Jim Cramer: 'You've got to start buying something' after coronavirus sell-off

we're on track for an A+ open after the big two-day

sell

-off that wiped out 1.7 trillion and market value can stocks sustain their gains so far this week? All three indices are down more than 6% Jim seven on the S&P, which you think might be the time to get in. You have to

start

buying

something

now. I would look. I understand that there are two shoes to drop the group they find in America. It sounds like I'm saying it that way because I certainly got the green light to say it from the CDC and then the possibility of an ebola situation remember if we lost someone in Texas that was

something

that was a problem with the public health system I think something could to happen something like that here would be shocking we have lost 14,000 people from the regular flu so lets say they use it from the new flu and maybe due to a respiratory illness.

I think it is certainly possible. I think we keep reading. You're going to read every day about someone new and about a new area and that's just the nature of the beast because obviously the thing got so easily caught up somewhere in the UK yesterday talking about how if it's one it's in metal for acts, you have to be six feet apart. I mean, it's easy to catch, so I think obviously it's going to be worse than the regular flu, but we've had 15 million people with the regular flu this year in America, so maybe because 100 million for this, even though we've tried to eliminate, delineate in this program the difference between the public health aspect and the corporate aspect of economic activity and today we hear from Danone Diageo Weibo KLM Toyota but we know that it is long yes thank you we don't know we are not doctors and I think we always have to

start

by saying this is what the CDC says but supply chain bad economy obviously weak and then you're in a situation where TJ is being asked to report a great quarter so just ignore they reported a great quarter I don't think so so I think that's a bug, can you absolutely archive it? b but I can look at some of these stocks and say, okay, how many of them reflected the ku and the trips reflect that, no, because the trips will have all customers just some of these other companies and last night I was talking to Marc Benioff at Salesforce . stocks dammit we can talk about it because yesterday was a step yesterday resigned Tuesday on some that Davis Tuesday stepped on Tuesday yeah look let's just say do you really just want to hate the market as much as you did - 7% and I haven't bought anything I can't trust my son 21% cash it's not that I'm a genius I just didn't like being one I know it's the highest it's like Buffett Buffett's caste level the only time I've been you know actually fortune compared me to Buffett and Karen Cramer and myself in 1989 with the new buffets mmm yeah really yeah we were a I'm not sure it wasn't a misleading comparison well because Karen could break what Yeah, that's why it's okay, Karen.

I know you saw it but it's not 7% ​​eno ugh you plan on discounting at least at this point due to the fact that it's coming into this country possibly causing disruption as the CDC seems to indicate and that we're going to continue to see corporations curb travel, for example, yes, I Bad schools will doubt that the economy will slow down. I think some companies are starting to think yes. Wouldn't you wait for these warnings to arrive when we know they will arrive well? Alright. I absolutely know you want to wait until the warnings hit, but I'd take a look at why not check out MasterCard.

I transitioned the last time I quit. Tuesday they cut the numbers ok stock hit now if you watch MasterCard stock continue to go down even though you've already been told that's going to go down but then you'll have to say you know what even when they work and end where things can go down but again i'm just saying if you have a lot of cash let's look at 20% issue how you don't put 1% to work are you really going to think nobody has anything to do doc? and there were two things from the federal government that came from yesterday, there was one from the National Institutes of Health that came in basically with a hug to your kids too I didn't like that I thought it shows bad leadership I'm not overtly critical but I have to and then dr. pouchy came he talked about modernity he talked about Gilead now he's not he was the first to say listen this is coming here now he's the first to say you know what there can be things that and that are good so i'm starting to believe in science i'm starting to think that if there's any risk that they'll do something good and you don't have anything, so I'm, I'm like, I look at the first shoe, we have real problems, we meet, okay? the second shoe we got a death so they decide to stack canned goods and water the same way a lot of my hedge fund friends are in their second or third home they should be

buying

stocks no we did the same thing Jim ya grow yours. food out him so you don't have that look I'm going from C I'd worry about the mushrooms I mean he gets to pick out of the whole world where he's going to go but all you have to do is get on a plane which he probably won't it's something that you wouldn't david it's not about me it's not about me in particular after i announced yesterday that i was a little crazy i mentioned an animal that was something i can really be a part of this can be this epidemic, part of the fight against

coronavirus

, look, I just don't do it if you haven't put anything to work, I think you're playing with fire I don't think you look obviously I'd say put all the work in if I thought you didn't have these others shoes but I'm starting here a different tone of people as endorse you