TheStreet.com RealMoney

Wealth Continues to Wither

By Jim Cramer

About this article:
Join Jim Cramer, Doug Kass, Helene Meisler and other RealMoney pros at TheStreet.com Investment Conference on "Best Ideas to Make Real Money." Save the date: Saturday, May 2! More details here. The wealth destruction continues. If I didn't know any better, I would say that we are having a slow-motion multi-day crash that entices no one and makes people feel like total chumps for buying anything. The sustained nature of the selling, the hideous nature of the selling, the across-the-board nature of the selling makes it feel almost artificial, as if it's Monopoly money that everyone's losing, except the shorts. Some of it is macro: No Chinese equates to no infrastructure -- no coal, no iron, no steel and so forth -- but the stunning declines in JPMorgan Chase , Wells Fargo , Transocean and ConocoPhillips have to do with new onslaughts by the...

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