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Get used to having some down days, Jim Cramer told his Mad Money viewers Thursday. Detours are a natural part of the stock market, Cramer said, and we won't get to Dow 20,000 without them.

Today's bearishness was led by retail, where Bed Bath & Beyond (BBBY) delivered a scant 85 cents a share in earnings compared to analysts' expectations of 98 cents. For those betting on a housing comeback, the news caused a cascade of weakness across the sector.

Then there was the 5.2% decline in Finish Line (FINL) , coupled with the earlier news from Nordstrom (JWN) that mall traffic is the worst its seen since 1972.

Technology also had a down day with Red Hat (RHT) plunging 13.8%, a big decline for a normally consistent earner. The only upside in tech was Micron Technology (MU) , which soared 12.8%.

Is this news enough to begin repealing some of our post-election gains? Cramer thought not, as the financials have mostly led this market higher and they are still in solid shape.

Cramer and Jack Mohr are telling the members of their investment club to scale into names they like for the long term, and they're focusing on HP Enterprises (HPE) . Read more with a free subscription to Action Alerts PLUS.

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Executive Decision: Red Hat 

For his "Executive Decision" segment, Cramer dug deeper into the decline in Red Hat shares, by checking in with Jim Whitehurst, the company's president and CEO, to learn more.

Whitehurst said that he's not surprised by the market's reaction to this quarter's earnings. He said Red Hat's stock typically trades on the company's billing metrics. But he also noted that he's cautioned investors before that billings can be volatile for any given quarter.

In the case of his quarter, Whitehurst said, a couple of large government deals did not close as a result of the changing leadership. He expects those deals to close next quarter. Overall, Whitehurst said he was happy with his company's performance this quarter and remains optimistic for next quarter.

Whitehurst also commented on his CFO leaving the company, saying that while the timing isn't perfect, it was expected. He also said that Red Hat is bullish about the Trump administration, as both defense and intelligence spending should be on the rise.

Cramer said that despite today's weakness, Red Hat has a great long-term model.

Coming up on this episode of Mad Money: Cramer goes "Off the Tape" with Walt Freese, CEO of Sterling Rice Group. Plus, a little fireside chat with readers; And don't miss the Lightning Round.

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