Business

Ignore the “suffering” and remember that the market will eventually bounce back, says Jim Cramer.

CNBC’s Jim Cramer on Thursday reminded investors to stay the course in the market as the pain will eventually fade.

“The point is, if you own shares right now, chances are good that you will lose money. So why not just get out and come back at a better time?… Because losing money in markets like this is actually part of the process,” he said.

The Mad Money host, who said on Wednesday that the Federal Reserve was winning the fight against inflation, reaffirmed his position that inflation has peaked or is close to it.

To illustrate his point, he examined three diagrams:

“We were hoping to get [peak] Producer price index numbers, then we hoped to peak in oil, we hoped to peak in food. Looking at these charts. … They are all at their peak,” he said.

However, targets for where the numbers should be have shifted in recent months as fears of a looming recession grow, Cramer said.

“Six months ago, these peaks would have been ridiculously bullish, but now they are just pictograms of a weakening economy,” he said.

However, he reminded investors that the market will eventually recover.

“I’m sure we’re not done with this misfortune yet. But I’m also sure that one day the goalposts will be at the end of the field and everything will be fine. I just don’t know when.” he said.


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