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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
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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."