A Key Moment of Calm

Stability. Go figure. It matters. This market needs some days where there is liquidity, where the ETFs are not banging down the oils or crushing the financials. We need to think. We need to be able to figure out what can be bought without being wrong immediately.

I have seen whole stocks destroyed without any real selling and with no buybacks in place because they just reported. That can change, particularly for the industrial stocks like Honeywell (HON - commentary - Cramer's Take) and United Technologies (UTX - commentary - Cramer's Take) that said they believe in what they do.

I believe that we are at a key moment -- we either get calmer or we get even more out of control -- and the former matters for the big institutions that can have felt so whipsawed by the ETFs and the endless bang-downs. Buybacks can stabilize, but they can't meet the massive shorting that is allowed without upticks from either ETFs or actual stocks.

Important time for calm. I hope it stays.

At the time of publication, Cramer had no positions in stocks mentioned.

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