Jim Cramer says the rally in the stock market over the last two days is a textbook example of why no one ever made a dime panicking.
On election night, Cramer heard several calls from commentators who told investors to sell everything several times. Investors that thought the market was on the verge of a financial collapse may have been inspired to sell everything.
"My job is to say that when you hear sell everything, that comment is, one, most likely wrong, and two, most likely meant for someone with no memory or who can accept a buy everything back pitch the very next day," the " Mad Money " host said.
For Cramer, it was the equivalent of yelling fire in a crowded theater. Investors that focused on the hype and not the substance were kept away from an amazing opportunity as the market roared higher in the next two days.
One of those opportunities was Expedia, (EXPE) which Cramer thinks deserves to run much higher. This is especially apparent considering that its competitor Priceline (PCLN) is up 23 percent for the year, while Expedia has barely moved.
Investors were thrilled when Priceline reported a strong quarter recently that allowed the stock to skyrocket higher.
"I think everyone is ignoring the other big online travel play, Expedia, which isn't getting the credit it deserves for its smaller businesses," Cramer said.
However, Cramer was suspicious of how quickly but things have changed on the market in the last 48 hours.
"I think this rally could be getting out of hand. There is no way that the velocity of these moves, both up and down, can last beyond a few days past the election," Cramer said.
It was the companies that make tangible goods that had their stocks soar on Thursday. So did the stocks of companies that cater to people that feel optimistic enough to go out and eat and shop, rather than sitting at home or playing video games.
Suddenly the companies that were weighed down by regulation, like the banks, have led the charge to all-time highs, too.
These rotations told Cramer that the investors putting their money to work in the market were betting that the country is about to grow at a much faster pace. And while Cramer was skeptical of the fast rotation, similar moves in the past have had staying power.
Starbucks (SBUX) CEO Howard Schultz told Jim Cramer that he wants to raise the national awareness of what it means to serve by hiring veterans to recruit veterans within his company.
"What we need inside Starbucks in the HR group is we need veterans recruiting veterans who understand their language, their challenges, their issues. So the people who are recruiting veterans at Starbucks are the people who have worn the cloth of the nation," Schultz said.