Jim Cramer has some thoughts on the markets.
"Scarcity. That may be the most important word right now in describing what's working in the stock market and what's dragging us down. We just don't think about it enough because it takes a strategist who knows individual stocks and sectors, as well as top-down analysis, and there aren't many of them around," wrote Cramer.
"I like to find the commonality between what's going higher and what's going lower and contrast that with the conventional wisdom because the latter is so often wrong," he continued.
Recap TheStreet Live: Everything Jim Cramer Is Watching Monday