TheStreet.com RealMoney

Rising Oil Could Burn Down Rally Hopes

By Jim Cramer

 About this article:
 We are now at the upper limits of what I think most companies can tolerate when it comes to crude. This $63 price is now double where we were when the consumer stocks bottomed, and it must cool soon, or we can kiss a fantastic retail/restaurant rally goodbye. The whole run off of the bottom for everything from Darden and Brinker to Nordstrom and Kohl's came about because of the collapse of gasoline prices. At a certain point it will dawn on the people who keep bidding up these stocks that the next month simply won't be as good as the previous ones because of gasoline creeping near $3. I had thought it wouldn't occur, because one of the reasons gasoline has run is because of refinery changes. But we are past that. Now it is simply the relentless trade up in crude. Of course, the...

You have just read the beginning of a premium article from our RealMoney Service. To read the rest of this article and sign up for a FREE trial please click below.

ACCESS STORY & START A FREE 14-Day Trial
Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET.
Outside the U.S. and in Canada, call 1-212-321-5200.



Already a RealMoney subscriber? LOG IN.
Username: Page data is submitted securely.
Password:
Forgot your Password? Click here


100% Money-Back Guarantee
If you decide to subscribe and you're not completely satisfied with TheStreet.com RealMoney, just call us within the first 30 days of your subscription and we'll refund your full annual subscription price — guaranteed.




If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.