im Cramer had to give some credit to the markets on Wednesday. They finally started to make sense, and there was one move in particular with the price of oil that gave him a glimmer of hope.
And when the price of oil turned up on Wednesday, suddenly it took the averages with it, which is how the Dow Jones went from being down 193 points before the reversal and finished up 183 points.
“Something really profound happened today. The stocks of the companies that were most on the ropes in the oil patch … led the rally, and that’s actually a major positive,” the “Mad Money” host said.
Another stock that landed on Cramer’s radar was Disney, which rose 2 percent on Wednesday. According to Cramer, it would not be a smart move to bet against both Disney and its CEO Bob Iger.
Read MoreCramer: Here’s the golden price for oil