Cramer on Lund Stock Stock: classic behavior of the bear market

CNBC's Jim Cramer said on Monday that the market was displaying "classic bear market behavior," with US equity futures announcing an increase of more than 200 points for the Dow Jones Industrial Average after the fall of last week.

Talk about the classic behavior of the bear market. We will crave the whole week and then we open up a lot on nothing, but because we are too sold, it's hard to let things go

Explaining his tweet further, Cramer said in CNBC's "Squawk Box", "This is a bear market rally.You fall very hard last week.And then you enter Monday and it's a lot in people come in. lose money. "

Shortly after opening Monday on Wall Street, the Dow bounced back about 300 points higher, pushing aside the average blue chips further away from the correction territory. The recovery also lifted the S & P 500 from a correction, defined as a 10% or more downtrend from the recent highs. A bear market is down 20% or more from recent highs.

Cramer has repeatedly criticized the Federal Reserve, presided over by Jerome Powell, for frightening the markets, saying central banks must recognize that the economy is slowing down and that they can not move rates. on a preconceived notion of so-called neutral.

Cramer warned last week that investors should sell their shares if they expect the Fed to raise interest rates next month.

Wall Street is waiting to move in December, just like Cramer. The Fed has already raised its rates three times this year.

– Matthew J. Belvedere of CNBC contributed to this report.