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"The financials of the financial stocks cannot be trusted," Jim Cramer warned viewers of his "Mad Money" TV show Monday.

Cramer made his comments in the aftermath of what he described as the "sweet-heart" deal


(JPM) - Get JPMorgan Chase & Co. (JPM) Report

got from the


to buy

Bear Stearns

( BSC).

The Fed's actions led Cramer to urge investors to stay clear of the all of the financial stocks, with the lone exception of JPMorgan.

In his analysis of the Bear deal, Cramer said those with money invested at Bear are not in jeopardy of losing their accounts while those who invested in the company will likely see their investments vanish as the common stock drifts towards zero.

"You can't count on takeovers anymore," Cramer said, "there will only be take-unders from here on out."

According to Cramer, any financial company that has lent a lot of money to hedge funds is in jeopardy because its book value will fall as a result of the fire sale of Bear whose book value dramatically fell over the weekend to a stunning $2 a share.

"Until we hear otherwise," Cramer said, "consider all of the banks' book values to be lies." "These companies will likely be saved, but the pattern will be to have their equities wiped out."

On a side note, Cramer remained bullish on the coming IPO of Visa, stating that with the financials in such turmoil, the Visa IPO will likely be priced below its true value, offering investors a rare opportunity to post a gain.

"Visa is a financial with absolutely no credit risk," he said.

In Apple I Trust

"After this selloff," Cramer told viewers, "investors should pick amongst the rubble for the real banks."

The real banks, he said, are not banks at all but rather recession-proof companies that are flush with cash.

Cramer recommended companies in the "real" economy such as those that manufacture products. These companies, which all benefit from a weak dollar, include

Procter & Gamble

(PG) - Get Procter & Gamble Company Report



(CL) - Get Colgate-Palmolive Company Report



(PEP) - Get PepsiCo, Inc. Report


Cramer also recommended strong companies in the tech sector, such as


(CSCO) - Get Cisco Systems, Inc. Report



(INTC) - Get Intel Corporation (INTC) Report



(AAPL) - Get Apple Inc. (AAPL) Report


"All of these companies also have strong balance sheets," said Cramer.

He also reiterated buys in the agriculture sector, such as


(CAT) - Get Caterpillar Inc. Report

. And he also likes


(MMM) - Get 3M Company Report



(HON) - Get Honeywell International Inc. (HON) Report



(XOM) - Get Exxon Mobil Corporation Report


Going Strong

Cramer welcomed Michael Ward, President, chairman and CEO of

CSX Corp

(CSX) - Get CSX Corporation Report

TheStreet Recommends

, back to the show to discuss the company's outlook. Earlier today, CSX raised its guidance for 2008, beating Wall Street's consensus estimates by 7 cents to 10 cents a share.

Ward explained that his company is performing well, shipping a mixed bag of products ranging from coal, grain and fertilizer to metals, chemicals and ethanol.

He also noted that competing trucking companies are being challenged by both higher fuel costs and a shortage of labor that is giving railroads the upper hand in the current economy.

A long-time supporter of CSX, Cramer first recommended it on Nov. 16, 2007, at $43 a share, then again on Jan. 24 at $46 a share. Both of those recommendations are up, by 18.6% and 9.6%, respectively.

Cramer recommended the stock again tonight, citing both the company's strong performance and its $2.4 billion stock repurchase program as strong catalysts in its favor.

Doing Well Even in Real Estate

Cramer also welcomed Peter McCausland, chairman and CEO of



, to the show.

McCausland said his company continues to do well and sees no signs of recession. He said the company is doing well even in the residential construction market, which, while down from its highs, is mirroring levels seen in 2006.

Cramer touted Airgas as just another example of his "two-economy" thesis, stating that here was another example of a strong company with a safe dividend that's buying back stock.

He continued to recommend the stock as a member of the "real" economy.

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Lightning Round

In the Lightning Round, Cramer was bullish on

Yamana Gold

(AUY) - Get Yamana Gold Inc. Report



(COP) - Get ConocoPhillips Report



(ANDE) - Get Andersons, Inc. Report


Medco Health



CVS Caremark

(CVS) - Get CVS Health Corporation Report



(FRO) - Get Frontline Ltd. Report


Cramer was bearish on

Interactive Brokers

(IBKR) - Get Interactive Brokers Group, Inc. Class A Report



(ABC) - Get AmerisourceBergen Corporation Report


(BIDU) - Get Baidu, Inc. Sponsored ADR Class A Report


Scientific Games

(SGMS) - Get Scientific Games Corporation Report


NYSE Group



Want more Cramer? Check out Jim's rules and commandments for investing by

clicking here


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


At the time of publication, Cramer was long ConocoPhillips.

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.