Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
A temporary airspace closure forced flights coming into Dubai from Australia, Singapore and India to be diverted to nearby airports.Airlinesread more
As the home to major companies such as Garmin, Sprint, H&R Block and Russell Stover Chocolates, plenty of business travelers find themselves in Kansas City for work. Here's...Travelread more
The United States aims to avoid war with Iran and the additional troops ordered to be deployed in the Gulf region are for "deterrence and defense," U.S. Secretary of State...Politicsread more
Investors are asking how the world's third-largest defense spender could have left itself so vulnerable and what that means for the future.Politicsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
Jim Cramer is worried by the sell off in the . Really worried.
"Whenever you have a sell-off as dramatic as what we've been seeing in many , there are often deeper forces at work," Cramer said.
At issue is the amount of money that went into growth stocks trading on the Nasdaq between 2011 and 2013. Because growth was hard to find during that period, "growth managers were very willing to buy companies with terrific revenue growth even if the company was not profitable," Cramer said.
In turn, the appetite for growth triggered a spate of IPOs, with the newly public companies also offering growth but not profits.
That concept of growth without profits "is an integral piece of the puzzle. It's behind what's gone wrong here," Cramer said.
That's because, in early 2014, the economy showed early signs of significant improvement.
As a result, money managers rotated out of so-called momentum growth stocks (that had no profits) and put money to work in cyclical stocks that stood to advance on solid fundamentals; things such as higher profits.
Then to aggravate an already serious problem, "lock-ups started to expire," Cramer said.
That is, more shares of companies with growth but no profits came onto the market at a time when the appetite had started to diminish substantially.
"What we ended up with was a nasty situation," Cramer said. Selling prevailed with the Nasdaq making its largest decline in two years in early April.
Although Cramer is typically a buyer of weakness, he doesn't think this is a typical sell off.
"The Nasdaq decline is not about the fundamentals, it's about the mechanics of the market," Cramer said.
Read more from Mad Money with Jim Cramer
Cramer tackles earnings seasons
How to increase child's net worth
Nabors v Intercept: Any upside left?
And until the mechanics find some level of equilibrium, Cramer thinks the path of least resistance will remain lower.
"Not until insiders find levels they won't sell at, or a big slate of upcoming IPOs gets cancelled, or money rotates into the sector again, will the selling abate."
Until then, Cramer says there's no compelling reason to buy. And without buyers, the Nasdaq could be in a world of pain.
Call Cramer: 1-800-743-CNBC
Questions for Cramer? email@example.com
Questions, comments, suggestions for the "Mad Money" website? firstname.lastname@example.org