Jim Cramer is frustrated at the market. It just doesn't act like he wants it to! Instead it has massive swings up and down, with Friday ending in the red.
What the heck gives? What could be ailing the market to drag it down?
It certainly is not the United States, which makes this situation even more difficult. The issue stems from currency. Unfortunately the hedge funds and money managers have been caught with their pants down, yet again, because of the strength of the U.S. dollar.
Really? Did they not see this coming? Perhaps they did, but it was the speed in which the U.S. dollar gained strength that was most surprising.
In Cramer's perspective, the area that will see the most pain from the currency debacle are foreign companies that have U.S. denominated debt. Unfortunately, those are the companies that will have a hard time paying interest on the debt because of the weak local currency.
There is one company that scares Cramer the most. He is determined to educate investors about this company, because if it goes bust because of the extensive debt it carries on the books, it could bring down the whole market.