Jim Cramer was on the Live with Regis and Kelly show today and talked about the following rules:

1) Invest in things that make you mad

His example was that if you are paying $2.65 at the pump and bad about it go buy Conoco (COP) and Valero (VLO). Regis suggested Starbucks (SBUX) lines make him mad.

2) Invest in a real estate stock

3) Don't own more than 20% of your company's stock - diversify your investments

4) $10,000 or less: Invest in mutual funds

If you could only buy one...
If Cramer could choose only one stock to buy right now it'd be Proctor and Gamble (PG)

Mini Lightning Round:

JDSU - NO!
LSI - do not sell that stock
NT - swap out of NT into LU
LU - okay
WMT - flat lined at 49 going no where
TGT - TGT is okay
C - it's okay
CBH - open all the time BULL
IACI - Gotta wait for the split before you get it, keep expedia and throw away the rest
DIS - What's not to like? Buy it hand over fist
TWX - Time Warner is killing me, keep doing things right and the stock goes no where
KKD - no no no 6 goes to 4
SIRI - 7 goes to 9, don't believe the downgrade by UBS this morning, he's an idiot.
HAL - I own it, its going higher
PAY - Probably goes to the mid 20s
BMY - think you make a little money theremortgage calculator