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Cramer's Stop Trading!: BP, TreeHouse

On his Tuesday Stop Trading! segment on CNBC, Jim Cramer says the BP oil spill in the Gulf of Mexico is the 'biggest thing that's happened to the market.'
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NEW YORK (TheStreet) -- On his Tuesday Stop Trading! segment on CNBC, Jim Cramer says the BP (BP) - Get Report oil spill in the Gulf of Mexico is the "biggest thing that's happened to the market."

According to Cramer, the oil spill has become enough of a psychological drag to even be affecting comsumer habts. "They're not going to

Nordstrom

(JWN) - Get Report

and buying shoes," Cramer said.

"I've never felt the country feel this helpless" since the Vietnam War, Cramer says.

On Tuesday, existing-home sales of just below 5.7 million units disappointed, falling far below the consensus estimate of 6.2 million. Unlike economists, Cramer had been more conservative about his estimates, guessing that the figure would be closer to 5 million. "Seventy-five economists ... I'm tossing all of them in the garbage."

Separately, a bill being mulled over by lawmakers is proposing a $10 million prize to the first company that's able to develop a battery with a range of at least 500 miles on a single charge. Cramer thinks this is a good incentive, but laments that the country is still "plugged into" a polluting, coal-based system.

Cramer's stock pick for Tuesday's

Stop Trading

is therefore

TreeHouse

TheStreet Recommends

(THS) - Get Report

, which he calls a "monster stock," with much upside.

Cramer's Stop Trading!: Yuan, Nat Gas

Click here for Cramer's Monday Stop Trading! segment

-- Reported by Andrea Tse in New York

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