If there is one thing that Jim Cramer learned from the infamous Gordon Gekko in the movie "Wall Street," it is that being greedy doesn't pay off. In fact, not ringing the register on positions can prove to be hazardous to your portfolio.
Have you cashed in on a few positions lately? If not, what are you waiting for?
To clarify, Cramer isn't saying to start selling off positions because he is bearish on the market outlook. He thinks that the market has a right to run after the big, bad Fed meeting is finally over. In fact, he knows that in order to prepare for the averages to run higher, that means having a good supply of cash on the side.
"I'm just saying that when you see these runs, you have to remember that there are going to be speed bumps. Do you have enough cash to take advantage of them? Or are you going to be caught having taken no profits at all? That's the way we roll in Cramerica," said the "Mad Money" host.
With this in mind for the upcoming week, Cramer has his eye on China. He thinks that we need to see a least a little bit of a bounce in China in order to justify how expensive industrial stocks have become.
In his opinion, Monday will mark the single most important Chinese number that will determine the direction of the market next week. The HSBC Manufacturing PMI will be announced, and he thinks it needs to be something higher than 51 or the market will open down.