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Cramer likes to call his sister Nancy the original negative Nancy. But there seems to be a lot of those in the market right now. And that’s a mistake as far as the Mad Money host is concerned. There are just too many great buying opportunities out there.

January saw a similar fit of selling. What was Cramer’s advice? Buy the bull markets: agriculture, defense, minerals, oil and gas and healthcare cost containment. The strategy worked then, and he’s confident it will work now.

Sure, the Freddie Macs [FRE  Loading...      ()   ], Fannie Maes [FNM  Loading...      ()   ] and Citigroups [C  Loading...      ()   ] need more rate cuts. But the housing woes have taken down plenty of great stocks that didn’t deserve the mistreatment.

Merck [MRK  Loading...      ()   ], Schering-Plough [SGP  Loading...      ()   ] and Allergan [AGN  Loading...      ()   ] are all buys, Cramer said. So are Wellpoint [WLP  Loading...      ()   ] and Unitedhealth [UHS  Loading...      ()   ].

What about the yields utility stocks are offering? Duke Energy [DUK  Loading...      ()   ], 5%. Con Ed [ED  Loading...      ()   ], 5.7%.

The oil companies and trusts offer even better. Permian Basin Royalty[PBT  Loading...      ()   ]  pays out 12%. The Hugoton [HGT  Loading...      ()   ]  and San Juan Basin Trusts [SJT  Loading...      ()   ] pay more than 7%. BP [BP  Loading...      ()   ] offers 5%.

And don’t forget Cramer’s other dividend-paying favorites: Altria [MO  Loading...      ()   ], AT&T [T  Loading...      ()   ] and Verizon [VZ  Loading...      ()   ]. With the return on cash dropping ever lower, these yields are a better way to draw income from your investments.

Cramer also reiterated his calls last night on Chesapeake Energy [CHK  Loading...      ()   ], Potash [POT  Loading...      ()   ] and Agnico-Eagle [AEM  Loading...      ()   ]. Use the dip – and any others in the future – as a chance to buy in.

Here’s why Cramer’s so bullish right now: People are petrified. No one else is screaming buy. That and the amount of short-selling going on signal a market bottom, he said, and not a top. With no positivity priced in, any good news could have a huge impact.

So don’t be running from the market when you should be running to it.

Jim's charitable trust owns Altria, BP, Schering-Plough and Unitedhealth.

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