"At the end of the day, how companies are doing matters more than the foolishness in Washington," Cramer said Monday. "Which is why the market didn't get annihilated today like many lawmakers predicted."
As the ongoing debt ceiling debates raised concerns of a possible U.S. ratings downgrade, investors may be tempted to sell the stock market. Instead of blindly selling stocks, though, Cramer recommends buying high-quality stocks that are being unjustly knocked down by those selling out of panic and fear. Not to say he likes the market, but Cramer does think there are buying opportunities in Apple , Google and Intel in particular.
"Stay the course. Own some gold. Own some cash. Do not trade it," Cramer said. "That's pretty much all there is to it."