Publish date:

Jim Cramer's Stop Trading! Don't Sell What Works

Names like Colgate and Coke should be bought, he says.

The market has it wrong, Jim Cramer said Monday on

CNBC

's "Stop Trading!" segment.

What does that mean? Traders are selling down the stocks that do well in a slowdown or recessionary environment, names like

Colgate-Palmolive

(CL) - Get Colgate-Palmolive Company Report

,

Coca-Cola

(KO) - Get Coca-Cola Company Report

and

Procter & Gamble

(PG) - Get Procter & Gamble Company Report

.

In fact, stocks like these are the one that should be bought, he said.

TheStreet Recommends

The liquidity worries weighing on the market in recent weeks have made it very difficult for traders to make the right play, he said, and many are wrongly expecting an emergency

Federal Reserve

meeting and rate cut.

Don't hold your breath, he suggested.

"I think the Federal Reserve has a game plan," he said, "and the plan is to wipe out anyone who speculated."

The Fed is likely expecting a recovery for next year as the election approaches, he believes.

At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click

here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click

here to order his book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.