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Cramer on BloggingStocks: Institutions are flooding the nat gas futures

 Aug 19, 2008 08:58 AM UTC
Return Risk
-20.88% LOW
Tracked Blogger
Symbol Sentiment Start Return Closed
APC n/a

Graphic_arrow1 Via BloggingStocks:  

Filed under: Market matters, Anadarko Petroleum (APC), Oil, Cramer on BloggingStocks

TheStreet.com's Jim Cramer says there's a big disconnect between the trade, orchestrated by the funds, and the real-world demand.

How can anyone actually own oil or natural gas through this relentless assault on price? I know when it was going up, the talk was that all of these new funds were indexing trillions to commodities and it was just going to stay there, and that's why there was a new level of oil demand.

Can those same accounts come in every day and take this relentless pasting no matter what the news? And do they believe the news, that they are losing money today because some storm went to Daytona and not to New Orleans?

Yesterday, I had Jim Hackett, the CEO of Anadarko Pete (NYSE: APC) (Cramer's Take) on "Mad Money at the Half," and he was flabbergasted at the ac...




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