Taiwanese President Tsai Ing-wen is expected to stop over in the U.S. on Friday on her way back from visiting diplomatic allies in the Caribbean, a move that's sure to make...China Politicsread more
Regional stability, oil prices and potential for war will all depend on what Iran does with its nuclear program in the event of the deal's termination.World Politicsread more
Libra and bitcoin are different in a lot of ways, from the technology behind them to the way they're used.Technologyread more
Stocks in major Asia Pacific markets made strong gains on Friday, as comments from a U.S. Federal Reserve official led to rising expectations the central bank could ease...Asia Marketsread more
Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.Airlinesread more
Earlier, Williams delivered a speech at the annual meeting of the Central Bank Research Association in which he said, "It's better to take preventative measures than to wait...The Fedread more
The base version of the sports car will punch out 495 horsepower, 40 more than the seventh-generation car and enough to launch it from 0 to 60 in "less than three seconds"...Autosread more
Animation fans and Kyoto residents gathered at the site of Japan's worst mass killing in 18 years on Friday, offering flowers and prayers for the 33 people who died in an...Asia Newsread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
Microsoft beat on top and bottom lines, and guidance was just ahead of expectations, but the company's Azure growth is slowing down.Technologyread more
"We've seen Netflix stumble before, especially maybe after a price hike, but not quite like this," Jim Cramer says.Mad Money with Jim Cramerread more
Sometimes, the market wants to go lower, and nothing will stop it. But Jim Cramer reminded investors not to let fear obscure the concrete positives that are happening right under their noses.
As soon as Cramer learned that North Korea claimed that it detonated a hydrogen bomb on Tuesday night, he knew Wednesday would be a difficult trading session.
The markets always have a hard time factoring in potential nuclear catastrophes. The combination of the unknown and inherently irrational North Korean government and thermo-nuclear weaponry is the complete opposite of reassurance for investors.
But is that a reason to sell stocks?
Cramer was shocked when the U.S. stock market was eviscerated, while the South Korean market — the country that really should be worried — seemed to take the whole thing in stride, dropping only about 1 percent on the news before rallying and closing almost unchanged.
"There is no universe where we should be down more than South Korea on this news, yet that is exactly what happened," Cramer said.
Read more from Mad Money with Jim Cramer
In Cramer's perspective, investors should not be worried about North Korea, at least no more worried than they were before. North Korea has had missiles for years now, but Cramer does not believe it will use those weapons because it does not want to be wiped off the map in retaliation.
And while everyone was worried about North Korea's H-bomb, many people missed a crucial negative event in the market — the rate hike bomb. ADP reported very strong employment numbers, which is bad news because it suggests that the Fed may continue to tighten.
However, the Fed's vice chairman, Stanley Fischer, told CNBC on Wednesday morning that he was not married to the idea of hitting the market with four rate hikes this year. Cramer thought this was incredibly positive news given the damage that an aggressive Federal Reserve could do to the market.
"I'm simply urging you to maintain a sense of perspective, rather than losing your head and panicking. Even if you want to sell everything you own, today was not to do that. You will likely get a better chance at higher levels if you are simply willing to be patient," Cramer said.
So, while Cramer understands that the market is descending into a spiral where balance sheets no longer matter to stocks, he reminded investors to stay calm and look for weakness so they can pick up high-quality stocks at bargain prices.
"I know nothing is more painful than to hear that it is worth staying the course, yet sometimes the most painful thing to do is the right thing to do, and that is why I am advocating the outrageous position of not jettisoning your stocks just because everyone else around you seems to be doing exactly that," Cramer said.