Traditional safety stocks don't work in this environment, Cramer said during Friday’s Stop Trading!.
The typical investing strategy on a day when the Dow’s plummeted 337 points is to buy food and beverage or personal-goods stocks. But record oil prices of almost $139 a barrel have forced Wall Street to reconsider that approach. Companies like Clorox , Kimberly-Clark and Procter & Gamble – normally safe harbors during a market storm – are seeing much higher raw costs because their products are either made of or are wrapped in materials that are largely made of oil or petroleum.