(Updated to add portfolio.)
By Roberto Pedone
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According to Jim Cramer, the
the oil futures markets are being manipulated.
Cramer strongly believes that the futures market isn't the real deal, because if it were, the price of crude oil would have never reached $140. Cramer thinks any opposition to reforming the futures market should be stopped. He is publically supporting Gary Gensler, the new head of the Commodities Futures Trading Commission.
Despite that support, Cramer feels that the futures traders are far too powerful and connected in Washington to be stopped. He believes that the futures industry will lobby Congress, ask for support from the academic world and manipulate the mainstream media to back its position that the futures markets are too big to be controlled.
Cramer thinks we need a new market leader to complete the trifectra that was oil, tech and banks, now that we might have lost oil due to the manipulators. That new market leader is health care. Cramer is recommending drug stocks such as
(GILD - Get Report)
(ABT - Get Report)
, both of which he holds in his charitable trust,
Action Alerts PLUS
Recently, Cramer found opportunity in natural gas stocks, including
(CHK - Get Report)
; stocks that could be the new market leaders, such as
(MDRX - Get Report)
; and gold stocks, including
(AEM - Get Report)
. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on
blog posts. (These blog posts might require a
To read more,