Jim Cramer had a hunch that there must be other reasons why the market keeps going down, besides the recent drama of the Fed.
"I see three real worries that have people buzzing, and I want to point them out, not to scare you, but to help explain how foreign markets are connected with ours," the "Mad Money" host said.
The first worry concerns Volkswagen, one of the largest makers of automobiles in the world. The campaign of fraud that this gigantic company has committed is far worse than anything Cramer can recall from any global company. The U.S. Justice Department could regard the rigging of emissions tests as criminal conspiracy, and it's now bent on going after the individuals involved.
And while there are now policies in the U.S. that were put in place after the wipeout of Arthur Anderson, the accounting firm destroyed after Enron, to not crush entire companies because of the behavior of a few individuals, the Justice Department could do some real damage to Volkswagen.
Cramer thinks that every other regulator in various countries around the world will also pounce all over Volkswagen. So, the possibility of the company going downhill is one that cannot be ruled out.
"A gigantic company that is going to be slaughtered worldwide certainly pops as a sticking point in your stock craw," Cramer said. (Tweet this)