Jim Cramer is good at informing retail investors that losses are an inevitable part of trading, and how sell off isn't unexpected after weeks of record highs. Jim Cramer once stated "Stocks have made so many parabolic moves of late that I'm actually glad they're coming down, Stocks can't forever go up in a straight line." To Cramer, the market is prone to pullbacks, "often indiscriminate pullbacks," after consecutive up days. He compared the market to a garden, saying that while sun is necessary for growth, rain is equally important. Sell-offs are like rain, he added, "both a necessity and an inevitability." Cramer also reminded investors that the market was able to roar in the 1990s while treasury yields were higher than they are now.
Cramer asserted that there's nothing wrong with the stock, it's just taking a "periodic break" as it has done in the past. According to him, Wednesday's market action has created some solid buying opportunities.
"Nobody knows how long the sale will last, so don't miss it," Cramer said. "Things might be back to full price in a few days, maybe a week or even two."
Jermaine Filmore.
