Buying any bounce after market plunge is a ‘sucker’s game’

CNBC’s Jim Cramer said Tuesday he does not recommend investors rush back into the market as concerns about the coronavirus persist.

“No reason to buy anything if it’s up because that’s just a sucker’s game,” Cramer said on “Squawk on the Street” as Dow futures were pointing to bounce.

Cramer’s comments come after the Dow Jones Industrial Average plunged more than 1,000 points, or 3.5%, on Monday, its biggest daily decline in two years. The S&P 500 sank almost 3.4% while the Nasdaq plummeted 3.7%.

The Dow, S&P 500 and Nasdaq did open higher Tuesday before going back into the red.

The “Mad Money” host has, for weeks, been urging investors to exercise caution around the coronavirus, cases of…