Jim Cramer Says Global Oil Trading Is Too Powerful to Shut Down
JH Kim
Summary
- Jim Cramer said the market is too powerful for global oil trading to be shut down.
- He said global oil trading has such a strong structure that it would be difficult to stop.
- Some traders joked that an oil sell signal may have emerged, invoking Inverse Cramer.
Forecast Trend Report by Period
Jim Cramer, a host on a U.S. business news network, said the market is too powerful for global oil trading to be shut down.
Cointelegraph, a cryptocurrency-focused media outlet, reported on September 8 that Cramer said global oil trading has such a strong structure that it would be difficult to stop.
Some traders later joked that the remarks may have signaled a selloff in oil, invoking the so-called "Inverse Cramer" trade.
"Inverse Cramer" is a term used by online investors to mean taking positions opposite to Cramer's market calls.
JH Kim
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