CNBC's Jim Cramer mentioned Friday the coronavirus-slammed inventory market is due for bounce as a result of there was a lot promoting in current weeks.

"I believe there is a technical rebound coming," Cramer mentioned on "Squawk Field." "I do not understand how lengthy it would final as a result of I believe individuals are very apprehensive."

Cramer mentioned afterward "Squawk on the Avenue" that the inventory market is "probably the most oversold we have ever been."

Because the "Mad Cash" host was talking, Dow futures had been pointing to a couple of 200-point achieve at Friday's open.

Shortly after Wall Avenue buying and selling started, the Dow Jones Industrial Common rose about 300 factors or 1.5%, earlier than going forwards and backwards between early losses and positive factors. At noon, the Dow and Nasdaq had been up lower than 1% and the S&P 500 was down barely.

If positive factors had been to carry by the shut, the Dow would log its first back-to-back advances since Feb. 5-6, one week earlier than its Feb. 12 document excessive.

Thursday's volatility noticed the Dow off 720 factors, or 3%, earlier than closing almost 200 factors, or...