CNBC’s Jim CramerAccording to some tech stocks, the bottom could be reached on Thursday just one day following the NasdaqThe 3.3% drop in bond yields has been blamed for the slump Federal Reserve tightening concerns.

It “Mad Money”Host said that he is glad to see so much negative market activity because he picks stocks for his charity trust and there are many names available.

Even though Dow futures edged upwards, Nasdaq futures were lower on Thursday.

Wednesday’s Nasdaq slide was the largest one-day drop since February 2021. The Dow Jones Industrial Average and S&P 500 on Wednesday fell 1% and nearly 2%, respectively, after closing at record highs earlier this week.

Cramer expressed his delight at Thursday’s Nasdaq Premarket Drop because “eventually, sellers exhaust themselves.”

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