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Irrational Energy Moves

By Jim Cramer

 About this article:
 A market driven by the price of oil -- good when it goes up and bad when it goes down -- is way too binary to profit from. Yet, that's where we find ourselves and it is so counterintuitive as to be unnerving. I think the fact that oil is struggling and failing to take out $60 is a good sign. The purchasing power of Americans is dependent upon jobs, expenses, psyche, interest rates and the stock market. We know that the stock market isn't our friend or our enemy, interest rates are still our friend, jobs are awful, and psyche seems like a push because the love for President Obama is still in the air. But the expenses have been pretty good given the lower cost of housing and the lower cost of gasoline. The latter - gasoline -- is directly correlated with retail and restaurants...

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