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 on Thursday it was too early to get bullish on this market, even if lawmakers are able to secure a deal before the default deadline.

Using 2011's debt ceiling crisis as a guide, Cramer says it's best to "keep the cash on the sidelines and waiting."We are on the same path as the 'disastrous 2011 debt ceiling fight', says Jim CramerCNBC's Jim Cramer told investors on Thursday it was too early to get bullish on this market, even if lawmakers can cut a debt ceiling deal.

"I keep recommending you maintain a high-cash position, even if the Democrats and Republicans cut a deal, because last time it was the gut punch of the S&P downgrade a few days later that really crushed us," he said, referring to Standard & Poor's sharp drop after 2011's debt ceiling deal.

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