RealMoney Radio Recap: Reluctant Reach for Retail

Market players are seeing disappointing results and not taking any real action off of them, Jim Cramer said on his "RealMoney" radio show Thursday.

There have been disappointing numbers from Kohl's (KSS Quote) and Target (TGT Quote), which tells Cramer that inventories must not be selling.

In the last few days, retailers have been down because business wasn't good, he said. But now, perhaps these companies are done going down.

"I want to own them because it's going to be a good Christmas," Cramer said. "You have to own these stocks before Christmas."

"I keep saying to myself that I am a bull, yet I keep thinking that stocks with bad numbers, whether they be Ingersoll Rand (IR Quote) or American Standard (ASD Quote), will go down and stay down," Cramer said. "But they haven't." Cramer owns Ingersoll Rand for Action Alerts PLUS, his charitable trust.

"The market is forgiving," he went on to say. "It may be down five straight days, but it's not nightmarish, and there are buying opportunities."

Mutual funds, companies that tend to have their fiscal years at the end of October, try to take as many losses in October to balance their taxes, said Cramer.

Then in November, they have to ring the register, Cramer explained.

We're in the period where mutual funds are selling right now, he said.