Jim Cramer pointed to technology, oil and financial stocks as the leader of the rally on Wednesday. Three of the most hated sectors have suddenly turned into leaders of the market.
The Investors Intelligence Poll of newsletter writers also reported what Cramer regarded as "eye popping" sentiment numbers on Wednesday. The poll indicated that 35.4 percent of participants are bullish, down from 40.2 percent last week. Additionally, 24 percent were bearish, a six-week high, and the rest were calling for a correction.
"The idea that there could be this many bears just seems plain wrong. I think many people are caught on the wrong end of the seesaw here, and they are about to be sent flying by the bull," the "Mad Money" host said.
While Cramer admitted that there are many soft patches in the economy, there are also many positive signals in the economy too, such as housing and job growth.
When many investors hate the stock market, Cramer always reaches for the most hated sectors imaginable: banks, tech and energy.