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Cramer says investors should ‘be prepared for more pain’ and ‘be able to buy that pain’

Wall Street hasn’t “seen the last of these brutal sell-offs, so get used to them, and next time remember there’s almost always a bounce after the worst of the carnage because [Trump] wants one,” CNBC’s Jim Cramer says.

“This is going to be a long slog. You need to be prepared for more pain, and you need to be able to buy that pain,” the “Mad Money” host says.

“I think you need to view these on-again off-again negotiations as a way of giving U.S. companies more time to pull up stakes and leave,” he says.

Investors must remember when President Donald Trump does something to make the stock market go down, in short time he’ll say something to help stocks go back up, CNBC’s Jim Cramer said Monday.

Wall Street is the “equivalent of his Nielsen ratings,” the “Mad Money” host said, which is why it’s a mistake to dump an entire portfolio on a tweet-induced sell-off by Trump, such as in last Friday’s 623-point drop on the Dow Jones Industrial Average.

https://www.cnbc.com/video/2019/08/26/investors-should-be-prepared-for-more-pain-and-buy-it.html