This week, the Dow has lost nearly 1,900 points.
There are over 81,000 confirmed cases worldwide with over 2,700 deaths. Italy now has over 300 cases, with 11 deaths. To put that in context, Italy had around 15 confirmed cases on Friday, February 21.
"Right now there are three sets of storylines that are in play when only one of them is going to get you in and out of this market with your assets intact and your portfolio stronger," wrote Jim Cramer in his Real Money column on Wednesday morning.
"Which is why I believe that when the second shoe drops, you are going to get a better chance to buy than you will right now," he continued.
Cramer said that he's keeping an eye on the market rally on Wednesday and that he's watching interest rates as the market bounces back.
Watch the video above for more.
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