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NEW YORK (TheStreet) -- Washington is back on the front page, and that's never good news for stocks, Jim Cramer said on Mad Money Wednesday, as the markets faltered on a surprise win for the Tea Party. Cramer's advice? Stay the course.
Cramer admitted that nothing turns buyers into sellers faster than wrangling in Washington. Whether its unemployment benefits, the budget, the debt ceiling, the deficit or corporate taxes, if Washington is involved uncertainty is soon to follow.
But Cramer said he's not worries about the Eric Cantor news as it just signals there's likely more gridlock to come. That gridlock might now be coming from the Tea Party rather than the mainstream Republicans but in the end gridlock is gridlock.Cramer said market deserved a breather, a chance for investors to take profits. The weakness also provides the perfect opportunity to put money to work in the sectors that are working, like aerospace and oil and gas. He said the weakness won't likely be over in a day, so investors should begin picking at the stocks they like starting tomorrow.