Cramer's 'Mad Money' Recap: Play It Safe

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Traders need to stack up on the indestructible stocks as they ride the market down, Jim Cramer told viewers of his "Mad Money" TV show Monday.

In this brutal market, he said, investors shouldn't expect any help from the Federal Reserve, which is not cutting rates fast enough to be of any help.

"We are not at a bottom," Cramer continued, which is why people should want to be in the stocks that should go higher: namely, the indestructibles. Play it safe or risk losing a lot of money, he warned viewers.

In 1990, when the market was plagued with credit problems relating to commercial construction, the indestructibles were what worked and they should work now, Cramer said.

Right now, he said, anything having to do with mortgages or is reliant on strong consumer spending or a strong U.S. economy, and any company that has to borrow to make money are all untouchables.

He said market players should use any strength in these groups to unload these stocks. He noted the financial sector also looks risky.

Preparation and diversification are the keys that will help people make money and survive this "difficult and brutal" market, he said.

According to Cramer, this is not the time to be afraid or panic and blow out of the market. He said people should stay in the game but play cautiously because it will be harder than usual to make money.

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