History tells market players that they should be ready to buy after a down day in the market if not immediately, then soon after, Cramer stated tonight. The 9/11 selloff looked as if it was the end of the market, and during the crash of 1987, the market fell 508 points, the largest one-day percentage drop in history, Cramer said. Soon after those sellers looked foolish and had wished they had bought according to Jim. Today’s drop is similar to the crash of 1987, Cramer said. While a Chinese selloff started the selling today, the German market caused it in 1987, he said. And just as the market did not reach a bottom the same day, Cramer believes that we have not seen the end of the selloff here, either. “That is why people should be in a protected zone” and look for dividends and buybacks, he said. Jim doesn’t want people to panic, he wants people to look to buy the market. He doesn’t want us buying all at once or think the market will bounce right back. He stressed the need to be patient. Jim thinks that in three months people who sold it all will wish they hadn’t.