KEY POINTS
  • CNBC's Jim Cramer said investors should take a chance on buying the dip during trading days like Monday — even if it means accepting some short-term losses.
  • "This is my eighth tightening cycle and I know from experience that if you wait until the [Federal Reserve] is done and inflation's broken, it'll be too late to buy," the "Mad Money" host said.

CNBC's Jim Cramer said investors should take a chance on buying the dip during trading days like Monday — even if it means accepting some short-term losses.

"This is my eighth tightening cycle and I know from experience that if you wait until the [Federal Reserve] is done and inflation's broken, it'll be too late to buy," the "Mad Money" host said, referring to the Fed's plan to implement several interest rate hikes this year to control soaring inflation.