Jim Cramer, founder of TheStreet, expressed his thoughts on the midterms.
He also tackled other topics–such as Apple AMZN and Amazon AMZN and his RealMoney piece on oil.
Both Apple and Amazon are holdings in Cramer’s Action Alerts Plus portfolio.
05:02 Jim Cramer’s take on the midterms
The midterms, in Cramer’s eye, are a “big, bad event” that people need to get through.
Cramer takes a look at the potential market impact from the elections.
Previously, Kenny Polcari–who is a trader on the floor of the New York Stock Exchange–broke down the possible scenarios and market impacts of the midterms.
02:00 Should Amazon be broken up?
Both Amazon and Apple opened in the red when the market opened.
Amazon announced this weekend that the company is getting closer to choosing it’s second headquarters.
The company is in final talks with cities such as Dallas, Texas, New York City and Crystal City, Virginia.
And yet, Amazon still opened in the red. But Cramer breaks down why that’s not a surprise.
00:15 Oil
In Cramer’s Real Money column from this morning, he took a look at the oil sector.
“You’d think oil would be soaring on Monday on the U.S. reimposition of sanctions against Iran. You’d be wrong. To me, oil looks like it’s going to roll over, maybe roll over hard — which is totally counterintuitive, even with the President’s exemptions for certain favored nations,” he wrote.
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