Cramer's 'Mad Money' Recap: 1929 All Over Again? (Update 2)

Click here for an archive of Jim Cramer's Mad Money recaps. Click here to get Jim Cramer's Mad Money Post Game video exclusively on

NEW YORK ( TheStreet) -- "Days like this one are why we stay in the game," Jim Cramer told viewers of his "Mad Money" TV show Thursday.

But are the bull's days numbered? Are the markets about to take a nosedive? Cramer took aim at the naysayers and replied "absolutely not."

According to the latest round of fear and skepticism, the bears have drawn an eerie correlation between recent market action and that of 1929, where after the great crash, the markets rallied 46% in 147 days, a so-called "dead cat bounce," before sliding 85% over the next two years.

But Cramer called any correlation between now and 1929 "backwards logic." He said that in 1929, the worst was yet to come, while today, the worst is clearly already behind us.

Cramer Clearing House All things Cramer Mad Money Recap Trade With Cramer Free

Cramer said in today's markets, the banks have already failed and been resurrected. He said the same has occurred with the insurers, auto makers, and countless other industries.

In 1929, however, Cramer said there was no Federal Deposit Insurance Corp. to insure deposits, nor any social safety nets like Social Security. Back then, the Hoover administration was raising taxes and trying to balance the budget, while today the Federal Reserve is printing money as fast as it can, he said.

The bears say this rally is not for real. But Cramer argued that this 80-year-old coincidence in the chart of the Dow Jones Industrial Average is not a trading event. He said with most of the stimulus bill still not spent, it's hard to imagine things are not looking up in the future. "Only the fundamentals matter," he concluded.

Case for Natural Gas

When it comes to the state of renewable energy and energy independence in this country, Richard Kinder, chairman and CEO of Kinder Morgan Energy Partners ( KMP) said he's "fed up" with the path the country is taking.

He and Cramer discussed President Obama's energy agenda, which includes just about every source of clean energy, except natural gas.

Kinder said it's clear that natural gas is not on the agenda, and he has no idea why this clean-burning alternative to coal is not part of the plan. He said while wind and solar power account for just a fraction of one percent of the energy generated in the U.S., natural gas already has 25% of the market and a proven track record.

According to Kinder, reducing coal from 50% of the country's energy supply to just 35% would decrease overall carbon dioxide emissions by 10%.

Kinder said expanding natural gas production will create jobs and put people to work. He said that with natural gas reserves in Texas, Louisiana, Arkansas and even Pennsylvania, it would be easy to make gas available nationwide. He said natural gas can be moved safely and economically wherever its needed.

Both Cramer and Kinder agreed that natural gas is a tremendous natural resource and should be a part of the country's road toward energy independence.

-- Written by Scott Rutt in Washington

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

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.

For more of Cramer's insights during the Lightning Round, click here .
At the time of publication, Cramer was not long any stock.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of 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, 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 is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.

If you liked this article you might like

5 Auto Stocks to Buy After They Wrongly Crashed on Rising Interest Rate Fears

5 Auto Stocks to Buy After They Wrongly Crashed on Rising Interest Rate Fears

The Really Big Money Rushes to Super Bowl

The Really Big Money Rushes to Super Bowl

Sears CEO Was a Successful Investor Before the Chain's Woes Consumed Him

Sears CEO Was a Successful Investor Before the Chain's Woes Consumed Him

Good Reasons for Stocks to Soar: Cramer's 'Mad Money' Recap (Tuesday 12/2/18)

Good Reasons for Stocks to Soar: Cramer's 'Mad Money' Recap (Tuesday 12/2/18)