If Greece does exit the euro, though, Cramer thinks Spain and Italy won’t be far behind. The economies of those two countries are so large that Cramer thinks their exit would actually hurt many U.S. companies.
Whatever happens, Cramer recommends investors remain defensive by investing in dividend-paying stocks with “domestic security,” meaning the underlying companies have no exposure to Europe. He cited liquor maker Brown-Forman and grocer Whole Foods Market as examples.
—CNBC.com and Reuters contributed to this report
Call Cramer: 1-800-743-CNBC
Questions for Cramer? email@example.com
Questions, comments, suggestions for the Mad Money website? firstname.lastname@example.org
Page 2 of 2 | Prev Page