Overall mall traffic might be down, but it was clear to Cramer that the consumer has become very bargain conscious. This explains the rally in stocks like Dollar Tree, Dollar General, Ross Stores and TJX.
Or perhaps the consumer is just spending differently? Cramer was shocked by the strength Universal Theme Parks, owned by Comcast, which were extraordinarily strong.
"The inconsistency is maddening, and that is why you can have such incredible inconsistency in the stock market itself," Cramer said.
He found the same dichotomy in the supermarkets. Whole Foods reported a disappointing quarter, with same-store sales dropping 2.6 percent. Usually that would indicate that the consumer isn't spending.
But on its conference call Whole Foods co-CEO John Mackey discussed the company slowing the expansion of new stores to avoid cannibalization. It also has seen increased competition from Wegmans and Kroger, which indicated to Cramer that perhaps people are just shopping somewhere else.
Ultimately it is too hard for Cramer to get the pulse of the consumer, and it seems the averages are also having difficulty.
"Without a strong consumer, this market simply won't be able to sustain these heights, but if the consumer is still spending, just at different places, than the averages could still go higher," Cramer said.
He anticipates that stocks will continue to bounce back and forth until investors figure out if the consumer is strong or weak. Until then, there is no place in between.
Disclosure: Comcast is the owner of NBCUniversal, the parent company of CNBC and CNBC.com.