"The same stocks that were up so beautifully at the end Tuesday are down so hideously today," Jim Cramer said on his "RealMoney" radio show Wednesday.

This is going to be a down week, he said, but yesterday's fake-out rally sucked a lot of people in. While some people want to get into stocks as they go up, Cramer said he recommends getting out when stocks go up and getting in when they go down.

Cramer said he advocates selling strength and buying weakness. People need to stay diversified, play defensive, buy consumer stocks and not be aggressive, he said.

In this market, which is difficult to fathom, Cramer said to buy Pepsi ( PEP), Eli Lilly ( LLY) and maybe Altria ( MO), which he owns for his charitable trust, Action Alerts PLUS .

In addition, he suggested soup, cereal and soap stocks for people who want to protect themselves. If you are able to take the pain, hold on to the basic companies that people can't ignore, he said.

"Know your time frame and your pain tolerance and work around it," he advised.

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.
At the time of publication, Cramer was long Altria.

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 clicking here.

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