CNBC’s Jim Cramer declared Friday that the stock markets must be worse than they are now before things can get better.

Cramer declared, “I’m searching for a moment where people will say I give up’,” “Squawk Box,”We are heading into another crazy trading day with both the NasdaqAnd the S&P 500Now in correction territory

We must have total surrender, but I think we still haven’t seen the kind of give-up that I would like. He said that stocks are turning up on Friday and they were starting to see the signs.

Investors should avoid companies such as ChevronThey are to be saved, said the host of “Mad Money”.

Chevron shares lost 5% on Friday after reports by the energy giant. mixed quarterly results. Chevron stock reached an all-time record in the previous session.

Apple shares rose more than 5% after the announcement. strong earningsIt was late Thursday The market was disappointed by the strength of tech bellwether, but it did help to lift it up on Friday.

Cramer explained that “we have to see these stocks fall… then when all of them go down, then we will finally reach a bottom.” Cramer stated, “It is clear that we are in a stage for people to ask, Get me out.’ You’ve had those periods denials, but now it’s all acceptance and people will say, ‘I can’t handle it anymore.’

Cramer stated, “You don’t want any hope or help from any company,” but sellers must exhaust themselves before buyers are able to enter the market again.

When he spoke of the effects of the Gulf War upon the markets in the 1990s, he said that “We used” to see recovery come Friday. It would be dangerous to enter shorter hours on weekends.

He said, “Maybe that is kind of where you might be.”

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