Cramer's 'Mad Money' Recap: Dow 6,000?

A Survivor's Portfolio

Cramer's on record saying that anyone who needs money in the next five years should not be in stocks, but what about for the longer term? He introduced his "I Will Survive" portfolio, a group of stocks which he says will likely go lower in the short term, but will emerge stronger from the end of the recession.

Still Shopping at Wal-Mart

First on the list is Verizon (VZ), a company which just recently raised its dividend and is "amazingly undervalued" said Cramer. He said he's likes AT&T (T) in this space.

Second is retail giant Wal-Mart (WMT), a stock which he owns for his charitable trust, Action Alerts PLUS. Cramer said no matter what happens to the economy, Americans are still going to shop.

Third is another Action Alerts Plus name, BP (BP). Cramer said he likes BP's 8.3% yield and its strong balance sheet.

Next is General Mills (GIS), another Action Alerts Plus name, which Cramer said is cheap by historical standards, trading at just 13 times its forward earnings. General Mills, he said, is the perfect eat-at-home play.

Cramer said no portfolio would be complete without a gold stock, and his favorite remains Agnico-Eagle Mines (AEM). Agnico Eagle is poised to capitalize on what is likely to be a multi-year run in gold.

Finally, Cramer said the last item in his portfolio needs to be cash. He said investors will need a good reserve of cash to buy all of these names as they continue to drift lower.