Investors Brace for a Nasty Hangover from Monday's Market Action

CNBC's Jim Cramer warns that some investors are making irrational decisions and buying poorly-performing stocks, leading to a potential "nasty hangover" in the market. While Wall Street initially evaluated equities in a sensible manner, the market broadened out as the mini banking crisis receded, and investors became more speculative. Cramer highlights the example of Estee Lauder, whose stock rose despite business slowdown and competition. He predicts that investors may turn to other struggling stocks like Moderna and Pfizer next. Cramer advises caution and suggests having designated brokers to avoid regrets in the morning.