Jim Cramer Highlights Reasons Behind Thursday’s Market Fall: ‘We Had The Worst Of 3 Worlds’

U.S. markets witnessed another sell-off on Thursday, dampening hopes of a "Santa Claus" rally following the temporary rebound. Prominentmarket commentatorJim Cramerhighlighted three reasons behind the market fall on Thursday.

If the economy were running colder, if the stock market was lower, and if interest rates were higher before sliding, things would be different, Cramer saidaccordingto a CNBC report.

Today we didnt see that, though. We had the worst of three worlds, he said. While we could still get that seasonal bounce, obviously the markets gotten tougher to game."

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Major Wall Street indices closed over 1% lower on Thursday. TheSPDR S&P 500 ETF TrustSPY closed 1.43% lower while theVanguard Total Bond Market Index Fund ETFBND closed flat. Meanwhile, here are the factors that likely hurt the markets on Thursday:

1.Economic data:Initial weekly jobless claims for the week ending Dec. 17 rose by 2,000 to 216,000, the report said citing theLabor Department. The reading is lower than the Dow Jones consensus estimate of 220,000, it said.

2.Weak Corporate Results: CarMax, IncKMX said its fiscal third-quarter revenue fell 23.7% year-over-year to $6.5 billion,which missed average analyst estimates of $7.42 billion.Micron Technology IncMU reported first-quarter revenue of $4.08 billion,which missed average analyst estimates of $4.12 billion.

3.Expert Comments:David Tepper, founder and president of Appaloosa Management does not expect the Federal Reserve to veer from its course of action anytime soon. Tepper saidhe is leaning short on the equity markets.

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