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NEW YORK (TheStreet) -- Why isn't there more selling in the market? That was the question Jim Cramer posited to his Mad Money viewers Wednesday.
His answer? Because too many bad things just aren't happening.
In a rare case of "everything that can go wrong just isn't," Cramer said the markets are simply adapting to the new realities and are focusing on the positive instead of the negative.
Cramer noted the markets have lived in fear for years that when the Federal Reserve began tapering its bond buying program the market would collapse. Yet, now that tapering has begun interest rates are heading lower, not higher.Then there are the earnings. Everyone has been expecting bad news -- yet, report after report, companies like Facebook (FB) and Apple (AAPL), stocks Cramer owns for his charitable trust, Action Alerts PLUS, have surprised to the upside. Cramer said where there is weakness in the markets, there's no longer any negative "pin action" taking the entire market with it. Some sectors, like the transports, oils and retail, have shown surprising strength of late. Even the deadly initial public offering market has been tapering, allowing demand to catch up with torrent of new offerings. Cramer said that IPO tapering, plus rising corporate dividends, are all helping to send the markets higher because all of the bad things we've all been fretting about are turning out to be no big deal after all.