There were two large business events that defined a new cycle in the market on Wednesday, and Jim Cramer said it all comes down to squandered opportunities versus created opportunities.
"I'm talking about Yahoo's decision to stand pat and not try to bring out any value, and Dow and DuPont's decision to give up their storied legacies and become one company in order to create value," the "Mad Money" host said.
Dow Chemical and DuPont have tried for many years to make shareholders wealthy through cost cutting and innovation. Unfortunately there were endless headwinds standing in their way, as they make products that require the global economy to grow in order to generate earnings growth that shareholders demand.
The hands of Dow and DuPont were tied, as they cannot require car companies to make more cars so they could sell more products to them. They also don't determine how much Kevlar is needed by the Army or how many homes are being built that will need their products. They were held hostage to these things, even as Cramer thinks they did a fantastic job at inventing new products to help growth.