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Oil's Fall Reminds Me of the Dot-Coms

By Jim Cramer

 About this article:
 Nabors , Chesapeake , Apache , Smith International , Baker Hughes , Weatherford . Whoever owns these stocks has to be being wiped out. These losses cannot be sustained. These kinds of declines can only be described as dot-com-like in their chilling, sickening plummeting. These stocks are signaling horrible losses, perhaps even impairments, and I am not even going to detail all of the others in similar straits, although Transocean and Diamond Offshore are still above their long-term lows. It's amazing, but if you look at these stocks, many have repealed all of their gains of the past SIX YEARS! Some for the decade. It is classic. It's like they are worth nothing, at this velocity of a move. And who can go in and own them? Is there any doubt that the numbers are way too high for every one of them? Sure, it...

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