Jim Cramer is gearing up for another event-packed week, with his cowboy boots from Boot Barn and all. But the reality is, the U.S. just can't save the world. We can't make the Chinese spend more money or force Europe to make real structural changes any more than we can direct the Japanese in finding a new way to grow besides dumping cars on us.
Next week brings a few important themes to the table that the "Mad Money" host says call for preparation. First, there will be more earnings reported by strong American companies that can weather the foreign currency storm.
Second, investors will be looking for protection in stocks with high yields, now that the 10-year Treasury is barely yielding enough to buy a pack of gum.
Third, Cramer is beginning to wonder if investors should be on the lookout for a bottom in oil. The $45 level has managed to hold thus far, despite a dramatic amount of selling. However oil spiked again on Friday, to $48.
"So we'll listen to all of the oil companies in order to determine whether drilling's been cut back so aggressively that it will cause either a V- or a U-shape bottom sometime in the next few months," said Cramer.