Jim Cramer: I Remember Earnings

All I can say is the TVIX better go up Thursday or an awful lot of stocks are going to higher.

Remember earnings?

I do.

They look like this:

CenturyLink (CTL) better than expected.

Cisco (CSCO) better than expected. Applied Materials (AMAT) better than expected. International Flavors & Fragrances (IFF) better than expected.

Now we don't know how to dovetail that with rising interest rates. We don't know how to re-craft a story of expensive stocks because after these quarters these stocks aren't expensive.

The only comments we will get from these companies about rates is that they are giving them a greater return on their cash position.

Will Chuck Robbins explain to us why the VIX is going to hurt Cisco's business?

Will IFF lay out the bear case based on a 1/8^th percent move in rates of late?

Do you think that AMAT's Garry Dickerson will call out his stock as expensive at 11 times earnings?

Inquiring minds want to know.

All I can say is the (TVIX) better go up tomorrow or an awful lot of stocks are going to higher.

Oh, and speaking of oddities, what is with Warren Buffett not knowing that the X is dead on arrival? What does he think matters? The service stream? The wearables? What is with that guy? Man does he ever know how to wreck the narrative. Shame on him!

Action Alerts PLUS, which Cramer co-manages as a charitable trust, has no positions in the stocks mentioned.