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NEW YORK ( TheStreet) -- The stock market is starting to look like Goldilocks versus the three bears, Jim Cramer told his Mad Money viewers Tuesday as he opined on the markets' late-day selloff. The bears may have won the day, he explained, but there's still hope for Goldilocks going forward.
Continuing with his analogy, Cramer said that Brazil is shaping up to be the baby bear in this fairy tale, with Petrobras (PBR) , its largest oil company, announcing big cuts in its exploration budgets in order to help pay its looming $100 billion debts.
Then there's momma bear, the scores of tiny U.S. shale drillers that have paid too much for their land over the past two years and now need oil prices significantly higher in order to survive. With no bottom for oil prices in sight, it will take time for these weaker players to get flushed out, Cramer noted.
Finally, there's papa bear, Russia, a country whose economy is crumbling by the day as oil prices decline and international sanctions take hold. Even Russia's sharp rise in interest rates won't be enough to save this ailing economy or its impacts on Europe.
But all of these bears are battling Goldilocks, Cramer continued -- a U.S. economy that's strengthening by the day as investors flee the rest of the world, keeping our interest rates low. That means more people buying homes, more homes being built and more retail spending, Cramer explained.
But while Goldilocks prevails in the fairy tale, Cramer cautioned the three bears will be around for awhile and investors shouldn't expect that perfect bowl of porridge quite yet.
Executive Decision: Gary Friedman
Friedman said his company's decision to offer investors a first-ever video conference call is because Restoration Hardware is in a visual business. So offering a video conference call seemed like the right thing to do and was very well received by investors and analysts.
Turning to his company's business, Friedman explained that typically when retailers become public companies they stop innovating and start merely replicating their initial successes. Restoration Hardware is different, which sometimes makes the company difficult for investors to understand. "We will always be different and always be moving forward," he explained.
Friedman said if mall traffic is dying it's because retailers lack imagination and have created dark, windowless boxes that customers just don't want to visit. That's why Restoration Hardware stores are more than galleries, they're places people want to spend time in.
Cramer said simply that investors shouldn't trade Restoration Hardware, they should just own it.
Executive Decision: Tim Boyle
In his second "Executive Decision" segment, Cramer sat down with Tim Boyle, president and CEO of Columbia Sportswear (COLM) , which just posted a 6-cents-a-share earnings beat on a 29% year-over-year rise in revenue with 14% organic growth. Columbia also announced a boost in its dividend of 7%.
Boyle said it has been hard to balance the seasonal nature of Columbia's products, which skew towards the winter months, but the company has been growing international sales and adding tons of great spring and summer items as well.
Boyle noted that, for instance, Columbia's performance work boots for men have now expanded into performance boots for women, while the company's line of fishing products is performing well over the summer months.
In the end, Boyle said he still sees Columbia as a technology company, one that is constantly innovating to keep people warmer in the winter and cooler in the summer. He said his job is to support his teams that have big ideas for what's next.
Cramer said he expects Columbia to have a terrific holiday season.
Will the Fed Act?
Have the markets created a once-in-a-lifetime trading opportunity for the Federal Reserve? Cramer thinks so. The world's chaos has created an unbelievable opportunity for the Fed, if it has the guts to take it.
Cramer explained that for years the bears have fretted over the Fed's $2.5 trillion portfolio of Treasury bonds, but now the world's money is fleeing Russia, Europe, Japan and elsewhere for the safety of, you guessed it, U.S. Treasury bonds.
Cramer said Fed Chair Janet Yellen should announce tomorrow that the Fed is selling all $2.5 trillion of its bonds, at a profit, ensuring that it will have all the firepower it needs for future crises while also helping to shrink our budget deficit.
The world is clamoring for our bonds, Cramer concluded. We just need the wherewithal to seize the moment and make the trade.
Executive Decision: Tom Farrell
In a third "Executive Decision" segment, Cramer spoke with Tom Farrell, chairman, president and CEO of Dominion Resources (D) , the utility with its finger on the pulse of the American economy and its oil and gas revolution.
Farrell confirmed that the U.S. economy is starting to gain strength for the first time in six years. He said the demand for power in the Mid-Atlantic region Dominion serves continues to be strong.
When asked about the company's data center business, Farrell noted that over half of all U.S. Internet traffic flows through Virginia, and companies continue to locate their data centers in the region thanks, in part, to the cheap, reliable power that Dominion provides
Turning to Dominion's natural gas export terminal that's currently under construction, Farrell noted that production from that facility is already sold out for the next 20 years. He said regardless of the price of natural gas, countries are desperate for energy, and Dominion is guaranteed to sell everything it can produce.
For all those reasons, Cramer said Dominion remains the best utility in the country.
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-- Written by Scott Rutt in Washington, D.C.
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