Jim Cramer's Thoughts on the Dow Sinking

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Stocks extended declines Friday amid the worst week for world stocks since the 2008 financial crisis as investors prepared for what could be a global coronavirus pandemic.

The Dow Jones Industrial Average slumped 568 points, or 2.21%, to 25,198, the S&P 500 was down 1.77% and the Nasdaq fell 0.88%.

Stocks in Asia closed lower and European stocks fell 3.8% on the day and 12.7% for the week following a drop of nearly 1,200 points for the Dow in Thursday's session, the second time this week the blue-chip index has slumped more than 1,000 points.

Jim Cramer weighed in on the market down on the floor of the New York Stock Exchange when the Dow was down over 1,000 points in intraday trading.

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