The Autos Supersede the Futures Here

So what if GM (GM - commentary - Cramer's Take) hangs at the balance and the automakers don't sound like they are going to get a deal anytime soon. What matters, of course, are the futures! Today's futures action is brought to you by a combined Europe and Asia arithmetic session where Japan rallied and Europe is not down 3%. If Europe rallies at all we have a higher opening and all of this is ... totally fatuous.

Our market has decoupled from those others for the most part because we are in our own particular auto hell. We simply are not going to be the same economy if we are not bailing out the autos.

For the record, if it had to do with finance and discipline, I would just tell Cerberus, "You made a big mistake, nothing for you," and I would tell GM and Ford (F - commentary - Cramer's Take), "Time for prepackaged bankruptcies, and the feds will give you debtor-in-possession financing."

But that's way too sophisticated for this Congress.

So we have all of this wrangling about nothing.

Suffice it to say, if we get no deal for the autos, Europe doesn't matter.

The futures are wrong and stupid again.

If you think there is no deal, sell.

If you think there is a deal, buy.

Oh, and stop worrying about hedge fund redemptions. New round coming after Nov. 15.

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

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Know what you own: Cramer mentions automakers. Other companies in the industry include Honda (HMC - commentary - Cramer's Take), Toyota (TM - commentary - Cramer's Take), Nissan (NSANY - commentary - Cramer's Take), Tata Motors (TTM - commentary - Cramer's Take) and Daimler (DAI - commentary - Cramer's Take).

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