In the 1980s, lots of companies decided to initiate buybacks to protect their stocks from this volatility, and the collars were put in to cool the market down. The collars, which became irrelevant as we got higher in points (as they were done by points and not by percentages) might help again. We need to be able to find sellers and buyers in time to meet the other sides of these trades, and we can't because no one can think fast enough or act fast enough. In the interim, what you need to do is protect yourself from hedge funds gone wild, and the only way I know to do that is with dividends. Then, at least, there is some fundamental grounding. We will hit bottom here when so many stocks yield such high amounts that we are at last at a level where when the stocks are forced down they simply aren't worth selling. But make no mistake about it, if you want to see the volatility end and the situation get better, you need to see all of the Citadels blown up or bailed out, and believe me -- as bailout-happy as we have become, Ken Griffin's going to have to come back on his own. At the time of publication, Cramer had no positions in the stocks mentioned.