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Cramer's Stop Trading!: Vodafone, IBM

On Jim Cramer's Stop Trading! segment Tuesday, Cramer said that the 'waffling' of Jean-Claude Trichet, president of the European Central Bank, is what's making the markets nervous right now.
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NEW YORK (TheStreet) -- On Jim Cramer's Tuesday Stop Trading! segment on CNBC, Cramer said that the "waffling" of Jean-Claude Trichet, president of the European Central Bank, is what's making the markets nervous right now.

Cramer said he thinks that Trichet needs to tell the world that European Union leaders will fix Europe's debt crisis, "by any means necessary," given that the global economy is currently in a "by any means necessary" situation.

"I'm looking for gigantic quantitative easing," Cramer said.

Cramer said he's been unimpressed with EU leaders' handling of the debt mess and wonders where German chancellor Angela Merkel has been throughout the crisis.

So what are some of Cramer's top picks in this volatile market?

IBM

(IBM) - Get International Business Machines (IBM) Report

, for one, has a "great growth strategy" that Cramer says he can't ignore.

And with

Verizon

(VZ) - Get Verizon Communications Inc. Report

and

AT&T

TheStreet Recommends

(T) - Get AT&T Inc. Report

both down, Cramer has turned his attention to telco stock

Vodafone

(VOD) - Get Vodafone Group Plc Sponsored ADR Report

, which he likes for its growth and yield.

Cramer's Stop Trading!: Google, Baidu

Click here for the recap of Cramer's Monday Stop Trading!

-- Reported by Andrea Tse in New York

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