To beat this disease maybe it even needs a bear market which is where we are today and the dow plunged and s p and nasdaq nose dived 4. 7 coron as coronavirus is a Public Health crisis wreaking havoc all over the country and it hasnt effected that many people yet but we know it will. And we thought we could keep it out and then thought it could be contained and then as it kept spreading we were told there was no big deal. Theres so few cases and so few why all the fuss and we discovered the Term Community spread we heard about the outbreak in Washington State and then the suburbs of new york and then the fiasco it dawned on us when they say novel as novel coronavirus, novel means we have no immunity to it. We have no vaccine if you dont, try not to get it. We have no tamiflu once you get it were all against this unseen nightmare. Novel, steven king novel all right. Were cancelling big Public Events what happens next. The two ways to do this, two ways to play it, pile on once again and tell you this is all over, it will be easy to say the bear is back and the bull is dead i have heard that a lot or i could offer a more constructive view and things do occasionally go right. Tonight i want to take the second approach, the constructive one why . Because i have been bearish for a month and a half now i started warning about the coronavirus, i wanted to see the super bowl but i came home so i could play a tape the next morning of one of our favorite investors that taught me a lot at Goldman Sachs saying they changed for the worse. I told you repeatedly that i hated the oil stocks just the worst of all stock with the exception of cruise lines. They were uninvestable over and over again down 71 for the year and everyone i know everywhere i go people have given up they want to sell everything and they want me to tell you to sell everything maybe you want me to tell you. No, im not. So you dont need more bearishness from me. You need to know what could happen that would make me positive so what could still go right let me start with a caveat thats so important. Were a Business Network the Federal Reserve is not on the list despite the insistence of money managers, whatever is going on, but over and over again here is the thing. They cant it just doesnt matter you cant solve a Public Health crisis with Monetary Policy those arent bad ideas but they probably wont be to move the needle we need massive fiscal stimulus. What can you go right . That matters first we need to flatten the curve. Most americans will probably get this disease but when we get it, when we get it matters when if everyone gets it once our Health Care System will be overwhelmed like were seeing in italy. Crowds getting away from them and stop going out and no fans at ncaa games. No more college, done. No more late night talk show crowds anything to stop congregating. Maybe including nba and Major League Baseball and any and all conventions and fundraisers stop traveling unless its essential. If we do that, we can beat them. So its going to cause a recession. I told you that. Many people will be hurt financially but our Health Care System wont be overwhelmed and a lot more sick people will live stop acting like everything is normal because its not. It wont kill you to stay home it actually might save you two our scientists can still solve this he helped turned aids from a death sentence in that condition. He never said the virus under control and maybe they can come up with antivirals. Get a Manhattan Project going. More real itse more realistically we need to flood Community Health organizations with the billions of dollars they need to do their job. We need a malcolm x approach to this as in by any means necessary. Novel drugs to fight a novel virus. Hope for the best, prepare for the worst. We dont know whether this virus, what it will do when it gets warm although its still striking people in warmer climates but if we slow the spread, flatten the curve, maybe we can get through the summer without horrific causalities and overwhelming the Public Health system fourth something major from the federal government not a payroll tax cut. We need to pay people to not work maybe give them 1,500 each. Something for student loans. How about that thats 7 trillion moritorium think about that how about a Sovereign Wealth Fund for pennies on the dollar at this point you need to think outside of the box that doesnt work. This is different. With Interest Rates so low, the government can get away with spending fortunes here hundreds of billions of dollars. Whatever it takes. The rates are the lowest ever anyway maybe well get positive breaks on the business front. We need it what if boeing gets approval of a 737 max. That could be huge even if theres not a lot of demand from airlines at this point maybe companies yielding 4 or 5 because not all the dividends are phony. Some are safe. That can go right. This could happen. Its not pie in the sky. All that said, im still pretty bearish about the averages im convinced this market wont stop declining until the lows of december 2018. Those are still a long way off the s p 500 currently at 2741. It could find 2350 dow went to 21,712 now its 23,553. Of course many stocks will bottom before those levels thats why we still talk about stocks worlth bth buying on the. If you need money for the next year or two, maybe actually sell something until you have enough cash for your peace of mind. I think you should be putting your cash to work, slowly to slow down stocks and drugs and utilities and maybe the higher names that dont need a stronger economy. And please, i know that im a broken record, buy gold. By the way, okay theres nothing more important than trying to stay home wash your hands and get your supplies if you need to go out, wash your hands some more. Dont touch your face. Wash your hands. Dont shake hands. Hopefully we can stagger this thing out and our scientist will come up with something to stop or at least slow the pread and a recession but its the best we can do chuck in arizona. I have been better. Ups, 119, so im down about 30 on it. And now down to about 88 my question is, do you think i should buy some or wait a little sbit thats 4. 5 its down 25 . Its at 87 now probably next stage would be 82 and then 76. Debbie in ohio, debbie hi, jim, how are you . Health insurance officials and said the industry would raise fees for testing and also treatments, do you feel the Health Industry stocks are a good investment . Theyre a better investment than they were because of the potential demise of the Bernie Campaign they have run up in the idea that biden is going to be the nominee and not bernie they havent cooled off yet. Lets go to lou. Hi, jim, how are you today . Its been a long day frankly, how about you . Pretty good im a longterm stockholder, i have been down from the 50s to todays below 40 close do you still believe in it for the next five to ten years and do you think thats still im worried about it. You know i have to tell you, the numbers have not been good she revised her forecast and then i read a piece yesterday obviously about the health risks at Nursing Homes all right. Theres two ways to play the event here that is the coronavirus. I think you should be putting your cash to work very very slowly in some of the names that we have suggested. Theres two stocks on the dow 30 that i like. But i like them. On mad money tonight, if cruise lines and airlines are all in trouble what does it mean for bank stocks . And with the dow in bear market mode im going stock by stock to help you make sense of the index. And after another dramatic sell off is it time to be more constructive when searching for actual buying opportunities. So im going to eye an under the Radar Software company so stay with cramer. Dont miss a second of mad money, follow jim cramer on twitter. Have a question, tweet cramer, hashtag mad tweets send him an email to madmoney cnbc. Com. Or give us a call. 1800743cnbc miss something in head to mad money. Cnbc. Com but in my mind im still 25. Thats why i take osteo biflex, to keep me moving the way i was made to. It nourishes and strengthens my joints for the long term. Osteo biflex now in triple strength plus magnesium. But when allergies attack,f any the excitement fades. Allegra helps you say yes with the fastest nondrowsy allergy relief and turning a half hearted yes, into an all in yes. Allegra. Live your life, not your allergies. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Its almost like a challenge everyday to see how well i can eat and still enjoy myself all day long, i wake up every morning to see how much weight ive lost and how much better i look. Myww join for free and save 30 myww its more than just fast. It keeps all your devices running smoothly. With builtin security that protects your kids. No matter what theyre up to. It protects your info. And gives you 24 7 peace of mind. That if its connected, its protected. Even that that petcamera thingy. [ whines ] can your internet do that . Xfinity xfi can because its. Simple, easy, awesome. [ barking ] why are the bank stocks so vulnerable every time the market boils over the financials could crush they were bent and mutilated cruise lines might be banning customers for safety reasons the last place that you want to be during a pandemic is a cruise ship it will be a long time before they come back from this a group thats in the cross hairs of russia and saudi arabia and a vicious price war. The decline was so swift that they already had to shred the dividend im betting others will follow the retailers and the restaurants are likely to suffer as fewer people go out and takes over how about the airlines with gigantic capital costs nobody wants to travel all the airlines are better than in the old days. They never seem to have enough cash to tide themselves over when people stop flying and like the big industrials and Technology Companies that are finding it hard to close deals as enterprises rarely cut back on Capital Spending to preserve cash and face to face meetings are now hard to come by. So lets see, if the banks dont have any of these problems, why are there stocks such dogs simple they might not be suffering like the cruise lines or Oil Producers or retailers or the airlines but do you know what all of those groups have in common they owe the banks a lot of money and now because of the flattened yield curve the banks are making risky loans it could be ridiculously low prices and Interest Rates. On monday one of our absolute favorite companies, norwegian cruise lines or 675 million from jp morgan their client, jp morgan is going to help his clients buy from bad times and good times theyre good bankers and thats what they do what happens if the virus is raging and customers dont come back it is a very well run company our governments chief epidemiologist is saying the elderly should avoid cruises thats not inspiring for the elderly or for that matter younger people either. It doesnt help that so many of these ships seem like floating petri dishes or even hospital ships from the look at them. Theyre just frightening masses. Sure the president pledged to help troubling Industries Like the cruise lines maybe low interest loans from the government a bailout of cruise lines. Who gets hurt . Id say its the lenders like jp morgan every one of these industries takes down debt. Every one of these industries is shall we say suspect now if cruise lines and restaurants and retailers are in trouble so are the bankers. If i owe you a Million Dollars thats a me problem. If i owe you billions of dollars, thats a you problem. Donald trump when i was reading about him and the casinos, now you can argue and they had plenty of fees and back to full yields because the stocks are falling so much and they can stop buying back to fund those dividends but in the end the yield curve and risk of those loans going bad, i mean, therefore the stocks could be awful investments and i cannot figure out how to value them right now but all of these industries struggling that are their clients and from the looks of things no one else can either stick with cramer. Yes. The first word to any adventure. But when allergies and congestion strike, take allegrad. A nondrowsy antihistamine plus a powerful decongestant. So you can always say yes to putting your true colors on display. 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You cannot hide in the Dow Jones Industrial average its what kind of stock we bought on the way out of here and thats why we have been going through this whole index this week wow, a textbook example of the kind of stock you want to buy. A Pharmaceutical Company pfizers got businesses with drugs that are about to go off and when the deal is done later this year you have a Brand New Company with much faster growth. Nice catalyst. I like it. Second, Procter Gamble now they already told us there could be down side to its numbers thanks to copd19. They said that in a conference earlier this year. Any company thats called out the damage is likely to be those that havent stocks had a big run from the bottom i would say it would be worth buying at lower levels but not here third, giant insurance company, the problem with insurance is they take your premiums and then invest it to get a better return they cant get much return these days and the stock market well obviously thats a disaster. I suspect the numbers for travelers are just too high. You cant own stocks where the numbers are too high and no. Fourth, united technologies, its about to merge and then split the company and aerospace and elevator business and Climate Control business the elevator business is not there. Who cares about Controlling Energy costs this really isnt the kind of business that you want to own going into recession no thanks. It was thanks to the apparent demise of Bernie Sanders well, at least the president ial campaign right . Hes still in but i dont regard it as viable we get hit with the coronavirus which makes the earnings uncertain. However, im betting you can navigate these troubled waters this company is sensational but the stock was lower a few weeks ago. So theres risk here to me you leave room at lower levels just in case the bjoe biden coampaign stops. Very reasonable and safe 4. 5 yield plus the government blessed the tmobile sprint merger i know, i know, sprint and tmobile says it wasnt their intention but thats the whole point of acquiring it. Probably wireless consumers like you. Think of verizon as an extremely well run utility you should buy it here and double down if it sinks to 49. 7th, visa, credit card but we are interested and the truth is that a coronavirus recession means more consumer spending. However the stock has already fallen in a matter of weeks. So, no no way stock is so expensive selling for 28 times earnings. That does reflect the worldwide slow down. Its trading down to where it was a year ago possibly even lower. 8th is walgreens oh, man with bad stock nothing but trouble. Its retailers being ripped to shreds and who the heck knows it seems tempting. It was only one problem. I dont think walgreens can hit the earnings estimates for this year for next year. And it will find stock going lower no matter what the dividend is. Having a high yield and low price to earnings is not protection here. I want growth. Walgreens doesnt have it. Believe me that dividend will not protect you. Id much rather own cbs which has 3. 3 yield but real growth thanks to its merger with aetna. Now 9th walmart. This is a stock that i have been a big fan of but right now its too low people keep gravitating to the stock though and with good reason one of my absolute favorite strategists at Goldman Sachs and he was on squawk this morning just did some excellent work demonstrating that walmart out performs in the event of a downturn and a downturn is where we are headed. Hes using a case thats pretty close to the levels i have been looking for. Remember im telling you that were going to go back to the late lows, late december 2018 lows of the Jerome Powell bear market right now walmart is at 114. Its better. Since those lows, walmart delivered a series of surprises and felt an online strategy that i really like. Cant compete with amazon using its stores as virtual warehouses well, the staff, the stores have never looked better. I went to one recently and said wow thats why the stock climbed to 125 at its highs. I dont see it going that low later. The