Cramer says don’t follow Buffett based on Buffet’s new holdings:
-Slashed its holdings in Johnson and Johnson [JNJ] to just 28.6 million shares as of December 31
-Smaller cuts in ConocoPhillips [COP], CarMax [KMX], US Bancorp [USB], Buffett wasn’t just selling in the fourth quarter. Berkshire increased these holdings:
-Increased holdings in NRG Energy [NRG], Ingersoll-Rand [IR], Eaton [ETN]
-New stake in 8.7 million shares of Nalco Holding [NLC]

Buffet appears to be moving money out of stocks that have done fairly well despite the market crash into industrials, probably as a result of Obama’s stimulus plan. I see merit.