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Oil's Gravitational Pull on the Market

By Jim Cramer

 About this article:
 Can you imagine where this market could go if oil were to go to $85? Vale goes to $30, Freeport-McMoRan to $90 (thanks for that dividend), and Procter & Gamble will go to $60 and Apple to $210 and Pepsi to $65. Hold it, wait a second. Did he say Pepsi, Procter and Apple? Yep. We are in a totally ridiculous market -- as Dicker pointed out earlier -- and I think that you really can get some amazing turns in plain old S&P names, as we saw today, when oil moves. You could say, that's just the dollar, not oil, but if that's the case, the weak-dollar drug stocks should be on fire, and they are not. And the retailers, not dollar-related, are going up even as oil is a tax on them. That's just the gravitational pull of oil on the S&P, which helps turn up the...

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