Cramer's 'Mad Money' Recap: Get Out of HP, Best Buy Now

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Cramer said Boroden has had an excellent track record predicting the S&P so far this year, which makes him inclined to believe her again.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer opined on what really matters to the U.S. stock market.

Last year, the threat of a French debt downgrade would've sent our markets into a tailspin. Today, such an event barely envoked a collective yawn.

Cramer said a lot has changed over the past year. Many foreign banks have raised a ton of cash while other companies with European exposure have been working hard to distance themselves from the troubled continent.

Cramer said the U.S. taught us that downgrading a country's debt isn't really that big of a deal. Meanwhile, everyone has had time to prepare and anticipate such downgrades, making them far less of an issue than they once were.

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-- Written by Scott Rutt in Washington, D.C.

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