CNBC’s Jim Cramer on Monday reviewed what could have lead to last week’s massive sell-off.
CNBC's Jim Cramer on Monday reviewed what could have lead to last week's massive sell-off, telling investors the declines may have been facilitated by failed market strategies from larger institutions.
"What did happen when the market fell apart a week ago? Why is everything so opaque?" he asked."Simple: nobody in this business is required to talk about how they blew it, how they simply didn't know what they were doing and lost a lot of money and caused your portfolio to get hammered as collateral damage.
These investors then had to sell off substantial sock because"they were playing with cheap money that suddenly became a lot more expensive," he added. "We've had so many sell-offs based on mistaken strategies by large institutions," Cramer said."Let's remember last Monday's selloff and consider that it might've been about nothing more than flailing money managers, which is often the case with these big market meltdowns."
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