Jim Kramer here to share a short preview of my take on the market from today's members-only

CNBC Investing Club Morning Meeting. Join the club for full access to the morning meeting every day

at 1020 a.m. Visit CnBC.com slash morning take to sign up today. That's one word, morning take.

I know I'm going to say something very bold here, but I was taught by the late Great

Marquins. Jim, when the market is 10 to 1 to the negative, don't be surprised, you're going to

catch a bounce. We went to 10 to 1 negative, a quarter of 10. We are getting that bounce. It is an

ugly market. Middle East problem. Oil highest since April 2004, but I am going to go with my

late friend Mark Haynes, who was so good about the market. And he said, do not ever do anything

other than buy when you're 10 to 1 negative.

Yeah, and I think that's under the idea that if you do buy, you know, maybe recognize

maybe you're not going to time the exact bottom, but over time, some good long-term prices,

as long as you're buying some quality stuff that are doing, we're unfortunately restricted, but I would have said, okay, let's buy some Goldman, all right,

let's find a semiconductor that we like, particularly if you wanted to trade it would be like

a Western digital, but let's get in, buy back the Proctor and Gamble that we sold. Get in there and take in some of the things that we let go at higher prices.

That's what you would do in this market.

Software holding on, very interesting.

And I do say that, you know what, I know it seems like the end of the world, but the market

reflected that too much at the end of the world, the opening.

Yeah, you mentioned Goldman and the banks. Banks are really struggling here. Private credit woes continue Black Rock's 26 billion HPS corporate lending fund, cap withdrawals at 5% versus the 9.3% requested.

You know, we're obviously feeling pain in Goldman Wells Capital One today, but not

feeling the pain in BlackRock because we exited the position earlier this week.

And sometimes better be lucky and good. I just didn't like the way it acted.

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