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NEW YORK (TheStreet) -- Nobody knows whom to trust in this market, Jim Cramer told his "Mad Money" viewers Wednesday after a roller-coaster session on Wall Street. Cramer said there are two sides to every earnings report, and the ugly side is where investors are focusing.
In a market dominated by traders, Cramer said it's no wonder stocks like Buffalo Wild Wings (BWLD), which posted beat earnings expectations by 3 cents a share, rose 3% on the news only to change course in a nanosecond, falling 10% on what analysts perceived as "limited visibility."
The same was true for Ralph Lauren (RL), which saw its shares pop on earnings only to do an about-face, down $15 on less-than-expected gross margins.Cramer said it doesn't matter whether you're Estee Lauder (EL) or Wynn Resorts (WYNN), one of the 3-D printing stocks or Twitter (TWTR), the market is siding with the bears. It's not yet time to write off all of 2014, however, Cramer concluded. It's only February, but it's also not time to be aggressive, especially with a poor unemployment number expected on Friday.