Jim Cramer's 'Stop Trading!': Bear Market Plays

06/27/08 - 03:54 PM EDT

TheStreet.com Staff

"This is a true bear market," Jim Cramer told viewers of CNBC's "Stop Trading!" segment on Friday. Oil, gas and gold are all working, and Gilead(GILD Quote - Cramer on GILD - Stock Picks) and Pfizer(PFE Quote - Cramer on PFE - Stock Picks) are up today, which hasn't happened in a long time.

Cramer noted that Procter & Gamble(PG Quote - Cramer on PG - Stock Picks) is selling off once again and is close to its 52-week low. Cramer recommends to "go in and buy" because people always run to stocks with sound fundamentals in a bear market.

Cramer also recommends to buy Coca-Cola(KO Quote - Cramer on KO - Stock Picks) but noted there are some inherent risks. The stock "seems right to me and you have to take on some commodity risk," Cramer said.

Cramer mentioned Agnico-Eagle Mines(AEM Quote - Cramer on AEM - Stock Picks)(AEM Quote - Cramer on AEM - Stock Picks), which made a move up today. He said doesn't recommend buying the stock, but if you do own it, take some profits off the table.

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