Stock market corrections will happen: Here's how we navigate the ups and downs

Here's our Club Mailbag email investingclubmailbag@cnbc.com — send your questions directly to Jim Cramer and his team of analysts. We can't offer personal investing advice. We will only consider more general questions about the investment process or stocks in the portfolio or related industries. This week's question: I'm a pretty recent Club member, but I have found your insights great. My question: With the S & P 500 continuing to rise, do you anticipate a bubble burst or a pullback? The economic indicators are not great, but the market seems to be gaining momentum, which can be a bad combination. — Jim We avoid making big calls on the market's direction. Corrections will happen, but their timing and duration are nearly impossible to predict. We don't pretend to have a crystal ball. Nobody does. Instead, our investment decisions are driven primarily by the fundamentals of the companies we own and the valuations the market assigns to them. Our job is to find great long-term stories and buy in when the stock prices appear undervalued, not attempt to time when others might start buying. We focus on investing in the right companies over the next six to nine months and beyond. We are always invested. Market moves A correction is defined by a decline of 10% or more from all-time highs. A bear market is measured by a drop of 20% or more from record highs. …