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Jim Cramer: When There's No News, Take Your Cue From Rates and Oil

This is why I always say you should not pay up after a gigantic decline the day before.
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In the absence of news what do you take your cue from?

Simple: rates and oil.

This market turned down the moment that rates turned down and oil plunged.

I wish there was more to it, but it is pretty algorithmic: S&P sell programs almost automatically kick in when rates and oil go down.

One of the reasons why I always say you should not pay up after a gigantic decline the day before is because whatever ailed the market the day before typically hasn't been solved yet.

Once again, I am worried about:

  1. Supply chain-created slowdown.
  2. Tourist-created slowdown.
  3. U.S. illness via Italy-created slowdown.
  4. Public health crises in countries we cannot help.

I am very impressed by the resolve of the CDC and the FDA and the Chinese authorities to be able to speed things up.

It's the most optimistic part of the day.

Action Alerts PLUS, which Cramer manages as a charitable trust, has no positions in any stocks mentioned.