Finally, someone kicked a little sense into the market! It has finally gotten some rationale, and is reacting positively to good news.
As much as this seems like common sense, Jim Cramer reminded investors that the opposite has been occurring. In fact, Wednesday's session was a reminder that investors can make money from the thoughtless panic of others.
Panic itself is not a strategy, but buying from those who panic is one of the greatest and most lucrative strategies in Cramer's book of investing.
What does he mean that the market has finally become rational? Here are a few examples.
"It has been my contention that what's freaking people out and making them panic out of all socks is not the downward direction of oil, but the velocity of the move," Cramer said.
He thinks that oil has more room to go lower based on the fact that there is too much of it sloshing around. Finally, oil stopped its decline and buyers came out of the woodwork to buy stocks in companies that benefit from lower energy costs. Those are the consumer packaged goods, retailers and restaurants.
"Just consider the oil market as a rigged market that's no longer being rigged," he added.