FEATURED SLIDESHOW
Who Is The Worst CEO?Mad Money needed new inductees for its
Wall of Shame, so we asked viewers for
nominations.
RECENT POSTS
- 4 Enemies of Bull Markets
- Experiencing Technical Difficulty?
- The Importance of Good Breadth
- How Big Money Rules the Markets
- Follow the Leader
- Mad Mail: Chesapeake Energy Is Hiring?
- Lightning Round: Royal Dutch Shell, Bank of America, RF Micro Devices and More
- Lightning Round OT: Harley-Davidson, Heartland Payment and More
- Cramer’s Christmas List
- Cramer: This Stock Offers ‘Plenty of Upside’
MAD MONEY FEATURES
PODCASTSWatch the Lightning Round whenever and wherever you want.
OFFICIAL MAD MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
CRAMERS SOUNDBOARDAdmit it: You've always wanted to hit the "They
know nothing!" button. Here’s your chance.
CHECK OUT OUR PHOTOSCheck out Cramer on set, back to school, behind the scenes and more.
SHOP FOR MAD MERCHANDISEBuy Cramer books, bobbleheads and other Mad Money merchandise.
RING TONESPick up the phone! It's Cramer! New Mad Money sounds for your cell phone.
TEXT MESSAGE ALERTMad Money's mobile. Get show highlights sent to your phone.
Text Size 
“Enough with the hysteria,” Cramer said during Tuesday’s Mad Money, we’re not going to suffer another Great Depression.
Sure, there are plenty of things to worry about: We need the European Central Bank and the Bank of England to make big interest-rate cuts. Friday’s unemployment number should be dreary. And jobless homeowners equal more foreclosures. Commercial real estate, too, is a problem. There’s also a weak China, which has all but disappeared since the Olympics. But we’re nowhere near the devastation seen 75 or more years ago.
There’s no 33% unemployment nor are we in danger of massive bank failures. Housing prices have fallen far enough to, in addition to the decline in building permits, signal a bottom by June 30 of next year, which is what Cramer’s been saying all along. Washington has taken the necessary steps to save our financial system, most recently with Citigroup [C
Loading...
()
], hopefully the model going forward. And with Fannie [FNM
Loading...
()
] and Freddie [FRE
Loading...
()
], AIG [AIG
Loading...
()
], Lehman Brothers, Wachovia [WB
Loading...
()
] and Washington Mutual all taken care of in one way or another, so there probably are no more surprises to be had.
Another thing to keep in mind: We still have the safeguards put in place as part of the New Deal the prevent another Great Depression, like the FDIC, Social Security, unemployment insurance and the Federal Housing Authority.
So forget all the talk you’ve been hearing lately. If these talking heads wanted to worry about a Great Depression, they should have followed Cramer’s lead a few thousand Dow points ago. There are things to be concerned with – the ECB, China, etc. – but we’re not in the dire straights we were before.
One word of caution, though. This is by no means a buy call. Aside of the usual defensive names, high-yielding stocks and those trading at or near their cash, Cramer recommends you hold onto your money.
Questions for Cramer?
Questions, comments, suggestions for the Mad Money website?
Data is a real-time snapshot *Data is delayed at least 15 minutes