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Cramer: Russia's Impact Finally Being Felt

Stocks in this article: RDS.APGKCL

NEW YORK (Real Money) -- It must have just dawned on people after work last night that Russia is bad news for the stock market.

I guess investors needed to hear it from companies as diverse as Siemens, Adidas, and Shell (RDS.A) all at once to drive the point home. Yes, Russia, Ukraine, Russian impact on Europe, strong dollar, it's all coming together in one ugly morning.

There's a grudging recognition that not only are the sanctions not working, but they are making Putin dig in his heels. Digging in his heels means that he is going to cut the natural gas spigot to Europe when it gets cold. I think that's how a company like Siemens could withhold an outlook for 2015. I think it is how Shell last night said it could be a game changer. Adidas didn't even have to wait until winter to lower the boom. It did so now.

Read More: 8 Stocks George Soros Is Buying in 2014

I think the chasm is growing here not just with Russia and the West, but the West and the president. The Germans, whom we think are very much in control of the negotiating stance, want things to be solved diplomatically.

President Obama wants it to be solved.

The Germans want things to be solved before it gets cold.

Obama's not worried about warmth; he's got no ties to Gazprom.

The Germans have huge business interests in Russia, and many of its businesses run on that natural gas.

Obama could care less about business, never has, never will. In fact, I think he doesn't believe he is accomplishing anything until actual earnings per share are hurt. I sometimes wonder if he thinks that the stock market is this bizarre abstraction that should be going down because of the things he is doing and if it hasn't, he's not being tough enough. I think many of us felt that way about the banks in the early Obama administration days and are now feeling it about the industrials.

Read More: Warren Buffett's Top 10 Dividend Stocks 

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