Hey, I'm Kramer. Welcome to Mad Money. Welcome to Kramer. Other people want to make friends.

I'm just trying to save you a little bit of money here. My job is not just entertained, but that you can teach.

Call me at 1-800-743 or tweet me at Jim Kramer. We're in one of those critical moments where

everyone's asking themselves the same thing. What the heck do I need to own any stocks for?

Unless you own tons of oil stocks, a fertilizer stock, and a couple of chemical companies,

you're getting a real beat-down. We may not be far from the all-time highs, but let's face it,

many stocks are down

giganticly and more important. They could have a lot more downside if the war continues. So in a day

where the Dowell tumbled 739 points, the ESP plunge 1.5% and the NASDAQ plummet at 1.78

in response to soaring oil prices portal on by the war. We have to figure

out why owning stocks at this very moment

makes any sense at all. I do have

a couple of good reasons, I think.

First reason, trust me.

Everyone else is thinking just like you.

They can't imagine a way out now that Iran

has decided that oil should go to $200

a barrel, and they should profit

from it because they can block the strait of removes by lobbying projectiles and ships

from non-friendly countries. They're using cheap drones to target the oil infrastructure of the Gulf

monarchies. These oil facilities and refineries are gigantic, and they were not built-hardened.

They're totally vulnerable.

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