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RealMoney.com: Jim Cramer Blog
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Hot Names Handle the Knocks, Like It or Not

By Jim Cramer
RealMoney.com Columnist

5/27/2008 12:44 PM EDT
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So Apple (AAPL - commentary - Cramer's Take), Amazon (AMZN - commentary - Cramer's Take), Google (GOOG - commentary - Cramer's Take) and MasterCard (MA - commentary - Cramer's Take) still have the power. They are still the tells. They have the consciousness of the market, and they can power anything.

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They are the "go-to" names that don't relent when the oil futures get knocked.

The correlation has to be the oddest unless you respect the way money is run in this country. The momentum buyers just work this way. They have a built-in directive: "It is all clear, when Potash (POT - commentary - Cramer's Take) and First Solar (FSLR - commentary - Cramer's Take) are down, go purchase Apple and MasterCard." It's that simple.

In other words, if you understand what is happening in the oil futures, you can almost predict this move.

It's as ridiculous as the behavior I mentioned earlier.

Of course, Apple isn't alone. The Nasdaq futures at all about this same correlation.

Can't fight it; come to expect it.

At the time of publication, Cramer had no positions in stocks mentioned.






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Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. To order Cramer's newest book -- "Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)," click here. Click here to order "Mad Money: Watch TV, Get Rich," click here to order "Real Money: Sane Investing in an Insane World," click here to get "You Got Screwed!" and click here for Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he appreciates your feedback and invites you to send comments by clicking here.

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