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Recap of Jim Cramer's comments on Stop Trading! Tuesday, October 14.

Bull or Bear? That is the Question – Exxon/Mobil (NYSE:XOM)

"In one week, we had one of the greatest bear markets in history," Jim Cramer said. "Then we had one of the greatest bull markets in history." Cramer said the action isn't telegraphing a direction. All that the plan between Washington and the major US banks did was take another Great Depression off the table, he said. Companies will still struggle to make earnings, and home prices will still depreciate. So we’re not out of this mess yet. For example, Exxon is up 10 points this week. "I mean, this is not a small-cap stock," Cramer said. "It's one of the world's largest companies!"

As Goes Apple (NASDAQ:AAPL) …

Cramer said Apple has become "the only beacon in the market." If it goes up, the market goes up. If it goes down, the market goes down. "The moment that Apple announced the MacBooks, the stock has just been on a one-way trip down, and it's sending the rest of the market down," Cramer said. "I'm just struck. ... There's got to be a little more to it."

High Quality Industrials - Ingersoll-Rand (NYSE:IR), Eaton (NYSE:ETN), SPX (NYSE:SPW), Danaher (NYSE:DHR), Emerson (NYSE:EMR)

Lastly, Cramer said any industrial company with a strong balance sheet might be on the hunt for acquisitions now that banks will lend again. This morning, Ingersoll-Rand "lowered estimates, and the stock didn't go down," Cramer said, "which has now sent me on the hunt for high-quality industrial companies that have lowered estimates." Both Ingersoll-Rand and Emerson are too cheap right now. He mentioned Eaton, SPX and Danaher as companies for which they are likely targets. "Perhaps industrials represent some value," he said.

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Source: Perhaps Industrials... Cramer's Stop Trading! (10/14/08)