Cramer Highlights

• Cramer is trying to get to the bottom of what’s behind the relentless selling in the markets.
• He called the markets a “true financial Armageddon”.
• All asset classes, except Treasuries, are declining at an alarming rate, mirroring what happened during the Great Depression.
• Cramer said stocks are taking the brunt of the decline because they’re the most liquid asset class out there.
• When large funds need to raise cash, they turn to stocks.
• Since bonds are currently trading in an illiquid state, funds are forced to sell equities.
• Thus putting all of the burden on stocks, regardless of the underlying fundamentals.
• Also there’s a tremendous desire for mid-cap turned small-cap companies to take themselves private.
• With credit markets tight there is just no money available to do so.
• Markets will not see a bottom until the credit markets loosen, forced selling stops and companies are able to take themselves private to escape the carnage.
• He advises investors to buy in small increments on the way down and sell into strength, like today, to raise cash.
• Cramer still recommends recession resistant stocks.
• The companies he see’s as safe investments have high dividend yields and are trading at or near their cash values.

Here’s the list of stocks from Cramer’s Mad Money Show for Friday, November 21, 2008

Thumbs up for these stocks………….
DEO – Diageo $51.96
GNTX – Gentex $7.19
TNH – Terra Nitrogen $87.94
CLNE – Clean Energy Fuels Corp. $4.01
CRM – SalesForce.com $22.32 (CRAMER WOULD BE A BUYER WHEN MARKET BEGINS TO CARE ABOUT GROWTH AGAIN)
OC – Owens Corning $12.08 (CRAMER WOULD BE A BUYER ON ANY WEAKNESS)

Thumbs down for these stocks………..
CF – C F Industries $46.64
STI – Suntrust Banks $22.45