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Cramer has often said that it's not the direction of a move that scares the markets, it's the velocity. That's why today's sharp spike in oil prices is having such an impact, as investors struggle to comprehend what higher oil prices actual means.
It wasn't too long ago that low oil prices were the worry, with rampant bankruptcies forecast in the oil patch. But just as cooler heads predicted, oil prices not only stabilized but are returning to the levels they probably should've been at all along.
But for many money managers, today's spike in oil seemed to be a surprise, sparking the logic that higher oil prices means a stronger economy, which will surely lead to higher interest rates, making so-called long dated assets worth less. Thus the selling commenced.
For a stock like Walt Disney (DIS) however, today's selling was a blessing. The company reported an amazing quarter, yet shares ended the day down 22 cents a share. The long-term story for Disney is still intact, so why not use today's weakness as an opportunity to buy, buy, buy?
Executive Decision: Brad Jacobs
For his "Executive Decision" segment, Cramer sat down with Brad Jacobs, chairman and CEO of XPO Logistics (XPO), our nation's largest "last mile" logistics provider, which last week announced the acquisition of a major European logistics provider, its first foray outside of the U.S.