While Cramer acknowledged Powell sounded more hawkish at times Wednesday, he contended that traders who sold stocks during his afternoon press conference weren't necessarily right to do so.
"If your company can still make things and sell them at a profit in a rising interest rate environment ... don't let these high-speed sell programs scare you away from value," Cramer said. The former hedge fund manager said even though the Fed is unwinding its highly accommodative policy,"that doesn't mean everything's bad."
"It merely means there are fewer ideas that are good. They still exist, though, you just have to know where to find them," Cramer said.Disclaimer
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