All eyes were on the Fed this week, and on Tuesday the central bank finally did what Jim Cramer had been calling for over the last few months. Cramer believes things are now better.

In a RealMoney blog post that day, Cramer said, "We can't sell a lot of homes -- despite the fire sales -- and we need the fixed-income world to get back to earth. We need people to lend. We need people to feel better. And now they will." This is not good news for the bears. Stocks are back in favor and Cramer pointed out several areas to explore this past week.

Here are some Cramer highlights from the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on CNBC and his RealMoney blog posts.

Cramer's Bernanke Celebration Portfolio: On Tuesday's "Mad Money" show Cramer said he believes that day's 50-basis-point rate cut is likely the first of several cuts. Because he expects three more cuts, Cramer says it's stock-buying time. Cramer's Bernanke Celebration Portfolio includes Wachovia ( WB) and Deere ( DE).

Cramer's 5 Plays: Cramer was super excited about all that was happening this past week. In a Sept. 17 blog post, he wrote: "If it weren't enough to have big broker earnings and a Fed meeting and a ton of macro data, it is expiration week. That means we are going to see some stocks pinned higher and lower. Let me give you some interesting plays along these lines to use near-term calls as proxies." Cramer's 5 Plays could still be in play. They include Procter & Gamble ( PG) and Altria ( MO).

Cramer's Random Picks: On his "Mad Money" shows this week, Cramer offered us insight into a number of different plays he liked for a variety of reasons. These Random Picks include several stocks in different sectors, including Grant Prideco ( GRP) and AT&T ( T).

Cramer's Rate Cut Stocks: On Wednesday's "Mad Money" show and in a blog post that day, Cramer told us not to think we'd missed out if we didn't have money in Tuesday's Fed-driven rally. Investors should be thinking longer term. Compared to what is yet to come, yesterday was nothing. Cramer urged us, "now is the time to buy." The cut had a measurable impact. Automakers can now offer better financing, homeowners can refinance mortgages and consumers will be willing to spend more and this will impact retailers. The economy still has issues -- high oil prices, the weak dollar and inflation. Making money is the key and there is money to be made. These Cramer's Rate Cut Stocks include Verizon ( VZ) and Consolidated Edison ( ED).

Cramer's Prescription Stock Plays: In another segment on Tuesday's show, Cramer pointed out that a mandate for medical prescriptions has quietly made its way into the Iraq spending bill and this could mean business for a few companies. This would make it illegal for nonelectric prescriptions to be written on anything but tamper-resistant paper. The reason for this is theoretically the move will reduce medical expenses and save money on overbilling with more electronic prescriptions. Cramer's Prescription Stock Plays include Allscripts Healthcare Solutions ( MDRX).

Cramer's Back-On-Board Plays: In a Sept. 19 blog post, Cramer told us to get back on board. "Do you know the last time we had up/down volume like we had Tuesday was in August 1982? That's right: Talk about a moment when you wanted to get long. Or how about 1990, once the Fed knew the extent of the problems? You are up more than 10,000 points from that moment. Or how about 1998, when we got an emergency ease? The Nasdaq 100 rallied 110% straight out. These are dauntingly great moments." Cramer's Back-On-Board Plays include Goldman Sachs ( GS), Macy's ( M) and Target ( TGT).

(Editor's note: At the time of original publication of his posts and shows, Cramer owned Altria and Goldman Sachs for his Action Alerts PLUS charitable trust.)
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for The Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

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