Jim Cramer says Tuesday's sell-off was based on ‘bad judgment'

According to a financial expert, Tuesday’s market sell-off was due to poor judgment by shareholders. The expert believes that the sell-off is not a result of bad earnings or a challenging business environment, but rather a consequence of investors making uninformed decisions. The Dow Jones Industrial Average experienced its worst session in percentage terms since March 2023, while the S&P 500 and Nasdaq Composite also declined. The expert points out that the overheated consumer price index led to irrational decision-making by investors who were expecting interest rate cuts. Additionally, the expert highlights the excessive buying of tech companies with unclear business plans as contributing to the market froth. The article suggests that the market correction will result in those lacking knowledge about the economy or their stocks being removed from the market.