He pointed out that the airlines can't buy planes, so investors are selling out of Boeing (BA), which makes planes, and Honeywell (HON), which supplies components for planes.

He pointed out that the airlines can't buy planes, so investors are selling out of Boeing (BA), which makes planes, and Honeywell (HON), which supplies components for planes.

Similarly, he said, investors found out that General Motors (GM) is running out of cash, so they sold out of Johnson Controls (JCI), which makes car parts.

"Right now I don't like the market other than a couple themes that I'm suggesting you circle the wagons around," Cramer said. "When even Conoco (COP) and Rio (RIO) and even the sacred Potash (POT) go down, I need you to think opportunity, not enemy," he said.

"Right now I don't like the market other than a couple themes that I'm suggesting you circle the wagons around," Cramer said. "When even Conoco (COP) and Rio (RIO) and even the sacred Potash (POT) go down, I need you to think opportunity, not enemy," he said.

"Right now I don't like the market other than a couple themes that I'm suggesting you circle the wagons around," Cramer said. "When even Conoco (COP) and Rio (RIO) and even the sacred Potash (POT) go down, I need you to think opportunity, not enemy," he said.

Cramer told viewers to sell Citigroup (C) Washington Mutual (WM), Wachovia (WB), AIG (AIG) Fannie Mae (FNM) and Freddie Mac. "You know I'm fearful about GM and Ford (F)," he said. "You know I don't like retail homebuilders."

Cramer told viewers to sell Citigroup (C) Washington Mutual (WM), Wachovia (WB), AIG (AIG) Fannie Mae (FNM) and Freddie Mac. "You know I'm fearful about GM and Ford (F)," he said. "You know I don't like retail homebuilders."