While markets await a Saudi update, investors are likely asking how the kingdom left itself so vulnerable, and what it means for the future.Energyread more
Of the recessions the U.S. has seen dating back to the early 1980s, none has come without an oil spike of at least 90%.Economyread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
Energy stocks, one of the worst-performing sector this year, spiked on Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
It's a major comeback for Netflix after the company lost the streaming rights to shows like "Friends" and "The Office."Technologyread more
Democrats running to challenge Trump next year raced to show solidarity with the auto workers striking as they negotiate with General Motors.Politicsread more
Stocks fell on Monday amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
A year after Nike's "Dream Crazy" campaign featuring former San Francisco 49ers quarterback Colin Kaepernick brought about heavy controversy, the company won the "outstanding...Mediaread more
New research by the Digital Citizens Alliance shows how easy it is to buy illegal steroids and other appearance- and performance-enhancing drugs.Cybersecurityread more
Energy giants Chevron and Exxon Mobil are the best performing Dow stocks a week after oil rises 5% or more in a single day.Investingread more
Will they or won't they? It seems all anyone on Wall Street can talk about is the Fed statement due Wednesday afternoon.
At the conclusion of the two-day meeting, a growing number of pros believe the central bank will announce its intention to taper bond purchases in the amount of $15 billion.
Considering the Fed's bond buying program has been nothing short of historic, Cramer understands the anxiety.
If the central bank announces finite plans to taper, some say markets could go into a tailspin. "Those skeptics are saying when the Fed's done, it's all over. The market will be like a car that's run out of gas," explained Cramer.
"I want to tell you how wrong that is."
Second Cramer said because it's getting late in the year and many stocks have generated significant gains, money managers will feel compelled to buy, if only to show clients they're holding winners.
Third, Cramer said that companies are acting more aggressively in their attempts to increase the value of their stocks; that's is they're introducing additional buybacks, dividend increases and more.
All told, Mad Money believes these catalysts are strong enough to justify the market at current levels if not a further advance. However, that's not to say the market won't sell off on news of tapering – Cramer thinks it probably will.
Here's how Cramer would navigate it all.
Read More from Mad Money with Jim Cramer
5 buys as pros puff up protfolios
Cramer: International Paper 'ludicrously' cheap
Cramer's stock with serious upside potential
"For the traders among you, as soon as we're down or up a half of a percent, sell the pop or buy the dip. When we go back to equilibrium you can cover or sell, and then, after you put in some thought, you can put on a position."
Investors however should move more cautiously. "Unlike traders you can't buy the first dip," he said.
That is, Cramer's research suggests the market is overbought, therefore if a down move gathers momentum, it could be somewhat severe. Also he believes once the market knows with certainty that tapering is underway, it will shift focus to the debt ceiling, which presents another serious headwind.
"The pattern of these talks is that they start off with hope, then they devolve into acrimony, and then plunge into the abyss of total chaos," Cramer noted.
That too suggests sentiment could turn negative.
However, ultimately the Mad Money host believes lawmakers will achieve some kind of resolution. And because of the tailwinds outlined above, when that resolution comes, he thinks the bulls win the day.
Therefore, if the Fed statement triggers a sell-off, Cramer recommends making a shopping list and then buying strategically. "Ultimately I believe this will be a buy the weakness event," he said. It's just a matter of when to buy the weakness.
Call Cramer: 1-800-743-CNBC
Questions for Cramer? email@example.com
Questions, comments, suggestions for the "Mad Money" website? firstname.lastname@example.org