So, on Monday, the "Mad Money" host pitched an idea to Wall Street's doomsayers.
"I would create a gloom index. It's a group of stocks that exemplifies this overwhelming pessimism," he said. "Yep, we need an ETF — obviously, it should trade under the symbol GLUM."
"The bears can sell it whenever they're feeling down and out," he continued. "Those of us with a little more composure might actually consider buying it or shorting the GLUM index."
Here are the central figures in Cramer's fictional fund: