Just because

Why are we still talking about oil, because the professinals have all lost their minds. The worlds needs about 85m barrels of oil, and over 87m barrels are being produced; therefore we have enough. But that wont help your pocketbook. My suggestions, save money on cell phone calls and throw it into your gas tank, you're going to need it.

Chevron (CVX): Cramer said the recent rally was only a “dead cat bounce” for the financials and would sell stock in that sector and buy oil stocks, such as Chevron and minerals.

Rio Tinto (RTP) and BHP Billiton (BHP), CVRD (RIO), Freeport McMoRan (FCX): Cramer was critical of Citigroup’s downgrade of RTP and BHP. He expressed his bullishness on both stocks and included RIO and FCX which he says is not a falling knife but a stopping knife.