Jim Cramer expected way more selling after UK's Brexit vote

CNBC's Jim Cramer was expecting a bigger buying opportunity for investors after the United Kingdom's vote on European Union membership.

"The sellers are not materializing as I would've expected," Cramer said Friday on "Squawk on the Street."

The U.K. voted in favor of leaving the EU in an unprecedented decision that sent global markets falling. The Dow Jones industrial average fell more than 500 points out of the gate, but recovered some of those losses by mid-morning trade.