Date updated:05-21-2009
"This market sometimes has no idea what it is doing. Our stock market cannot absorb another run to $70 or $80 oil." - Jim Cramer

-
PG
Procter Gamble - $61.80
- -0.56%
- $62.00
Our stock market cannot absorb another run to $70 or $80 oil. The Procter & Gambles (PG) and the Dow Chemicals (DOW) cannot withstand it.

-
DOW
Dow Chemical - $27.93
- -0.53%
- $27.83
Our stock market cannot absorb another run to $70 or $80 oil. The Procter & Gambles (PG) and the Dow Chemicals (DOW) cannot withstand it.

-
DRI
Darden Restaurant - $31.44
- -0.82%
- $31.40
The consumer cannot stand $3 gasoline, as the whole rally in the Darden (DRI)/Brinker (EAT) cohort was on the backs of the lower price of gasoline.

-
EAT
Brinker Intl Inc - $13.64
- -0.66%
- $13.85
The consumer cannot stand $3 gasoline, as the whole rally in the Darden (DRI)/Brinker (EAT) cohort was on the backs of the lower price of gasoline.

-
M
Macy's Inc - $17.11
- -1.55%
- $17.20
We can't lose the Macy's (M) and the Kohl's (KSS) either, and we learned that they are dependent on low, stable gasoline.

-
KSS
Kohls Cp - $53.96
- -0.68%
- $54.12
We can't lose the Macy's (M) and the Kohl's (KSS) either, and we learned that they are dependent on low, stable gasoline.

-
OXY
Occidental Pet - $79.99
- -1.89%
- $81.12
Yet, this market has to have all three -- tech, oil and finance -- go up, and the most important of these remains oil! So we get smashed on Occidental (OXY), Transocean (RIG), Chevron (CVX) and Exxon Mobil (XOM). It's absurd!

-
RIG
Transocean Ltd - $83.80
- -1.67%
- $84.83
Yet, this market has to have all three -- tech, oil and finance -- go up, and the most important of these remains oil! So we get smashed on Occidental (OXY), Transocean (RIG), Chevron (CVX) and Exxon Mobil (XOM). It's absurd!
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