According to Cramer, the oil spill has become enough of a psychological drag to even be affecting comsumer habts. "They're not going to
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
, which he calls a "monster stock," with much upside.
Cramer's Stop Trading!: Yuan, Nat Gas
-- Reported by Andrea Tse in New York
>>06/18 Cramer's 'Stop Trading': BP, Marathon
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