NEW YORK ( TheStreet) -- It was a tale of two markets, Jim Cramer told his "Mad Money" TV show viewers on Monday, as he opined on the day's trading action. Cramer said that all of last month's winners got pummeled today, while a whole new class of stocks became en vogue.
Cramer said it may be hard for individual investors to fathom the intricate dynamics of the markets, but today's trading illustrated a classic "linked trade" with Europe. He said for weeks, hedge fund managers have been betting hundreds of billions on continued weakness in Europe. So today, when the U.S. dollar reversed course and took a turn for the better, many managers were caught on the wrong side of the trade.That explains the action in many weak dollar stocks like 3M (MMM), Johnson & Johnson (JNJ) and Pfizer (PFE), said Cramer. These stocks, along with many of the banks, all saw their shares slide today. Then there are the Nasdaq darlings, Google (GOOG) and Apple (AAPL - Get Report), a stock which he owns for his charitable trust
Executive DecisionIn the "Executive Decision" segment, Cramer checked back in with Andrew Littlefair, president and CEO of Clean Energy Fuels (CLNE - Get Report), a stock that's up 61% since Cramer last spoke with Littlefair on November 14. Littlefair said the economics for using natural gas for surface vehicles in the U.S. remain strong, adding that our country is passing up an incredible opportunity by not embracing the fuel. He said while Clean Energy Fuels doesn't need an endorsement from Congress, having leadership on the issue at the government level would go a long way toward moving the country to a new fuel.
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