The market took a plunge on Wednesday, but Jim Cramer's not sweating it. He sees this as an opportunity for investors to take out their shopping lists, not to pack up and run for the hills.
The primary cause of the recent bear market, in Cramer's opinion, was due to oil being hammered, as it shed $2. This led it to fall to its lowest close since December 2012. But wait… doesn't cheaper oil mean a tax cut for everyone that drives a car? Isn't cheap oil good for business?
Well, yes, but that would assume the market is a rational beast. Cramer has always known that it is not.
"I do a lot of shows where I talk about how to handle a correction, and I do them because of days like today."