Even if lawmakers can cut a debt ceiling deal, Jim Cramer says it's too early to get bullish

CNBC's Jim Cramer told investors connected Thursday it was excessively aboriginal to get bullish connected this market, adjacent if lawmakers tin chopped a indebtedness ceiling deal.

"I support recommending you support a precocious currency position, adjacent if the Democrats and Republicans chopped a deal, due to the fact that past clip it was the gut punch of the S&P downgrade a fewer days aboriginal that truly crushed us," helium said, referring to Standard & Poor's crisp driblet aft 2011's indebtedness ceiling deal.

Cramer stressed that adjacent though a woody was yet reached successful 2011, the marketplace inactive suffered.

"That's wherefore I support recommending you support a precocious currency position, adjacent if the Democrats and Republicans chopped a deal, due to the fact that past clip it was the gut punch of the S&P downgrade a fewer days aboriginal that truly crushed us."

And truthful far, according to Cramer, this year's indebtedness ceiling debacle is moving parallel to that of 2011, making the S&P's past downgrade particularly prescient.

"So, knowing what we cognize astir 2011, it's premature to get bullish connected this market," Cramer said. "Best to support the currency connected the sidelines and waiting."