Editor's note: Jim Cramer will present his 2009 stock outlook for the first time at TheStreet.com Investment Conference on Saturday, Oct. 25. Limited seating. Act now.

Updated from 6:58 a.m. EDT

Jim Cramer has taken a lot of heat in the media for his call last week on NBC's "Today Show" to sell stocks if you need the money in the next five years. Some called his comments "irresponsible" and "wreckless."

But Cramer's right on the money. The market fell 18% from his call to get out. Cramer isn't new to the stock market or Wall Street. He has been in the game for a long time, and he has the battle scars of running a successful hedge fund to prove it.

Don't miss Cramer's next call, and make your own judgment. Those who ignored last week's call and listened to the mainstream media's criticism now know what the "house of pain" feels like.

Recently, Cramer found opportunity in dividend-paying stocks, such as Coca-Cola ( KO); stocks hit by hedge fund redemptions, such as KBR ( KBR); and cheap industrial stocks, including Ingersoll-Rand ( IR). 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 read more, visit Stockpickr.com.

(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Altria for his Action Alerts PLUS charitable trust.)

At the time of publication, Altucher and/or his fund was long Eaton, 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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