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.