Recession Stocks Still Clean Up Nicely

When I talked with Bill Gross yesterday about whether there is a bull market somewhere -- he said there isn't -- I wonder whether you can really argue that point if oil falls so hard and natural gas plummets to $5-$6. Bill is the best bond buyer in the world.

The market is wondering, too. Every recession stock I deal with, everyone, everyone who put price increases through, every food and soft-goods stock, everyone, is up. Is that something worth missing? Isn't that worth looking for? Can't we just state that in this market there has been lots of money made in Procter & Gamble(PG Quote - Cramer on PG - Stock Picks) and Pepsi(PEP Quote - Cramer on PEP - Stock Picks) and Clorox(CLX Quote - Cramer on CLX - Stock Picks) and the like?

Do you know that there have been many, many periods when only the stuff that you can eat, smoke, drink and wash with went up?

Do you know there were years and years where you couldn't buy anything commodity? I mean years. Years when everything from the ground had to be shorted every time it lifted.

But no one seems to remember that, and people think the gains in Clorox somehow don't count, even as the gains in Mosaic(MOS Quote - Cramer on MOS - Stock Picks) and Agrium(AGU Quote - Cramer on AGU - Stock Picks) did.

The happier-days-are-here-again stocks because of lower oil -- Lowe's(LOW Quote - Cramer on LOW - Stock Picks), UPS(UPS Quote - Cramer on UPS - Stock Picks), Costco(COST Quote - Cramer on COST - Stock Picks), Wal-Mart(WMT Quote - Cramer on WMT - Stock Picks) -- ain't so bad either.

These are legit stocks, including Anheuser-Busch(BUD Quote - Cramer on BUD - Stock Picks) and Wrigley(WWY Quote - Cramer on WWY - Stock Picks), that I highlighted endlessly on my show, and I don't mind being on the defensive. Let me give you some levels that I have said would hold : The BKX was at 46.52, it is at 65; the HGX was at 93, it is now at 123. The S&P 500 -- my most vulnerable -- was at 1200, it is at 1224; and the Dow Jones Industrial Average was at 10,731, and it is now at 11,098.

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