RECENT POSTS
- Don’t Trust Buybacks
- Buying the Right Sell-Off Stocks
- Buy Broken Stocks, Not Broken Companies
- The Biggest Market Myth There Is?
- The Key to a Successful Turnaround
- Lightning Round: Corning, Visa, NYSE Euronext and More
- Cramer’s 3 Stocks to Avoid
- Cramer: Play Defense with B&G Foods
- Cramer: Chico’s Proves Ailing Retailers Can Make a Comeback
- Cramer's Advice for the SEC
MAD MONEY FEATURES
PODCASTSWatch the Lightning Round whenever and wherever you want.
OFFICIAL MAD MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
CRAMERS SOUNDBOARDAdmit it: You've always wanted to hit the "They
know nothing!" button. Here’s your chance.
CHECK OUT OUR PHOTOSCheck out Cramer on set, back to school, behind the scenes and more.
SHOP FOR MAD MERCHANDISEBuy Cramer books, bobbleheads and other Mad Money merchandise.
RING TONESPick up the phone! It's Cramer! New Mad Money sounds for your cell phone.
TEXT MESSAGE ALERTMad Money's mobile. Get show highlights sent to your phone.
Dealing With a Decimated Dow
Text Size 
Web Editor, Mad Money
When the Dow drops 358 points, there probably isn’t an investment in any portfolio that’s working – except for gold, maybe.
Nike [NKE
Loading...
()
], which Cramer called the best consumer products company out there, and Research in Motion [RIMM
Loading...
()
], the best story in tech, are both down big Thursday. So forget about the banks, retailers, airlines and industrials. Boeing [BA
Loading...
()
], Citigroup [C
Loading...
()
], General Motors [GM
Loading...
()
], Honeywell [HON
Loading...
()
] – none of them can be touched.
Cramer recommended circling the wagons around minerals, oil and gas and agriculture stocks. Gold, too. Of course, even these names – ConocoPhillips [COP
Loading...
()
], Vale [RIO
Loading...
()
] and Potash [POT
Loading...
()
], to name a few – went down today. But that’s an opportunity, he said, not a reason to run.
Cramer’s other suggestion: Raise cash. Sell stocks if you have to. He said this sell-off probably isn’t over, so take profits and wait for a better entry point.
When the market finally bounces back, what’s the first to rally? Recession stocks, China-related commodities and commodities in short supply. Chesapeake Energy [CHK
Loading...
()
] for natural gas, Schlumberger [SLB
Loading...
()
] for oil service, Heinz [HNZ
Loading...
()
] and GlaxoSmithKlein [GSK
Loading...
()
], Cramer said.
“When we do get the light at the end of the tunnel – and I do not believe it’s a train coming at us,” he said, “those stocks will recover first.”
Jim's charitable trust owns ConocoPhillips.
Questions for Cramer?
Questions, comments, suggestions for the Mad Money website?
Data is a real-time snapshot *Data is delayed at least 15 minutes
