Cramer's 'Mad Money' Recap: It's Almost 2011 on Wall Street's Calendar (Final)

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NEW YORK (TheStreet) -- "The cavalry is right around the corner," Jim Cramer told the viewers of his Mad Money TV show Thursday, as he discussed how the calendar will begin affecting stock prices on Aug. 1.

Cramer explained that when portfolio managers and hedge funds value stocks on a price earnings multiple, they never look at past earnings, they only look at future earnings. So with July's earnings season wrapping up, investors may think that October's earnings are next on the agenda but they would be wrong.

Cramer said 2010 earnings are pretty much a given now, with all of the estimates mostly set in stone. He said beginning Aug. 1, analysts will stop paying attention to 2010 and begin looking forward to 2011.

So what's that mean for stocks like Boeing (BA)? Cramer said despite posting disappointing results, the stock of Boeing stayed virtually unchanged, because in just a few days the company's 2011 prospects will begin to matter, and those prospects look a heck of a lot better than 2010.

Cramer said whether its aerospace or tech stocks, the analysts will being raising their estimates for 2011 beginning in August, and that will be welcomed news for lingering stock prices. He said that it's too late to sell stocks now, investors would be better served to just sit and wait until the calendar changes.

"2011 is right around the corner," Cramer told viewers, and that will provide the cushion stocks need to start heading higher.