The pain being felt Thursday in ethanol plays like The Andersons ( ANDE - Get Report) is a good sign for the broader market, Jim Cramer said on CNBC's "Stop Trading!" segment Thursday.

"You can't get a bottom until they take out every last group and shoot them," Cramer said, noting that ethanol outfits like The Andersons, Archer Daniels Midland ( ADM) and Pacific Ethanol ( PEIX - Get Report) had represented one of the last strong groups.

Cramer repeated his praise for Sears ( SHLD), which was up in a down market following a solid quarter. "People love to bet against Eddie Lampert," said Cramer, referring to the company's chairman. "They think there's no way some 43-year-old kid knows more than they do. Guess what? They're wrong."

Cramer touted Tiffany ( TIF - Get Report) for its dividend and said Countrywide was being beaten down indiscriminately. "You could not have a stronger stock and they're just pancaking the son of a gun."

Cramer also noted weakness in Wells Fargo ( WFC - Get Report), which he said might also be undeserved but didn't matter in the current environment. "You know what they have in common with the other things we are talking about? They are stocks," Cramer said.

Cramer again praised Hewlett-Packard ( HPQ - Get Report), whose CEO Mark Hurd Cramer compared to a comet "that only comes around once every 100 years."

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

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