CNBC's Jim Cramer told investors that losses are an inevitable part of trading, saying that Wednesday's sell off isn't unexpected after weeks of record highs.
"Stocks have made so many parabolic moves of late that I'm actually glad they're coming down," he said."Stocks can't forever go up in a straight line."Dow Jones Industrial AverageTo 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.
"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."personal finance 36-year-old's Etsy side hustle brings in up to $54,000 a month, takes 10 hours a week — it paid off her student loan debtPresident Joe Biden has forgiven student debt for over 1 million public service workers—see how many in each state
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