"There are two reasons why housing gets bought: lower interest rates and lower prices," Cramer said on his
"RealMoney" radio show Thursday.
And both are true now. "This is not genius," he said. It's the way every business cycle works."
bottomed out in July after analysts downgraded them as a group, but they've come back up.
Cramer said he's been getting feedback from hedge fund managers and their minions that he's dead wrong on housing. But those folks just want to bring stock prices down so they can buy, Cramer said. "Housing stocks have spoken."
Different industries are driven by different things, Cramer said, like interest rates, consumer spending, agriculture cycles and airline trends. Cramer recommends
But with oil prices going lower, Cramer recommends getting out of tanker stocks and getting into defense companies such as
"This is absolutely the right time to buy tech, because tech is on sale today," said Cramer.
Tech is down today because of options-expensing problems, which makes it a good time to buy stocks such as
, he said.
To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.
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. Listen to Cramer's RealMoney Radio show on your computer; just click
here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click
here to order Cramer's latest 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
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.