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.
"A gigantic company that is going to be slaughtered worldwide certainly pops as a sticking point in your stock craw," Cramer said. (Tweet this)
The second worry pertains to Glencore, a natural resource company based in Switzerland that has immense commodity exposure. The company raised money in the equity markets recently, but its stock has fallen to an all-time low as investors worry about its exposure to declining commodity prices.
Cramer doesn't know if investors are right to be concerned, but he certainly can't rule it out.
The third worry out there involves Petrobras, the huge Brazilian oil company that has issued an immense amount of bonds, most of which are in a pullback. It was once among the largest companies in the world, and now has fallen 44 percent this year, down to $4.
What really worries Cramer the most is Petrobras' $170 billion in debt. Given the steep decline in oil, how the heck will it make interest payments, given the way its debt is configured?
"This company has some amazing properties, but its balance sheet is way overlevered," Cramer said.
Cramer certainly does not like the setup of the market right now, and he's fixated on the fact that this week is historically one of the weakest of the year. But just because Cramer is negative about the market environment doesn't mean there aren't money-making opportunities available for investors.
"You think I don't want to be more bullish? But many sectors, like commodities, like industrials, like financials, like drugs, just trade horribly. I will not choose to be oblivious. My first goal is to do no harm, and I see many stocks in harm's way," the "Mad Money" host said.
Nevertheless, Cramer will not let the entire market get him down. There are some stocks that are going down and shouldn't be, and they could pose a major opportunity.
Sometimes Cramer has to go to great lengths to keep investors interested in the stock market, even in a brutal market like it was on Monday. So now that football season is in full swing, Cramer is drafting his fantasy stock portfolio.
Defense stocks may be one opportunity because of the sheer amount of conflict around the globe right now. Cramer sees that the U.S. has finally decided to stop acting like the globe's policeman, forcing other countries to arm and defend themselves.
After all, Cramer says that building a good fantasy football team is just like building a good stock portfolio, except the NFL is more mesmerizing than the S&P 500.
That is why this week Cramer drafted players for what may be the most important position in football, the running back. This position is one of the core producers for a fantasy football team, as owners depend on them to get a large portion of their team's points each week.
"In fantasy football a lot of people like to have a tandem of multiple styles of running backs for their team. Ideally, you want both a downhill running who is a real bruiser, along with a shiftier player who uses finesse to get results," Cramer said.
With this in mind, Cramer selected a downhill runner like Matt Forte of the Chicago Bears for knowing his core competencies and executing time and time again. Likewise, that is Honeywell for Cramer, because it is all about inventing new technologies and has a high level of consistency.
Kamich has found a stock that has been on fire and could keep skyrocketing. Chances are, investors may have not heard of this stock before.
Tyler Technologies is the country's largest provider of integrated software and information technology systems used exclusively by the public sector. It helps cities, states, counties, school districts and other local government entities run more efficiently.
Last week, Kamich took a look at the weekly chart of Tyler and was stunned at what he saw.
"It's the kind of chart that jumps out at you and screams 'buy me,'" Cramer said.
In an ugly market like this one, Cramer wants to make sure that investors have their shopping list handy of stocks to buy into weakness. And while the banks are out of favor right now, Cramer thinks there is one bank that is absolutely worth buying into weakness.
Cramer considers Wells Fargo to be the best-run bank in the U.S. and owns it in his charitable trust. Last week, he had the chance to speak with the chairman and CEO, John Stumpf, who discussed the personal perspective and values that have brought him success.
"We grew up, as you suggested, very poor—a lot of children, small farm. We didn't have things, but we had values. At the time, I'll be honest; I wish I had more things. Now, when I look back the value of working together, telling the truth, personal responsibility, pulling your load and we were never allowed to whine. If things didn't work, you get up the next morning and work even harder," Stumpf said.
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
Corning: "I'm not really a fan. I think that it has just been a stock that has just doesn't have the kind of growth technology that I like. It's not expensive, but I see no catalyst, is the problem."
Statoil ASA: "5.9 percent yield but not a lot of growth, I prefer Occidental. My charitable trust owns it. OXY has a little bit lower yield and a little more growth."