Everything Jim Cramer said about the stock market on 'Mad Money,' including Saudi oil strikes, valuing cloud stocks and Saudi Aramco's IPO

slipped 0.28%, or 23.17 points, after a drone strike on Saudi Arabia's oil industry knocked out 5.7 million barrels of crude production out of Aramco facilities. That equates to about 50% of the kingdom's oil output.host argued that a lot of stocks on Wall Street can perform better with higher oil prices and others that can do well if those prices cause the economy to slow. That helped prevent the market from seeing even more carnage during the session.

"I know this stock market's resilience could melt if the White House decides to make an all-out strike against Tehran," Cramer said. "But, man ... it's amazing how the averages pretty much shrugged off such a major [oil production] decline, something that would've been totally impossible to even think about a decade ago, and that's worth keeping in mind.

"When you make these kinds of decisions, you need to be ruthlessly logical, not emotional ... We're in triage mode, and that means we need to be as objective as possible," he said. "We're going to run our whole cloud universe through these two filters — one is for fundamentals, one is for valuation. Anything that passes both filters, well then you've got my blessing buy down here after the big sell-off.

Paxos, a privately held financial institution that provides a way to move between physical and digital assets, has launched a tokenized version of the precious metal called PAX Gold. CEO Charles Cascarilla, who co-founded the firm in 2012,to buy the commodity. "We're really a technology firm at heart, and so we're trying to give you the confidence of a bank, but the innovation of Silicon Valley," he said in a sitdown with Cramer. "And that's just different from, I think, most institutions that are in the banking world today."An Aramco oil tank is seen at the Production facility at Saudi Aramco's Shaybah oilfield in the Empty Quarter, Saudi Arabia.

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