Jim Cramer, the overly enthusiastic host of "Mad Money," became apoplectic just prior to the market's collapse on Friday afternoon on his CNBC "Stop Trading" spot. Cramer's ranting focused on the need for the Fed to drop rates to save humanity. It came across more that the Fed needed to drop rates to save Jim Cramer's portfolio.

The reality of the situation is if the Fed had to desperately lower rates, gold would be crashing, as was the case in the late 1990s. It is interesting looking back to what everyone was calling the Goldilock's economy then, and seeing that gold was saying otherwise. Gold proved to be correct. Remember that in 1998, oil sold for only $10 a barrel.

Today, the opposite is true: gold has formed a plateau in the $600 price range and oil demand remains strong, with its price approaching $80 per barrel.

All told, despite Cramer's ranting, liquidity is getting a little tighter and the Fed should begin dropping rates in October. I wouldn't worry too much, the sky is not falling despite what Cramer may say.

Back on October 23, 2006 investment guru Jim Cramer came out strongly against Bare Escentuals (NASDAQ: (GS) BARE). I pitted my opinion against Cramers and "let it ride". I've just finished doing a cursory check on Bare Escentuals to see how they have fared. Suffice it to say, I hope no one sold their BARE shares based on Cramers advice.

The chart attached herein shall provide the whole story. My words are really not needed. Besides, I'm just a dude living up here in the woods and making cabinet panels for a living. What could I possibly know about investing? Bare Escentuals just went public in September of this year. Their performance thus far appears healthy to me.

The two stocks that Cramer liked in place of Bare Escentuals were Allergan (NYSE: AGN) and Medicis Pharmaceutical (NYSE: MRX). I will concede to Cramer that those two stocks have moved upward also. My point here is small and simple: You don't need a television crew and a stable of financial analysts to pick a winner now and then. If you have good instincts and the willingness to do your own research, you too can pick some stocks which will pay you to own. To quote my bald headed nemesis: "Do your homework."

(Image courtesy of Norton Sales)

Jim Cramer is many BloggingStocks readers' favorite personality: he's brash, he's loud, he's smart. Although his CNBC shows, Mad Money and Stop Trading! have insanely high ratings, I've always thought of him as perfect for radio; so few of his bells and whistles really need your attention visually. It's all about the (literal) bells and whistles, moos and catcalls with Cramer.

Yet, today the announcement: Cramer is set to end his radio show, RealMoney with Jim Cramer, to "focus on TheStreet.com Inc.'s video and multimedia initiatives." December 1, this Friday, will be the final nationally syndicated radio show. From now on, if you want Cramer? You'll have to get it on CNBC or purchase one of his sponsored videos.

This may be good news for TheStreet.com, Inc. (NASDAQ:TSCM), the company founded by Cramer and a single-minded Cramer-hyping machine. They're sure to get lots more revenue from those Cramer fanatics out there. The stock was up 40 cents, a whopping 4.78%, to $8.76 on the news. But it's bad news for radio, and especially CBS Corporation (NYSE:CBS), whose stock was down a few cents to $30.03 for the day.

Will we see a downfall in radio? Is our world so image-obsessed that we can't live without the visages of our favorite personalities? Or is this just a play of greed by Cramer and TheStreet.com -- they didn't like to share any of the profit with CBS and its radio affiliates? Is audio-only dead?

Earlier on the STOP TRADING segment on CNBC, Cramer showed 3 ideas for possible buyouts. He thought private equity would possibly consider Cumulus Media (CMLS) for radio. Cramer also noted fast food plays Jack in the Box (JBX) and Sonic (SONC) as potential buyout candidates.

He also thought private equity would consider TJX Corp (TJX) and Limited (LTD) in retail.

Cramer's only cautious stock was Pepsi (PEP) because of the large exposure to chips and snacks, and said it lost its fizz.

What is Jim Cramer pushing in today's STOP TRADING segment? It's my favorite sector: big banks. Cramer said the earnings reports have shown some huge disparity. Washington Mutual, Inc. (NYSE:WM) was the ugly one and Wells Fargo & Company (NYSE:WFC) was the good one. Citigroup Inc. (NYSE:C) was also a bit off to him.

He said JPMorgan Chase & Co. (NYSE:JPM) was underrated and he would be a buyer right here.

Cramer also mentioned that NYSE Group, Inc. (NYSE:NYX) was getting a return of tens of millions of dollars in ill-gained bonuses from Grasso, and Cramer said New York Attorney General Eliot Spitzer won't drop this one. Cramer said Grasso didn't create his own package.

Jon Ogg is a partner in 24/7 Wall St., LLC; he does not own securities in the companies he covers.

Today on Jim Cramer's STOP TRADING segment on CNBC, he raved: "the market is making fortunes people!"

He said Yum! Brands, Inc. (NYSE:YUM) and McDonald's Corporation (NYSE:MCD) are winning on food and he was positive on Darden Restaurants, Inc. (NYSE:DRI) and The Procter & Gamble Company (NYSE:PG).

He said the fuel is coming out of oil and out of staples, and "the market is going higher." He even used the "so sue me" disclaimer afterward, but that's Cramer for you.

PepsiCo, Inc. (NYSE:PEP) wasn't that great and he is out of Kellogg Company (NYSE:K).

Phelps Dodge Corporation (NYSE:PD) is big and it is going to par, meaning $100. PD is trading at just under $93.00 as of his comments.

Now here is the problem with his segment; it's not just the criticism he gets so often, that he has too many pieces of advice. He was talking so fast you could barely understand him. He jokes about taking drugs; it would be easier to keep up if you were on speed while you watched.

Jon Ogg is a partner in 24/7 Wall St., LLC; he does not own securities in the companies he covers.

Today Jim Cramer on his "STOP TRADING" segment on CNBC discussed the major movement in the stocks of online brokerage firms reacting to Bank of America giving free stock trading to those with $25,000 in accounts and after Zecco launched its free trading on Monday for $2,500 minimum accounts.

Cramer said these stocks are reacting to new risks and he wouldn't discount the Bank of America (BAC) initiative. He said this is a "gamechanger" for the brokerage world and B of A hid its initiative very well.

Cramer said free trading is the evolution of trends already underway. He said there may be a pause in the selling and a little bounce, but he thinks he would be a seller of the stocks.

Before Cramer came on, E*Trade (ET) was down 8.6% at $22.35, TD Ameritrade (AMTD) was down 11.8% at $16.85, Charles Schwab (SCHW) was down 4.2% at $17.30, and TradeStation (TRAD) had recovered to being down only 2% at $15.88.

Cramer also discussed Yahoo! Inc. (NASDAQ:YHOO) and noted that the current notion among some investors that the company is barely worth anything may be indicative of a bottom. H even compared it to homebuilder stocks. He said he wishes CEO Terry Semel would resign from Yahoo! and thinks the stock would go to $28 if he did resign.

Jon Ogg is a partner in 24/7 Wall St, LLC; he does not own securities in the companies he covers.

Today on Jim Cramer's STOP TRADING segment on CNBC, the bombastic banker reviewed his favorite telecom and biotech stocks.

Telecom: Cramer picked AT&T, Inc. (NYSE:T) as the clear core holding in the group. He thinks the SBC unit is ahead of Verizon and he thinks AT&T is the best in the group. He said they will be able to cut costs more. He said there may even be video shortages and he said he thought Qwest Communications International Inc. (NYSE:Q) should have done a dividend.

he did not that someone would buy Sprint Nextel Corporation (NYSE:S) because they have too big of a footprint.

In pharma, Cramer said GlaxoSmithKline plc (ADR) (NYSE:GSK) is the best one out there and it is not US-based. He said GSK is a share taker on shelf space and calls the company "best of breed." He said GSK does not seem as defensive as other companies have had to be, and is more positive and not as afraid of the media compared to others.

Cramer did say Bristol Myers Squibb Co. (NYSE:BMY) should be for sale, but noted first that they are in the dog house.

Jon Ogg is a partner in 24/7 Wall St, LLC; he does not own securities in the companies he covers.

On Jim Cramer's STOP TRADING segment on CNBC today at 2:25 PM EST, Cramer made the argument that the market has higher to go even with the Dow Jones industrial average at new highs.

Cramer says he hasn't seen an oil decline this aggressive, and he said NAT GAS was manipulated up last year. He noted the S&P is very financially oriented.

He said the Janney Scott piece saying housing prices are going up too much was just wrong.

On technology, Cramer thinks the coming quarter might not be that good and you'll have to pick through it.

He loves financials like Wells Fargo (WFC) and Goldman Sachs. He also mentioned Morgan Stanley (MS), Merrill Lynch (MER) and Bear Stearns (BSC). And he noted JPMorgan (JPM) and Citigroup (C).

He was very positive on Google (GOOG) and noted Oracle (ORCL).

Jon Ogg is a partner in 24/7 Wall St., LLC; he does not own secutrities in the companies he covers.

Jim Cramer on today's STOP TRADING segment violated his show's title: he essentially said KEEP TRADING.

Last night he was calling for a "mom-back," essentially a "back up the truck and buy" bias on the entire market. He has been positive, particularly, on techs and drug stocks, as they lead the market higher.

He said it is the most "stealth bull market" he has seen. May 11 was essentially the peak of oil, said Cramer, and it is now bouncing and may go lower. He thinks oil stocks have been trying to find a bottom, and says the market rally has legs.

As for analyst earnings estimates? Too low.

Arch Coal, Inc. (NYSE:ACI) is one that is too far off and he has noted it as a possibility as a buyout target for a big oil company down the road. He also noted Massey Energy Company (NYSE:MEE) might be a target.

Jon Ogg is a partner in 24/7 Wall St.; he does not own securities in the companies he covers.

Cramer on his STOP TRADING segment on CNBC at 2:45 PM EST today:

He says start buying Lowe's Companies, Inc. (NYSE:LOW). He said go back to August 8 on Target Corporation (NYSE:TGT) and Cramer said the "growth is over" conversations and he doesn't believe it.

He is also out saying Buy Sears Holding Corporation (NASDAQ:SHLD) as it will start making money. He said it is a cash generator and they are having a good quarter.

He thinks The Allstate Corporation (NYSE:ALL) also will do well on no storms as will American International Group, Inc. (NYSE:AIG).

Jon Ogg is a partner at 24/7Wall St.; he does not own securities in the companies he covers.