Cramer's 'Stop Trading!': Gasoline Stimulus

The market "looks high," said Jim Cramer on Wednesday's "Stop Trading!" segment on CNBC. "I doesn't look ugly. It looks high."

He said that people are forgetting "the greatness that will come from lower gasoline, which was a better stimulus than any check you get from the government." Also, he said, while the upcoming earnings season "might not produce big revenues," there could be some earnings surprises.

Cramer said that people are letting negative "emotions coming from Washington" affect their thinking, which in turn sends the market lower.

He offered up a few ideas, starting with Ruby Tuesday(RT Quote). "I know that's very micro, but it's a place I like to eat," he said. It has a "good salad bar" and "much better earnings."

He mentioned Tween Brands(TWB Quote), which will be acquired by Dress Barn(DBRN Quote), and Charming Shoppes(CHRS Quote), whose inventories are down, he said, which implies a turn.

People might laugh at the "micro nature" of his picks, Cramer said, but "these are all things that will be accelerated to the upside on lower gasoline."

"The bottom occurred not in March in some of this market but with the beginning of the Brinker(EAT Quote)-Darden(DRI Quote) rally that carried off into the Nordstroms(JWN Quote) and the Macy's(M Quote)," he said. "Let's not overthink it. When gasoline goes down, it's a tax decrease far bigger than anything the government's thinking about."