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Jim Cramer: All right. This is from Kristy in Austin, Texas. Does Brexit and other economic weakness in Europe suggest that financial is a bad and risky sector in which to be invested now. Kristy, I'll tell you, JPMorgan addressed that directly. Think about this, JPMorgan, big international company put out better numbers than Wells Fargo domestic numbers, domestic company. My sister-in-law works in comms, comms in Europe for JPMorgan. They're trying to figure out where to go, what's going to happen for Brexit. People talking Frankfurt, people talking Paris. But, the one thing is certain -

Jeff Marks: The city could run out of food in four days.

Jim Cramer: One thing is certain, Brexit's going to be very disruptive for European companies. I actually believe that. It's not going to be disruptive for our companies, and it's going to keep Jay Powell on hold. It's one of the things that keeps Jay Powell on hold. No inflation and Brexit. He's got to be worried. It's going to be a dip.

Jeff Marks: Yeah, and if you look at what's going on with Deutsche Bank as well, at least there's been some merger talk. That would do well for them, for the whole sector to kind of alleviate fears.

Jim Cramer: Yeah, and remember, there's so much money. There's 770 million people on the continent. It's not like Europe has no money. The money comes here. You're not really a fiduciary if you're buying bonds for 0.2, 0.3 percent.

Jeff Marks: You know, it's just like a cleaner area there, the fintechs, and I know we're itching to get back into one.

Jim Cramer: MasterCard and Visa, PayPal.

Jeff Marks: PayPal. There'll be a time. It's earnings season that's what creates opportunity.

Jim Cramer: You know what Dan asked me, he said did you sell it. I said we got almost a triple, Dan. He said, you let me down.

Jeff Marks: We have big gains. It was his -

Jim Cramer: I said bulls make money, bears make money, pigs get slaughtered.

Jeff Marks: It was his conference that marked the bottom of the stock.

Jim Cramer: That's why you got to stay close to the teach-ins. 

Investors are concerned about the implications of Brexit on the market. 

During Jim Cramer's members-only Action Alerts Plus monthly call, Cramer was asked if Brexit and other economic weakness in Europe suggest that financial is a risky sector to invest in.

"Brexit's going to be very disruptive for European companies. I actually believe that," said Cramer. "It's not going to be disruptive for our companies, and it's going to keep [Federal Reserve Chair] Jay Powell on hold."

"It's one of the things that keeps Powell on hold. No inflation and Brexit. He's got to be worried. It's going to be a dip," Cramer added.

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