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Cramer: What's Working Now, and What Isn't

Stock quotes in this article: CAT , CFC , FLWT , HPQ , LEN , MON , PEP  

This column was originally published on RealMoney on July 25 at 10:52 a.m. EDT. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.

The formula is simple. It's like a checklist for what you can and can't own in a slowing U.S. economy with credit woes throughout the system brought on by what always brings it on: declining underwriting standards.

So first, here's the checklist of what must be avoided: ...

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