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High Growth Is a No-Go

High growth does not make a stock bulletproof, Cramer said during Monday’s Mad Money.

He learned that lesson the hard way. Back on Nov. 8, Cramer gave Homegamers a basket of five “indestructible” stocks that were supposed to grow regardless of the market. He likened them to a bulletproof vest, which protects as much of the body -- in this case, your portfolio -- as possible. These stocks didn't equal total protection, because in this market there's no such thing, but they were a good defense.

Unfortunately, though, Cramer got them wrong. His not-so-indestructible picks are down about 4%, while the S&P 500 is down 3% over the same period.

Foster Wheeler and Freeport-McMoRan , the companies with the biggest growth, are down the most, 15% and 20%, respectively. Medco Health Solutions , Altria are down a modest 0.5% and 1.8%, respectively. Transocean is actually up 1.9%. It’s these dependable little gains that investors want in this environment, Cramer said.

Jim's charitable trust owns Altria, Freeport-McMoRan and Transocean.

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  • Jim Cramer

    Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

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