By Roberto Pedone
Posted on Nov. 6, 2009

According to Jim Cramer, the bears are tellinginvestors six lies. On Wednesday’s “Mad Money” TV show, Cramer said if you listen to the bears, you’re going to miss out on some tremendous opportunities. He explained that the negative spin the bears are putting on the market seems to be dismissing every bit of good news we get.

However, Cramer started his TV show for times just like these so he can expose the lies and protect investors from the rash of pessimism. One of the lies the bears are spinning is that Warren Buffett doesn’t know what he’s doing after the investment guru announced he was buying Burlington Northern Santa Fe (BNI). Cramer said Buffett’s move was a major bet on the strength of the U.S. economy and it's spot-on.

The bears have also been sounding the alarms that a crash and a bubble are coming for the commercial real estate market. Cramer explained that there can’t be both at the same time. Plus, the same people who’ve been predicting a crash in commercial real estate are now part of the bubble call. Cramer called this a “glaring contradiction.”

“The list goes on and on,” Cramer said. He pointed out that the bears always think the world is coming to an end, but all that does is cause investors to miss big moves in the markets. Cramer warned viewers to watch out for the constant drumbeat of skepticism that comes from Wall Street bears because it will cost you money making opportunities.

Recently, Cramer found opportunity in companies on the cutting edge of treating cancer, four top defensive stocks and eight stocks that control the markets. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on CNBC and his RealMoney blog posts (these blog posts might require a RealMoney subscription).

Cramer’s 8 Stocks That Control the Market: Cramer has eight key stocks on his radar that he believes control the market. On Tuesday’s “Mad Money” episode, he told viewers that the only force powerful enough to drive up stocks are the same three sectors -- oil, tech and banks -- that led us here from the March lows. The Cramer’s 8 Stocks That Control the Market portfolio includes Goldman Sachs Group (GS) and Bank of America (BAC).

Cramer’s Cancer-Fighting Stocks: All week long Cramer has been highlighting drug companies that are on the cutting edge of fighting cancer. On Monday’s “Mad Money” episode, he told viewers that Pfizer (PFE) is an attractive cancer play because many of its drugs can be used for multiple indications or to treat multiple forms of cancer. The Cramer’s Cancer-Fighting Stocks portfolio includes Bristol-Myers Squibb (BMY) and Immunogen (IMGN).

Cramer’s Tough-to-Be-Long Stocks: Cramer thinks Research In Motion (RIMM) is a microcosm for this market. In a Nov. 3 blog post, he wrote: “If you bought this stock every single time it was down two bucks, and then double-sold it -- shorted it in a like amount that you sold -- you would have consistently made money. Right now this formula applies to pretty much every stock I follow” The Cramer’s Tough-to-Be-Long Stocks portfolio includes Chesapeake Energy (CHK) and Apple (AAPL).

Cramer’s Top 4 Defensive Stock Picks: Cramer sees opportunity in playing defensive stocks that don’t need a strong economy to do well. On last Thursday’s “Mad Money” episode, he said these four stocks are going to hold up even if the economy sags. The Cramer’s Top 4 Defensive Stock Picks portfolio includes McDonald’s (MCD) and WellPoint (WLP).

Cramer’s Missing-Piece Stocks: Cramer thinks the bank stocks are the missing piece to the markets. In a Nov. 5 blog post, he wrote: “Tech, oils but no banks. That's the scenario that's worrying me right now, because without the banks we cannot sustain this rally. That's not me being bearish, that's me being realistic.” The Cramer’s Missing-Piece Stocks portfolio includes Citigroup (C) and Wells Fargo (WFC).

Cramer’s Lovely-Blanket Stocks: Cramer has noticed that the buyers are coming in from the cold. In a Nov. 5 blog post, he wrote: “Every single stock I key on, including several that have been absolute bow-wows, is now igniting. These are what I call lovely-blanket stocks, meaning that when you are bullish, they make you want to do some buying.” The Cramer’s Lovely-Blanket Stocks portfolio includes Google (GOOG) and Marathon Oil (MRO).

(Editor's note: At the time of publication, Cramer owned Bank of America, Goldman Sachs, Bristol-Myers, Wells Fargo and Marathon Oil for his Action Alerts PLUS charitable trust.)