Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
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 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.
"I never forgot how much you have to fear rising commodities. I hate commodity increases. They are a disaster for stocks because raw costs impact gross margins and declining gross margins lead to declining stock prices," he added.
Cramer saw the same thing occur back in 2008, and while it is painfully clear that commodity spikes contributed to the two largest market crashes of his lifetime; for some reason people still question if cheap oil prices are a good thing.
The "Mad Money" host has exhausted himself talking about the benefits. How small businesses and investors now have expendable income to go out to dinner, or hire more, or spend more.
Read more from Mad Money with Jim Cramer
Cramer Remix: Oil news you've waited on
Starbucks CEO speaks out on race
Cramer: $$ rolling into this sector—thanks to Fed
In Cramer's perspective, there is one glaring negative to low commodity prices though. It is currently used as a barometer of growth in China. The Baltic Freight Index, which measures raw goods traffic in China has been sliced in half and does not show signs of recovery. He sees that China is definitely slowing down as a result.
But in the end, Cramer isn't sweating it, and he doesn't want you to either. Stop worrying about the decline of commodities, and start reaping the benefits that they bring. After all, there are a heck of a lot more consumers in this country than producers in the S&P 500.