Jim Kramer says investors should not allow the turbulent market to prevent them from finding “better opportunities.”

CNBC’s Jim Cramer said Thursday that while investors should tread carefully as the stock market storm continues, they also shouldn’t be afraid to take steps to bolster their portfolios.

“We want to be very careful about buying stocks that have stories that can handle a slowdown. … A good portfolio manager never sells winners to fund losers, even if it is embarrassing. You have to give the losers a chance,” the host of “Mad Money” said.

The Dow Jones Industrial Average was down 0.33% Thursday while the S&P 500 Index was down 0.13%. The technology-heavy Nasdaq Composite is up 0.06%.

He added, “But we are not satisfied, either way. We are very concerned about the destruction of wealth, for example, in cryptocurrencies. We are hanging our heads on the once great FAANG stocks. But we can never stop looking for an opportunity.” , he added. , referring to its acronym for the shares of Facebook’s subsidiary Meta, Amazon, Apple, Netflix and Google’s Alphabet.

Kramer’s comments come after the cryptocurrency saw a sell-off that lost more than $200 billion from the entire market in a single day. Bitcoin dropped below $26,000 for the first time in over a year.

Ether, the second largest cryptocurrency, fell below $2,000 for the first time in nearly a year. The Terra project’s UST stablecoin lost about 75% of its value on Wednesday before gaining slightly while its sister token, luna, lost about 98% of its value over the past week.

Cryptocurrency investors view stablecoins as safe havens when the market is turbulent, but treasuries oscillate in value.

In his analysis of the stock market, Kramer emphasized its unpredictability, noting that Thursday seemed like the perfect opportunity to rally.

“The market should have rebounded strongly today because interest rates were low and there was no real bad news,” he said.

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