RealMoney Radio: Sitting Bull

Right now is not the right time to sell or buy, Jim Cramer said on his "RealMoney" radio show Monday.

Instead, he suggests sitting tight and holding on to what people have.

Although he knows it can be difficult to do, he believes that selling into the weakness would not be the correct move. At the same time the market is still not oversold, and he said he doesn't see a major rally yet.

With 90 rate increases around the globe, the rate hikes are hurting businesses, he said. Although he does not see any more rate hikes six months down the road, people tend to look at stocks on a day-to-day basis and are becoming impatient, he said.

But sit tight, he suggested, there could be better times ahead.

Although newspaper stocks seem to have reached a level where they reflect franchise value, Cramer said there is no growth to them.

Growth is the reason we buy stocks and what we want out of stocks, he said. Right now newspaper stocks look good because they are cheap.

But in fact, their growth is going down, while their earnings are going up because they are firing people, he said.

"That's not sustainable," he said. "We want earnings to go up because of growth."

Ever since the Internet, Cramer said there's nothing cooking in newspapers. Stay away from these stocks, he warned.

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 clicking here.

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