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NEW YORK ( TheStreet) -- "If you've got a chance to make some money in the market, take it," Jim Cramer told the viewers of his "Mad Money" TV show Thursday as he reflected on a huge up day on Wall Street.

He told investors not to worry about if this rally is sustainable in the future, but rather how they can profit from it today.

Cramer said the Federal Reserve's actions are designed to ignite confidence in the markets. He said they will result in more money coming into the market and thus take stocks higher.

He said the Fed's moves will also trigger buying in the commodities and make the dollar more competitive overseas, all of which leads to profits to be made in the short term.

Cramer likened the current market action to that in Japan in the 1980s, or that of the technology stocks in the 1990s. Yes, both of those moves eventually came to an end, he said, but in the interim fortunes were made.

Cramer said eventually it will be time to take the "money and run," but that time isn't today. He said investors meed to stay flexible, and know when there's still money left on the table and when they've made enough and realize it's time to move on. Cramer's bottom line: "Save the opining for later; there's money to be made."

Misunderstood by Market

In the "Executive Decision" segment, Cramer sat down with Bill Marth, North American President and CEO of Teva Pharmaceuticals ( TEVA), a stock which Cramer owns for his charitable trust, Action Alerts PLUS , and one which he said is misunderstood by the markets.

Marth joked with Cramer that the stock market is indeed difficult to understand, which is why Teva sticks with pharmaceuticals. He said that Teva is a solid company with solid gross margins and $100 billion worth of innovator value. The company plans to launch 25 new drugs in 2011, which will add an additional $12 to $13 billion in innovator value.

Marth explained that Copaxone, one of the company's flagship drugs, is in the middle of a patent lawsuit, but even if the company loses that suit, Copaxone is a difficult product to replicate without a new set of clinical trials which would greatly delay the launch of any competing products. He said that many investors also think of Copaxone as a one product venture, but that's not the case.

Marth also discounted any impact of competing oral therapy drugs to Copaxone by saying that Teva is working on their own oral therapies which will be available shortly.

Cramer continued his support for Teva, saying that the company has a consistent record of delivering on its promises.

Sell Block

Cramer reminded viewers on the importance of following rules, including the need to sell stocks that receive takeover bids.

Cramer said that once a takeover is announced, the upside in a stock is capped and investors must sell. In the case of Airgas ( ARG), Cramer made an exception on Feb. 5 and told investors to hold on for a higher bid. In this rare case, breaking the rules worked, and the stock of Airgas climbed an additional 13%. Cramer said it's now time to sell.

Breaking the rules doesn't always work however, as Cramer noted with Potash ( POT), a stock he also advised holding onto after the company received a bid on Aug 17. In this case, the deal was blocked by the Canadian government, sending shares lower.

Cramer said discipline always trumps conviction when it comes to takeovers. He then recommended selling Art Technology ( ARTG), a stock he recommended on Jan. 29 and CommScope ( CTV), a stock he recommended on June 22. Both stocks have received takeover bids and are up handedly.

Cramer concluded by illustrating his point with Fortinet ( FTNT), a stock that recently rallied 145% on the rumor of a takeover from IBM ( IBM). When Fortinet denied the rumor, the stock plummeted. "Always sell on a takeover, even if it's a rumor," said Cramer.

Fighting Obesity

In a second "Executive Decision" segment, Cramer sat down with Irwin Simon, chairman, president and CEO of Hain Celestial Group ( HAIN), a company Cramer said is not done going up.

Simon said that with 60% of Americans now obese, the runway for Hain's all-natural and healthy products is tremendous. He said that consumers are more concerned with how they look and what they eat than ever before, and that leaves plenty of opportunities in front of the company.

Simon also said he's making it a personal objective to change the food served in our nation's schools. He said he's sickened when he sees vending machines peddling candy to our children when there are healthy alternatives out there. Simon said the message is slowly getting out there, but it's not fast enough.

When asked about rising commodity and fuel prices, Simon said Hain is in a good position, as it locked in most of its commodities at lower prices last year. He said that fortunately, consumers are willing to pay 10% to 15% more for healthier products, and that helps offset some of the rising costs.

Simon also noted that Hain's personal products division, which saw growth decline during the recession, is now starting to rebound.

Cramer continued his recommendation of Hain Celestial.

Lightning Round

Cramer was bullish on Akamai Technologies ( AKAM), Best Buy ( BBY), Halliburton ( HAL), Schlumberger ( SLB) and Weatherford International ( WFT).

He was bearish on Rackspace Hosting ( RAX) and Quantum ( QTM).

Closing Comments

Cramer once again recommended gold, saying that the rally in gold is not bubble, but solid demand. He said that most people are still not in gold, and they need to be.

--Written by Scott Rutt in Washington, D.C.

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At the time of publication, Cramer was long Teva.

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.