Click here for an archive of Cramer's "Mad Money" recaps.

Although some market-players won't like stocks as much as they did before the election -- as Democrats have historically sided with consumers and not investors -- they should stay invested, Jim Cramer told viewers of his "Mad Money" TV show Wednesday.

People may be wondering why the market rallied today even though the Democrats have taken over. But the rally is in accordance with Cramer's Big Bad Event theory, which states that once the event passes, the market tends to relax and go on its way.

Even though things are not as "rosy" as they were before, the Democrats don't have the power to do anything except make corporations feel bad, Cramer said. As Cramer does not believe that will affect the market, he urged people to stay in the game.

Drug, oil and defense stocks tend to be the target, which means investors will need to keep their eyes on Washington to make money in the market now. But there's still a way to "traverse" the markets and do this, Cramer said.

Cramer believes Democrats won't hurt credit card companies, and

MasterCard

(MA) - Get Report

will still go higher. In addition,

Capital One

(COF) - Get Report

is "very cheap," he said.

Also, "the Democrats love

Fannie Mae

(FNM)

, so this stock is going to take its anointed status," Cramer said.

People shouldn't "freak out and stay out," he continued. Otherwise, they will miss out on making money in stocks like

Apple

(AAPL) - Get Report

, which should go to $100 by Christmas, and

Cisco

(CSCO) - Get Report

, he said. Apple closed at $82.45 on Wednesday.

Mel and Howard

"On Wall Street, nothing makes players happier than growth" and one stock that has growth is

Sirius Satellite Radio

(SIRI) - Get Report

, Cramer told his viewers.

Cramer welcomed Sirius CEO Mel Karmazin to the set and asked him how he brought his acquisition cost down 23%.

"It's what we said would happen," Karmazin said. "As we get more and more volume out there and subsidies go down, we're very much on track to get it down."

When Cramer asked if bringing in Howard Stern worked, Karmazin said, "We had 600,000 subscribers on the day he was announced and now we have 5.1 million."

If you listen to Stern, he says it's because of him, and Karmazin said he's not going to disagree with Stern.

"All we needed was a million incremental subscribers to make Howard pay for himself and he did," Karmazin continued.

In response to Cramer's next question, Karmazin said getting Nascar "is a very big deal."

"The deal starts in January and will last for five years," he said. "We think it is a big driver, and coming off the holiday season, it will be a big catalyst for the company."

"At this point, it is quiet at retail," Karmazin said. "The holiday season is going to be a gangbusters quarter." Karmazin said he doesn't have any reason to believe the holiday season will not be big for Sirius. But "we have a lot of work to do from this point to the end of the year to hit our number," he said.

"We started four years ago, and in that short period of time, we will have grown to be the third-largest satellite radio company," he said.

Whereas, if people take a look at

Comcast

(CMCSA) - Get Report

, it has been around for 40 years, Karmazin said.

When asked about the possibility of a deal with

XM Satellite Radio

(XMSR)

, Karmazin said that while he believes "there is value creation by putting two companies together," Sirius doesn't need to merge with XM Radio at this point.

"I'm interested in building a long-term value for our company and am open to anything that's in our shareholders' best interest," he said. "We don't need to do a deal, and don't know if we ever will do a deal."

To view Cramer's interview with Mel Karmazin, please click here.

Am I Diversified?

In the "Am I Diversified" segment of the show, Cramer's first caller held the following five stocks in his portfolio:

Microsoft

(MSFT) - Get Report

,

Wal-Mart

(WMT) - Get Report

,

Texas Roadhouse

(TXRH) - Get Report

,

Starbucks

(SBUX) - Get Report

and

Home Depot

(HD) - Get Report

.

Because the caller had too many retailers, Cramer said he could not bless the portfolio as diversified. He said he would keep Starbucks and Microsoft and replace the others with a bank, a defense company and maybe a health care stock.

Cramer's second caller owned the following five stocks:

Google

(GOOG) - Get Report

, Starbucks,

Devon Energy

(DVN) - Get Report

,

Citigroup

(C) - Get Report

and

Sears Holdings

(SHLD)

.

Cramer said the portfolio was not only diversified, but the caller also was in the House of Pleasure.

The third caller named the following five stocks:

Alcatel

(ALA)

,

Trico Marine Services

(TRMA)

,

SAIC

(SAI)

,

Lundin Mining

(LMC)

and

Cisco

(CSCO) - Get Report

.

Cramer congratulated the caller for owning Cisco, but suggested he throw out Alcatel and pick up a health care stock instead.

Lightning Round

Cramer was bullish on

E*Trade

(ET) - Get Report

,

Yamana Gold

(AUY) - Get Report

,

NYSE Group

(NYX)

,

Charming Shoppes

(CHRS) - Get Report

,

TJX

(TJX) - Get Report

,

Dress Barn

(DBRN)

,

Limited

(LTD)

,

Disney

(DIS) - Get Report

,

Exelon

(EXC) - Get Report

,

Duke Energy

(DUK) - Get Report

,

Valero Energy

(VLO) - Get Report

,

Chevron

(CVX) - Get Report

,

Safeway

(SWY)

,

J.C. Penney

(JCP) - Get Report

,

Kohl's

(KSS) - Get Report

,

CSX

(CSX) - Get Report

,

Sysco

(SYY) - Get Report

,

International Paper

(IP) - Get Report

and Lundin Mining.

Cramer was bearish on

Crystallex

(KRY)

,

SanDisk

(SNDK)

,

InterContinental Exchange

(ICE) - Get Report

,

TXU

(TXU)

,

Frontier Oil

(FTO)

,

Ahold

(AHO)

,

Senomyx

(SNMX)

,

DSW

(DSW) - Get Report

,

Kinross Gold

(KGC) - Get Report

,

Zoran

(ZRAN)

,

Evergreen Solar

(ESLR)

,

Encore Wire

(WIRE) - Get Report

and

Northgate Minerals

(NXG)

.

For more of Cramer's insights during the Lightning Round, click here

.

In his "Mad Mail" segment, Cramer told a viewer he has always liked

Pall

(PLL) - Get Report

.

Responding to another mailer, he said the homebuilders have bottomed, and if these companies report good numbers, they should go up.

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Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by

clicking here

.

At the time of publication, Cramer was long Sears Holdings.

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.