Major milestones like today's crossing of 22,000 by the Dow Jones Industrial Average have always been a curse, Jim Cramer told his Mad Money viewers Wednesday. That's because the hedge fund sell programs come out in force on days like today, selling the hot tech names and rolling into the safer names.

In reality, today's milestone wasn't really a milestone. Cramer said the Dow itself is only 30 stocks and of those, only four, Boeing (BA) - Get Boeing Company Report , McDonalds (MCD) - Get McDonald's Corporation (MCD) Report , UnitedHealth Group (UNH) - Get UnitedHealth Group Incorporated Report and Apple (AAPL) - Get Apple Inc. (AAPL) Report , an Action Alerts PLUS holding, accounted for much of the average's recent moves higher.

Many of the pundits still fear it's the dot-com bubble all over again, but Cramer reminded viewers that unlike 2000, tech stocks are profitable and other than Amazon (AMZN) - Get, Inc. Report , Netflix (NFLX) - Get Netflix, Inc. (NFLX) Report and Tesla (TSLA) - Get Tesla Inc Report , they're actually pretty cheap.

Cramer said for those who aren't comfortable with the market's ups and downs, now would be a good time to raise cash, so that the next time the market declines, they'll be ready for the next rally higher.

On Real Money, Cramer says: The good news? The transports, which have been horrendous, were up today. Get his insights with a free trial subscription to Real Money.

Executive Decision: Groupon

For his "Executive Decision" segment, Cramer spoke with Rich Williams, CEO of Groupon (GRPN) - Get Groupon, Inc. Report , the online deals company that popped 9.3% today after it reported a surprise two-cents-a-share earnings beat. Is Groupon getting its groove back? Cramer dove in to find out.

Williams said that Groupon is riding a couple of waves at the moment, including the transition from paper to digital as the way to save but also the transition from desktop to mobile. In fact, nearly two-thirds of Groupon's transactions are now done on mobile.

Williams admitted that Groupon has been in "purgatory" for the past few years after their initial successes, but said they've done the hard work and have a solid foundation on which they can build. Groupon recently partnered with both GrubHub (GRUB) - Get Grubhub, Inc. Report and several credit card processors to offer users more services and put their savings right back on their payment cards.

Groupon is also branching out into appointments and scheduling, allowing small businesses like beauty salons the ability to offer a full suite of online services.

Williams said Groupon has a powerful message that people can use their service every day to save on a variety of things they do in their neighborhood.

Cramer said Groupon is once again becoming an attractive investment.

Cramer and the AAP team talk about Broadcom (AVGO) - Get Broadcom Inc. Report and Apple's connection through the iPhone. Get in on the conversation with a free trial subscription to Action Alerts PLUS.

Be Wary of Big Shifts in Consumer Behavior

What do AMC Entertainment (AMC) - Get AMC Entertainment Holdings, Inc. Class A Report , General Motors (GM) - Get General Motors Company (GM) Report , Royal Caribbean Cruises (RCL) - Get Royal Caribbean Cruises Ltd. Report and Apple all have in common? A lot more than you'd think, Cramer told viewers.

AMC pre-announced a massive slowdown in revenues today, news that sent shares plunging 26.9%. Meanwhile, General Motors saw its sales decline by 15%. The reason is simple, Cramer explained, as more and more consumers are shifting to experiences, not things.

Younger consumers especially aren't driving to the movies, they're binging on Netflix and taking cruises on, you guessed it, Royal Caribbean. When they get home, they share their experiences on Facebook (FB) - Get Facebook, Inc. Class A Report and YouTube, typically from their Apple devices.

Cramer said these are tectonic shifts in consumer behavior, shifts that have long-term staying power. That's why he remains committed to FAANG, his extended acronym that has to include Apple.

The declines at AMC and GM are not ordinary, Cramer concluded. The skeptics can't see what's happening, but hopefully Mad Money viewers can.

TheStreet Recommends

Executive Decision: IDEXX Labs

In his second "Executive Decision" segment, Cramer once again welcomed Jonathan Ayers, chairman, president and CEO of IDEXX Laboratories (IDXX) - Get IDEXX Laboratories, Inc. (IDXX) Report , a stock that's up 30% so far this year and over 61% over the past 12 months.

Ayers said that IDEXX is enjoying 10% to 11% organic growth and expects that to be the case for the next five years. He said they have an enduring growth story thanks to their ever-expanding toolkit of pet diagnostics.

Ayers added that every generation is more pet-friendly than the last, but the millennials in particular take pets to "a whole new level," with a recent study citing that 41% of millennials say "money is no object" when it comes to the health of their pets.

But IDEXX is about more than just pet veterinary services, the company also has a thriving livestock vet business and a water testing business that boasts 95% recurring revenues and a 99.9% customer retention rate. IDEXX is also a leader in vet software, with seven different cloud applications that help add value to their diagnostic services by coupling them with information management.

Lightning Round

In the Lightning Round, Cramer was bullish on Dynavax Technologies (DVAX) - Get Dynavax Technologies Corporation Report , Schlumberger (SLB) - Get Schlumberger NV Report , Cummins (CMI) - Get Cummins Inc. Report , Chevron (CVX) - Get Chevron Corporation Report and Universal Display (OLED) - Get Universal Display Corporation Report .

Cramer was bearish on U.S. Silica Holdings (SLCA) - Get U.S. Silica Holdings, Inc. Report , Inovio Pharmaceutical (INO) - Get Inovio Pharmaceuticals, Inc. Report and Akamai Technologies (AKAM) - Get Akamai Technologies, Inc. Report .

Mad Tweets

In the "Mad Tweets" segment, Cramer responded to questions sent via Twitter to @JimCramer.

When asked about Fitbit (FIT) - Get Fitbit, Inc. Class A Report , Cramer said this is still just an OK, not a good, story.

He was also not keen on the prospects of Warren Buffett taking a stake in Ford (F) - Get Ford Motor Company Report , saying that Buffett is not likely to buy into the company.

When asked why Synergy Pharmaceuticals (SGYP) - Get Synergy Pharmaceuticals Incorporated Report shares fell on an FDA approval, Cramer said that this is typically the pattern as shares rise on the rumor and sell on the news.

Finally, Cramer said that management at Twitter (TWTR) - Get Twitter, Inc. Report , including its part-time CEO, is not likely to change and there's nothing shareholders can do about it.

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At the time of publication, Cramer's Action Alerts PLUS had positions in AAPL, AVGO, FB.