Do you know what a bear market is?

If you don't, don't fret. 

Jim Cramer breaks down the definition of a bear market and what it means for the current market situation.

In his Daily Rundown on Action Alerts Plus, Cramer went more in-depth about the psychology of a bear market and what trends investors should keep an eye on. Members of the Club can watch the full video on the Action Alerts Plus site.

Cramer also listed out the sector he's watching and safe stocks for investors.

Cramer also wrote a piece on Real Money discussing bear markets and his thoughts about the sell-offs.

"That Walmart ( (WMT - Get Report) ) or Home Depot ( (HD - Get Report) ) or even Macy's ( (M - Get Report) ) gets sold off means that people regard their quarters as the last good ones. They use the so-called late cycle rap as the dynamic that controls their thinking," Cramer wrote. 

You can read the full piece here