The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Jim Cramer thinks the decline in the averages on Tuesday made sense. It was logical, and even expected, periodically.
"Since we are in the thick of the playoff hunt, you have to view this market like the NFL. Sometimes a terrific team gets beat simply because it doesn't execute well. Individual players fail to play up to their potential, especially when you're on the road facing a vicious 12th man of a backdrop."
When the "Mad Money" host refers to a backdrop, let's take the Chinese market as an example. It had a huge run recently and was hammered on Monday night, down 5 percent. That's pretty jarring. Not as scary as the 12 percent decline in Greece—the worst in 27 years.
Ultimately, it was the individual stocks that rattled Cramer. Investors are used to Verizon delivering, so what the heck happened? It sunk 4 percent on Tuesday when it finally acknowledged the price war between T-Mobile and Sprint, and was downgraded by Baird due to competitive pressures mounting.
Or how about the banks? These have been on fire recently. The kind of stock you want to buy when interest rates go up, because that means the banks will be making a ton of dough.
"The key to this kind of thinking is that the companies themselves say nothing; they don't tell you what plays they're going to run because these are big-think theories, Xs and Os on the board," Cramer said.
Yet, many banks indicated on Tuesday that things aren't looking so hot in the fourth quarter. Both Bank of America and Citigroup indicated that they are not doing well in the short-term, and numbers will have to be cut.
Then there was Cramer's favorite airline, Spirit Airlines. What happened, Spirit? On Monday night it reported a 15.7 percent increase in traffic for November. Then Raymond James downgraded the stock on Tuesday morning, and it crashed 12 percent in one day. Cramer knows that when one airline does badly, the whole group goes down with it.
"Now, I don't expect much of a decline for the broader averages here and I like the fact that the beaten down tech portion of the market has been turning delightfully, like some sort of regrouping and adjusting that comes after the half," Cramer explained.
Read more from Mad Money with Jim Cramer
Cramer Remix: 3 long-term winners
Enbridge CEO to Cramer: We're confident in oil
Cramer's bright side to the selloff
Cramer thinks that at the end of the day, the bearish loom that overtook the market made sense. Though, he will still be running with the hometown bull favorites until the end of the year.
"That's what happens when too many bull players fumble and the other team takes the honors."