When good things happen, embrace them, Jim Cramer told his Mad Money viewers Wednesday. There are plenty of skeptics and fear mongers out there, he said, but fear is the least rational of all emotions and should play no part in your investing strategy.
Case in point, today's news that Chinese investors might be cooling to U.S. Treasury bonds. Those fears were enough to send the Dow Jones Industrial Average down a quick 100 points as a rising interest rates would be bad for stocks. But a short while ago, investors were worried that the yield curve was the opposite -- too flat.
When it comes to interest rates, it helps to maintain perspective, Cramer told viewers. He remembered rates at 14%. When things cooled to 11%, the market celebrated, making today's 2.55% rates seem laughable.
The bears are also fretting over rising inflation, but Cramer noted that just last month, these same bears feared a lack of inflation.
Finally, there's oil, where many see $60 a barrel crude as worrisome. But recall when oil was below $30 a barrel. What was the number being thrown around, the number that would save the drillers and make them profitable? The number where the pipelines and indeed the whole economy would flourish? You guessed it, $60 a barrel.
Don't listen to these scare tactics, Cramer concluded. Invest for the long term and view declines like today for what they are, buying opportunities. Embrace them.
Over on Real Money, Cramer says the more Treasuries the Chinese dump, the better. Get more on his insights with a free trial subscription to Real Money.
Executive Decision: Domino's
In his "Executive Decision" segment, Cramer spoke with Patrick Doyle, president and CEO of Domino's Pizza Inc. (DPZ) - Get Free Report , which saw its shares fall 3.2% today after Doyle announced he will be stepping down in June.
Doyle said he accomplished all of the things he'd hoped to at Domino's, and his 10-year plan ended up being about eight and a half. He reassured investors that he wouldn't leave if Domino's did not have an amazing leadership team in place that could run the company even better than he can. "Now's the right time to do it," he said.
Doyle added that he has no plans after June, but will start by taking a six-month vacation with his wife.
As for what he's most proud of and what he'll miss the most, Doyle said that the franchisees top the list. A full 90% of all franchisees started as hourly workers, he said, and now many of those same people are creating opportunities for others.
Cramer called Doyle simply "the best CEO we've ever had on Mad Money," noting shares are up over 350% during the past five years.
In his "No-Huddle Offense" segment, Cramer said in the age of index funds, the performance of individual companies don't seem to matter much anymore, but that doesn't mean we shouldn't celebrate phenomenal CEOs when we see them.
In the old days, when a company reported a bad quarter, it mattered to its stock, its sector and sometimes the market as a whole. But today, index funds hold all the power, and if the momentum is going the other way, your earnings don't matter all that much.
But individuals still do matter, Cramer said. It was CEO Patrick Doyle that took Domino's Pizza from $10 a share to $200 and that's why he should be saluted for a terrific job well done.
Cramer and the AAP team are using today's weakness to add more shares of Constellation Brands (STZ) - Get Free Report to the portfolio. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.
Off the Charts: Video Game Winning Names
In the "Off The Charts" segment, Cramer checked in with colleague Robert Moreno over the charts of the video game stocks of Take-Two Interactive (TTWO) - Get Free Report , Electronic Arts (EA) - Get Free Report and Activision Blizzard (ATVI) - Get Free Report , a current Action Alerts PLUS holding.
Moreno noted that all three are up big over the past 12 months, with Take-Two gaining 127%, Electronic Arts gaining 74% and Activision up 42%. Take-Two just formed a bullish cup-and-handle pattern, while Activision has been range bound for four months but now seems ready to breakout to the upside.
Moreno was also bullish on Electronic Arts, as that stock has also been range bound, but after forming a rounded top, now also displays the bullish cup-and-handle pattern.
To see the charts in detail and get more of Moreno's analysis, check out Big Names in the Video Gaming Sector.
Executive Decision: Tableau Software
In his second "Executive Decision" segment, Cramer sat down with Adam Selipsky, president and CEO of Tableau Software Inc. (DATA) - Get Free Report , which on Wednesday released the latest version of its data analytics platform.
Selipsky said that their newest release includes a new product, Hyper, which allows data to load up to five times faster and analyze up to three times faster, allowing companies to examine even larger datasets than ever before.
For companies like Unilever (UL) - Get Free Report , Selipsky said, Tableau allows data to be analyzed at both the global level and the local level and everywhere in between. You don't have to be a data scientist to use Tableau, Selipsky noted, but many data scientists use their software for analysis.
With so much data being generated and more being added all the time from the Internet of things, Selipsky said that fast loads and faster analysis allows companies to refresh their data more often, giving them the most up to date views of their business.
In the Lightning Round, Cramer was bullish on iRhythm Technologies (IRTC) - Get Free Report , Southwest Airlines (LUV) - Get Free Report , General Dynamics (GD) - Get Free Report , Raytheon (RTN) - Get Free Report , Lockheed Martin (LMT) - Get Free Report and Toyota Motor (TM) - Get Free Report .
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At the time of publication, Cramer's Action Alerts PLUS had a position in STZ. ATVI.