"TAP não sobrevive se se mantiver pública", garante Pinto Luz

[Ulisses Pereira]

Cramer tem estado muito "Bullish" e tem analisado muito bem os últimos meses do mercado americano. Sempre foi defendendo que a subida do preço do crude puxa pelo mercado accionista. Contudo, no artigo de hoje, diz que o crude pode chegar a níveis que comprometem as subidas no mercado accionista.

Um abraço,
Ulisses

"A Crude Move"

By Jim Cramer
RealMoney Columnist
11/10/2010 2:33 PM EST


"People keep asking me what would make me bearish. What would be upsetting? I have to tell you, it is precisely what turned the market around today: the price of oil.


It's a little too much like 2008, when oil kept going up and up and it took a lot of the market with it until people stopped driving and stopped going out because it cost too much to drive!

Right now we are still in OK territory, in part because (if you have filled up lately) this is just a blip. I also like the fact that natural gas is very low -- although I would feel better if we decided to go domestic and use the fuel for more than just heating and chemicals.

I don't fret over commodity inflation too much as raw costs make up about 7% of the cost of goods in this country while labor makes up about 66% -- thank you to Michael Cembalest over at JPMorgan for that stat.

I also don't fret that much about food inflation or even cotton inflation. The farmers will overplant and make up for all but corn, which his being bid up, again, by our misdirected corn-based ethanol obsession.

But oil?

Getting too high. And the market is getting too high on it.

Makes me less bullish, for certain. And given that oil now looks like it could exceed my multi-year $100 price target, this move up must be watched like a hawk for further developments.

At the time of publication, Cramer was long JPM. "

(in www.realmoney.com)