Updated from 6:57 a.m. EDT

Jim Cramer says that without the passing of Treasury Secretary Henry Paulson's bailout plan, the market could be in for some serious trouble. He even made the dire prediction that if the plan isn't passed, the Dow could fall under 8400 in a worst-case scenario.

Cramer doesn't want to see that happen. And he is smart enough and experienced enough to know that when the market is facing too many headwinds, it's best to remain on the sidelines or get defensive.

Cramer will find the bull market that comes out of this uncertain stock market environment. Just make sure you're paying attention so you can know not only where that bull market is but also how to profit from it.

Recently, Cramer found opportunity in stocks that will win if the bailout plan is passed, such as Goldman Sachs ( GS); stocks linked to hedge funds, such as BP ( BP); and stocks to avoid due to Boeing's ( BA) labor dispute. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on CNBC and his RealMoney blog posts (these blog post links require a RealMoney subscription).

To find out what Cramer's been recommending, visit Stockpickr.com.

(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Goldman Sachs and National Oilwell Varco 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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