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Often people run from tech during a selloff, but Cramer notes tech is now the safe sector with significant upside potential, since these companies have enough cash to make huge buybacks. Cramer proclaims he is once again an "Intel-aholic" as he was in the 90s, because the stock is cheap, has loads of cash and an accelerating growth rate. Compared with AMD, Cramer says Intel is "the much stonger part of the duopoly" and has a lower price tag.
Related: Dan Farber discusses AMD's strategies to improve performance against rival Intel.
The Rant Heard Round the World
While some think Cramer's rant against the Fed last Friday was overdone, Cramer believes he was "the most responsible guy out there. He added, " The AAA-rated mortgage bonds are trading horribly or not at all. These are good pieces of paper, yet they've been marked down," Cramer said. He says has no idea why Ben Bernanke is still worried about inflation, and observed that the Europeans are concerned about the ripple effect of the US mortgage crisis. "My rant was the rant heard around the world," Cramer said, "The only one who hasn't heard it is Chairman Bernanke himself."
Related: Barry Ritholz describes Cramer's appeal to Ben Bernanke on last week's Stop Trading! program as " Cramer going postal."
Cramer says those who have not sold the stock in his Mad Money Madness Index are being hoggish; "Greed is not good ... The market makes you pay for it."
CEO Interview: Dr. Eli Harari, Sandisk (SNDK)
Cramer thinks SNDK will rise next week if there is a day that is not "horrible," and he likes the company because flash memory is "hot," will replace disk drives and is the favorite of companies like Apple. He said Dr. Eli Harari's bullish remarks at a recent Flash Memory Summit reminds him of Cisco CEO John Chamber's fully justified optimism. Dr. Harari commented flash is everywhere, is contributing to market acceleration and is much cheaper than it used to be. "There's no question that flash memory today is the fastest-growing market within the semiconductor market," Dr. Harari said. "And I do not see it ending anytime soon."
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