"I can't tell you how many times people hit me up today to ask if the rally is dead," said Jim Cramer at the start of Wednesday's broadcast.
Investors demanded insights from the Mad Money host as stocks fell the most in three months and the Vix spiked on Wednesday. Largely the negative price action was triggered by newly released minutes from the U.S. Federal Reserve's which suggested the central bank may slow or stop buying bonds sooner than expected.
The Fed has used quantitative easing, or QE, since 2008 as its main tool for stimulating the economy. The policy, which involves expanding the Fed's balance sheet to buy bonds, has been credited with pushing money into stocks. If it were to end sooner than expected, it could introduce a wild card into the market.
And a wild card is the last thing investors wanted to hear about. At the same time other catalysts emerged that suggested the market may be facing new headwinds.