Cramer Remix: Here’s what you don’t know about a Brexit

Even if the United Kingdom votes to leave the European Union, Jim Cramer simply refuses to believe that it will be a momentous or terrifying event.

"The coverage of the story has been laced with hyperbole for weeks, but now it has entered the realm of pure hysteria," the "Mad Money" host said.

Cramer's jaw dropped to the floor by how overblown Brexit fears are when he read the op-ed by Matt Ridley in the Wall Street Journal entitled "The Business Case for Brexit."

He was stunned when he read the first sentence, when Ridley stated "In voting Thursday on whether to leave the European Union, the British people face perhaps the most momentous decision since Henry VIII broke from the Roman Catholic Church in the 16th century so he could marry as he pleased."

It's one thing to place importance on a Brexit vote, but to compare it to the protestant reformation is absurd, according to Cramer.

British Union Flag
Jason Alden | Bloomberg | Getty Images
British Union Flag

As stocks fell on Wednesday, Cramer could not dismiss the notion that there is too much of everything—too many stores, trucking companies, airlines, banks and oil companies among many others.

"Nothing can be done about it except survival of the fittest," Cramer said.

For a long time the free market was able to take care of itself. Companies would merge to take out costs, and the market would respond.

In the past few years, Cramer watched as the Federal government has turned violently against these deals and the repercussions are wreaking havoc on stocks. Companies are no longer automatically given higher price-to-earnings multiples based on an acquisition.

"The clock is ticking. The bids should be made, but it sure doesn't look like that will happen," Cramer said.

With "Mad Money" in San Francisco this week, Cramer took the time to take the pulse of Silicon Valley with Kara Swisher. Not only is she the co-founder and executive editor of Recode, but is also the host of the "Recode Decode" podcast and co-executive producer of the Code conference.

Once called "tech's most powerful snoop" by New York Magazine, Swisher broke the news last week that tried to buy LinkedIn, but it couldn't compete with Microsoft's deep pockets. Cramer spoke with Swisher, who said her ability to find out information simply comes down to a phone call.

"The other day when...they (Salesforce) were making a bid for LinkedIn, [Marc Benioff]said no one called him. I had heard that they were the ones, and there was one that said sources said there was another bidder and I had heard it was him and I just called him and he said 'yeah I'll talk to you'," Swisher said.

James Park, CEO, Fitbit
Scott Mlyn | CNBC
James Park, CEO, Fitbit

Fitbit is the leading maker of wearable fitness trackers, yet Cramer says there remains a disconnect between popularity of the product and investors.

With Wall Street skeptical of the stock in the past, it remains a popular play to short in the market. Cramer wondered at what point the stock will become too cheap to ignore. He spoke with Fitbit's chairman and CEO James Park, to find out if there could be something larger going on.

"Right now it is year nine in the company; that's a long history of us having executed year after year," Park said. "If we just look at one factor of growth, international. The U.S. continues to grow, but if you look at international numbers they are amazing."

Another company on Cramer's tech radar was New Relic, which provides cloud-based software as a service platform to assist companies to monitor and measure what their business software is doing and how users are interacting with it. In the age of business when many companies are adopting digital practices, New Relic's analytics could provide powerful insight and fix problems before they happen.

To learn more, Cramer spoke with New Relic's CEO Lew Cirne on what makes New Relic different from other software analytics companies.

"The most important thing about what is going on is that businesses of all types feel this urgent need to become digital. Every boardroom discussion is about digital … we are the only software analytics in the cloud. We are a pure-play cloud company," Cirne said.

In the Lightning Round, Cramer gave his take on a few caller favorite stocks:

Intel: "Unless they get a lot of Apple business, I think it's just going to tread water. It really needs to have an all new customer, and split the company into two. And I'm not sure it's going to do that."

Sturn, Ruger & Company: "Historically I have liked RGR very much. It's one of the vice stocks that we have been writing about at But my problem here is that I think Smith & Wesson had a better quarter. I would rather stick with that one."