Cramer's MAD MONEY Recap (MAR 2, 2007)

Tonights MAD MONEY with Jim Cramer on CNBC was more of a strategy session for a down market, and much less full of his normal buy-list stocks. 

Cramer said the close is not as important as what the intraday lows are.  On Tuesday we hit 12,086, but the lows are not clear because of the NYSE shenanigans.  On Thursday we got to 12,059 and today we closed at 12,109… Cramer says the silver lining in today’s close is that we never really took out the lows set in earlier in the week.  Despite this, you need a plan because we are likely not done going down.  He wants you to rank your stocks by what you like, what you would like if it was at lower prices, by what you will sell if it runs up, and then by what is one you want to sell.

Cramer tonight said he thinks you can own garbage collection stocks because they are partially recession proof and they would even do well in a Democratic led 2008 and beyond.  He discussed Stericycle (SRCL) and American Ecology (ECOL) are one sthat will hold up and have held up in bad markets.  Clean Harbors (CLHB) and Allied Waste (AW) will both hold up in bad markets as well.

Sinners win over Saints.  Cramer thinks that vices are better for investing than the socially conscious stocks.  He thinks oil and tobacco companies will make better money than the socially conscious. Vices are MO, DEO, BAT, RAI, LVS, MGM, WYNN, IGT, STZ.

Jon C. Ogg
March 2, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.