Cramer: Expect Rotation Into Slower-Growth Stocks

This column was originally published on RealMoney on Feb. 27 at 9:18 a.m. EST. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.

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We are looking at serious declines, a 2% rout across the board. Can't be complacent about these, even as you know that what we will probably see is a rotation into the Procter & Gamble(PG Quote)/Altria(MO Quote) world because of worries about a global slowdown.

We've had a market all year where the Kelloggs(K Quote) and Altrias of the world have flatlined while every cyclical has been bid up madly. I see that being undone swiftly today. ...