Jim Cramer says investors should welcome an impending pullback, not fear it

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. “But that’s not a reason to head for the hills. Instead, you want to raise a little cash, watch the market broaden — as it is doing — and then buy your favorite tech stocks when they come down.”

To Cramer, these pullbacks may be hard to predict, but they must happen. He used a gardening analogy, likening pullbacks to rain and portfolios to plants: They need other to achieve growth.

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. $S&P 500 Index(.SPX.US)$ $Dow Jones Industrial Average(.DJI.US)$ $NVIDIA(NVDA.US)$