'Mad Money's' Cramer Blames Monday's Stock Market Slide on Europe

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Mad Money's Cramer Blames Monday's Stock Market Slide on EuropeJim Cramer, host of CNBC's Mad Money, appeared on Today to discuss Monday's stock market slide with Matt Lauer. Asked what Wall Street was really reacting to, Cramer rejected the notion that the supercommittee's failure was a major factor, telling Lauer, "It's all Europe." Watch Cramer talk about why the supercommittee is just a whipping boy for Wall Street's troubles, how much larger Europe's problems are than what this country faced in 2008, and what advice he'd give to investors worried about trans-Atlantic contagion:

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Markets

S&P 500 2,384.20 -4.57 -0.19%
DJIA 20,940.51 -40.82 -0.19%
NASDAQ 6,047.61 -1.33 -0.02%
DAX 12,438.01 -5.78 -0.05%
NIKKEI 225 19,310.52 113.78 0.59%
HANG SENG 24,615.13 -83.35 -0.34%
USD (per EUR) 1.09 0.00 -0.16%
USD (per CHF) 1.00 0.00 0.18%
JPY (per USD) 111.84 0.54 0.49%
GBP (per USD) 1.29 0.00 -0.10%

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