Enter multiple symbols separated by commas

Stop Trading!: Thain Is Good for Merrill

John Thain is a no-nonsense guy who will make Merrill Lynch whole again, Cramer said during Stop Trading!. On Wednesday, Merrill named the NYSE Euronext CEO as a replacement for Stanely O'Neal.

The job was originally offered to BlackRock CEO Larry Fink, but apparently he said he would take the reins only if Merrill did a full accounting of its subprime exposure.

Still, Cramer was happy with Merrill's move. "It'll be a better Merrill under Thain," he said.

Taking over for Thain at NYSE Euronext is Chief Operating Officer Duncan Niederauer. Cramer called him a cost cutter who learned a lot from his departing boss.

"I think he's ready," Cramer said. "Duncan will do a great job."

Cramer reiterated his call that NYX was a great weak-dollar play because two-thirds of the exchanges income comes from Europe.

Jim's charitable trust owns NYX.

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

Mad Money Moments

Cramer's New Book