That loan cap increase will help builders like Toll Brothers and banks like Washington Mutual , Cramer mentioned, and the extra cash in consumers' pockets should help the retail sector.
With so many different forces at work, a lot of other sectors in the market should start to work in time, Cramer said.
In earnings news, Northrop Grumman posted flat profit for the fourth quarter Wednesday. Cramer said he's a fan of CEO Ronald Sugar, but his favorite play in defense is Raytheon.
Earlier in "Street Signs," Erin Burnett aired pieces of her interview with Dubai World Chairman Sultan Ahmed Bin Sulayem, who's looking for U.S. investments. Given the sovereign wealth fund's ownership of retailer Barneys New York, Cramer recommended Dubai World consider Saks, Jones Apparel, Liz Claiborne, Nordstrom and the Gap.
Jim's charitable trust owns Raytheon.
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