At this point, it is clear to Jim Cramer that the stock market is inevitably going down. That's just the way it is. But that doesn't mean investors have to sit back and do nothing about it.
"I do find it helpful to figure out what would reverse that ineluctable sense of retreat so if I spotted it…I would know that the overwhelming propensity for a declining session isn't as written in stone as we thought," the "Mad Money" host said.
So, what are the topics on Cramer's radar that could signal a market reversal if they changed? He went down the list.
First, the Fed needs to declare 2015 a rate-hike free zone. They need to do it now, Cramer says, because it has to recognize the strong-dollar perils that America and its trading partners would face if a rate hike happened soon. (Tweet This)
But what really bothers Cramer about the Fed is the dissonance of opinions he hears. Fed presidents and governors are all barking about what actions they should take.
"We need those people to shut up so the Fed can speak with one voice. News flash to the Fed: Your job is bigger and way more important than the NFL, so get some discipline and rein it in, for heaven's sake. Frankly, it's an embarrassment to the institution," Cramer said.