Stocks to Own in the Era of a No-Grow Fed

Can someone, anyone, tell me why we can bank on this Fed? "The Fed has to cut 50 basis points or we are going to Dow 12,500."

Yeah, OK. I get it. Fed panicked and cut 50 last time we were shocked with a weak employment number. Maybe they will do it again.

But I look at it a different way. This Fed thinks it is smarter than all of us. It looks at ways to tinker to bring down the short-rates without attacking them head on. They are clever.

Clever's stupid.

I look at things very differently since last August. I look at the wrong course and think how that will impact the market.

It's been such a right call. I developed a stress test of financial stocks in the fall struck at 100; it hit 50 on Friday. This basket of home builders, banks, insurers and savings and loans is a total referendum on what the Fed will do and you can tell from its trajectory the Fed trend of screwing up and doing the wrong thing is your only friend.

Which brings me to the obvious conclusion: why do people insist on thinking that "if the Fed doesn't do this or that?."

Why don't we think, "What can we make money in, despite the Fed's attempts to keep stocks from going higher?"

I think you can make money in those twice blessed: the stocks that help cure famine and give us oil alternatives: Monsanto (MON - commentary - Cramer's Take), Deere (DE - commentary - Cramer's Take), Agrium (AGU - commentary - Cramer's Take), Mosaic (MOS - commentary - Cramer's Take), Bunge (BG - commentary - Cramer's Take) and Syngenta (SYT - commentary - Cramer's Take).

We can make money with companies that are adding reserves or helping to find deep reserves: XTO (XTO - commentary - Cramer's Take), Apache (APA - commentary - Cramer's Take), Anadarko (APC - commentary - Cramer's Take), Transocean (RIG - commentary - Cramer's Take), Conoco (COP - commentary - Cramer's Take), Schlumberger (SLB - commentary - Cramer's Take) and Halliburton (HAL - commentary - Cramer's Take).

And we can make money in long-term infrastructure plays that process crummy fuels and turn them into clean ones or develop alternative energy fuels or create giant petrochemical projects: Shaw (SGR - commentary - Cramer's Take), Foster-Wheeler (FWLT - commentary - Cramer's Take), Jacobs Engineering (JEC - commentary - Cramer's Take), Fluor (FLR - commentary - Cramer's Take).

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Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. To order Cramer's newest book -- "Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)," click here. Click here to order "Mad Money: Watch TV, Get Rich," click here to order "Real Money: Sane Investing in an Insane World," click here to get "You Got Screwed!" and click here for Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he appreciates your feedback and invites you to send comments by clicking here.

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