CNBC's Jim Cramer on Wednesday celebrated results from CNBC's most recent Delivering Alpha Stock Survey, in which a majority of investors predicted the market had run too high and that a pullback is on the horizon.
He told investors to welcome a decline and to raise some cash to buy quality stocks at lower prices.
"I think people are right to expect a pullback here," Cramer said.
While it's wise to raise some cash to prepare for a pullback, Cramer also suggested riding out some of the turbulence.
When investors are always trying to avoid the next pullback, they may end up missing the next rally, he said.
Persons:
CNBC's Jim Cramer, Cramer, he's
Organizations:
Alpha Stock Survey, Nvidia