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Cramer calls the current market "very thin" after Thursday's trading session -- another volatile mix ending on a somewhat high note -- and one that is easily manipulated by hedge fund managers and others dipping in for bargains, whether it's with Exxon Mobil [XOM
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] or Apple [AAPL
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].
Oil stocks particularly did well in the afternoon rally -- crude oil was up $2.08 at $58.24. Cramer points out oil-related stocks are in step with ETFs, hence the upswing with OIH [OIH
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] and TransOcean [RIG
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].
Cramer points out the "irony" in President Bush's speech earlier today, specifically on how the need to go after "market manipulators" was mentioned -- when not one case has been filed by the federal government.
Finally, he brings up the interesting prospect of Sears [SHLD
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] and Nordstrom [JWN
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], two large retailers with well-known reputations for excellent customer service. This type of "take back anything" service, however, may hurt the retailers on the bottom-line, especially in the expectedly tepid holiday shopping season this year.
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