Mad Money w/ Jim Cramer Mad Money w/ Jim Cramer 3/12/26
Mar 12, 2026
Lloyd Blankfein, former Goldman Sachs CEO known for leadership during crises. Gary Steele, CEO of Shield AI building autonomous defense drones. Michael Hurlston, CEO of Lumentum powering data-center optics. They discuss optics demand and NVIDIA ties. They cover drones and autonomy in modern combat. They reflect on Goldman culture, crisis leadership, and potential public markets for defense tech.
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Market Oversold Creates Snapback Opportunity
- Jim Cramer argues panic selling amid the Iran war may be misguided because most investors think the same negative scenario, creating potential for a sharp snapback.
- He cites an S&P oscillator at -7.5 and warns that extreme oversold readings often precede big rebounds.
Stay Invested Through Geopolitical Volatility
- Stay invested rather than selling everything because you risk missing the market rebound when the war ends.
- Cramer emphasizes uncertain timing of a ceasefire and that holding gives a better chance to recover losses.
Don't Dump Strong Consumer Stocks In A Panic
- Avoid selling high-quality, long-term consumer stocks like Pepsi during short-term turmoil.
- Cramer points to Pepsi's 3.5% yield and CEO Ramon Laguarta's performance as reasons to hold.
