If a year ago someone told Jim Cramer that the market would be able to thrive, even though the biggest company on earth, Apple, had a downbeat forecast — he would have said they were crazy.
Given the weight that technology and Apple has on the psyche of many investors, Cramer expected stocks to be down huge on Wednesday. This market is much different from any market he can ever recall.
Why didn't disappointment have further ramifications on stocks?
"The bulls turned bears from that nasty downturn at the beginning of the year, and those who keep waiting for the Fed to tighten just keep getting overwhelmed by these mini-bull markets," the "Mad Money" host said.
One standout amid a gloomy tech sector was Facebook, which shattered expectations when it reported.
"Facebook reported what may be the most picture-perfect quarter for all of tech, with better revenues on high incremental margins," Cramer said.