The Federal Reserve finally pulled the plug on its bond buying program. And guess what? We are still standing. The market didn't crumble and we didn't fall down a black hole of poverty in the process. Uh oh, someone owes investors an apology.
"Did anyone other than yours truly really believe things would play out this way and tell you repeatedly how unimportant the Fed's bond buying program really was to the greatness of the profits made by terrific companies?"
As with any major change in the economy, Cramer thinks it is a good time to take the pulse of expectations and see where we are. The "Mad Money" host reviewed the five horrible scenarios that have been beaten into investors' heads for ages, and found some interesting results.
When it comes to best-in-breed stocks, the good ones always come back. They can't help it; success is what they do.
They might sneak off quietly or even frustrate you for a while, but eventually they will always circle back. Cramer knows that is the time for investors to do some buying.
"Best of breeders don't sell off much, and they don't stay down long," said Cramer.
That is why when investors get a chance to buy into a best of breed because of the Federal Reserve or Chinese slowdown, you scoop it up with both hands. Examples of best-in-breed stocks include Honeywell, Disney, 3M, Chipotle and Bristol-Myers.