This post appeared earlier today on RealMoney. Click here for a free trial, and enjoy incisive commentary all day, every day.
This is the last really bad inflation number, or among them. We have had a total commodity collapse since this number was compiled. We all know this.
We who watch the markets have lived with this collapse for six weeks. Not only is it
revelatory, but it is so historical as to be humorous. And the commodities aren't done coming down. They will stay here, rangebound, until the next big batch of bad news, because we are not gaining strength worldwide -- we are
strength, as the Baltic Dry Index shows every day.
It is natural to want to sell on these numbers. Easy. Simple. Natural. But remember that you might be selling the big commodity swoon plays --
-- as well as the utilities that benefit --
-- without realizing that since commodity peaked, these are the big winners, not the losers.
Cramer: Inflation's High, Time to Buy
var config = new Array(); config<BRACKET>"videoId"</BRACKET> = 1716456443; config<BRACKET>"playerTag"</BRACKET> = "TSCM Embedded Video Player"; config<BRACKET>"autoStart"</BRACKET> = false; config<BRACKET>"preloadBackColor"</BRACKET> = "#FFFFFF"; config<BRACKET>"useOverlayMenu"</BRACKET> = "false"; config<BRACKET>"width"</BRACKET> = 265; config<BRACKET>"height"</BRACKET> = 255; config<BRACKET>"playerId"</BRACKET> = 1243645856; createExperience(config, 8);
This is a market now where you ALWAYS want to take the other side of the trade. ALWAYS.
Let 'em come in, then remember that the commodities crashed since this 17-year high and pick among ones that you shouldn't otherwise be able to buy.
At the time of publication, Cramer was long Pepsi and Procter & Gamble.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. To order Cramer's newest book -- "Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer),"
click here. Click
here to order "Mad Money: Watch TV, Get Rich," click
here to order "Real Money: Sane Investing in an Insane World," click
here to get "You Got Screwed!" and click
here for Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he appreciates your feedback and invites you to send comments by
TheStreet.com has a revenue-sharing relationship with Amazon.com under which it receives a portion of the revenue from Amazon.com purchases by customers directed there from TheStreet.com.