Steely Jim Cramer at Penn State

I just watched the 11 p.m. rerun of Mad Money's visit to Penn State today. I hoped to learn a few things I could apply to my economic stimulus plan. I was stunned to hear Jim talk about a steel industry renaissance.

RENAISSANCE? If I had a nickel for every time I heard someone in Pittsburgh lament that life hasn't been the same since the steel industry died, I'd be blogging about investing more than $600!

And now you're telling me it's a viable stock?

Seriously. Why do kids leave the state immediately after graduation? Poor economy thanks to dying steel industry. Why is Ambridge like that? Dying steel town.

Apparently the weak U.S. dollar makes American steel companies more attractive to folks here and around the world. The companies Jim mentioned were Pittsburgh-based U.S. Steel (helps to have U.S. Steel CEO John Surma on the program; Surma is a Penn State product to boot.), AK Steel (corporate office is in Ohio) and Nucor (based in Charlotte, N.C. I was just there!). Incidentally, I do like how Nucor tabulates tons of recycled scrap this year on its site.

Those Penn Staters really knew their stuff about what to buy and sell. I was concerned when Jim pressed them, but the kids did all right talking up Nike and EXC with the exception of the girl who hearts Allergan. Allergan's products are Botox and the Lap Band. I won't rule out the Lap Band but I am soooo not a fan of injecting stuff into my face.

Also, I find Jim's antics mildly entertaining. But the Boo-yah! has got to go. It's sooooo dated! Stuart Scott called from the late 90s. I'm pretty sure he doesn't even want his catch phrase back. Here's the Mad Money Lightning Round OT from PSU. Sphere: Related Content