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Although you wouldn't know it from watching TV, the terror plot and its foiling is actually good news for the stock market, Jim Cramer told viewers of his "Mad Money" TV show Thursday.

The mentality of Wall Street that many people don't understand is that "we expect terrorism," Cramer said. If you bought a security stock today and sold an airline, you don't get it.

"You know this stuff doesn't come as a surprise to people on the Street," he said. "We believe that terrorists will strike again."

So while every money manager expects more attacks, it's a good thing and time for celebration when the authorities stop them, Cramer said.

Many market players have no faith in people handling our security, but today we have a reason to believe otherwise, and that's why the market went up, he said.

You cannot make money in security stocks unless you were in them before today. Today, you should sell antiterrorist stocks because they are now way too expensive, and it doesn't make sense to buy them, Cramer said.

If people want to go into security stocks, he suggested looking at

Essex

(KEYW) - Get Report

,

Varian

(VAR) - Get Report

and

L-3

(LLL) - Get Report

.

These three can be bought on a pullback because unlike other stocks in their group, these are cheap, Cramer said.

Selling airlines makes sense, not because of today's news, but because cyclicals are down today, he said. Terror threats are a convenient excuse to take some profits and sell airlines, he added.

Cramer believes people should still want to own

defensive

stocks, including cereals soups, soap, beverages, food and drugs, not

defense

stocks.

Because the airlines are restricting carry-on luggage, this might mean companies like

Procter & Gamble

(PG) - Get Report

or

Johnson & Johnson

(JNJ) - Get Report

could start selling their products in flight, Cramer said. If this happens, it could mean big money for these two stocks.

The fact that oil stocks went down today is "stupid and wrong," he said. If people bought

Exxon Mobil

(XOM) - Get Report

on weakness, they are up, he said.

Not Staying in Vegas

There's a lot of money to be made in the casino stocks, but the action is not in Las Vegas, Cramer told his viewers.

There are two strong gaming trends that could cause stocks in this sector to move higher, but both are geographical and are working against Vegas, he said.

The first trend is that there has been a tremendous growth of casinos in Southeast Asia -- in Macau and Singapore -- and the second trend is the increasing morality and financial poverty of the U.S., he said.

Las Vegas has been working for the last two to three years, but now people are feeling a lot less rich in America, and that's why Vegas exposure is going to hurt market players, Cramer said.

There is more opportunity outside the U.S. in places like Macau, where the average table takes in seven times the revenue than the average table in Vegas, he said.

The best of breed here is

Las Vegas Sands

(LVS) - Get Report

, which was the first U.S. casino operator to build a casino in Macau and recently won the bid to build a casino in Singapore, he said.

Las Vegas Sands is the best high-growth play in Southeast Asia, but if people want a less aggressive play, Cramer suggested taking look at

MGM Mirage

(MGM) - Get Report

or

Harrah's Entertainment

( HET).

While both have substantial Vegas exposure, they are also getting into Macau, he said.

Another casino that could make you money in this region is

Wynn

(WYNN) - Get Report

, Cramer said. Although he doesn't believe Wynn is a great company, there is some opportunity there that has been overlooked.

On Sept. 5, Wynn will open a new casino in Macau, but what many people in the market are ignoring is that this new casino has a second phase opening in 2007.

Once the Street realizes this, Wynn's price could go higher, Cramer said.

Philly Guys

Cramer welcomed entrepreneur/author/motivational speaker Pat Croce, who has recently partnered with Donald Trump to build a slot-machine parlor in Philadelphia.

Croce also has a Pirate Soul Museum and a Rum Barrel restaurant in Key West, Fla.

As for stocks, Croce said he likes

NutriSystem

(NTRI) - Get Report

and believes it could have a comeback.

He also said he loves

Comcast

(CMCSA) - Get Report

and is surprised it is in the low $30s.

Cramer told viewers to watch

Trump Entertainment

( TRMP). If they get the slot-parlor deal, it's going to go up $10, he said.

To view Cramer's interview with Pat Croce, please click here.

Mail It in

In the "Mad Mail" segment of the show, Cramer replied to one letter that said he was mixed on

Ingersoll Rand

(IR) - Get Report

, which he owns for his charitable trust,

Action Alerts PLUS.

Cramer praised IR's sizeable buyback, and said the company's fundamentals are good and it sells at a fraction of its growth rate. But he allowed that the writer is right when he says we shouldn't try to resist the

Fed

cycle.

Another mailer said that since Cramer said he liked

St. Jude

(STJ)

at $32 and said it would go to $38, it did reach that level for a day but now is back at $33.

Cramer said the writer should have cashed out when the stock hit $38, but said that you shouldn't get hurt at $33 because it should go higher.

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Lightning Round

Cramer was bullish on

Wheeling-Pittsburgh

( WPSC),

Oregon Steel

( OS),

Devon Energy

(DVN) - Get Report

,

Qualcomm

(QCOM) - Get Report

,

TD Ameritrade

(AMTD) - Get Report

,

Wausau Paper

(WPP) - Get Report

,

BHP Billiton

(BHP) - Get Report

,

Qwest

(Q)

,

Cisco

(CSCO) - Get Report

,

Valero

(VLO) - Get Report

and

J.C. Penney

(JCP) - Get Report

.

Cramer was bearish on

IBM

(IBM) - Get Report

,

JDSU

(JDSU)

,

UTStarcom

(UTSI) - Get Report

,

International Paper

(IP) - Get Report

,

Witness Systems

( WITS),

PetSmart

(PETM)

,

Petrohawk Energy

(HAWK)

,

Zumiez

(ZUMZ) - Get Report

,

Armor Holdings

(AH)

,

Constellation Brands

(STZ) - Get Report

and

Juniper Networks

(JNPR) - Get Report

.

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

.

In the "Sudden Death" round, Cramer was bullish on

Capital One Financial

(COF) - Get Report

and

World Wrestling Entertainment

(WWE) - Get Report

.

He was bearish on

NYSE Group

(NYX)

,

Perrigo

(PRGO) - Get Report

and

Cooper Tire & Rubber

(CTB) - Get Report

.

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

clicking here

At the time of publication, Cramer was long Devon Energy, Ingersoll Rand and Qualcomm.

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.