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While market skepticism is thick, Cramer told viewers of his "Mad Money" TV show Friday that there are 10 things that are actually going right at the moment.

Cramer said today's market resilience in the face of the horrible unemployment numbers means something. Here's what he thinks is working.

First, the Federal Reserve is finally on board and is committed to making things better by any means necessary.

Second, while the U.S. stimulus plan may be faltering, the stimulus plans in other countries plans are breathing hope where there wasn't any before.

Third, Cramer likes the strength in commodities like copper and oil, both of which appear to be bottoming.

Fourth, China is on fire, with its stock markets up 20% for the year. Fifth, Cisco ( CSCO) and State Street ( STT), ended up higher today despite reporting bad news.

Fifth, Wal-Mart ( WMT), showed in its latest sales results that the American consumer is alive, well and still spending.

Seventh, home sales are booming in some of the hardest hit markets, he said.

Cramer: Top Two Financials

Eighth, hedge funds are finally done selling, relieving the selling pressure from the markets.

Ninth, the market finally has some leadership, with stocks like Apple ( AAPL), Amazon ( AMZN), Google ( GOOG) and Research In Motion ( RIMM) all taking the Nasdaq higher.

Finally, even the transports seem to have bottomed, with UPS ( UPS) reporting that its outlook may not be as bad as expected.

Cramer said that although the market might not yet be in the land of the bull, a lot of the bad news is definitely behind us.

Difficult to Resist

Cramer said investors looking to speculate on a beaten down natural gas company should consider GMX Resources ( GMXR), a stock that stumped him earlier in the week.

Stockpickr

Cramer said the thing to look for in a speculative gas play is where it trades compared to its net asset value. In the case of GMX Resources, the company's net asset value is between $20 to $57 a share, but it's trading at the low end of the range at $23.84.

GMX has proven reserves of between $60 to $85 a share, making the company worth more dead than alive. But Cramer said this only makes GMX more attractive to other gas companies, which may consider buying it. He said GMX trades at speculative and value levels investors can't resist.

Cramer said the company's $206 million in debt is worrisome, but with the company planning to increase production by 98% in 2009, he expects the rewards to outweigh the risks.

Delivering the Goods

Cramer talked with Murray Martin, chairman, president and CEO of Pitney Bowes ( PBI), about the company's outlook and its shareholder friendly culture.

BankingMyWay

Martin said Pitney Bowes, which sells mailing services, delivers value to its customers and shareholders, which is why the company has a 27-year history of dividend increases and buybacks to enhance shareholder value.

Martin said he doesn't expect a secular decline in the company's revenue, but instead predicted 2% to 4% organic growth in 2009. He said while one-fourth of the company's revenues come from the troubled financial services sector, many of those customers have large installations that will renew their software eventually. Martin called monies from the financial sector as deferred and not lost.

Asked about the company's image, Martin said Pitney Bowes does a lot more than just mail metering. He said the company invest 11% of its sales in R&D and is constantly expanding its software and mail service offerings.

Cramer said Pitney Bowes is exactly what investors should be looking for: a company committed to making them money.

Lightning Round

In the Lightning Round, Cramer was bullish on Southern Peru Copper ( PCU), Dollar Tree ( DLTR), Family Dollar Stores ( FDO), United Parcel Service ( UPS), Southern Co ( SO), Patriot Coal ( PCX), Peabody Energy ( BTU) and Corning ( GLW).

He was bearish on Wyndham Worldwide ( WYN), Johnson Controls ( JCI), Fedex ( FDX) and EMC ( EMC).

Check out the latest edition of "Cramer's Take on Top-Searched Stocks" on Stockpickr.

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Read more of Cramer's Mad Money Lightning Round insights.

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At the time of publication, Cramer was not long on any stock.

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."

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