Jim Cramer's Portfolios of the Week

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By Roberto Pedone

PEWAUKEE, Wis. (TheStreet) -- According to Jim Cramer, options expiration is driving the current market selloff. He pointed out that the only stocks that were holding up in the market were the agriculture and bulk shipping plays, such as DryShips(DRYS Quote) and Mosaic(MOS Quote).

Cramer said the market is experiencing some consolidation patterns that are in line with what happens around options expiration. He doesn't see the market making any sharp selloffs during this non-news environment, but he thinks we get nickel and dime selloffs.

Cramer also mentioned that the market bears are are using twisted logic when they try to talk the markets down. He thinks the bears should be arguing in the alternative right now. Cramer said if he were a bear, he would be saying, "There's a coming commercial real estate crash, but there might be a bubble happening at the same time!" He believes that the bears' current arguments are specious and will not make investors any money.

Recently, Cramer found opportunity in stocks to play off Ben Bernanke, agriculture breakout plays and five Cash for Caulkers stock picks. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on CNBC and his RealMoney blog posts (these blog posts might require a RealMoney subscription).

Cramer's Bernanke Stock Buys: Cramer believes that Ben Bernanke is the best central banker we could ask for. On Monday's "Mad Money" episode, he told viewers that Bernanke is good for stocks, and stocks can be bought ahead of any future speeches. The Cramer's Bernanke Stock Buys portfolio includes Visa(V Quote) and Merck(MRK Quote).