King of Beers Gives the Fed 'High' Sign

Look out, one of my canaries in the coal mine is ramping here: Anheuser-Busch (BUD - commentary - Cramer's Take).

Remember, when you see BUD rising and breaking out, it's a sign that the Federal Reserve is going to tighten harder than we thought. When you see this stock moving up on no new news, that's big money betting the Fed is going to slow the economy.

Understand that we need more than just Anheuser-Busch moving up. We need to see General Mills (GIS - commentary - Cramer's Take), Sara Lee (SLE - commentary - Cramer's Take) and Heinz (HNZ - commentary - Cramer's Take) ramping. We need to see Procter & Gamble (PG - commentary - Cramer's Take) through par and Colgate (CL - commentary - Cramer's Take) above $55. We need to see Gillette (G - commentary - Cramer's Take) blow out of this range.

Hasn't happened yet.

But stay tuned. Anheuser-Busch is almost never wrong. It is the king of stock tells, as well as the king of beers.

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James J. 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 by clicking here. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column to [e-mail]. Listen to Cramer's RealMoney Radio show on your computer; just click here. Click here to buy Cramer's latest book, "You Got Screwed!" Click here to order Cramer's autobiography, "Confessions of a Street Addict."