Cramer: ‘Lower Oil is Good’ (Except for Major Parts of the Economy)

In his very brief, but always great, 8:55am skit with triple chinned Joe Kernen, Jim Cramer begged viewers to remember how extraordinary cheap oil is for large segments of the economy, like airlines, eateries, and asshole retailers. He did, however, mention the deleterious effects it imposes on banks and basic resources.

Being the dick that I am, I ventured off into Exodus to count the market capitalization of these minor parts of our economy, the one’s affected by the commodity collapse (basic resources, financials and industrials).

It amounted to $11 trillion.

Joker.