And with the entire high-growth group stuck in the grips of the bear on Monday, Cramer also heard from many high-quality growth companies last week that he decided to make a few projections.
The most obvious growth stock to keep an eye on was Under Armour, because it just reported a strong quarter when it wasn't supposed to. Cramer thinks it is getting no credit for its huge investment in connected fitness devices, and it could represent a big annuity stream.
Other stocks on his watch list were Adobe, Salesforce, Fitbit, Live Nation and Flex.
"All of these stocks suffer from one huge concern — a total lack of faith that the future can possibly be as good as the past," Cramer said,
If that is what is driving stocks lower, it won't matter what Cramer says, the market is determined to bring them lower. So be careful, and keep these stocks on the watch list.
Cramer couldn't find many positive signs in the market on Monday, which is why stocks ended in the red at market close. And when he went back to look at his market-bottom checklist, he realized stocks were nowhere close to bottoming.
"The list reminds us, first, why we are selling off, and second, what could put an end to the pain," the "Mad Money" host said.
When Cramer checked up on the status of his market-bottom checklist, he even ended up adding to it instead of reducing it.
No. 1 was clarity from the Fed. The Fed is in a bind because as the economy has slowed but employment hasn't. The Fed is worried that the economy will overheat, but there is no overheating. Cramer needs to hear from Janet Yellen that her plan for multiple rate hikes is off the table, or there will be more pain ahead.
Cramer was disturbed by the lack of progress when he reviewed this checklist. In fact, he even decided to add a new item to the list:
No. 15 Credit issues must be resolved. There are oil companies all over the place saying credit has become more difficult to get. At the same time, there is fear about European banks and credit issues they may have. This potential credit crunch could turn into a real issue if not resolved.
"If we rally, you need to sell something, raise cash, and get ready for lower prices," Cramer said. (Tweet This)
Read MoreCramer: We're nowhere close to stocks bottoming