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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Tuesday June 15.

I Hate This Market: Best Buy (BBY)

Tuesday's 214 rise in the Dow represented what Cramer calls a "bad rally," because "every single news item that came out today was bad...I could not find a single positive." Investors have no reason to trust the market which was driven by nothing more than "rotating short squeezes" with not one catalyst to bring it up after the temporary euphoria.

While Cramer has been a housing bull, he admitted the housing data was "one of the worst he's ever seen," employment numbers were bad, Best Buy (BBY) delivered a disappointing quarter, consumer spending is in the doldrums, Greece is likely to default, and instead of working to improve employment, the government is pursuing one policy: punish everything that is working. If financial reforms are passed, the lion's share of the American investment business will go overseas; "I mean you can slash earnings estimates for every investment bank by at least 20%," Cramer said.

"Everybody hates this market, I hate this market...it is hated for good reason..it is driven by people who see other people buying."

Cramer's advice? Use rallies like Tuesday to scale out of positions, because in this crazy market, anything can happen.

"This market is stupid...I've had it...I'm a cynic."

CEO interview: Glen Tullman, Allscripts-Misys (MDRX)

Healthcare techology, such as the use of electronic claims and filing systems, was going to be a hot business thanks to Obama's healthcare reforms and stimulus plans, but with headlines devoted to other issues, Allscripts has seen a 25% decline. Added to the mix is its confusing acquisition of Eclipsys for $1.3 billion. The stock fell 10% on the news, and things became complicated when its partner Misys decided to reduce its stake from 55% to 10%. However, after looking at the acquisition closely, Cramer thinks the long-term result will be good, but is it worth it to take the pain in the stock until then?

"We are performing and delivering on the promise," Glenn Tullman said, "And what Americans want is a single health record. And what are clients are asking for is for us to connect hospitals, which Eclipsys has, and physician practices which we have. The strategic merits of the transaction make this a home run for investors."

While Cramer admitted the deal is complex, he called Tullman "bankable" and suggested investors do their own homework on the stock and the Eclipsys acquisition and decide for themselves.

The Raw Power of C.A.N.D.I.E.S.: Chipotle Mexican Grill (CMG), Apple (AAPL), Netflix (NFLX), Deckers (DECK), Intuitive Surgical (ISRG), Express Scripts (ESRX), Salesforce.com (CRM),

In spite of the confusing market, Cramer reiterated his recommendation of C.A.N.D.I.E.S., "ultra-high octane growth stocks that snap back much harder than the rest of the market when we get a bounce." These include: Chipotle Mexican Grill (CMG), Apple (AAPL), Netflix (NFLX), Deckers (DECK), Intuitive Surgical (ISRG), Express Scripts (ESRX), Salesforce.com (CRM). Cramer called these "trampoline stocks" which have an amazing power to bounce back.

The charts show a strong uptrend since the beginning of the year, and the trend has yet to be broken. One thing to be concerned about is a "wedge pattern" that begins at a wide range and contracts when the price moves higher. If this reversal pattern holds up, the uptrend for C.A.N.D.I.E.S. might be finished, but if the stocks break through it, there will be more upside. One indication that the stocks will break through is that they are very oversold. Technically and fundamentally, C.A.N.D.I.E.S. are still sweet.

Cramer's Outrage of the Day: Financial Reform: Deutsche Bank (DB), Barclays (BCS), Morgan Stanley (MS), Bank of America (BAC), Goldman Sachs (GS), JP Morgan (JPM)

If you really and truly believe that the Senate is beyond redemption… that Congress as a whole has become so anti-business… it is willing to handicap homegrown American companies… and effectively hand over business to their foreign rivals… I have a suggestion for you, go buy some Deutsche Bank (DB)… go buy some Barclays (BCS).

Cramer says Blanche Lincoln's financial reform proposals will do nothing more than hand over American investment business to European rivals. He suggested, "Just go buy the winners...just go," and noted Deutsche Bank was up 6%..."I would buy them up 30% if Blanche Lincoln wins."

Congratulations Senate… for as long as I have been in the business, and that is 31 years… these foreign banks have tried to wrest the lions share of this investment banking clients away from the US banks… do you know that they have never have succeeded on the merits… we have always killed these banks.. they have never been able to compete… but if the media is right, they will become the new investment banking kings

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Source: Cramer's Mad Money - I Hate This Market (6/15/10)