Developments in the stock market are not always as they appear. Right now, Jim Cramer thinks an unexpected phenomenon is currently at play.
"If you don't build it, they will come. That's right, don't build anything new, profits will come to those who already dominate the space," said Cramer.
The idea is somewhat counterintuitive.
Conventional wisdom would suggest a bull market rally would be generated by business formation. That is, a creation phase in the economy would launch new companies, which in turn would make new jobs and drive GDP. In turn stocks would go higher.
Instead, Cramer says the rally is being driven by just the opposite. That is, there's so little business formation that those companies already in place have effectively cornered the market – they and only they are benefiting from whatever uptick the economy can generate.
"Let me walk you through it," Cramer said.