After the best month for the Dow Jones Industrial Average since 1987, stocks closed lower with the Dow down 0.89%, the Nasdaq down 0.06% and the S&P down 0.45%.
Jim Cramer, however, is looking to do some buying.
"This market is delicious," Cramer said, adding, "There is great opportunity if goes down a little further after a big month."
November was a historically strong month, with the Dow crossing the 30,000 point benchmark.
The U.S. is in the middle of another wave of coronavirus cases, with 13.3 million cases total and nearly 267,000 Americans have been killed by the virus.
The country reported 155,596 new cases and 1,189 new deaths on Saturday, and Dr. Anthony Fauci, the nation’s top infectious disease expert, warned Americans to brace for even more new infections.
"What we expect, unfortunately, as we go for the next couple of weeks into December, is that we might see a surge superimposed upon that surge that we're already in," said Fauci in an interview with NBC News' "Meet the Press."
The ominous news is paired with optimism Monday as Wall Street reacted to news that Moderna is applying for emergency use authorization from the FDA. Cramer said as of late, he is much more confident in a successful vaccine rollout under the military. "December is going to be a much more successful month than people realize," Cramer said.
And it's Cyber Monday, which means that we could see sales skyrocket as Americans turn to their computers to shop for the holidays.
Cyber Monday is expected to be the largest digital sales day ever in the U.S., according to Adobe, with sales estimated at between $10.8 billion and $12.7 billion.
"U.S. consumers spent $6.3 million per minute shopping online on Black Friday," Adobe said in a statement. That amounts to around $27.50 on average per person.
Cramer said Walmart (WMT) - Get Report is the name to play off of Cyber Monday sales, even over Amazon (AMZN) - Get Report. "I'm thinking about lockdown, lockdown, lockdown and when you think about lockdown, you think Walmart," Cramer said.
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Daniel Kuhn contributed reporting to this article.