Cramer Highlights

• Today’s market action had Jim Cramer wondering “what if?”
• It wasn’t just the bad earnings from AA – Alcoa and INTC – Intel that killed the markets, but also the comments from President-elect Barack Obama.
• “What if the stimulus fails?” asked Cramer. What if slow growth prevails for the foreseeable future? What if the markets are in for more days like today?
• The economy and the markets don’t want to hear about jobless benefits being extended.
• They need to hear about jobs being created and roads being built.
• Cramer called for President-elect Barack Obama to assign a special prosecutor to go after organized financial crimes.
• Cramer said, “Investors will not come back to this market until they know the bad guys are gone.”
• Cramer said the markets need to see a sea of indictments to restore confidence.
• Cramer recommended using the RICO Act to prosecute all those who told investors the “fundamentals were sound,” when clearly they weren’t.
• Prosecuting these executives will not be hard, as there are abundant witnesses willing to testify against those who cost them everything.

Here’s the list of stocks from Cramer’s Mad Money Show for Wednesday, January 07, 2009.

Note: Dow stocks mentioned tonight: None tonight!

Thumbs up for these stocks………….
APC – Anadarko Petroleum $40.14
NFLX – Netflix $32.71
NVO – Novo Nordisk $53.86
PNRA – Panera Bread $50.79

Thumbs down for these stocks………..
CHK – Chesapeake Energy $18.29
DBD – Diebold $28.75
ISRG – Intuitive Surgical $117.88