After a down day for the market, Cramer tells investors to have patience

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After a down day for the market, CNBC’s Jim Cramer told investors to have patience.

a business service software company that now trades at over $486. During 2010's flash crash, the stock's price drifted in the 30s and 40s, according to FactSet. In the years since then, the stock has traded up and down before reaching the highs its been hitting the past few years.

Cramer stressed that sometimes good companies have hiccups, and that investors should try to ride out downtrends if they believe their companies will succeed. He added that investors would be wise to buy good companies into the dip instead of selling them. "I don't want you sacrificing huge potential gains like Intuit on the altar of perceived safety," he said."Because when you look back, trying to sidestep these relatively small declines tends to give you worse returns than simply staying the course and riding out that rainstorm."

 

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