Cramer's 'Stop Trading!': Amazon

NEW YORK (TheStreet) -- "The ease with which you can short here is pretty remarkable," said Jim Cramer on Monday's 'Stop Trading!' segment on CNBC. "If I were at my old hedge fund, I have to admit, I'd be shorting everything. It just seems like there's very little risk right now."

He said he'd even short stocks such as WellPoint(WLP Quote), Humana(HUM Quote) and UnitedHealth(UNH Quote), even though the long-term picture might be sound. He said people overreact when they hear the term "public option" and begin to short these stocks, and "Washington doesn't care what happens to stocks."

In the end, Cramer said, it won't hurt the stocks, "but who wants to be long?"

He also offered up a long-short pair in Nucor(NUE Quote) and U.S. Steel(X Quote). "I want to sell Letter X, and I want to buy Nucor," he said.

Cramer said that before Amazon(AMZN Quote) reported, people were anticipating a "major move against them" by Wal-Mart(WMT Quote). But he said Amazon is now the "lowest-cost producer on the Web," something that used to be Wal-Mart's game.

"Wal-Mart cannot dominate on the Web because they don't have the fulfillment down like Amazon does," Cramer said. "If Wal-Mart can't be low-cost, why go there?"

-- Written by Rebecca Corvino in New York.