When Janet Yellen speaks on Friday, Jim Cramer thinks she could make a case for a strong economy that is ready for multiple rate hikes.
"I bet a small tightening will turn out to be a buying opportunity, even as there are always weak-handed traders who sell on any rate increase," the "Mad Money" host said.
When Cramer listened to the stellar Toll Brothers earnings conference call on Tuesday, it was clear to him why the housing market is doing so well. Toll Brothers dominates the high-end real estate market, building homes that average $843,000.
The company bought back approximately 7 percent of its shares in the first nine months of the fiscal year, but what really impressed Cramer was the geographical breadth of its strength. It managed to thrive in markets like Denver and Dallas, even though they were supposed to be hurt by slumping oil prices.