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Jim Cramer "out-beared all the bears" and gave the worst-case scenario of what could happen to the market on his "Mad Money" TV show Monday.

"This is not my possibility," he told viewers, but this is what all the bears are saying could happen.

"There are three groups of stocks that are in trouble, to say the least," and they're all centered on borrowing and lending money, Cramer said. The first "crisis point" is the home builders.

"These are a total mess," he said. "The only one that doesn't seem like a complete disaster is

MDC Holdings

(MDC) - Get M.D.C. Holdings, Inc. Report

."

DR Horton

(DHI) - Get D.R. Horton, Inc. Report

,

Pulte Homes

(PHM) - Get PulteGroup, Inc. Report

and

Toll Brothers

(TOL) - Get Toll Brothers, Inc. Report

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can't be touched. But the worst part is that they're still building houses, Cramer said.

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Crisis point No. 2 is the financials, he said. Loans are resetting at much higher rates, and Cramer predicts in his worst-case scenario that 50% of home buyers who took out loans will simply walk away from those loans. Plus, yields could get cut or vanish completely at these big lenders, he said.

Cramer said that he's not telling investors to leave the market, "but you can't own anything that even walks by a mortgage."

The third and final crisis point is the brokers. The worst case here, Cramer said, is that the brokers could lose their mortgage business and that "all of these could suffer huge." Companies that need financing are vulnerable as well, he said.

Every deal that needs financing to complete could fall through, and companies could experience big losses.

All of this is the worst-case scenario. However, "this isn't going to happen," Cramer assured viewers. "The worst-case scenario will be derailed." And even if it does happen, people can still make money in the market, he told viewers.

Avoidance Factor

Two things can happen so that the worst-case scenario is avoided, Cramer said. First, "we can get help from abroad," he said. "If things get cheap enough, we'll start to see buyers from overseas" take stocks higher.

Alternatively, if the

Federal Reserve

listened to the first part of Cramer's show and agreed with it, "all the doom and gloom will just go away," Cramer said.

If the Fed cuts by one percentage point, all of the problems he previously mentioned would vanish: The housing glut would go away, and homeowners would be able to refinance their loans.

Countrywide Financial

( CFC), DR Horton, Pulte Homes,

Centex

(CTX)

and

Lennar

(LEN) - Get Lennar Corporation Class A Report

would all profit from a rate cut, he said.

Bear Stearns

( BSC),

Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. Report

and

Citigroup

(C) - Get Citigroup Inc. Report

, the latter two of which Cramer owns for his charitable trust,

Action Alerts PLUS, would move up as well, Cramer said.

If there was a full-point rate cut, then the

Dow

would go straight to 15,

If You Don't Bank on Ben

In the case that Fed Chairman Ben Bernanke doesn't save the day with some rate cut, Cramer gave viewers a list of stocks that should work even during Doomsday. People who think there is nothing that can go up in this environment are being "stupid and antihistorical," he said.

Right now reminds him of 1990, when the banks had a real collapse. From June 30, 1990, to Oct. 30, 1990, a basket of bank stocks went down about 50%, Cramer said. "But the disaster was contained."

During this time, Cramer said he went looking for stocks that could do well even when anything financial could not. In this period, high-growth stocks "roared," the oils were up huge, and the food and beverage stocks were up nicely or flat.

Although 1990 was the worst time for banks that Cramer can remember, people still made money, he said.

"The crisis of 1990 was probably 10 times worse than this one," Cramer said. Almost every bank in New York was bankrupt. Therefore, the bears who believe that nothing can be bought here are wrong, he said.

"

Celgene

(CELG) - Get Celgene Corporation Report

,

Kellogg

(K) - Get Kellogg Company Report

,

Schlumberger

(SLB) - Get Schlumberger NV Report

,

Medco Health Solutions

(MHS)

and

Kimberly-Clark

(KMB) - Get Kimberly-Clark Corporation Report

-- that's your diversified portfolio for Doomsday," Cramer said. "These will only fail if Bernanke does his job and cuts rates."

In the meantime, Cramer reiterated that he does not believe the worst-case scenario will happen, and he is sticking by his six wild bull markets: oil and oil services, agriculture, machinery, aerospace, infrastructure and minerals.

Moreover, he's still bullish on his four "horsemen of tech:"

Amazon.com

(AMZN) - Get Amazon.com, Inc. Report

,

Google

(GOOG) - Get Alphabet Inc. Class C Report

,

Apple

(AAPL) - Get Apple Inc. Report

and

Research In Motion

( RIMM). "Tech, in general, is very right here," Cramer said.

Mad Mail

During his "Mad Mail" segment, Cramer told a viewer that he believes

ValueClick's

(VCLK)

quarter was "really awful."

"I don't have my arms around it yet," but it seems as if ValueClick will go down to $18 before it bottoms, he said. ValueClick closed at $21.01 on Monday.

Cramer told another mailer not to sell and to use weakness to buy

Brookfield Asset Management

(BAM) - Get Brookfield Asset Management Inc. Class A Report

. He told another mailer that

Rite Aid

(RAD) - Get Rite Aid Corporation Report

is doing really well, and he advised not to sell it.

Lightning Round

Cramer was bullish on

Caterpillar

(CAT) - Get Caterpillar Inc. Report

,

Level 3 Communications

(LVLT)

,

Allscripts Healthcare Solutions

(MDRX) - Get Allscripts Healthcare Solutions, Inc. Report

,

Cheesecake Factory

(CAKE) - Get Cheesecake Factory Incorporated Report

,

Johnson Controls

(JCI) - Get Johnson Controls International plc Report

,

Amylin Pharmaceuticals

( AMLN),

Amgen

(AMGN) - Get Amgen Inc. Report

,

Ladish

( LDSH),

Sun Microsystems

(SUNW) - Get Sunworks, Inc. Report

,

Ryerson

(RYI) - Get Ryerson Holding Corporation Report

,

Reliance Steel

(RS) - Get Reliance Steel & Aluminum Co. Report

,

Google

(GOOG) - Get Alphabet Inc. Class C Report

,

XTO Energy

( XTO) and

Continental Resources

(CLR) - Get Continental Resources, Inc. Report

.

Cramer was bearish on

Whirlpool

(WHR) - Get Whirlpool Corporation Report

.

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

.

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.

At the time of publication, Cramer was long Goldman Sachs, Citigroup, Caterpillar and XTO Energy.

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's 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.