As soon as the Fed announced it wouldn't move, the doomsayers mysteriously disappeared. Cramer scoured the wires, boards and Twitter and found nothing. The media acted as if everyone who predicted a surprise rate hike never existed.
"I found the way these doomsayers got off to be totally ridiculous. It reminded me, once again, about the asymmetrical way we treat money managers and prognosticators," Cramer said.
If they're bullish and there's a negative outcome, they are ridiculed endlessly. But if they're bearish and get it wrong, there is zero accountability.
"Nobody ever gets called a moron for being too negative," Cramer said.
What astonished Cramer the most was that the negative commentators did not acknowledge the positive effects of no rate hike, but instead focused on whether the Fed will hike in November or December. No one took the time to digest how the Fed's actions could help investors make money.
Cramer refused to play that game. He would rather focus on embracing stocks that will perform both before and after the Fed meeting, and what could happen next.
Here are the positive implications Cramer saw:
Going into the meeting, consumer packaged goods stocks saw a rollover, thanks to subpar earnings and yields that weren't attractive anymore. Those stocks became safe to buy again when the Fed held steady.
Additionally, it's a good thing that the dollar will remain weak. Given that oil trades on the dollar, this could be good news for the oil patch.
While everyone was focused on Wells Fargo CEO John Stumpf going before Congress, Cramer noticed that the bank stocks actually went higher. That's because investors are looking for stocks that haven't run yet and are cheap.
"Remember, the next time this happens, don't be fooled by the misdirection play — focus on what really matters, finding the stocks of high-quality companies at good prices, rather than fretting endlessly about the Fed," Cramer said.