Cramer: Markets have ‘mood disorder’

Cramer: Market in weird place
Cramer: Market in weird place

U.S. markets are in a "weird place" right now, CNBC's Jim Cramer said Wednesday.

"Let's just adjust to the fact that the market has a mood disorder," Cramer said on "Squawk on the Street."

"Twenty-four hours ago we were looking at a market that was up 1 percent," he added. "I think the market is in a weird place, not a bad place, where intraday you can fall 400 points on nothing."

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Cramer added he does not think U.S. markets will not crash despite the negative data released across the board Wednesday. "There is no systemic failure risk in this country," he said.

Cramer spoke after yields on U.S. 30-year Treasurys dropped to a record low and dipped below October lows for U.S. 10-year Treasurys. U.S. market futures were also hit hard by disappointing December retail sales numbers and by copper taking a beating.

"China has 40 percent of copper's world demand, and increased [copper imports] by 11 percent six months ago," Cramer said. "Now they're flat on copper."

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