CNBC's Jim Cramer examined Thursday's action, saying that the market has not yet reached a bottom.
He implored investors to stop buying at the beginning of the session, warning that it's not necessarily the right move to buy on the dip here.
"I think there's a widespread belief that you can still buy the dip.
He also pointed to continued unpredictable patterns of market leaders like Apple , Tesla or Nvidia , saying investors shouldn't assume that they have bottomed.
The index fell for the fifth day in a row Thursday, marking its longest losing streak since October of last year.
Persons:
CNBC's Jim Cramer, Cramer, shouldn't, I've
Organizations:
Apple, Nvidia