Jim Cramer on Dow 26,000: It's Not Multiple Expansion

TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said the rally to Dow 26,000, which was reached on Tuesday, is not about multiple expansion.
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TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said the rally to Dow 26,000, which was reached on Tuesday, is not about multiple expansion. 

"We're just getting rather dramatic increases in earnings from the companies that have reported," Cramer said, referencing JPMorgan Chase's (JPM) - Get Report earnings, released last Friday.

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