Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
Cramer said he's been negative on big chunks of the market for quite some time now. He said the momentum names, those with little to no earnings, are like straw houses getting blown away with any market winds.
But those stocks with solid growth and solid earnings, along with those that offer big dividends and the possibility for mergers or breakups, are the brick houses that can withstand any market storm.Cramer said the market has gone up a ton, so he's certainly not discouraging investors from taking profits and raising cash. But while much of the market is worrying over falling interest rates sending the economy back into recession, the smart money is focusing on the positives -- like more people getting put back to work. Some investors cited Wal-Mart's (WMT) disappointing quarter as a reason to worry, but Cramer pointed to both J.C. Penney (JCP) and Nordstrom (JWN) as proof that maybe Wal-Mart's problems are just Wal-Mart's. In the end, Cramer said there are fewer good stocks out there, but they are still out there for those willing to embrace the positives.