TheStreet.com TV Recap: Play It Safe

People need to understand this is not the end of the market, but another shift of the bull market to the Cokes and the Pepsis, he said.

Regarding tech, Cramer believes it's "no good." While Cisco (CSCO Quote) at $25 and Microsoft (MSFT Quote) at $27 are "real good," tech in general is "wrong" and will not be good until the summer, he said.

Yahoo! (YHOO Quote), which Cramer owns for his charitable trust, is up because Legg Mason (LM Quote) is buying it, he said.

eBay (EBAY Quote) is going to be up because it is buying back more stock than Cramer said he's seen, other than IAC/Interactive (IACI Quote), "which is also going to be up."

If people don't like the market, they should sell it, and if they do like the market, they should buy the soft goods stocks, Cramer said. But investors should not be scared, otherwise they're going to miss the Kellogg, (K Quote) General Mills (GIS Quote) and Pepsi moves up, he said.