CNBC's Jim Cramer on Monday reviewed what could have lead to last week's massive sell-off, telling investors the declines may have been facilitated by failed market strategies from larger institutions.
Japan's stock market also declined sharply, with the Nikkei seeing its worst day since the "Black Monday" crash of 1987.
To Cramer, last week's declines might have been caused by money managers from a variety of firms who used Japan's low interest rates to borrow money an invest in other global assets.
"We've had so many sell-offs based on mistaken strategies by large institutions," Cramer said.
"Let's remember last Monday's selloff and consider that it might've been about nothing more than flailing money managers, which is often the case with these big market meltdowns."
Persons:
CNBC's Jim Cramer, Cramer, We've, selloff
Organizations:
Dow Jones, Nikkei, Bank of Japan