RealMoney Radio Recap: Landing Gear

"There are two words you're going to hear a lot more soon," Jim Cramer told his "RealMoney" radio show listeners Thursday. "Soft ... landing."

The bust in the commodities markets of the last few weeks and the increased likelihood of a gentle slowdown in economic activity rather than a plunge into recession has led the equity markets to reverse their slide in anticipation that the Federal Reserve may be done tightening.

"Markets have been reacting in an appropriately bullish manner," he said. "The decline in commodities prices has lead to buying across the board in stocks."

As long as commodities went up, it led to worries at the Federal Reserve about inflation, Cramer explained.

Cramer then switched to talking about possible problem stocks that investors should avoid. Although large companies often offer investors security in volatile markets, that isn't always the case, he observed. And his first two trading ideas served to emphasize the point.

He recalled a conversation he had with Staples(SPLS Quote) founder Thomas Stemberg on Wednesday evening. Stemburg is very knowledgeable about "big box" stores, observed Cramer.

Stemburg had noticed, Cramer recalled, that although Wal-Mart(WMT Quote) was a slick operator in the U.S., the company was failing elsewhere. Most notably, Stemburg said, it was having a hard time in Germany, and South Korea.

"If you can't make it in Germany, you can't make it in Central Europe," Cramer said.

And he predicts that a forthcoming analyst meeting at Wal-Mart's headquarters in Bentonville Ark. will disappoint the market.

I would sell," Cramer said.

Next he moved to a discussion on Microsoft(MSFT Quote)and the announcement of a further delay in the company's new operating system.

"There is no new op system," said Cramer. "And that is Microsoft's fault."

"I know it's cheap and I own it for Action Alerts PLUS," he said.