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Don't Take Your Cues From Manipulated Oil

By Jim Cramer

 About this article:
 All day today I have heard that the economy must be weaker than we thought because of the decline in the price of oil. Huh? Didn't we just determine that oil was manipulated up? So we are supposed to take our cue from a future that's phony? Maybe we ought to stop with the linkage of futures that can be manipulated with the economy as a whole. I'm not kidding here. The futures market isn't for real, because if it were, the price would never have gotten to $140. I don't mind using copper -- that's hard to corner. I think steel's OK, not great, because it can be a little cartel-oriented until more facilities open. But the real measure of economic strength in my mind is the Baltic Freight Index, and that had been soaring until just a week ago. If you want to take your...

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