Finally, for Cramer, Thursday's big bank earnings reports could not be more important to this ailing market.
Bank stocks exploded after the election, but since March, weak employment numbers and the GOP's health care defeat dragged the big banks' shares down.
So with the market slumping from stalling in Washington, foreign policy tensions, expensive stocks, and more, this inflection point needs a resolution, whether it comes in the form of strong earnings reports from JP Morgan, Wells Fargo and Citigroup or progress in Washington.
"For the moment, we're at a level where things need to go very right for stocks to move higher, and those long odds make for a, yes, suboptimal start to earnings season," Cramer said.
In Cramer's lightning round, he sped through his take on some caller favorite stocks:
SemGroup: "It's a good company. It's a good company. It fits the profile and it's a good company. It does a lot of gas liquids, it's a very good company. I've got a good call."
AMC Networks: "Yeah, you know, it's at kind of an interesting level, and it's good. And these content companies became king again. I like your choice."
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