Cramer called a huge rate cut from the Federal Reserve and a stimulus package from Washington "monumental," during Thursday's Stop Trading!.
Just this afternoon, leaders from both sides of the aisle and Treasury Secretary Henry Paulson announced tax rebates for individuals and write-offs for businesses, and increased the cap on the loan amount government-backed mortgage lenders Fannie Mae and Freddie Mac could buy.
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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