JPMorgan, Wells Fargo and Bank of America all report on Friday and Goldman reports next week, and the backdrop right now is sub-par for Cramer. It would be better if the stocks sold off ahead of their quarters, he said.
The second problem Cramer found was in healthcare. The group has bounced since the election, but investors don't know when Donald Trump could tweet about drug prices. As the market heads into the important JPMorgan health care conference this week, Cramer suspects that the event has been more muted because of worries over pricing.
Many pharma companies also have a large amount of overseas currency exposure, which could hurt earnings when compared to the strengthening dollar.
Cramer also worried about the price of crude at $52, as it could prevent oil stocks from going higher. If anything, he expects them to move lower. Thus, investors may not be able to count on the oil patch to do the heavy lifting in the market.
The final worry on Cramer's list was technology, especially Apple, which was anointed as a top pick by Morgan Stanley because of the impending iPhone 8 and the possibility of repatriation relief.
"I much prefer downbeat talk that keeps expectations low," Cramer said.
That is why moving into earnings season, Cramer is hoping for more downgrades and negativity in the stock market in general. More sell ratings could create much-needed pessimism to cool stocks down.
After all, when everyone is bullish, that means there's no one left to buy. More negativity could help sustain the move.