Another day, another hour of Jim Cramer.

I committed myself to watching CNBC's Mad Money all week long. Maybe I should have stopped at the first three words of that sentence. However, even the baron of boo-yahs requires a second opinion. I'm here to help.

Last night's show was a good one, lacking Monday's contradictions and Tuesday's bait and switches.

One of his first callers asked for Cramer's opinion on a pair of utilities. Rather than render a bullish or bearish opinion on the companies, Cramer suggested buying a utility mutual fund instead. Yesterday's collapse of Great Plains Energy (NYSE:GXP), after the company slashed its dividend in half after posting disappointing quarterly results, clearly made an impression on Cramer. When you buy a utility stock exclusively for the yield, it's hard to bounce back when a stock takes a 21% dive in a single day.

I found myself nodding along with Cramer's advice. It frightened me.

He then interviewed a pair of CEOs. St. Jude Medical (NYSE:STJ) CEO Daniel Starks offered his opinion on why a company that makes medical devices like implantable defibrillators and pacemakers is recession resistant. Cramer calls it the "best of breed" in its field, ahead of rivals like Medtronic (NYSE:MDT) and Boston Scientific (NYSE:BSX).

The second corporate chieftain was VF's (NYSE:VFC) Eric Wiseman. Cramer sees VF as a sharp play on retail since VF is both a chain operator and a supplier to other merchants with its brands like North Face, Nautica, and Wrangler. The company sports a healthy 4.1% yield and has hiked its dividend for 36 years in a row. Beyond the irony of showing Brett Favre's Wrangler ad in the background -- on the same day he became an iffy spokesman by announcing his retirement after giving the New York Jets just one year on a squandered draft pick trade -- I found myself agreeing again with Cramer. Curses, Jimbo!

The lightning round was a blur, as it always is with Cramer. He panned more stocks than he liked. When someone brought up a bank stock, he once again repeated that the only banking plays he is recommending are Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS). Why are folks even calling up with other banks?

I disagree with Cramer here. Finally! I think any reasonably priced bank that has refused TARP money is worth researching. All of the rest are doomed to meander.  

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Longtime Fool contributor Rick Munarriz is a fan of Cramer and even read his autobiography a few years ago. He does not own shares in any of the companies in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.