Sometimes the market isn't straightforward. The Federal Reserve hinted that it could raise rates in September, and the price of oil cascaded lower. Yet, Jim Cramer still didn't see enough reasons for stocks to sell off on Wednesday.
Investors who held the stocks of Panera Bread, Buffalo Wild Wings, Caterpillar and Boeing were all surprised with earnings, and gave them no reason to sell. That meant short-sellers got the short end of the stick and had to scramble to cover their shorts.
"Short-sellers set up an ambush for the owners ... but these ambushes failed because the companies didn't give you a reason to sell. When there are no short-sellers, there is no way a short-seller can make money," the "Mad Money" host said.
Investment firm Stifel made a risky move on Tuesday when it recommended investors to sell Panera Bread on the same day the company reported earnings. Cramer found that the analyst based his call on reasonable assumptions: that the economy was slowing and the restaurant space could be the wrong place to be in a slowdown.