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"It pays to expect good things to happen," Jim Cramer said on his "Mad Money" TV show Friday. Calling it "a great day for the market," Cramer told viewers that "suddenly the rules of this game have changed."

Claiming ownership of the "


rate story from two weeks ago," Cramer said that his "heart-felt plea" from "Stop Trading!" was heard loud and clear. In turn, the Federal Reserve pulled "a 180," slashing its discount rate by 50 basis points to 5.75%.

This delighted Cramer, who said that the Fed's action ensures available cash for troubled banks.

Reflecting on a pick from Thursday, Cramer pointed out the continued success of

Wells Fargo

(WFC) - Get Wells Fargo & Company Report

. However, he apologized for not giving viewers enough notice to buy in for great profits.

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Cramer said that with the actions of the Fed, investors are "now playing offense." But they must remember that they are now undergoing a change "in psychology, not fundamentals."

Ultimately Cramer believes that analysts will be urging investors to "buy, buy, buy" after the weekend.

Cut-Rate Buys

"If the rate cut really helped, where was that 500 point rally?" Cramer asked his viewers. But more optimistically, he believes that today's strong market "averted a 1,000-point decline" that would have taken place "over the course of today and Monday."

Cramer gave credit to Fed Chairman Bernanke for restoring confidence in the market. However, Cramer believes that the market will need some time to adjust to the news of the interest rate discount.

The "fear will dissipate over time," he said.

Telling investors to "forget that the market was up today," Cramer explained that most hedge funds are still in "sell mode." This is because of a rush to "pay off the investor masses."

Cramer believes that what happened to Japan's Nikkei 225 on Friday -- a 5.4% plummet -- could happen here as well. But he said that "most of the bad stuff is behind us."

Though the financial stocks were troubled earlier in the week, Cramer sees the Fed's action as helping "relieve some of the stress from credit concerns" for struggling financial companies.

Cramer viewed the Fed-cut injection of nearly $120 billion in liquidity into the banking system as a move that saved

Thornburg Mortgage



Countrywide Financial


-- two companies that were "within days of failing."

He called

Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. (GS) Report


Lehman Brothers Holdings


buys that will benefit from said federal relief. Cramer owns Goldman for his charitable trust,

Action Alerts PLUS.

Game Plan

In his "Game Plan" segment, Cramer said that Friday's events showed that the Fed flinched and Bernanke blinked. Altogether, this calls for investors to start working on their "Post-Bernanke Enlightenment Game Plan."

Reminding viewers that "no one ever made a dime panicking," Cramer said there was no reason to sell out of the market. Instead, the question is "where to start," because there are "so many great buying opportunities."

With acquisitions abounding, he told investors to keep an eye on the "cheap buy-ins." But with "broken companies" out there, "not everything's a buy."

The first stock he recommended was

Sears Holding


, which he owns for his charitable trust. Cramer is a fan not only of the company's management but also of its liquidity. Simply put, Cramer said, Sears has "lots of cash."

Cramer said there were plenty of opportunities in the financial spectrum in addition to Goldman and Lehman, including

Bear Stearns



Downey Financial

(DSL) - Get DoubleLine Income Solutions Fund Report


Washington Mutual

(WM) - Get Waste Management, Inc. Report


Cramer also repeated his interest in Thornburg and Countrywide, stating that their recent woes could lead to "takeover bids."

Talking about the hurricane season along with general industry stability, Cramer talked up companies related to home-building. He liked Centex


, because it could see a "short squeeze," as well as


TheStreet Recommends

(SLB) - Get Schlumberger NV Report



(HAL) - Get Halliburton Company (HAL) Report

, because oil and gas are "total smoke shows."

Cramer believes that

NYSE Euronext


, which he owns for his charitable trust, could "finally get the credit it deserves," because its estimates are "way too low" despite the "large volume" as of late.

Cramer said that it was time to "pull the trigger" and buy in.

All of these stocks, Cramer said, are ones that investors can "buy high and sell higher." Because the stocks "work short-term," Cramer urged investors to "wait five days" to buy in if they have already "spiked" Monday -- and not to let "this rate cut go to waste."

Mad Mail

In his "Mad Mail" segment, Cramer's first message noted that "Uncle Ben" Bernanke had finally "seen the light" and that the economy "may turn around," thanks to Cramer's continued awareness. Cramer thanked the viewer for his praise but admitted that it was unlikely that Bernanke or anyone at the Fed had seen his video rant.

The second email praised Cramer for being "determined to help people." Cramer thanked the viewer for the note, saying that he was "just trying to do as good of a job" as he could. Cramer added that he was thrilled that things have turned around.

Lightning Round

Cramer was bullish on


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



(UBS) - Get UBS Group AG Report



(CAT) - Get Caterpillar Inc. Report


The Travelers

(TRV) - Get Travelers Companies, Inc. Report



(IR) - Get Ingersoll-Rand Plc (IR) Report



(AME) - Get AMETEK, Inc. Report


American International Group

(AIG) - Get American International Group, Inc. Report


Goodyear Tire

(GT) - Get Goodyear Tire & Rubber Company Report


US Bancorp

(USB) - Get U.S. Bancorp Report


Cramer was bearish on

Dynamic Materials

(BOOM) - Get DMC Global Inc. Report


Life Partners

(LPHI) - Get Life Partners Holdings, Inc. Report


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


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 AIG, Sears Holdings, NYSE Euronext and Caterpillar.

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.