Should the Federal Reserve decide next week to begin dialing back its asset purchase program, Jim Cramer thinks there's a chance panicked investors will sell, sending the stock market lower and offering investors to buy stocks at a discount.
"I think when we hear that any tapering will occur, there will be some jokers out there who bail out of stocks," Cramer said. "When that happens, you need to be ready to buy some of the many stocks I've liked on this show because, other than the homebuilders and some of the housing supply companies, I don't think there will be that much earnings per share impact and that's all we really should care about."
The central bank currently purchases $85 billion a month in Treasury and mortgage bonds in its effort to stimulate the economy. The Fed will meet to discuss its monetary policy on Tuesday and Wednesday, and then announce its decision to make any changes on Wednesday afternoon. Cramer recommends investors have their "shopping list" ready by then.
What follows is a day-by-day look at the rest of his "game plan" for the days to come.