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Recap of Jim Cramer's comments on Stop Trading!  Wednesday, September 3.

“The materials are in the one of the greatest bear markets I've ever seen,” Jim Cramer told viewers. Other sectors are benefiting from that decline. Housing and financials are experiencing “unbelievable moves,” he said, and no one is paying attention. “It's driving me crazy! Everyone seems to think they're rallies in a bear market, but these are some of the most-sustained moves out there.”  

Housing Moves - Toll Brothers (NYSE:TOL)

As for playing the move in housing, Cramer recommended buying calls on the Philadelphia Housing Sector Index. “I do feel like you have to buy an index here,” he said. Buying an individual stock “is to take your life in your hands.” Investors would run the risk that the stock will “have a bad month and give back the gain, as Toll Brothers did recently.”

Retail Benefits - VF Corp. (NYSE:VFC), (NYSE:JNY), Kohl's (NYSE:KSS), Macy's (NYSE:M)

Retail is another beneficiary and a play on possible tax cuts “for everybody but the rich” if Barack Obama is elected president. “We have endless, endless rallies in this group,” Cramer said, but no one talks about it. He mentioned the “explosion” in VF Corp. (VFC). “You can't get that kind of run-up unless retail is in a bull-market phase.” He also mentioned Jones Apparel, Kohl's and Macy's.

Oil Anyone - Schlumberger (NYSE:SLB)

Cramer called Schlumberger a buy.

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Source: Unbelievable Moves - Cramer's Stop Trading! (9/3/08)