This market has now become so crazy, that Jim Cramer can now equally divide each day into three distinct trading sessions. At this point, every session isn't just one session. It's three!
"Every day feels like not one session, but three sessions and that's adding to the pervasive sense of confusion," the "Mad Money" host said.
The first session occurs at the opening bell, and is driven from the data and stock market action in China and Europe. The futures now completely control the morning session, and Cramer has seen the same pattern over and over again.
Bad news will come out of China, and then the Chinese stock market will tank, and then its stocks will be either halted or propped up by the Chinese government to try and assure investors that there is more order to the chaos.
And of course when the Chinese market is down, Europe will also trade down. The two continents are somewhat linked, because 25 percent of China's exports go to Europe. And while the U.S. and China don't do a lot of business, Cramer has seen that the U.S. market goes down harder than Europe because of investor's newfound negative bias.