Cramer said his favorite play is Gilead (GILD).

Cramer pointed out that biotech stocks like Gilead (GILD), Celgene (CELG), Amgen (AMGN), Merck (MRK) and Genentech (DNA) are all trading higher. “This makes sense when you consider the calendar in 1990 and where we are troughing,” Cramer said. “It’s most likely a bet that the economy’s really going to be soft. If it plays out the way it did in 1990, you’ve got a six-month move here,” he continued.

Cramer pointed out that biotech stocks like Gilead (GILD), Celgene (CELG), Amgen (AMGN), Merck (MRK) and Genentech (DNA) are all trading higher. “This makes sense when you consider the calendar in 1990 and where we are troughing,” Cramer said. “It’s most likely a bet that the economy’s really going to be soft. If it plays out the way it did in 1990, you’ve got a six-month move here,” he continued.

Cramer pointed out that biotech stocks like Gilead (GILD), Celgene (CELG), Amgen (AMGN), Merck (MRK) and Genentech (DNA) are all trading higher. “This makes sense when you consider the calendar in 1990 and where we are troughing,” Cramer said. “It’s most likely a bet that the economy’s really going to be soft. If it plays out the way it did in 1990, you’ve got a six-month move here,” he continued.

Cramer pointed out that biotech stocks like Gilead (GILD), Celgene (CELG), Amgen (AMGN), Merck (MRK) and Genentech (DNA) are all trading higher. “This makes sense when you consider the calendar in 1990 and where we are troughing,” Cramer said. “It’s most likely a bet that the economy’s really going to be soft. If it plays out the way it did in 1990, you’ve got a six-month move here,” he continued.