As the averages plummeted yet again on Thursday, Jim Cramer heard a lot of theories floating around on what could explain the vicious decline.
Was it the Fed? Interest rates? Soft macro data? Miss Scarlet in the kitchen with a lead pipe?
"I think that this market is all about Eve. Yeah, the original Eve who was tricked by the serpent into eating the forbidden Apple from the tree and the whole investor class has now been paying a price," the "Mad Money" host said.
Investors were enticed to bite into the forbidden fruit and bought Apple stock ahead of earnings on Monday. As a result, Cramer now sees that the entire stock market is paying the price, and the pain will not end until Apple bottoms.
That means when Apple bottoms, we bottom.
Why is Apple so important?
Going back to basics, investors buy stocks because they want them to report good numbers on both the top and bottom line. When the numbers are better than expected, that will trigger analysts to guide estimates higher for the stock.
And if the company throws in a juicy dividend on top of fabulous numbers, that's even better! Not to mention if it sells at a dramatic discount to the average stock in the S&P 500.
So what the heck happened to Apple? It did all of these things, yet the stock has dropped almost 4 percent in a straight line.