Jim Cramer's 'Mad Money' Recap: 10 Reasons the Market Is Falling


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NEW YORK (TheStreet) -- The markets are heading straight down, Jim Cramer said on "Mad Money" Monday after a hideous day on Wall Street. Cramer said it doesn't matter whether the companies themselves are doing good or bad, the markets are sending everything lower.

Why the sudden decline? Cramer offered up 10 reasons the markets are skittish:

1. Weak employment. Cramer said the markets are fretting Friday's labor numbers. Two bad reports in a row and it's game over.

2. Recession stocks. Cramer said the safety stocks that many investors turn to are losing ground, leaving them no place to hide.

3. Cult stocks. Even the "cult" stocks with sky-high valuations are feeling the heat.

4. Retail. Where have all the shoppers gone? First we thought it was a shift from soft goods to hard goods, then hard goods to online. Now we have no idea where they are.

5. Aerospace. Investors are abandoning the aerospace stocks, even though there's little to no evidence of a slowdown.

6. Our government. It's clear the shutdown cost Americans big time, and with continued worries over Obamacare, food stamps, unemployment and the debt ceiling, Cramer said, it's clear our government remains totally out of touch.

7. New Fed chief. Cramer said the markets need a steady Federal Reserve, but with a brand new chair that is proving difficult.

8. Emerging markets. The slowdown in the emerging markets is proving severe and the turmoil is being felt around the globe.

9. Commodities. Commodities are collapsing as the markets fear a sudden halt in China.

10. Earnings are meaningless. Investors are totally ignoring even the best earnings and sending stocks lower regardless.

What should investors be buying then in such a difficult market? Cramer said he's still gravitating to the high-yielding stocks that offer at least a little protection against the continued selling.

Off the Charts

In the "Off The Charts" segment, Cramer went head to head with colleague Tim Collins over the chart of Boeing , which reported a strong quarter but its cautious guidance sent shares down 15% from their highs just two weeks ago.