The inconsistency in the stock market is maddening for Jim Cramer right now, and it is everywhere. Stocks have huge runs, only to be repealed, and the experts moving the stock all have different opinions.
"It is the kind of thing that inspires zero confidence, and that lack of confidence is what keeps so many investors either on the sidelines or streaming from the exits well before the game ends," the "Mad Money" host said.
Cramer saw the inconsistency play out with Wells Fargo on Tuesday. Wells Fargo CEO John Stumpf was questioned on Capitol Hill for the company's cross-selling tactics that resulted in thousands of unauthorized client accounts being opened.
"It was a weird hearing because anger at Stumpf actually brought together both Democrats and Republicans in condemnation. Stumpf united the aisles, against, well Stumpf," Cramer said.
Yet, the stock wasn't hammered in response. Instead, Wells Fargo stock had its best day in ages and rose almost 2 percent. Cramer explained the dissonance and pinned it to short-sellers. It was time for them to bring in their bets because of the possibility that the Fed could spring a surprise rate hike at Wednesday's meeting.
"Whatever the publicity and fallout might be, Wells Fargo's stock is expected to be one of the top beneficiaries of a rate hike, which, of course, trumps everything else," Cramer said.