Oil, gold, and natural gas will go higher, especially NG. And when election year influence subsides and U.S. has an Energy Policy, and when T. Boone Pickens idea of clean coal develops into a utilities (especially electricity) fuel, and NG is used as a medium term transportation fuel for internal combustion engines (along with selected, economically justifiable biofuels), world energy "needs" will come into focus, without total dependence on petroleum.
Financial equities and associated ETFs and other funds (including the government-backed financials) will continue to fade. Look at the interbank lending rates: the banks won't even lend to eachother. So, the credit crunch will continue until all the toxic paper they hold (housing, other derivatives "bets" that are losers) is on the books as losses.
Jim Cramer seems to be a good financial analyst, but the world of today is not the world when he was a hedge fund manager at GS. And he has proven that his favored biases toward the Investment Banks are not valid positions--and likely never were.
