Cramer: Egypt is ancient history
Jim Cramer | firstname.lastname@example.org
The military has played a positive role there historically, and the current government has not been pro-American--whether President Obama likes it or not.
Sure, oil is flashing that perhaps the Suez is closed--and I don't like a spike in oil--but it seems almost ludicrous that the market wouldn't like this change. There's been nothing but turmoil in Egypt for months; it just has finally hit the headlines.
What matters to me is this: So many are trying to interpret this market through the Egyptian lens that it becomes a fait accompli, but they shouldn't because there is no definitive link to the market at all.
Let's just say that if you liked a stock that's down but are worried about Egypt, you should use the opportunity to start buying.
It's just not all that cause and effect.