Jim Cramer Says Mis-Selling Creates Opportunities to Buy Dip: Bears 'Still Don't Know What Hit Them'

Prominent market commentator Jim Cramer urged investors not to be swayed by bear markets and to use their missteps to bolster their own portfolios. "Their mis-selling creates opportunities for you to buy the dips. You have to believe that the sales people are wrong and you're right. You have to believe in your point of view, not the one the tape gives you - that the bears give you,” Cramer said according to a CNBC report. Wall Street's major indexes closed in the green on Wednesday after the Federal Reserve cut the pace of its rate hike to 25 basis points from expected lines as Chairman Jerome Powell acknowledged inflation had started to rise. to lower. The SPDR S&P 500 ETF Trust SPY closed up 1.06% on Wednesday while the Invesco QQQ Trust Series 1 QQQ gained 2.14%. was an aggressive rate hike, a bearish approach to trading no longer works. "It doesn't make sense once the Fed says the rate hikes are working and we're pretty far into the tightening cycle, even though they're still seeing some wage inflation," he said. declared. Cramer also said the market is currently in bullish mode and bears really took a hit on Wednesday. "Those who keep fighting the bull, like they did today, think they're in a bear market, and they get trampled. Today was a real trampling, and the bears - they still don't know what hit them,” he said, according to the Debt Crisis – and any deviation “would be very risky”

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