Were presuming that everything is too high until proven innocent. At one point today precisely at 11 43 a. M. We saw sheer, raw, panic. The kind you get when investors just capitulate because they cant take the pain. The the house of pain any longer. It seemed like a crescendo selloff, thats what i like to call them as the averages rebounded in the afternoon and the dow slipping four points and the s p advancing. 1 and if we get the wrong employment number tomorrow, too strong or too weak, i think well see another 11 43 a. M. Like panic. What can you do . You know what i say . I say nobody ever made a dime panicking, but plenty of people have made a dime taking the other side of a panicked trade, a panic occurs when those with weak hands violently dump sell, sell, sell, sell, sell all their stocks at once, the good with the bad which allows you to pick among the rubble and maybe pull some babies out of the bathwater. So tonight im taking the other side of the panic trade and giving you proverbial babes to save from the train. Ive earned the right to say some sectors are viable. Ive openly castigated the industrials. Ive said that any commodity producer would get crushed here as were in a vicious bear market for all commodities. Ive said companies in latin america and asia deserve to get hammered. Theyre down for political and monetary reasons and i dont see these reasons being resolved any time soon. The russiaukraine tensions still lurking and casting their dark pall all over europe and the including germany. Maybe i should say especially germany because it has been the lone bright spot in europe. If europe would open its Purse Strings and do more to help the cause of the rest of europe while shutting its mouth about ukraine and negotiating in private with russia we would be dramatically higher right now and one of the reasons why you dont want to get too negative because these things could still happen. Isis is still winning in iraq and spreading instability all over the newspapers and ebola is still raging and i dont expect good news on that front any time soon and bad news is more like it and the entrance of the disease on to our shores has zapped whatever confidence boost weve had lately and plus the central bankers arent doing any favors. Were almost done with easy money with the fed declaring a subtle victory over the business cycle. Say what you want, the easy to less accommodative switch simply is not good for stocks at least in the short term. Mario draggy, the head of the European Central bank making malcolm x noises getting the economy moving by any means necessary were half measures, and each as the circumstances in europe are far worse than hours. The european stock markets were quickly up ended and in this country, just as a matter of course. Ive been waiting for this moment where the reward fondly looks better than rest for some stocks and i think that moment has arrived and perhaps a third of the market was overshot. We finally do have some bargains and some stocks where the bad news is more than priced in. So why is it worth snapping up those bargains rather than fly fleeing the market entirely like so many others. Do you mind if i indulge in Warren Buffett adcation, much deserved. He the most important one to me is that our nation is pretty darn strong. Shortterm, thats actually been a negative, counterintuitive as it may seem in the stock market, sell at what they can and not what they have to and they sell our markets to raise money because the rest of the world is so pathetic that they cant each get out of a lot of those losing markets without killing themselves on the trade. Weir not only the liquidity allowing the loser funs to blow out of the stocks at decent prices. So the relative and absolute strength counts right now as a negative because wounded hedge fund tigers are using u. S. Stocks as a source of funds. It happens all of the time. Thats who does the panicking. I know you want to hear all day about how smart these Money Managers are and how legendary and how brilliant. Believe me, for the last few days they were crawling under their desks or hitting the restrooms regularly so to speak with the real depends moment this morning and i dont mean depends like it depends if we rally. This phenomenon wont last, though. If were the only Strong Economy in the world then eventually well be a magnet for the worlds capital and thats closer to happening now that we have reached this point of panic. So what kind of stocks can you now start buying with the greater degree of confidence, the emphasis here on stark buying and greater confidence as opposed to jumping in with both feet and buy, buy, buy. You Want Companies that are primarily domestic so you dont get entangled in diseases and tensions. It could secondly, you want buyers that are commodities and many are in bear markets and third you need to have a degree of conviction that the earnings are good or getting better. Fourth, it cant meet Interest Rates to go higher because they might not be able to do so. Fifth, it cant be hurt too much by the strong dollar because too many countries want the currencies to be weak so well buy their goods or not hours and they get a bad translation when they cash in. Sixth, you have to on have strong Growth Without a robust economy. Lets start with obvious ones and how about darden, the owner of olive garden. Great numbers today. Big beneficiary buys tons of commodities and could be a big winner especially with the bountiful 4. 6 yield and theres jack and jackinthebox. Buffalo wild wings and remember that . They all make sense and the rejuvenated panera bread, turning around its operations before our eyes and dont forget chipotle down 30 points from its high. Why not pick up tyson foods . Its a huge buyer of chicken and pork which by the way, it it will work. Its part of the hill share brands acquisition. How about macys, kohls, costco on the retail front . They all work, so does tjx, and walgreens the worst is over there, take some. Same goes for vf corp. Pbh theyre all takers of commodities and especially cotton and thats exactly what we want and kroger is a good bed with lower commodity prices. Google, celgene, facebook and underarmour, they cannot run slow growth worldwide. The beers in particular, more on that later. Heres the bottom line. I dont want to get carried away here, but i do think if you havent committed any capital yet the time may be at hand. There are plenty of babies. Ive given you them from being sucked down the drain at 11 43 a. M. When the legendary and brilliant Hedge Fund Managers could no longer take the pain. Savino in texas, savino. Booyah, jimbo. Mastercard is on my Shopping List and i wish it was still longer for a pullback. Sandler oneal and the mastercard has put a chill in the situation. I dont want to have numbers coming down and i dont need real doubters in here. M. A. , right now is on the hold list and not the buy list. How about doug in florida. Doug . Hi, jim. Thank you for taking my call. Of course. Long time follower, firsttime caller. I have a question about sienna corporation. It was recommended a while back and ive been watching it go down. I got stocked out of other stocks that turned around and now with a limited portfolio i wonder what your recommendation is. I think sienna is a heartbreaker and you know what . I say no to heartbreakers. Its broken too many hearts and it it doesnt get my endorsement. May i go to will in massachusetts. Hi, jim, thanks for having me on the show. Absolutely. After a pullback and i was wondering where you thought the stock was headed. I think dsw is in a major turn and i would like to shoot a bull market. I like the whole product portfolio. I think its a good situation. I want to buy dsw, the old designer shoe warehouse. Guilty until proven innocent . We were right in presuming that everything is too high, but right now there are some sectors that are worth buying. Im helping you buying help on mad money tonight, its the one issue that can could bring Americas Energy revolution to a screeching halt. The potential fallout and whether you need to start protecting your portfolio is next and beating back the advance of diseases like m. S. , but its where the drugs are headed next thats got me excited and plus im poring through the best brewers you can find on wall street. Should you be doubling down on your drink . Stick with cramer. Dont miss a second of mad money. Follow jimcramer on twitter. Have a question . Tweet cramer. Madtweets and send jim an email to madmoney cnbc. Com or give us a call at 1800743cnbc. Miss something . Head to mad money. Cnbc. Com. Guys youre not gonna believe this watch this. Sam always gives you the good news in person, bad news in email. Good news fedex has flat rate shipping. Its called fedex one rate. And its affordable. Sounds great. [ cell phone typing ] [ typing continues ] [ whoosh ] [ cell phones buzz, chirp ] and we have to work the weekend. Great. More good news its friday woo [ male announcer ] ship a pak via Fedex Express saver® for as low as 7. 50. [ male announcer ] ship a pak via Fedex Express saver® [light instrumental music] female announcer recycle your old fridge and get 50. Schedule your free pickup at is the oil thesis the Great AmericanEnergy Renaissance boom in oil in trouble . You know im a huge believer in every aspect of this theme to the oil and the pipelines themselves. However, the sudden decline will give some of the Oil Exploration companies the jitters and not just because we have too much supply here. But also because of what saudi arabia is doing. Yesterday the saudis lowered the official selling price for their crude which marks the fourth straight month that theyve cut the price, not their production. What does that mean . You could argue that the saudis want to maintain the market share. I get that, it makes sense, but i think its something else. See, i think the saudis want to make our oil tooec pensive to keep drilling for. They recognize there say price when well cut back on the drilling and theyre not afraid to drive oil down to the level in order to make the United States more dependent on sawudi arab arabia. We still use the oil and less independent on ourselves and in short, the saudis are trying to price us out of the own game. Some of the bigger shale plays and eagleford, and this isnt a price where theres panic. The trajectory, though, is menacing as is the velocity of the decline. Its feeling like a real Bear Market Oil and especially this morning when the price of west texas crude tumbled 2. 54 per barrel and it was up at the end of the day. If the saudis will push the price down, though, then theyll eventually make it less economical to drill here and some of the independents will have to think twice about adjusting their longterm budgets if they were based on ever Rising Oil Prices and i know that some of them are. Plus lets not forget the cost of drilling has gone higher as the scarcity of labor in the area where the oil happens to be impacts the price that a halliburton or baker hughes has to charge for its services and it has to switch from ceramics to sand. Theres always the risk that there might be less oil and gas in an area that was thought to be abundant with costs escalating and worries about the saudis crushing the pricing umbrel umbrella. Theyll break ranks for certain and keep in mind that the cost of transporting oil from where it is to where it is needed are rising dramatically in this country. The biggest Pipeline Company in north inning at least until Kinder Morgan consolidation goes through and they elevated the price of new pipe everywhere in the country and elevated by a lot. Monaco has to get his return from enbridge when lowers the cost for oil producers. So the bottom line is this, i dont think the longterm story is in trouble. Many people including the Oil Companies themselves are nervous about the new decline hence the radical fall in the natural gas, oil service and more important, oil rigged stocks, particularly the offshoer place, you cant even look at them and they are horror shows and given that there are places in the country where Oil Countries are only able to get 70 a barrel because of the glut will start to see cuts for certain. Fortunately, most of the oil is cheaper to produce and the stocks have been clobbered to oblivion where in many cases theyre too close to sell. To say you dont need to worry is that your head buried in the frackiing sand. Cindy in new york. Cindy some. Hello, jim. Welcome to the big apple. How are you . Good. How are you . Good. Can you recap whats dragging down energy and transocean. The stom stock symbol is rig. There are three reasons. Lets get right to it. There is a 52week low and the people feel the dividend is not sustainable and theres been people talking about Diamond Offshore and having to cut the dividend and next year will be worse than this year and thats issue number one and issue number two is russia because theres pulling back of technology. People feel that will ultimately impact transocean and issue numberly and this is whats most important, the people who own these stocks are panicking. Theyve heard some sort of bell and they think its over. I know. How do i know . Because my Charitable Trust owns ensco and its the worst performer ive ever had in your portfolio. I believe in this country, sure, some people are nervous about the decline, but the longterm story im still sticking with it. Oil is still, well, lets say, worth something. Theres much more mad money ahead, this market may be driving you to drink, but i have a stock that can do a better job to taking the edge up. Which you brooer can be ready to pour gains into your portfolio on. And making it people for to walk better and taking a look at a cloud player that helps dupont, tyco, cocacola, pitney bowes run leaner and meaner. Stay with cramer. Your customers, our financing. Your aspirations, our analytics. Your goals, our technology. Introducing synchrony financial, bringing new meaning to the word partnership. Banking. Loyalty. Analytics. Synchrony financial. Enagage with us. A what do people turn to when the market keeps getting hammered, i just turn to beer and not just because a cold one at the end of the day helps wash away the misery of watching your stocks get crushed, although, be careful thats how you end up sleeping on your dirty linoleum floor. No. I like the beer stocks right here because this is an industry thats undergoing massive consolidation and as i point out in get rich carefully, consolidation, it would be great for stocks. Now i know there are a lot of people who say the beer market is dying and i know consolation brand which is has major beer exposure just reported it missed earnings and this was just a hiccup for consolation and its worth buying in todays pullback. The ceo rob sands made a compelling case at the closing bell, because it was a onetime only. Constellation beers business was very strong and hence, why it rallied from being down to close off at just 86 cents and it was a major comeback upon. Constellati constellations brands like corona and modelo and the wave of consolidation weve seen. The gigantic inbev acquired grupo modelo. And earlier this year, the japanese beer and liquor maker expanded to the bourbon business and now i think we could be about to witness a whole new round of consolidation in the beer industry. Just a few weekses ago we heard that sab, millers bid to buy heineken was turned down by the dutchbased brewer, but the very next day we got reports that Anhaeuser Busch Inbev was in talks with various banks to talk about the acquisition of sab, miller in what could be a 122 billion deal combining the worlds number one and number two beermakers and how do we play a possible merger between inbev and sap miller . I think theres one company that comes out ahead no matter how things play out and thats molson coors and the aptly tickered tab for all you home gamers. How do they have an inbevs attempt to acquire miller . Their let me lay out two scenarios for you. Suppose it succeeds in buying sab miller. In that case the regulators wont let these two titans merge, and otherwise the deal will be too anticompetitive, when inbev bought grupo model onto Constellation Brands in order to pass muster with antitrust. Thats the deal that made us fall hard for constellation brans and weve been behind it as a risk beer and wine play and it has been dead right to do. As i said for todays weakness and what would the sab miller sell some sab is a venture with m orc lson coors which includes coors light and miller light. Ill bet the combined company, bud and sab will have to sell their stake to make the merger happen. The only logical partner for the position in coors is tap and then theres the scenario, too. Suppose sap miller doesnt want to be acquired. Do you know what would be a terrific way to fend off a hostile takeover in you guessed it. You buy coors. Even it if all of the merger talks goes back to nothing and the company has terrific fundamentals. Let me walk you through each of these outcomes so youre prepared when the stocks go down if we get another vortex move like weve had the last couple of days and first is what happens if they agree to merge. Like i said in this situation, i think the Justice Department simply would not allow this deal to go through as it would be structured plainly unless sab divests itself of the 58 stake in miller coors joint venture that it owns. We know that ab inbev controls 47 of the u. S. Beer market, isnt it incredible and miller coors has 28 which means together they own threequarters of the beer business in the United States and theres no way that the antitrust regulators would ever let that happen, even with all those weird ipos or ipas or whatever the stuff is in the Liquor Stores these days and just like a. B. Inbev acquired grupo modelo they would acquire regulatory on assets. In the majority stake in miller coors, the only potential bidder here is tap which ill bet theyd be able to buy it at fire sale price