Scale Out of Trading Stocks Ahead of the Fed

We are not Britain. They are Countrywide (CFC - commentary - Cramer's Take) without the bailout. We have had our Northern Rock. There could be more such blowups in the U.S., but none that can be as visible or as awful or have as much of an impact.

So we don't go down on it.

Nonetheless, I am concerned that the market is going up ahead of this darned Fed meeting. All we are doing is raising the risk that we'll go down no matter what the Fed does.

Fortunately, the rallies are occurring in infrastructure, casino and ag -- how great is Monsanto (MON - commentary - Cramer's Take)?!? -- which can be resilient in the face of whatever the Fed does.

Unfortunately, they will be a natural kneejerk place to dump stocks. That's why I would be scaling out of some trading stocks, such as Deere (DE - commentary - Cramer's Take) or Exxon (XOM - commentary - Cramer's Take) or McDermott (MDR - commentary - Cramer's Take) or Wynn (WYNN - commentary - Cramer's Take) even though I really like these under a twofold motivation:

1. We are really pigs at this point with these groups and stocks.
2. You need something to buy if my theory plays out that there will be no good alternatives initially coming out of the meeting.

At the time of publication, Cramer had no positions in any of the stocks mentioned in this post.

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