Hey, I'm Kramer.

Welcome to Mad Money. Hey, I'm Kramer.

Welcome to Mad Money. Welcome to Kramer.

I'll be willing to make friends. I'm just trying to make a little money.

My job is not just entertaining, but to teach.

And I'm telling you, I'm going to do a lot of teaching tonight.

So call me at 1-800-743-CBC or tweet me at Jim Kramer.

Tough days do not last forever. But when they come along, you need to know how to respond.

You need a game plan ready so you can figure out what kind of sell-up we're dealing with

and then react appropriately. Because the early days of the decline are never easy to navigate.

You need all the help you can get. To borrow a line from

Tolstoy's fantastic Anna-Kerenna, all happy rallies are alike. Each sell-off is unhappy in its own

way. It's true. Bull market and stocks higher and everyone thinks they're genius participating

because it seems so darn easy. Same every time.

But big declines, much harder. They could be the start of a bare market, or maybe something

worse. Or they might actually be just a buyable glitch. That's why tonight we're turning to

history to illustrate some of the common qualities of sell-offs. So you know what to do the next time the market has an inevitable moment of weakness.

Now, really, there only been two truly horrifying sell-offs since I started investing over

four decades ago, the one-day crash of 1987 and the rolling crash in 2007 and 2009.

That was the financial crisis.

Do you know what, even the COVID crash when the SB 500 lost that SBF00 lost 35% of his value in just over a month?

That wasn't nearly as bad as these two, especially when you remember that the market started

...