Friday was a tough day with the market plunging, but Jim Cramer expected it. After all, the money managers who placed mistaken bets going into the Federal Reserve meeting had to unwind positions, and traders sold off ahead of one of the year's seasonal weak periods.
"Remember, some stocks are getting hammered simply because they need to have the Fed raise rates, particularly the financials, which happen to be the largest sector in the S&P 500," the "Mad Money" host said.
It is certainly ugly out there, and having oil prices fall 4.7 percent Friday didn't help. But Cramer can see that the market has a flawed mindset, where investors believe that crude has to go higher in order for the major averages to rally.
The consistent link between higher oil prices and higher stock prices has become treacherous. However, the Fed's decision to keep rates unchanged, and the link between oil and stocks, does not mean that all stocks are doomed.
"I remain convinced that companies with secular growth, meaning growth that is not dependent on a stronger economy, can blossom," Cramer said. (Tweet This)