Cramer Yesterday

Cramer says cut from fully-invested to 75% invested, based on S&P oscillator, which is the only oscillator he trusts. Or if you can go short, go short 25%. It (oscillator) didn’t work in 1987 but about 500 other times it has worked. It’s a proprietary oscillator.

Peace in Nigeria. Iraq is “stable;” Iran is off the table. Talks about Statoil. Remains bullish on oil. They have to drill deeper in North Sea. Mexico not replentishing. For every North Sea…Transocean Deal…Not enough rigs. Very capital intensive industry. Can’t turn a switch.