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Oil and Government Blocking the Way

By Jim Cramer

 About this article:
 Today is such a microcosm for this miserable market. We have good research saying that tech stocks have come down too much. We know that the banks are setting themselves up for record quarters. But the federal government is creating a world that makes us feel like we should be investing in another country -- once again last night I said China is right, we are wrong. The judgment of oil is the swift sword that wipes out every rally. Oil and government -- both doing the wrong thing and going the wrong way -- conspire to kill any rally. I still believe that the tech recommendations can will out today. I still believe in the PowerShares QQQ trade and in the "crowded short" theory that Doug is propounding. But what is playing out is the kind of debate I am going to have with Ron Insana tonight....

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