Over the weekend, there were headlines about the possibility of a trade agreement between the U.S. and China.
The Wall Street Journal first reported the potential for a deal, which could come as soon as this month, with other media outlets adding details on the kinds of agreements proposed and the nature of the breakthrough between Washington and Beijing. At the center of any potential agreement, however, appears to be a pledge from both China and the United States to roll back tariffs currently imposed on $350 billion worth of goods, with Beijing vowing deeper structural reforms alongside larger farm and energy purchases, TheStreet's Martin Baccardax reported.
Cramer said that his problem is that, "We have believed that there's going to be a trade deal for so long that now that we're really on the cusp of that trade deal, people just say, I'm going to sell on the news now that is too, sweeping."
Cramer also discussed American Express (AXP - Get Report) , Caterpillar (CAT - Get Report) and Boeing (BA - Get Report) . Cramer said that, while he wouldn't buy Caterpillar and Boeing at their current prices, they are two stocks that he thinks belong in an investors portfolio if they want exposure to China.
"There are far more reasons to own these stocks than not," Cramer said. "When it bottoms, that's when it's time to buy."