"Mergers and acquisitions could be the potential savior for much of this market, everything from medical devices to industrials, to retailers, aerospace, utilities, foods and drugs and so many other groups," he said.
Cramer conceded that it has been a hard year for stocks other than those in the "Magnificent Seven," whose success has outshone most other sectors.
Cramer said the possible solution for the rest of the market isn't necessarily about challenging the "Magnificent Seven," but changing the percentage gain of other companies.
Cramer instead suggested mergers could lead to major gains in a variety of different sectors.
"But given his pro-worker attitude and the fact that mergers often lead to layoffs, I doubt he'll go there.
Persons:
CNBC's Jim Cramer, Cramer, he's, Joe, Biden, Lina Khan, he'll
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Federal Trade Commission, Nasdaq, Meta, Microsoft, Nvidia, Tesla