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NEW YORK ( TheStreet) -- Our markets have gone from being overly complacent to overly worried. Those were Jim Cramer's thoughts to his "Mad Money" TV show viewers Monday. Cramer said that while investors have lots of worries on their minds, they're probably not worrying about what really matters. Case in point, the fiscal cliff. Cramer said the markets have swung from unbridled optimism to the sad realization that a deal won't be reached by year's end. Both sides continue to dig in their heels, said Cramer, which means we'll need to fall over the cliff so everyone can then unite on a package of tax cuts by the Super Bowl. In the meantime, be prepared for a 4% to 5% market dip. Then there are those worried about the Federal Reserve causing rampant inflation. Cramer said that view assumes the Fed's actions will actually work and stimulate growth and, more important, jobs. Let's hope it works, said Cramer, and worry about the consequences later. Retail is another worry on investors' minds. The effects of Hurricane Sandy, warm weather and the fiscal uncertainty are taking their toll, said Cramer, but that still leaves housing-related stocks and even the banks as good buys on weakness. Still others are worried about international issues, said Cramer. In reality, Europe's debt markets have been a terrific place to invest this year. Europe is stabilizing, he noted, and China is on the mend, making investments there a good idea. Finally, there's Apple ( AAPL), a stock Cramer owns for his charitable trust,
What the Heck?In his "What the Heck?" segment, Cramer turned the spotlight on Gannett ( GCI), publisher of USA TODAY, along with 81 other daily publications and over 500 magazines. Despite repeated assertions that print media is a dying industry, shares of Gannett are up 35% so far this year, trading just off their 52-week highs.
Sailing With BrunswickInvestors looking for yet another way to play the rebuilding efforts after Hurricane Sandy need to think of just one word, said Cramer: boats. The latest estimates peg the number of boats lost or damaged from the storm at 65,000 units, totally over $650 million in damages. Nearly 15% of all the boats in New Jersey, for example, were affected. That means investors need to be thinking about Brunswick ( BC), the number one boat maker in the U.S. and a stock that's already up 27% since Cramer last recommended it a year ago on Jan 30. Cramer said it may seem counter-intuitive to buy a boat maker just ahead of the fiscal cliff, but in addition to boats and yachts Brunswick also makes billiard tables and fitness and bowling equipment. While three-quarters of the company's revenue stems from its marine division, Cramer said the effects from the fiscal cliff are already baked into the stock. But the effects of Sandy will far outweigh the cliff, said Cramer, and there is also a huge pent-up demand for replacement boats because the average age of boats in the water has been climbing in recent years. Brunswick last reported a four-cents-a-share earnings beat and is aggressively restructuring itself and cutting costs. The company gets 58% of sales from the U.S. but only 18% from Europe. Brunswick is also expanding rapidly into Brazil, a huge boating market. Shares of Brunswick trade at just 12 times earnings with a 12.5% growth rate.