The Dow was down about 255 points with an hour left in trading, but Cramer wasn’t surprised. He’d urged viewers during Monday’s Mad Money to sell into any strength today. All that plan between Washington and major U.S. banks did was take another Great Depression off the table, he said. Companies will still struggle to make earnings, and home prices will still depreciate. So we’re not out of this mess yet.
One thing Cramer said he noticed is that the market seems to be following Apple. Steve Jobs Tuesday announced a new sub-$1,000 MacBook laptop, and AAPL has been dropping ever since. So too has the market.