People need to know where to look for a bull market, Jim Cramer told viewers of his "Mad Money" TV show Monday. Right now, the place to be is in food, drug or telecom stocks, he said. Even though the current subprime loan problem looks pretty bad, every time there has been a crisis in the market, the Fed has cut rates, Cramer said. A crisis, he said, gets the Fed's attention and causes it to "slice and dice" rates, which in turn takes stocks higher. If people get "spooked out," they will miss the "Fed rate-cut nirvana," he warned, urging investors to take a longer-term view. All markets around the world are not linked, even though they may act like it, he said. Japan is down "big" because the yen has gotten too strong against other currencies. But contrary to popular belief, "this is not bad for American companies," Cramer said. "Their pain is our gain."