IMO he's overreacting to the market plunge today.

The whole swoon today, was rigged by the investment banks because they pull that to intimidate governments whenever someone threatens to regulate their high-stakes gambling.

Germany imposed an unexpected ban on naked short selling of bonds, and this whole fake market dive happened today.

It's getting very predictable, how financiers today manipulate the fears of politicians.

IMO Jim Cramer is just responding to this unjustified market dive today.

(But the market was/is oversold. So I agree with him that if it doesn't recover soon, it'll be because there's something really bad brewing.)