Stocks futures moved higher in. premarket trading as investors awaited Federal Reserve chair Jerome Powell's virtual address at Jackson Hole.
Any talk around tapering asset purchases or Fed action on interest rates is expected to move markets Friday.
While Jim Cramer has long stressed that Fedspeak, particularly around Jackson Hole, should be taken with a grain of salt as he believes in Powell's course of action, a potential market impact isn't something to ignore.
In an interview with Action Alerts PLUS senior analyst Jeff Marks Thursday, August 26, Cramer suggested investors should be ready to buy any potential market dip that is triggered by taper talk.
"So, you can wait for the grand poobah to come down from a virtual Mount Teton or you can hang on every tidbit of money supply or fed bond buying, or you can run with the bulls. You know which one I am choosing," Cramer wrote in a recent column on Real Money.