Jim Cramer: Is the Market Plummet Justified?

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What's driving this market decline and is it justified?

He wrote about what was driving the selloff in his Real Money early Monday morning.

Here's what Cramer is thinking about the sell-off:

I have fought the rally from the dip before the Super Bowl the whole way, selling stock up on every percent for the trust. We have much too much money to know what to do with... until today that is. And yet, I am still tempted to sell. Let me give you my logic.

No one in their right mind wants to come on TV and even talk about financial losses in the face of such loss of life. At the same time, if you try to present yourself as someone who believes that this is just a version of the regular flu and you should buy stocks, you could be pilloried beyond belief, if or when this thing spreads around Europe. I mean, really, why in heck should this stop around Milan, which happens to be one of the better run parts of Italy?

With the Dow plummeting 1,000 points at its low, how should investors be approaching this market? Catch Cramer's full take in the video above. 

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