After receiving weak industrial numbers and terrible harbingers of big layoffs, for example, he thinks the market deserved to sell-off. But the "Mad Money" host said the sell-off was entirely based on information the market either saw coming or should have seen coming. In other words, the market continually sells off after receiving the same kind of negative news. And it happens over and over again.
To be clear, Cramer pointed out that the U.S.'s economic slowdown is real. But how long it will last remains to be seen. Either way, Cramer's longer-term judgements about the aforementioned companies. After all, what if things start to turn around, he asked.