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Without Jobs, the Bulls Are Sunk

By Jim Cramer

 About this article:
 So it is all about the Chicago Olympics? So cap-and-trade is the next issue? So we need to hold bankers accountable? So we need to worry about carbon dioxide and global warming? So we have to focus on the doughnut hole for seniors and the health care tax? What's right with any of this? I have said over and over again that the bull case rests on employment. There is no bull case without it. I don't care about the profits of the Macy's or the Citigroups or the Fords without it. It's tough to make a case for anything other than techs that are more levered to international or smartphones, and for Clorox , Procter , General Mills and Abbott -- the cohort -- and even then I wouldn't jump at the chance, and you have to let the futures take...

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