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Jim Cramer saw that the "animal spirits" of the market were talking on Wednesday. Meaning, some stocks did not rise because of actual news or conventional earnings.
"It is being justified by people willing to pay more because things are getting better," the "Mad Money" host said.
What really made Wednesday's session different, Cramer noted, was a convergence of both the old economy and new economy, working hand-in-hand. For the old economy, the price of oil fell on the reduction of oil inventories, and for the new economy, talks of a Twitter acquisition drove innovation.
However, Cramer thinks the rally behind oil could turn out to be based on inaccurate numbers one day.
"It is entirely possible that one day we will find out that these 10:30 a.m. numbers we so prize, are no longer an accurate read of the supply or the demand of oil," he said.
The new economy has nothing to do with the price of oil, the Federal Reserve or interest rates. It has more to do with data and making sense of it. There is currently a race in the technology space to figure out how to use machines to translate data, and use artificial intelligence to know what customers want.
Amazon is driving the race, Cramer said. It has managed to stay one step ahead of every company out there. Salesforce made a case at its technology conference, Dreamforce, that it must have the best data mining and artificial intelligence.
This drove speculation that Salesforce would buy Twitter, which sent Salesforce's stock down 5 percent on Wednesday.
"Call it a trial balloon that the market shot down, perhaps as a harbinger of the dumping of the stock that would occur if say, a $29 bid were launched," Cramer said.
Ultimately, both the old and new economies managed to co-exist in the market on a very rare occurrence. When actual earnings are released by companies, Cramer wouldn't be surprised to see some large rallies prompted by impressive numbers from the same stocks that rose on Wednesday.