
Major market swings are all linked to this
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While Jim Cramer was celebrating a decade of "Mad Money" on Thursday, he could not forget the central mission of the show. He knows that it is still his responsibility to explain
to investors what happened in the stock market so they can produce a profit. Cramer can clearly see that the rally of the dollar has gripped the worldwide economy and wreaked havoc overseas.
He is especially worried about Latin America, in particular the Brazilian company Petrobras, which at one time had a $350 billion market capitalization. Today, it is only worth $34 billion.
"I mention this seemingly far away situation because it's my job not just to bring you ideas, but to put them in context, explain them thematically, tell you if they can hurt your
pocketbook or your portfolio," said the "Mad Money" host. Cramer saw that almost every large move in the market on Thursday was connected to currency. Almost all of the
global stress was connected to the fact that after a long freefall, the euro finally gained a bit of strength against the dollar. That sent buyers flooding back into the U.S. stock market.
Christophe Launay | Aurora | Getty Images And believe it or not, crappy retail sales in February also sent the stock market higher. Yes, that's right, shaky rates helped the market! How
could that be? Fear that the Fed will raise interest rates has gripped the market, and perhaps the retail numbers could persuade the Fed to delay the hike. "If our retail sales are so
weak, then the Fed might not feel pressured to do anything, which means we could get through this period of rapid and worrisome moves without taking a big hit," Cramer said. Cramer
thinks that the market could have a 5 to 7 percent decline if the Fed does the wrong thing and raises rates at its meeting next week. Thursday's big currency moves were so powerful that
most investors even overlooked that one of the largest semiconductor companies in the world, Intel, made a weak pre-announcement. Yet, somehow, the market completely overlooked this
news—Cramer was shocked. ---------------------------------------------------------- READ MORE FROM MAD MONEY WITH JIM CRAMER Cramer Remix: I'm making a bold call on oil Cramer: Forget
oil—crash hasn't happened & won't Cramer: Stop worrying about stocks—Time to listen! ---------------------------------------------------------- "This was a day of good
sailing in a sea of worldwide uncertainty. Recognize the positives, but don't get complacent," Cramer said. And just like Cramer has done for the past 10 years, he will be there to
help investors figure out the next plan of action and navigate through the rough seas. Stay the course, and Cramer will be with you all the way. Questions for Cramer? Call Cramer:
1-800-743-CNBC Want to take a deep dive into Cramer's world? Hit him up! Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram - Vine Questions, comments, suggestions for the
"Mad Money" website? [email protected]