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Cramer Answers 'Mad Mail'

It's time for some "Mad Mail!"

On Monday, Mark in Hawaii asked about Calumet and Cramer said he would get back to him. After doing some research, Cramer found it has lackluster growth, unsteady cash flow and distributions that could be hard to maintain. So he recommends staying away from this stock, but welcomed management to try and change his mind.

Jonny asked about the divergent performance of soda makers Pepsi and Coke . Cramer's charitable trust owns Coke, he is tempted to swap and get into Pepsi because it now sports a high yield.

Jon wanted to know whether Banco Santander is a buy at current levels given Treasury Secretary Timothy Geithner said this week there will be no Lehman-like failure. Cramer would like to agree, but he continues to recommend selling European bank stocks across the board.

Neal in Alabama questioned Cramer about Corning . Cramer said it's worth looking at right now.

Finally, Rich was curious whether Cramer would bless using inverse exchange-traded funds to counter a market downturn. If you think the market is going down, Cramer recommends selling stocks and raising cash.

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  • 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."

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