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Market Just Can't Gain Traction

By Jim Cramer

 About this article:
 Oil is weak because we know the commodity is headed lower. Industrials are weak because oil's not strong enough to stabilize without manipulation. Today is a day without leaders, even as banks tried mightily. Without leadership, you have a plumb-ugly market, and we can't get any traction. I am surprised by how weak this market is, as the market has spoken: If oil is going to the $40s or $50s, where it was when these oil stocks traded at these levels, then all of the strength we thought that a United Technologies or an Emerson or a Cisco or a Disney might have had was illusory. It doesn't matter that many of these companies benefit from lower oil. We simply don't trust a market that isn't strong enough to lift commodity prices. I think that we are seeing the pain of leadership change out of oil and into...

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