Where's the Link Between Lower Oil and Tech?

Oil's going down -- take some Apple (AAPL - commentary - Cramer's Take)! Oil futures getting hit -- great opportunity for IBM (IBM - commentary - Cramer's Take). Let's grab some Microsoft (MSFT - commentary - Cramer's Take) and some Lam Research (LRCX - commentary - Cramer's Take), because gasoline might be softening. Why not by options on the SOX? The Semi HOLDRs (SMH - commentary - Cramer's Take)? They work well when we pay less at the pump.

Yep, here we go again with the ridiculous, counterintuitive hedge fund playbook where we buy NDX because we need to do something on these down oil days.

I swear, there have to be hundreds of hedge funds out there who play this way, or you couldn't budge these stocks. I get the retail play: the zero-sum gasoline/apparel trade at least has some rigor. I get the restaurant trade on a day like this with Darden (DRI - commentary - Cramer's Take) and would encourage buying McDonald's (MCD - commentary - Cramer's Take) and Yum! (YUM - commentary - Cramer's Take).

But the SOX? Novellus (NVLS - commentary - Cramer's Take)? Broadcom (BRCM - commentary - Cramer's Take)? Nokia (NOK - commentary - Cramer's Take)? Can you believe this nonsense? And the fact that it might be up tomorrow because analysts endlessly recommend them won't make them any more right.

However, it remains the easiest pattern to predict, and if you think oil will be down tomorrow, then who can stop you from buying some Intel (INTC - commentary - Cramer's Take) and why would IBM stop at $126?!

Oh and F5 (FFIV - commentary - Cramer's Take) is soaring today -- it must be a great play on diesel!

At the time of publication, Cramer was long McDonald's.

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