Jim Cramer took a look at the markets after the Dow dipped down 210 points in morning trading.

Cramer said that the market volatility should lead investors to be more careful with their investments.

During Monday's show, Cramer said that the market was gearing up for a bounce. 

"I think that one of the things that tends to happen is that people get bullish on events these days, they used to get bearish ahead of a big, bad event, now we get bullish," Cramer said. "I want people to be very, very careful."