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
- 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’
- Cramer Cuts Through Bears' Bull to Explain Tuesday's Market
- Cramer: Buy These 2 Dividend Plays
- Remorseful Regulator Leads Reform Fight
- Lightning Round: AT&T, Verizon, Novartis and More
- Lightning Round OT: Alcoa, Weight Watchers and More
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 
Investors can buy almost any bank for the next week, Cramer said, as this group emerges from the black hole into which the credit crisis had pulled it. In fact, he called this a once in a lifetime move in the financials.
What’s happening? The stress tests, that’s what. The Treasury Department released its test results, and this sector is on much more solid footing than anyone had thought. Turns out Armageddon is no longer an option. Banks won’t be nationalized. The worst-case scenario that the most ferocious of bears warned against is off the table. With confidence restored, Wall Street is rushing back into these stocks.
Sure, the feds said at least a couple of banks needed to raise capital in order to survive another downturn, should that happen at all: Bank of America [BAC
Loading...
()
], Wells Fargo [WFC
Loading...
()
], Morgan Stanley [MS
Loading...
()
], Citigroup [C
Loading...
()
] and six others. But there will be equity offerings to generate the cash. Wells and Morgan Stanley already held theirs on Friday.
Wells Fargo’s offering was a big hit, as money managers started buying shares at $22 a piece and kept going right up to $28. Cramer urged investors to do the same with Bank of America and any other companies that are selling shares to meet the Treasury’s capital requirements.
Friday marked the close of yet another week of gains, something we’ve seen consistently since early March. In addition to the banks, the oils were up today as well. Tech, the other leader in this market, also had a good day, with the Nasdaq closing 1.3% higher. We will continue to see this kind of action, Cramer said, as long as skeptics refuse to believe in this rally.
Also, this is why Mad Money urges viewers to stay in the game. Those who are frightened out of the market – probably because they believe the short sellers who predicted bank nationalization, massive inflation, another Great Depression and on and on – miss moves like the one we saw on Friday.
The lesson here? The next time the market turns down and you want to quit – don’t.
Cramer's charitable trust owns Morgan Stanley and Wells Fargo.
Call Cramer: 1-800-743-CBNC
Questions for Cramer?
Questions, comments, suggestions for the Mad Money website?
Data is a real-time snapshot *Data is delayed at least 15 minutes