Home Markets Jim Cramer says the stock market is ‘full of absurdity’ right now

Jim Cramer says the stock market is ‘full of absurdity’ right now

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CNBC’s Jim Cramer said Wednesday he’s seeing multiple signs of “absurdity” in the stock market right now, making it a bit challenging for investors to fully make sense of daily trading.

The “Mad Money” host said one example is the way in which the price of natural gas is, essentially, impacting the performance of technology stocks. The rising price of natural gas is playing a big part in the recent move higher in bond yields, Cramer contended, because it plays into investors’ inflation concerns. And the move higher in bond yields is making technology stocks fall out of favor on Wall Street, he said.

“Of course, when a linkage gets this attenuated it makes you wonder if the market has completely lost its mind. Do we really believe Apple‘s stock should rally if natural gas falls from $6 to $5.50?” Cramer asked rhetorically. “Apple’s market capitalization might literally grow by $50 billion if natural gas breaks down below $5.50, even though there’s no…

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