Cramer was intrigued by DoubleLine Capital's founder Jeffrey Gundlach's commentary that the recent rally in stocks was simply a small rally within a very large bear market.
"I just don't want you to lose sight that a guy like Gundlach isn't really addressing you, the individual investor, when he says the stock market has 2 percent upside and 20 percent downside. He was simply trying to make the point that the market might be more dangerous than you think," the "Mad Money" host said.
If that is the case, Cramer expects that investors will begin to buy stocks such as Clorox, Kimberly-Clark and Coca-Cola, and fewer will buy stretched oil plays like Transocean. And that made sense to him.
According to Bloomberg, Gundlach's DoubleLine Total Return Bond Fund has beaten 99 percent of all of its peers.
"But like most bond fund managers, he does tend to paint stocks with too broad a brush," Cramer said.
Read More Cramer: Jeffrey Gundlach wasn't talking to you
One of the sectors on Cramer's radar lately has been technology, and with Tech Data helping large companies like Apple, Cisco, Microsoft and Hewlett-Packard, he considered it a great read on the cohort.
Tech Data is one of the biggest wholesale distributors of information technology in the world. Its CEO Bob Dutkowsky has said that it prides itself on being the Switzerland of the IT market that represents all of the warring factions in the industry.
Thus, it was good news when Tech Data reported a strong quarter last Thursday.
"Tech Data has the ability to find hot product segments around the world, in the geography that we cover. So new products, new customers and we can de-emphasize products that aren't performing so well. We do that on the fly, and it's one of the real strengths of the company; our ability to pivot to those opportunities," Dutkowsky said.
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
Blackstone Group: "I think it's fine. It's not going to run away because there is no IPO market, but I'll bless it."
Allegheny Technologies: "No, the only steel company I am recommending right now is Nucor. I do like Alcoa, by the way, it just got hit."
Read MoreLightning Round: My only steel play I'll recommend