CNBC's Jim Cramer told investors on Monday that they shouldn't let short-term rallies trick them into making optimistic trading decisions.
A rally that cannot and will not stand is based on the fact that everything is going wrong. The host said that it has no staying power unless something goes right.
The turbulent market environment is what the market has in it.
Cramer's comments come after the market inched up on Monday. The S&P dropped while the Nasdaq dropped.
There are a number of economic factors roiling the market, including soaring inflation, concerns about the Federal Reserve's interest rate hikes, and fears of a recession. Cramer pointed to the hostile takeover bid of Spirit Airlines and the downturn in the cripto market as examples of what could happen.
The market goes down because of all those negatives. Cramer said that the hope gets the hope machine going again when the averages start going higher.
He warned that false hope will make the market downturn worse.
This kind of wrong-headed thinking has characterized the whole move down.