Look past the ‘misery’ and remember that the market will eventually recover, says Jim Cramer

CNBC’s Jim Cramer on Thursday reminded investors to stay on course in the market, as the pain will eventually disappear.

“The fact is that if you own stocks right now, the odds favor you going to lose money. So why not just go out and circle back at a better time? … Because losing money in markets like this is actually a part of the process, “he said.

The “Mad Money” host, who on Wednesday said that the Federal Reserve is winning the battle against inflation, reiterated its position that inflation has reached its peak or is close to doing so.

To illustrate his point, he examined three diagrams:

– We hoped we would get it [peak] Producer price index figures, so we hoped to get a peak in oil, we hoped to get a peak in food. Looking at these charts. “They are all on top,” he said.

However, the targets for where the numbers should be have changed in recent months as fears of a looming recession grow, according to Cramer.

“Six months ago, these peaks would have been ridiculously bullish, but now they are just pictograms of a weakened economy,” he said.

However, he reminded investors that the market will eventually recover.

“I’m sure we are not done with this misery. But I’m also sure that one day the goal posts will be at the end of the field and everything will be fine. I just do not know when.” he said.