Cramer

Jim Cramer had a 9-minute diatribe this morning about UVXY, XIV, etc. First 10 minutes of Squawk on the Street if you can find it archived later. He stopped short of calling for the SEC to look into closing such products, but said if they were to do that, the market would bottom. He believes the selling of stock has been driven by traders liquidating to cover margin calls in volatility products.