Cramer Remix: What's behind today's huge sell-off

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Thank you so much!Monday's market sell-off was inspired by the escalating trade war with China coupled with Friday's Uber IPO fiasco, CNBC's Jim Cramer said. "Whenever there's a huge, highly visible initial public offering that implodes, it discredits the entire asset class," the "Mad Money" host said. "That's exactly what happened after the failed Facebook IPO in 2012. It's happening again right now."The ride-hailing app, which closed Monday nearly $8 off its $45 debut, is largely to blame for the disappointing debut, Cramer said. The technology platform had terrible timing entering public markets, he said. "You're supposed to come public when your business is red hot. But Uber waited too long," he said. "The ride-sharing company's growth has been slowing for a while now, and they just had another decelerating quarter."The stock will continue to be under pressure until management can get the company on the road to profitability, Cramer said. Uber's share price was unable to get a good pop once it began trading Friday because it there was not enough demand on the market for the equity, he added.IPOs are usually tailored toward big institutions where money managers buy most of the shares in the actual deal. That's followed by individual investors, who bid up the sock in the aftermarket, Cramer said. "However, at $45, most professionals weren't interested because they knew Uber was slowing," he said. Furthermore, it did not help that the company went public "just as Trump started his tariff increases and that spread panic among potential buyers."That wouldn't have mattered if the IPO had been priced correctly, Cramer said.Get more insight here