Jim Cramer just doesn't get it. He thinks the market is really confused about commodity prices and wouldn't know a good thing even when it bit it in the face.
Yet again on Thursday, both the S&P 500 and Dow Jones ended in the red when the price of crude collapsed to $43. At this point, Cramer has stated the benefits to low oil prices so many times he's turning blue in the face.
"With commodity prices down and down big, as they are now, that gives you a benign market, a positive one, less roiled by a host of earnings disappointments and interest rate hikes that can slay any bull, even a raging one," the "Mad Money" host added.
How does he know this?
Cramer has been through the mill with commodity inflation. He reminisced back to 1987 when there was a bout of insanely high commodity price increases. He remembered that all sorts of goods like paper and chemicals shot through the roof.
And then what happened? The market crashed.