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Cramer Highlights
Cramer said, “The market speaks in many tongues, but the message was clear when it said things are ugly.”
There were four sectors where the market spoke loudly.
Cramer said the wholesale slaughter of every bank stock could not have been more vicious.
Even the good banks that don’t need government assistance could not escape the carnage.
Cramer said this move told him that the markets simply have no faith in any of these names.
Cramer said the selling was overdone, but will remain that way for the foreseeable future.
The oil stocks were another sector where the message was loud and clear.
The oil stocks told Cramer that they are predicting the economy to remain in free fall.
Yes, demand is lower across the board, but so is production.
So if prices are still plummeting, the markets are predicting huge worldwide unemployment.
Gold and tobacco stocks are also talking.
Gold is a hedge against inflation and uncertainty, two things the market is still fearing.
Tobacco, on the other hand, is the anti-Obama play, said Cramer.
If tobacco is trading higher, it means the markets does not have faith that his stimulus plan will work.
Cramer said, “People are hiding, and it’s scary.”

Here’s the list of stocks from Cramer’s Mad Money Show for Tuesday, January 20, 2009.

Note: Dow stocks mentioned tonight: None tonight!

Thumbs up for these stocks………….
NGG – National Grid $44.86
PAYX – Paychex $24.68

Thumbs down for these stocks………..
AGO – Assured Guaranty $8.09 (down -18.69% today)
LYG – Lloyds TSB Group $2.61 (down -57.90% today)
MON – Monsanto $75.85
WTW – Weight Watchers International $24.91

*A CHARITABLE TRUST STOCK.