Jim Cramer thinks a more severe recession could be back on the table due to political risk and rising unemployment claims. Cramer believes that investors are nervous after news broke late Thursday morning that Standard & Poor's cut its outlook on the UK to negative from stable. Now rumors are floating around Wall Street that the U.S. could be next in line to see its outlook downgraded and possibly lose its triple-A credit rating.

Cramer feels that the Obama administration is constantly coming out with new plans that put major companies in the

government's cross hairs.

Plans such as the cap-and-trade initiative and the credit card reforms are making big investors skittish with their energy, steel and financial stock holdings. Cramer thinks that a lot of Obama's plans would be better-received if the economic environment were more robust.

Despite the rising negative sentiment in the air and the complacency evident from low volatility readings, Cramer is still hunting down and discovering plenty of bull markets that investors can attempt to game.

Recently, he found opportunity in bank stocks, communications tech stocks and stocks the best performing mutual fund holds. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on

CNBC

and his

RealMoney

blog posts (these blog post require a

RealMoney

subscription).

To read more,

visit Stockpickr.com

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