Cramer: Warren Buffett's Apple Buys Aren't Enough to Stop Wednesday's Declines

Even though Berkshire Hathaway's Warren Buffett is scooping up shares of Apple and Goldman Sachs, that won't be enough to counter Wednesday's stock market selloff.
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Even though Berkshire Hathaway's  (BRK.A) - Get Report  Warren Buffett is scooping up shares of Apple (AAPL) - Get Report and Goldman Sachs (GS) - Get Report , that won't be enough to counter Wednesday's stock market selloff.

That's the assessment from TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.

"Niether Buffett nor the S&P 500 money that comes in 401(k) are anything that is going to stem this decline instantly," Cramer noted. 
"The decline comes in waves and waves and waves - it's like a riptide."

Cramer talked about Buffett's latest buys in his Real Money column Wednesday.