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Hedge Funds Are Moving This Irrational Market

By Jim Cramer

About this article:
They disappeared. The darned sellers disappeared. The sellers of MasterCard and Freeport-McMoRan and Potash. The sellers of National Oilwell Varco and Conoco and XTO Energy and Ultra Petroleum. The sellers of Occidental and Devon. Where the heck did they go? Think about it: Natural gas and oil were down today, despite a hurricane coming to the Gulf! This is what I mean is driving me and everyone else crazy. This is what I mean when I say these hedge funds have lost control of their clients, their money and their minds. Think about it: If you weren't desperate, you could have sold a little yesterday and a little today. You got much better prices today. These hedge-fund young guns either don't know how to trade -- use a discipline, work the order, try to get a good price -- or they have to send money back constantly because...

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