Click here for an archive of Jim Cramer's Mad Money recaps. Click here to get Jim Cramer's Mad Money Post Game video exclusively on

"What's wrong with this market," Jim Cramer asked the viewers of his "Mad Money" TV show Thursday.

It seems it can't make up its mind," he said. He attributed that indecision to investors wanting to have their cake, and eat it too.

Cramer said investors are reliving the fairy tale Goldilocks, looking for that perfect porridge that's not too hot, nor too cold. They want lower unemployment, but not too much, and stronger production, but in moderation.

Cramer said investors want things to be getting better, but not too fast so that the

Federal Reserve

and Treasury stop pumping money into the system.

The problem with Goldilocks, said Cramer, is that it's impossible to have it both ways. He said there is no perfect recovery or ideal mix of news and economic numbers to make every investor feel warm and fuzzy inside.

Image placeholder title

There is an answer however, said Cramer, and that's lower prices.

Cramer said lower prices make everyone feel better, and presently the market is still too pricey. HE said he likes


(CAT) - Get Report

at $24 a share, but not at $34 a share. He likes


(NUE) - Get Report

at $40, not at $47.

Cramer said things won't get better until they're cheaper. High prices, he said, just multiply the contradictions.

Smartphone Boom

Cramer spoke with Bob Bruggeworth, CEO of chipmaker

RF Micro Devices


, to see if the smartphone revolution is as important as Cramer predicted.

Bruggeworth concurred with Cramer, saying that RF Micro began preparing for the adoption of smartphones years ago. He said that investors can't gauge the trend based on a single company, but rather need to look at the strength brewing in all of the major players.

Bruggeworth said demand is incredibly strong in China, and will continue as third generation, or 3G, services continue being deployed. He said that Cramer's estimate of 1 billion devices being sold over the next two to three years is very feasible.

Turning to RF Micro specifically, Bruggeworth said his company was able to weather the downturn by cutting costs and streamlining their supply chain. The company now has $85 million in cash.

Cramer continued to pound the table on his smartphone theory, calling it a transformational technology on the order of personal computers and the Internet.

Sell Block

In the Thursday "Sell Block" segment, Cramer said he's changing his mind on seed maker



and now thinks it's time to sell the agriculture giant.

Cramer said on the surface, the seed business seems like a good place to be, which is why he's been bullish on Monsanto. But after consulting two highly regarded market technicians, Cramer said his outlook may be too rosy.

According to one technician, the $82 stock of Monsanto could be headed to $70 a share. Her thesis was that the company sold off on high volume, but rallied back on much lighter volume. She also felt the stock was displaying a classic "head- and-shoulders" top and was poised for decline.

Cramer said the other technician felt the entire rise in commodities is false, and felt that Monsanto could get cut in half as numbers return to reality for the sector.

Cramer said that after



announced further production cuts at its operation, he was forced to see the other side and admit that Monsanto is just too risky to recommend.

Mad Mail

Cramer told a viewer that

Marathon Oil

(MRO) - Get Report

would be a better choice than


(SUN) - Get Report

, which is just a refiner.

Cramer told another viewer that his trade on

Radio Shack


didn't work and it's time to sell. He also recommended picking up some

China Unicom

(CHU) - Get Report

on the heels of the iPhone's debut in China.

Cramer told a final viewer that Brazilian aerospace company


(ERJ) - Get Report

is a great way to play the upcoming aerospace cycle.

Lightning Round

Cramer was bullish on

Johnson & Johnson

(JNJ) - Get Report


Lockheed Martin

(LMT) - Get Report


Northrop Grumman

(NOC) - Get Report


PNC Financial Services

(PNC) - Get Report






(CELG) - Get Report


He was bearish on

Granite Construction

(GVA) - Get Report


L-3 Communications

(LLL) - Get Report


Tenet Healthcare

(THC) - Get Report


Elan Corp



Check out the latest edition of

"Cramer's Take onTop-Searched Stocks" on Stockpickr.

Image placeholder title

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 not long any stock.

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.