'RealMoney' Radio Recap: Back to the Future

Investors know that Wall Street psychology is where the money is made, and that hard-to-take nuttiness on the Street is really just a fortune-telling game, said Jim Cramer on his "RealMoney" radio show Wednesday.

"We care far more about future growth than we care about past performance," he said.

Case in point are Tuesday's earnings reports from Nike(NKE Quote) and Electronic Arts(ERTS Quote).

After the bell, Nike reported a stellar quarter and the stock went down; Electronic Arts saw a "shockingly bad" three-month stretch. But Nike fell 3%, and the video-game publisher was unchanged, Cramer said.

That's because Nike's future orders -- its book of business -- for the next three months was disappointing, which means that its future earnings will be disappointing.

But Electronic Arts said there aren't enough machines on the market to take advantage of all the games that the company makes. But soon the game boxes will hit shelves, and Cramer believes that the company will reap the benefits.

"It serves as brutal reminder we really don't care on Wall Street about where a stock has been. ... All we care about on Wall Street is where a stock's going and what it's about to do to get there.

Cramer's Callers

Callers focused on past Cramer stock calls, beginning with Google(GOOG Quote). Cramer defended his bullish stance on the stock and said it ultimately "can work its way to $500, no problem."

He recommended picking up Google, moving on and visiting the stock again next year.

As for Buckeye Partners(BPL Quote), Cramer said to keep the faith.

While most Gulf of Mexico stocks have bounced back from the hurricanes, the energy partners sector is still lagging. Cramer said that Katrina was a once-in-a-lifetime thing and that the stock should fully recover.

Cramer likes Marvell Technology (MRVL Quote), but said to take some off the table and recycle it back into Qualcomm(QCOM Quote) or Broadcom(BRCM Quote), which are less expensive.