The Guide to Surviving This Crash

I have 21 stocks you can buy that will snap back huge. But more important, I have some advice.

What an awful day yesterday was. Nobody was happy. The standard arguments to justify these market prices no longer apply. Throughout history, the U.S. markets always made their way back to new highs. But it's easy to say now: "This time things are different." We have a universal run on the banks that everyone thought would get stemmed by the bailout.

My bank, Wachovia(WB Quote - Cramer on WB - Stock Picks), was taken over by Citigroup(C Quote - Cramer on C - Stock Picks). Who could've guessed that that would happen even two weeks ago, when Wachovia was considered so stable that it was considering taking over Morgan Stanley(MS Quote - Cramer on MS - Stock Picks). Thank God that didn't happen, I guess.

Listen, the worst can still happen. It's possible this is a national nightmare that doesn't end. Many older people are concerned about their retirement income. Many middle-aged people are pushing back their retirements. Many younger people are now confused about what sort of economy they are going to try to build their careers in.

My advice is a cliche, but I'll bring it down to more practical levels. The cliche is: It's more important now than ever to be positive. But there's a practical reason for this. Right now, there is opportunity. If we get through this in some form or other, there will never have been a greater opportunity in the past 20 years probably (or at least since 2002, which turns out in hindsight to have been the best time to start a business).

First off, let's buy some stocks. I've been buying. Specifically, I've been buying a wide range of stocks down 10% to 20% or more and down four or five days in a row or more. For every stock I buy, I've been shorting SPDR S&P 500(SPY Quote - Cramer on SPY - Stock Picks) against it.

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