Tuesday may have been a "very sobering day" for Wall Street, Cramer said, but bull should take heart. It's all a part of the process.
Speaking during today's Stop Trading! segment, Cramer explained that the huge gains the market's seen recently just weren't sustainable. He's expecting the sell-off to continue another couple of days before it turns up again.
So how do investors play it? Cramer recommended buying Verizon Communications when its dividend yield reaches 5%, then buying more at 6%. That type of buy-and-hold strategy won't work for a Deere or Monsanto , though, Cramer pointed out.
This environment is "paradise" for short-term traders, he said.