Cramer: Charts forecast further declines for oil prices and stocks [CNBC]
Comcast Corporation - Class A (CMCSA)
Last comcast corporation - class a earnings: 4/30 07:00 am
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Source: CNBC
show chapters Extreme volatility in the energy market could be one of the less obvious causes of the stock market's broad-based sell-off , and there could be more pain to come, CNBC's Jim Cramer warned Tuesday as the Dow Jones Industrial Average erased its gains for the year. You can't understand this breakdown in the stock market unless you recognize that we're seeing some spillover from the carnage in the oil futures, he said after consulting with his top commodity expert, Carley Garner. You have tons of money managers with staggering losses in, say, the oil futures, Cramer said on Mad Money. If their investors want out or they just need to raise capital to meet the broker's margin calls, they need to sell something, and that often is stocks. Oil prices fell sharply Tuesday on fears of a supply glut and a slowing economy, with U.S. West Texas Intermediate crude hitting a one-year low. Crude futures have dropped dramatically in the la
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