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Cramer: The culprit behind 3rd quarter destruction

With September coming to a close and the third quarter ending, Jim Cramer decided to figure out what was really behind the horrendous market decline.

What if commodities crashed and none of the producers blinked?

That is pretty much what happened this quarter. Many major commodities slumped double digits, with oil's 25 percent decline leading the way. Yet there were almost no supply cuts.

"That supply demand imbalance is at the heart of what went wrong in the third quarter, even as it should have been what went right!" the "Mad Money" host said. http://www.cnbc.com/id/103040502&text=supply demand imbalance is at the heart of what went wrong in the third quarter, even as it should have been what went right!&via=CNBC">(Tweet this)

Many investors wanted to focus on the Federal Reserve as the driving force behind stocks, but Cramer disagreed. There is certainly no doubt that the Fed played a major role, but the real culprit behind the destruction was the commodity market.

Or more specifically, the spillover problems of commodity plays into...


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