CNBC's Jim Cramer explained to investors how to identify "garden-variety" market pullbacks and even find buying opportunities in these declines.
"There are all sorts of sell-offs, but unless they involve systemic risk — which is increasingly rare, like in 2007, 2009 — they're going to prove to be buying opportunities long term," Cramer said.
Sell-offs from overseas can also create buying opportunities, Cramer said, but warned investors not to start buying hand over fist and to wait to see if there will be a bottom.
Politics can also play a role in market declines, Cramer said.
To Cramer, politics may be a reason to sell some stocks, but rarely are they a reason to sell everything.
Persons:
CNBC's Jim Cramer, —, Cramer