Jim Cramer told Mad Money viewers Monday that yesterday's selloff was a case of "too much speculation, too little stability and a raging COVID variant," Scott Rutt wrote in his Mad Money Recap.
But did Monday's plunge mark an end of the euphoria or is more selling heading Wall Street's way?
On Real Money Monday, Cramer wrote that the market won't find a bottom until speculators are completely blown out. "Once the speculators are blown out and the stocks that are down huge start rallying along with those that that have already started, then we can find a trade-able bottom. We are close, but the speculators endure. These tortured souls can leave gracefully now, or get margined out when things really turn against them," Cramer wrote.
With speculation rampant in the markets, Jim Cramer explains what the airlines and cruise lines are telling him Tuesday in the video above.
Recap TheStreet Live: Everything Jim Cramer Is Watching 7/20/21