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

We are on track for an A+ opening after the big two-day

sell

-off that wiped out 1.7 trillion and the market cap will be able to stocks maintain their gains so far this week all three indices fell more than 6% Jim seven in 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 leave the group that they find in the United States. I seem to say it that way because I certainly have a green light to say it from the CDC and then a possibility of an Ebola situation.

Remember that if we lost someone in Texas, that would be a problem with the public health system. I think

something

could happen, something like that here, it would be shocking. We have lost 14,000. people from the common flu, so let's say they use it from the new flu and maybe because of a respiratory illness. I think it is certainly possible. I think we keep reading, you'll read every day about someone new and about a new area and that's just the nature of the beast because the thing was obviously picked up very easily at some address in the UK yesterday talking about if it's one, it's in metal for acts, you have to be six feet away.

I mean, it's easy to pick up, so I think it's going to obviously be worse than the common flu, but we've had 15 million people have had the common flu this year in the United States, so maybe because 100 million because of this, although we have tried to eliminate, they outline in this the difference between the public health aspect and the aspect of corporate economic activity and today we listen to Danone Diageo Weibo KLM Toyota but we know it is long yes, thank you, we don't know, we are not doctors and I think you always have to

start

by saying this is what the CDC says, but supply - bad chain economics are obviously weak and then you find yourself in a situation where a TJ is asked to report a great quarter, so you just ignore that they reported a great quarter.

I don't believe it. I think it's a mistake. Can you introduce it? far away absolutely, but I can look at some of these stocks and say, okay, how many of them reflect the ku and travel reflects it no, because travel will have everyone as a customer, just some of these other companies and last night I was talking to Marc Benioff on in Salesforce stock, damn, we can talk about that because yesterday was a step, yesterday he resigned on Tuesday on some that Davis on Tuesday stepped on Tuesday, yeah, you know, look, let's say, do you really want to hate the market as much as you did? - 7% and I haven't bought anything.

Can't. My son trusted 21% cash. It's not that he's a genius. I just didn't like being one. I know he's the tallest, he's like Buffett. The only time I've been at Buffett's caste level. You know, Fortune actually compared me to Buffett, Karen Cramer and I in 1989 with the new buffets mmm, yeah, really, yeah, we were a I'm not sure it wasn't a misleading comparison, because Karen could break, yeah, for that, okay, hello. Karen, I know she looked, but 7% of hers is not enough. Do you think you can discount at least right now the fact that it's coming to this country and possibly causing disruptions like the CDC seems to be indicating and that we're going to continue to see corporations curb travel, for example, yeah, I mean, schools will doubt the economy will slow down.

I think some companies are starting to think yes. I think this day is negative, it's down 7%, it's not enough, it's irresponsible, because to stay so positive until 7. % why I guess what David asked is why wouldn't you wait for these warnings to come when we know they're going to arrive well. I absolutely know you want to wait until the warnings come in, but I'd take a look at why not. Look at MasterCard I had the transition last time, I went down on Tuesday, they reduced the numbers, the stock was affected now, if you look, the MasterCard stock continues to go down even though they have already told you that it is going to go down, but then you .

I'm going to have to say you know what, even when they work and get over it where things can go down, but again I'm just saying that if you have a lot of cash, let's see how the 20% is issued, how can you not put the 1% to work? You're really going to think there's nothing wrong with anyone, doctor, and there were two things from the federal government that came out yesterday. There was one from the National Institutes of Health who basically came in with a hug. Your children too. I did not like. I thought that shows bad leadership.

I won't be overtly critical but I have to do it and then dr. stock market appeared, he talked about modernity, he talked about Gilead, not now, he was the first to say listen, this is coming here, now he is the first to say, you know, there may be things that are good, so I'm starting. To believe in science I'm starting to think that if there is any risk that they do something good and you have nothing, so I like to look at the first shoe, we have real problems, we group together, okay? We're dying on the second shoe, so they decide to stockpile canned goods and water like many of my hedge fund friends do in their second or third home, they should just buy stocks.

No, we did the same. Jim already grows his own. He puts out food so you don't get that look. I'm going from C. I would be worried about mushrooms. I mean, he can choose from all over the world where he'll go, but all you have to do is get on a plane, which probably isn't something you want. they wouldn't David it's not about me it's not about me particularly 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 could be this epidemic part of the fight against corona look 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 go for it all if I thought you didn't have these other shoes, but I'm starting here a different tone than people as to endorse you.