Cramer Says the Market Is Treacherous Right Now and We Need Some Stabilization in Tech

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Cramer Says the Market Is Treacherous Right Now and We Need Some Stabilization in Tech
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However, the carnage in tech is not being reflected as much in the Dow because of the recent strength in banks, CNBC’s Jim Cramer said Monday.

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The S&P 500 and Nasdaq on Monday extended their losing streaks to five straight sessions, dropping as much as roughly 2% and more than 2.5%, respectively. The Nasdaq lost 4.5% last week. The S&P 500 lost almost 2% last week. As Cramer pointed out, the Dow has recently fared better, losing just 0.3% last week. However, the blue-chip average fell more than 500 points, or almost 1.5%, at one stage on Monday, weighed down by losses in

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