Jim Cramer using Fantasy Football methods for stock picks for a recession

Recently on MAD MONEY, Jim Cramer gave a huge list of stock picks for a recession, as he is certain one is coming. He wanted to go over a huge list of defensive stock picks, but said on Friday that he will give his pick out of each group of six picks for the positions on the team.

I gave my own huge list of 17 Defensive stock picks that managed to fare far better than the overall market by far.

Cramer gave a list of six defensive linemen and these are the ones you eat, drink, smoke, and use the personal products of. But then he gave a list of stocks that are his quarterback draft picks. These are more aggressive and these are not really defensive stock picks, and he says these will be the first to rally from the bottom.

When you look at defensive stock picks it is more than important that if you are in an environment that the stock market is hitting skid row and putting in low after low, then these are going to fall victim to stock selling as well. Relative performance won't pay the rent if it is merely lower losses.

But that is why this list of stocks that should do well regardless is such a good focal point as an alternative. The one thing that Cramer left off though, is that there can become a point of "multiple compression" where investors just won't pay the same price to earnings multiple or the same multiple of book value for a stock that they used to.

Jon Ogg produces SPECIAL SITUATION INVESTING NEWSLETTER; he does not own securities in the companies he covers.