Are You Diversified?

The bull is back, Cramer said. But that doesn’t mean you can afford to leave your bases uncovered.

Bob has two-of-a-kind…twice! Apple and Research in Motion are both great companies, but they’re both tech. Schlumberger and Noble are both oil services, too. Cramer would throw out the NE and (reluctantly) the AAPL. He advised Bob to pick up a defense play and a financial now that “the Fed be easin’.”

This portfolio is too risky for Cramer. U.S. Gold, L-1 Identity and Fuel-Tech are all speculation plays, and that won’t do, he said.

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
    Saturday 8a, 1p, 7p SYD
    Sunday 12a, 1a, 8a, 7p SYD
    New Zealand
    Saturday 10a, 3p, 9p NZ
    Sunday 2a, 3a, 10a, 9p NZ
  • Jim Cramer

    Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.

Mad Money Moments

Cramer's New Book