insights


For "Mad Money" performance statistics and other links, check out Mad Money stats

At the time of publication, Cramer was long Bristol-Myers.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of 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, 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 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, 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, 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 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, 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.