(Story updated to add Cramer's Lightning Round picks, his interview with the head of First Horizon National and his concluding remarks.) NEW YORK ( TheStreet) -- Today's markets are like a big volleyball game, Jim Cramer told his "Mad Money" TV show viewers Thursday. He explained that when bad news hits one sector, the money simply rotates into another, as the bulls simply cannot be stopped. Cramer said this rotation action is a fairly new phenomenon. Last year when the market received bad news, investors headed for the hills. But so far this year, bad news has been sending investors into different sectors instead of heading for the exits. Case in point, today's continued worries over a slowdown in China. Cramer said once again, any stock levered to China got hit and hit hard. Whether it was machinery companies like Caterpillar ( CAT) or the rails or the mining stocks, if a company had even an inkling of Chinese exposure, its shares traded lower. But at the same time investors were hitting the sell button on China, they were also buying tech stocks, noted Cramer. He said stocks like IBM ( IBM) and Intel ( INTC) traded higher and some like Western Digitial ( WDC) were even near their 52-week highs. The buying spilled over into other sectors as well, like high-end apparel and restaurants and even into the dollar stores like Dollar Tree ( DLTR) and Family Dollar ( FDO). Cramer said while hedge fund managers fret over China and the falling price of oil, he would be a buyer of oil stocks, since the world still cannot find enough of the precious commodity and there' no way America will wean itself from foreign oil without embracing its own domestic natural gas. "This rotation is not over," Cramer concluded, as he told viewers to take advantage of the opportunities the markets are creating.