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One could say that Gisele Bundchen, New York Attorney General Andrew Cuomo and perhaps rapper Jay-Z played a role in today's market selloff, Jim Cramer told viewers of his "Mad Money" TV show Wednesday.

The currency markets were rattled when Bundchen, who was recently hired by

Procter & Gamble

(PG) - Get Procter & Gamble Company (The) Report

to endorse the company's Pantene hair product line, said she wanted to be paid in euros, Cramer said.

Her comments fell in line with a trend lately that has seen a 35% decline in the dollar in the past six years while the euro has appreciated.

Cuomo added to the spate of bad news when he subpoenaed home-loan financers

Fannie Mae

( FNM) and

Freddie Mac

( FRE) today in an effort to get information on mortgages they bought from

Washington Mutual

(WM) - Get Waste Management Inc. Report


Cuomo is coming down on Washington Mutual, and his investigations might be making things worse for the mortgage market, according to Cramer. "There's only one way out of the mortgage morass," he said. "We need to see lower down payments." What people don't need is "overzealous regulators" trying to scare lenders out of lending.

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Even Jay-Z has turned his back on the dollar, Cramer said. The music artist recently came out in a video flashing 500 euro bills in a money clip. "On one side we have Gisele and Jay-Z causing a panic with our currency," while Cuomo, on the other side, is probing the mortgage industry, said Cramer.

Don't panic and stick to the stocks that work, he advised.

Going Nuclear

It's time to take a look at

NRG Energy

(NRG) - Get NRG Energy Inc. Report

because it pays to invest in pollution-reducing companies, Cramer said.

NRG, he said, wants to be a nuclear plant company. He said the company has applied for two new reactors in Texas, and they could go up in 2014 and 2015 if they are granted approval.

David Crane, president and CEO of NRG, joined Cramer on his show; he said the lowest marginal cost alternative is coal, partly because the carbon emissions from coal are free. However, he believes nuclear power eventually will be the significantly cheaper way to create energy. The added bonus with nuclear, Crane added, is that there are zero air emissions related to nuclear power.

The chief executive said NRG has been moving faster than other companies to get approval for their nuclear reactors.

Commenting on other energy plays, he said wind power, though it works in a high gas-price environment, is reaching a saturation point. He also said wind turbines come from Europe, and the cost for them is now is "killing" companies.

Herbalife CEO Defends Company


(HLF) - Get Herbalife Nutrition Ltd. Report

reported a quarter that dreams are made of yesterday, but the stock is down on news that the company has been accused of conducting unethical business practices in China, Cramer said.

Also, the

Securities and Exchange Commission

is investigating the timing of securities trades made by a former employee.

However, in a TV interview with Cramer, CEO Michael Johnson said his company is confident that its business dealings in China have been OK. And if what they're doing is wrong, Johnson said they would fix it. "We're operating transparently," he said. "If the SEC is here nosing around, we're going to let people know about it."

Overseas, Johnson said, the company's nutrition club model has been "powerful." In Mexico and in the U.S., Herbalife is continuing to do well and in China, the company is growing through its direct sales model, he said.

Cramer said he doesn't believe the negative news is significant. "This is the way the game is played," he said. "You're going to get negative news."

Cramer said he believes in Johnson. If other people believe in Johnson as well then they should buy some Herbalife, he said.

Behind's Nastech's Big Slide

Nastech Pharmaceutical

( NSTK) was down nearly 40% today on news that its partnership with

Procter & Gamble

(PG) - Get Procter & Gamble Company (The) Report

on a nasal spray used to treat osteoporosis had been terminated.

Cramer called on CEO Dr. Steven Quay to make sense of this.

Quay said he received a notice of the termination. It was a timing issue, he said, and had to do with Nastech being unable to produce the amount of dosage Procter asked for.

When Cramer asked why anyone should be interested in the stock now, Quay said he believes Nastech has a lot of things going for it. The company, he said, is going to continue to do trials at higher doses. Also, Nastech expects to be in Phase II trials of its obesity and diabetes drugs by next year.

Although the stock was down $5 today, Cramer said panicking never made anyone a dime. "We have to wait and see."

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Lightning Round

Cramer was bullish on

Boston Beer

(SAM) - Get Boston Beer Company Inc. (The) Report


Research In Motion

( RIMM),





(DE) - Get Deere & Company Report





(BG) - Get Bunge Limited Report






(MOS) - Get Mosaic Company (The) Report





XTO Energy

( XTO),

Devon Energy

(DVN) - Get Devon Energy Corporation Report



(APA) - Get APA Corporation Report



(PRU) - Get Prudential Financial Inc. Report



(INTC) - Get Intel Corporation Report



(ATHN) - Get Athena Technology Acquisition Corp. Class A Report



(UNH) - Get UnitedHealth Group Incorporated (DE) Report


Cramer was bearish on

Delta Petroleum

( DPTR),

Excel Maritime Carriers




(MET) - Get MetLife Inc. Report





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

clicking here


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


At the time of publication, Cramer was long XTO Energy and UnitedHealth Group.

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.