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

In the past, the group that was usually sacrificed during a selloff was tech because it was too risky to hold on to, Jim Cramer said on his "Mad Money" TV show Thursday.

"Today the reverse is true."

Just look at

Intel

(INTC) - Get Report

,

Texas Instruments

(TXN) - Get Report

,

Cisco Systems

(CSCO) - Get Report

and

Microsoft

(MSFT) - Get Report

as proof, Cramer said.

In the old days, these stocks were the least secure, but now they have so much cash that not only do they

not

need to borrow, but they also have the potential to make big buybacks, he said.

Plus, historically these stocks have outperformed in the fourth quarter of the year.

Out of the tech stocks, Cramer said he's been close to Intel for years. In fact, in the 1990s he was a self-proclaimed "Intel-aholic," after which he fell off the wagon. But now he's back on and believes that people should consider buying this stock.

"You want Intel now," Cramer said, because August has historically been the bottom for the tech cycle. It's cheap and flushed with cash, and its growth rate is accelerating, he said.

And not only is it cheaper than

Advanced Micro Devices

(AMD) - Get Report

, but it's also the "much stronger part of the duopoly," Cramer said.

Tech is "safe and seasonably right," and Intel is the tech stock to buy, he said.

Rave On!

A lot of people said Jim Cramer's Friday rant on

CNBC's

"Stop Trading!" was too over the top.

However, after taking a look at the chaos in the market Thursday, Cramer believes that maybe he was the "most responsible guy out there." Bonds that should sell at 80 cents on the dollar are selling at 20 cents on the dollar, he said. They're not well rated, and there's not a buyer in sight.

Cramer said he wants

Federal Reserve

Chairman Ben Bernanke to go to a bond desk. Then maybe he'll understand how difficult the situation is. "Bond traders are afraid," he said. "AAA-rated mortgage bonds are trading horribly or not at all." These are good pieces of paper, yet they've been marked down, Cramer said.

Image placeholder title

In the midst of all this, how is the Fed worried about inflation? Cramer asked. This is as deflationary as Cramer said he's recently seen. He's been begging the Fed to cut rates to help alleviate the credit crunch, and while the Europeans, it seems, have heard him loud and clear, Bernanke has not.

"My rant was the rant heard around the world," Cramer said, and Europeans share his concern over the mortgage meltdown ripple effect. "The only one who hasn't heard it is Chairman Bernanke himself," he said.

Last week, Cramer told viewers that the market's short-term direction would be determined by the Mad Money Madness Index. He's since been using this group of stocks to measure the stress points in the system.

If market players owned any of the stocks from the Index and haven't sold them yet, they are being greedy. Sell

MGIC

(MTG) - Get Report

,

MBIA

(MBI) - Get Report

,

KB Home

(KBH) - Get Report

,

Blackstone

(BX) - Get Report

,

Centex

(CTX)

,

Beazer Homes

(BZH) - Get Report

and

Washington Mutual

(WM) - Get Report

, he advised.

"Greed is not good," Cramer said. "The market makes you pay for it."

Flashy SanDisk

If there are a couple of days when the market isn't "horrible," then

SanDisk

(SNDK)

should run, Cramer told viewers.

After all, flash memory could be in a position to overtake traditional disk drives, and

Apple

(AAPL) - Get Report

has been using a lot of flash, he pointed out.

Cramer said he likes it here for a couple of reasons. First, the Flash Memory Summit finished up today in California. The conference, he said, included the presence of such companies as Intel and

Dell

(DELL) - Get Report

, both of which are optimistic about flash memory.

Plus, at the conference, Chairman and CEO Dr. Eli Harari said things are great. This, Cramer said, reminds him of how Cisco CEO John Chambers said it was a very exciting time for his company.

It's Dr. Harari's way of saying the company is going to have a great quarter, he said.

Cramer welcomed the CEO to the show, where he said that "the industry is definitely in a very exciting time." Flash is everywhere you look, he said. During the last six quarters, the price of flash has come down significantly, which has had a positive impact on the acceleration of the market.

"There's no question that flash memory today is the fastest-growing market within the semiconductor market," Dr. Harari said. "And I do not see it ending anytime soon."SanDisk was up $1.18 Thursday to $56.46.

To view Cramer's interview with Eli Harari, please click here.

Lightning Round

Cramer was bullish on

Corning

(GLW) - Get Report

,

Microsoft

(MSFT) - Get Report

,

Oracle

(ORCL) - Get Report

,

Campbell Soup

(CPB) - Get Report

,

Invitrogen

(IVGN)

,

Nastech Pharmaceutical

(NSTK)

,

Schlumberger

(SLB) - Get Report

,

Cameron International

(CAM)

,

Expeditors International

(EXPD) - Get Report

,

Allegheny Tech

(ATI) - Get Report

,

Progressive

(PGR) - Get Report

,

Prudential Financial

(PRU) - Get Report

,

MetLife

(MET) - Get Report

and

AllState

(ALL) - Get Report

.

Cramer was bearish on

CommScope

(CTV) - Get Report

,

Southern Copper

(PCU)

,

Coach

(COH)

,

Tribune

(TRB)

and

Titanium Metals

(TIE)

.

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

.

Pop Quiz! Are you a loyal "Mad Money" viewer? Take TheStreet.com's latest "Mad Money" culture quiz to see how much of the show you've caught this week or just to immerse yourself in Cramer's nonfinancial madness.

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

clicking here

.

At the time of publication, Cramer was long Corning.

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.