Jim Cramer was convinced last week that a jump in small business optimism would have no influence on the stock market.
"I was wrong," the "Mad Money" host said.
The monthly National Federation of Independent Business survey of small business optimism report this week indicated that December had greatest surge in optimism since 1980, when Ronald Reagan was elected.
The survey polled 619 businesses, and showed a jump to 105.8, the highest since 2004. The survey was heavily skewed toward the notion of expansion with the notion that more optimism leads to more hiring and job creation, which translates into economic improvement.
"I can't emphasize how important this all is because right now there is a perception in the media that there is nothing but trouble ahead with Trump's nominations, with his plans, with his style," Cramer said.