Jim Cramer Says Oil, Risk of Trouble at Major Hedge Fund Make This One of Year's Worst Trading Days
Summary
- Jim Cramer said the current market was one of the year's weakest trading days, citing oil prices and the possibility of a crisis at a major hedge fund.
- He said moves in oil prices and the potential for severe losses at a major hedge fund were weighing on financial markets.
- He said he was raising the possibility of trouble at a specific hedge fund, but had not confirmed that an actual crisis had occurred.
Forecast Trend Report by Period
CNBC host Jim Cramer said the current market session was one of the year's weakest trading days, citing oil prices and the possibility of trouble at a major hedge fund.
Cointelegraph reported on Oct. 16 that moves in oil and the potential for severe losses at a large hedge fund were weighing on financial markets.
He raised the possibility that a major hedge fund could run into trouble, but did not confirm that any specific fund was actually in crisis.
Cramer said those risks made it "one of the worst trading days of the year."
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