Cramer's 'Mad Money' Recap: March 30

Click here for an archive of Jim Cramer's Mad Money recaps.

Jim Cramer told the viewers of his "Mad Money" TV show Monday that he's struggling to figure out exactly what changed over the weekend to cause today's big market selloff.

He said while there was some bad news today, the risk model still points to a bull market.

Cramer said none of today's bad news should've shocked investors. It should've come as no surprise that banks still need more money, or that General Motors ( GM) CEO Rick Wagoner isn't the right man for the job, or that oil is pulling back from its recent highs, he said.

And while there was indeed some bad news in the insurance sector, with Lincoln National ( LNC) sending the whole group lower, Cramer said there's nothing in the insurance patch that a statement from the Fed assuring people that their policies are safe.

Cramer said the markets are likely to pull back another 3% to 5% before the buyers return. But even if they pulled back 10%, he said, it would still be a great time to buy.

Cramer said it's still too dicey for big money managers to keep their money on the sidelines, and quite frankly, things just aren't as bad as they were the last time the markets were at these levels. He told investors to keep their money ready, and to buy on any weakness.

"If we don't move our money from the sidelines," he said, "we risk getting run over by the bulls."

If you liked this article you might like

There Is a Silver Lining for Pan American Silver

Shares of Agnico Eagle Mines Are Set to Shine

Agnico Eagle Mines Has Turned Up; Time to Go Long Again

Why I'm Still Digging Gold for Protection

These 5 Stocks Are Ready to Break Out