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NEW YORK ( TheStreet) -- Nobody wants to hear about opportunities on big down days in the markets, Jim Cramer told "Mad Money" viewers Monday. That's because for most investors, down days are a time to wallow in the European morass and focus on losses. But for smart investors, down days are nothing more than the markets putting great companies on sale. Investors not suffering from "market paralysis" Monday were able to buy great American stocks like Petsmart ( PETM), Ross Stores ( ROST) and Colgate-Palmolive ( CL) all at terrific prices. Other great buys included Johnson & Johnson ( JNJ) and Coca-Cola ( KO). What makes all of these stocks so attractive? The competition, said Cramer. With a 10-year Treasury bond yielding next to nothing and the 30-year bond netting just 2.5%, who won't be interested in a stock like Johnson & Johnson yielding 3.6% or Verizon ( VZ) yielding 4.5%? There are tons of great opportunities out there if investors know where to look. Sure, Johnson & Johnson didn't have a spectacular quarter, but its new CEO is highly motivated to streamline operations and bring out value, Cramer said, while the stock's 3.6% dividend pays you to wait for good things to happen. Even in the beaten-down oil patch, Cramer said there are opportunities like Baker Hughes ( BHI) and Halliburton ( HAL). Similar opportunities exist with the industrials. "It's hard to be a buyer when the sellers are shooting at you," admitted Cramer, but buying high and selling low is not an investment strategy that will make you any money.