NEW YORK ( TheStreet) -- "Yes, I worry," Jim Cramer told his "Mad Money" TV show viewers Wednesday, as he outlined the concerns that keep him up at night, as well as those that don't. He said that any good investor always needs to ask themselves, "what could go wrong?" That holds especially true as the markets are surging higher. Cramer said the first thing that keeps him up at night is the looming crisis between Israel and Iran. He called the rising tensions the "elephant in the room," and not one to be taken lightly. With the European economy still slowing and the U.S. producing more oil than in the past decade, he said oil sanctions against Iran may not be enough. Similarly, Cramer's worried about the price of gasoline. He said that $4 per gallon has always been the breaking point for Americans, the point when there's simply not enough money left over for dining and shopping. "We need gas lower," he said simply. Third, Cramer said he's concerned with taxes going up. Federal Reserve chairman Ben Bernanke said taxes were a concern, and Cramer said if Bernanke is worried, then he is too. Fourth, Cramer said he's worried about all of the perma-bears, the naysayers for the last 6,500 Dow points, who are now turning bullish on the markets. When there's nobody left selling, noted Cramer, that's the time to worry. Finally, Cramer said he's worried about a sell-off on either good or bad news about the Greek debt situation. With the markets rising in the face of the continuing crisis, Cramer said he expects investors to use any resolution to take profits. But there are also some things Cramer said he's not worried about. Cramer said he's not worried about earnings, for one, as they're terrific. He said he's also not worried about politics. In a simple explanation, Cramer said if Obama wins, then things must be getting better, and if he doesn't, then our president will likely be someone the stock market likes better. Cramer noted he's also not worried about so-called "stretched valuations." He said that stocks are only expensive when looking through the prism of the past few years. Looking ahead, those valuations are not stretched in the least, he said.
Delivering on PromisesIn the "Executive Decision" segment, Cramer spoke with Stephen Holmes, chairman and CEO of Wyndham Worldwide ( WYN), which not only delivered spectacular earnings but also boosted its dividend by 53%, a move which sent shares up 6.1%. Wyndham operates 7,200 hotels under 15 different brands and is also the number one vacation timeshare company in the U.S. Holmes said he's confident in his company and confident in its future, as Wyndham continue to build momentum for shareholders. He said that Wyndham is still a relatively new company, having had its IPO just five years ago, but it's building a track record of delivering on its promises. In addition to its hotel and timeshare business, Holmes also noted RoomKey.com, one of Wyndham's online properties that allows customers to access multiple hotel properties all at once and get the best possible prices. When asked about its diverse mix of businesses, Holmes said that Wyndham does indeed have a great group of businesses, but they're not looking to breakup or spin off any at the moment. He said the business mix has allowed Wyndham to only have 15% of revenues come from Europe, for example, which helps it deliver consistent results. Finally, when asked about the U.S. consumer, Holmes said that the U.S. customers seem to be feeling better about the economy. He said that his hotels are fuller and patrons seem to be in a better state of mind. Cramer said the Wyndham is still a relatively unknown company on Wall Street, but should be one in investors' portfolios.
More Than Chicken WingsIn the "Executive Decision" segment, Cramer spoke with Sally Smith, president and CEO of Buffalo Wild Wings ( BWLD), the beer and wings purveyor that delivered a six-cent-a-share earnings beat on a 34% pop in revenues, all in the face of higher chicken wing prices and doubtful analysts. Smith said that she tries to convey to analysts that the price of chicken wings does not make or break the company, and indeed some do understand that wings are just one facet of the business. She said that while wings used to account for 40% of sales, that number is now closer to just 20%. "We manage a whole basket of commodities," said Smith, as well as construction costs, management training and technology upgrades. When asked about growth opportunities, Smith said that Wild Wings currently has two locations in U.S. airports, both of which are doing well. She said there may be 60 to 75 other airport locations that might also be a perfect fit for the company. Smith also noted that Wild Wings is focusing on smaller towns that lack a wide variety of dining options as well as colleges throughout the country. "Every campus could have a Buffalo Wild Wings close by," Smith added. Turning to some of the company's other initiatives, Smith said that Wild Wings has over 6 million followers on Facebook and is actively participating with their customers. The company also focused in 2011 on upgrading its beer selection, a segment that provided excellent revenues for the company. Cramer said that it is possible for analysts and investors to be too skeptical about a company. He said that Smith has the situation under control and this is one stock that is not done going higher.