Jim Cramer warns against listening to the bears who, he says, "have been shown to demonstrate historical ignorance."
He broke down for investors why the next rate hike might be for buying, and not selling, time.
"What does happen when the Fed starts tightening? I've been through a lot of Fed rate increases and it's not a pretty sight, at least initially. Historically almost all tightenings are accompanied by a catch-all terminology that you better get used to hearing: soft landing and hard landing," Cramer wrote in his Real Money column on Monday morning.
"The soft landing people are trying to keep you in. The hard landing people are trying to get you out. The latter represents the worst kinds of commentators because they can always point to some difficult tightening cycles like the one that preceded The Great Recession and make a case that it's time to sell NOW," wrote Cramer. "Given that the market is at a high, their voices will resonate louder than all the others. After they call for it, you can expect the sell call will be self-fulfilling."
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