Jim Cramer says the markets are batty

"In 31 years," says the CNBC analyst, "I've never seen markets this crazy." He blames hedge funds that are moving the market in contrary ways (and which, by the way, are still largely unregulated). From The Street:

These bets distort the actual markets they play in. They affect the line, so to speak, and these different instruments, from stocks to oil to gold to bonds, can't correlate. The idea is that, ultimately, someone is wrong. But right now you have no patterns that make sense, hence the confusion.