Cramer's 'Stop Trading!:' Germany, Oil

On his 'Stop Trading!' segment on CNBC Tuesday, Jim Cramer discusses the German government's move to ban the naked short-selling of stocks and government bonds at the country's ten main financial institutions.
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NEW YORK (TheStreet) -- Just before Jim Cramer's "Stop Trading!" segment on CNBC Tuesday, the German government revealed its intention to ban the naked short-selling of stocks and government bonds at the country's ten main financial institutions.

"This sort of thing smacks of panic," Cramer said. "They think there's a Lehman out there."

Cramer said he wished that governments, including the German government, would remain cool and collected. "I feel like I'm being made nervous by governments around the world," he said.

Cramer urged investors to be "a little protective, a little cautious." In an environment characterized by fear, he advised investors to seek out stocks that are high dividend yielders. "Cash, gold and some conviction" will also help investors ride out the rough patches, he said.

Turning his attention to energy, Cramer declared crude oil a buy, noting that prices have come down significantly and "there's real demand for it." There's a shortage of crude longer-term, he said, adding, "High-yielding

oil stocks are good."

He also recommended a few bank stocks, including

Bank of Montreal

(BMO) - Get Report

and

Deutsche Bank

(DB) - Get Report

.

Dividend Stock Picks 6 Banks Stocks with a 4% Yield

Goldman Sachs

(GS) - Get Report

, despite its great book value, "is too hot to handle," Cramer said. "There are too many parts."

Cramer advised staying away from health care stocks. "This group has gone horribly," he said. The exception was

Express Scripts

(ESRX)

. "It's the only green name" in the group, he said.

-- Reported by Andrea Tse in New York

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