Jim Cramer continues to tell investors that they need to stay defensive in this bear market. He says that now isn’t the time to be taking a lot of risk or investing too heavily in equities with the economic outlook so uncertain.

Cramer has been persistent about recommending only the high-yielding stocks, companies trading at or near their cash levels and recession-resistant plays with good dividends. He says these types of stocks are the best places for investors to hide in a recessionary environment.

Cramer insists that no matter what the market throws at him, he'll always be able to find a bull market somewhere.

Recently, he highlighted cheap stocks, companies that reported strong quarters and infrastructure stocks. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on CNBC and his RealMoney blog posts (these blog post links require a RealMoney subscription).

Cramer’s Cheap Stocks: Cramer says stocks have gotten too cheap, but it might be meaningless. In a Nov. 10 blog post, he wrote: “Can you get cheaper than Home Depot (HD)? Look at that yield! But if housing plummets further, is the yield safe?” Cramer’s Cheap Stocks include Las Vegas Sands (LVS) and General Electric (GE).

Cramer’s Hateable Market: Cramer says this market is easily hateable. In a Nov. 10 blog post, he wrote: “I don't think people realize the unique situation that is unfolding in the U.S. We can stabilize the financial system without creating demand, but it is demand that creates earnings.” Cramer’s Hateable Market stocks include Wells Fargo (WFC).

Cramer’s Strong Quarter Buys on a Pullback: Cramer sees opportunity in companies that have reported strong quarters. On last Thursday’s “Stop Trading!” segment, Cramer told viewers: “You have to go back and look at the places that reported great quarters.” Cramer’s Strong Quarter Buys on a Pullback include Colgate (CL) and Clorox (CLX).

Cramer’s Stocks That Need Bids: Cramer says we need something positive in the market to provide a bid for the Nasdaq and oil. In a Nov. 11 blog post, he wrote: “Of course, the real reason the bids have vanished is that periodically the futures bear some rationality to the underlying stocks in the basket and not just the sentiment, which is to be against the prevailing sentiment, because the underlying "positive" of this market is that everyone is so negative. It is a vicious circle.” Cramer’s Stocks That Need Bids include Apple (AAPL) and Research In Motion (RIMM).

Cramer’s Wait-for-Worst-Levels Stocks: Cramer says investors should wait to buy a group of stocks until we have seen worse. In a Nov. 12 blog post, he wrote: “So watch, wait, pick. But acknowledge we are still way off our lows for some really great stocks. Leave some room.” Cramer’s Wait-for-Worst-Levels Stocks include AT&T (T).

Cramer’s Infra Stock Roll-Up: Should the big six infrastructure companies be rolled-up into one? In a Nov. 7 blog post, he wrote: “But this roll-up of every major infrastructure company in America, ahead of the power supply shortages and the promised infrastructure programs under Obama, is just way too cheap to be ignored. It ought to be someone's game plan, some company's opportunity.” Cramer’s Infra Stock Roll-Up include Fluor (FLR) and Jacobs Engineering (JEC).

Posted on Nov. 13, 2008