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RealMoney Radio Recap: The Silence of the Bears

Cramer says that market naysayers gone quiet points to consumer strength. Also, wobbly Wal-Mart.

"I often declare to people out there that I'm bullish in this market and that there is a way to make money whether it's an up or down day," Jim Cramer told listeners of his

"RealMoney" radio show Tuesday.

However, there's a flipside to all this. There are people "who want the market to be negative so they can win," Cramer said. "We call these people the bears."

But as of late, the bears have been quiet. This is because if things were so bad in housing -- and if the consumer were suffering from higher rents, lower salaries and huge discretionary spending being trashed by higher oil prices -- "don't you think we would see more defaults and little businesses walking away from loans?" Cramer asked.

The fact of the matter is "we haven't seen this," Cramer said. And for once, the newspapers haven't been burying the strength of the consumer.

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A lot of people signed up for credit cards this year, and Cramer said that if he were a bear, he would portray this as "dangerous" and point out how consumers are borrowing too much.

Cramer also said he would point out that when credit borrowers realize that the value of their homes is plummeting, they would default on their cards and "cause loan losses to soar."

The bottom line is, the financial group could not be healthier at this stage in the cycle, Cramer said.

"There are tons of bears out there that think it's prudent to keep you out of the market. But I believe it's prudent to stay in and reckless to stay out," he said.

AT&T

(T) - Get AT&T Inc. Report

and

Comcast

(CMCSA) - Get Comcast Corporation Class A Report

have seen "amazing gains" this year, Cramer said.

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There hasn't been a week when these two stocks have not "rolled higher," he said. "These are stocks that never seem to come in or go down."

While market players kept hearing how AT&T and Comcast were going to "kill each other's gross margins" and how "these telco cable wars were going to destroy the stocks," they keep reaching the 52-week highs week after week, Cramer said.

Not only have these companies bought back "tremendous amount of stock," but also, "consolidation in both industries -- cable and telephone -- has led to a more benign pricing environment," Cramer said.

Comcast offers the triple play of Internet, cable and telephone, which is "something people want." And AT&T can offer a cell-phone play that is "for once, in great shape for profitability now that there are only a handful of cell-phone players," Cramer said.

AT&T and Comcast are both going higher, he said.

Wal-Mart Wobbles

When

Wal-Mart

(WMT) - Get Walmart Inc. Report

, the "giant imploding retailer," decided to stop expanding to get its 1% to 2% growth in order, the market rejoiced, said Cramer.

The market saw a five-point gain in

Sears

(SHLD)

, which Cramer owns for his charitable trust,

Action Alerts PLUS.

In addition,

JC Penney

(JCP) - Get J. C. Penney Company, Inc. Report

,

Kohl's

(KSS) - Get Kohl's Corporation (KSS) Report

,

Best Buy

(BBY) - Get Best Buy Co., Inc. Report

and

Lowe's

(LOW) - Get Lowe's Companies, Inc. (LOW) Report

all benefited, he said.

"Stick with this group," Cramer advised.

Another stock people should consider is

Halliburton

(HAL) - Get Halliburton Company (HAL) Report

, which Cramer also owns for his charitable trust,

Action Alerts PLUS, he said.

Halliburton, which is about to spin off "one of the gems of infrastructure," KBR, didn't move after it reported a "great" quarter on Monday, Cramer said.

It "blew away its estimates" and said it was unaffected by the decline of natural gas, but "nobody believed them," Cramer said. "We are starting to create some serious bargains in the oil and gas area."

After all, "How much can oil and gas be loathed?" Cramer said.

He said he likes Halliburton and believes that it's cheap, although it may not have bottomed yet.

Cramer's Callers

Sherwin-Williams

(SHW) - Get Sherwin-Williams Company Report

is going to win its lawsuit over lead paint, Cramer told a caller.

However, after listening to the company's conference call, he believes that "the big gains have been had here."

Cramer suggested taking gains and selling the stock.

"

Staples

(SPLS)

, makes a lot of sense to own," he told another caller.

Cramer advised listeners to swap out of

Office Depot

(ODP) - Get ODP CORPORATION Report

and

OfficeMax

(OMX)

and to get into Staples.

Responding to his next caller, Cramer said he would buy more

Charming Shoppes

(CHRS) - Get Coherus BioSciences, Inc. Report

if it went down a dollar. Charming Shoppes was recently trading at $14.74.

Cramer believes that the stock will move and likes it very much, especially because the holiday season is upon us.

Arena Pharmaceuticals

(ARNA) - Get Arena Pharmaceuticals, Inc. Report

is "reacting poorly to a recent downgrade," but that downgrade was a "mistake," Cramer said.

"I would buy 100 shares here and buy another 100 if it gets hit when it reports later this week," he said.

Cramer called Arena a "great speculative stock" and said he wasn't going to back down from it.

He told another caller he believes that

DivX

(DIVX)

, which was recently trading at $25.29, will make it to $30.

However, because the caller had seen a four-point profit, Cramer recommended taking a little off the table and allowing the rest to run.

At the time of publication, Cramer was long Sears and Halliburton.

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

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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

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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.

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