Cramer: Bears Can't Stop Us Now
Despite a slew of bad economic news Thursday, people still bought stocks and the market went higher.
"The buyers are in control. The glass is always half full to these guys, even on a day like this one," Cramer said on Thursday's "Mad Money."
In other words, the bears continued to spout their negative viewpoints, but everyone else kept buying. And while negative economic news may still persist, there's still a way to play it.
With unemployment still high, the "Mad Money" host recommends buying Family Dollar and Dollar General . As consumers continue to struggle, they'll shop at these discount retailers.
If the Federal Reserve starts printing money, buy gold, copper and iron ore. Cramer likes Freeport-McMoRan Copper & Gold to $120 a share, gold to $1,400 an ounce and iron ore producer Vale to $35 a share.
While for-profit education stocks had been a growth area, the space recently ran into trouble, specifically a growing number of federal regulations. Want growth? Try Deckers or Chipotle . In the technology space, he likes Apple , NetApp or Google after it's "fantastic earnings" reported Thursday.
Natural gas too low? Cramer likes chemicals play Lyondellbasell and aluminum maker Alcoa , which benefit from fuel being less expensive.
Grain prices too high? Try fertilizer stocks CF Industries or Potash .
Worried that Intel pricing won't hold up? Go buy some beneficiaries, like EMC .
"This is a remarkable moment where the bears who have seized control of the media have created an atmosphere where it seems like no one believes anything could go higher," Cramer said. "While those in control of stock buying see silver linings and glasses half full everywhere, which is why we didn't go down nearly as hard as I thought we would."
When this story was published, Cramer's charitable trust owned Apple and Vale.
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