Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener. NEW YORK (TheStreet) -- "I'm tired of hearing that the bulls are way too smug," Jim Cramer said on Mad Money Wednesday. The S&P 500 closed at another record high on Wednesday, for the 20th time so far in 2014, Cramer said, so its not a mistake for the bulls to be complacent -- if they happen to be right. Short-selling ahead of Fed Chair Janet Yellen's comments Wednesday proved shortsighted. They lost money as the market exploded during her press conference, Cramer said, particularly when she said that inflation is peaking. Cramer was worried about two companies' earnings going into Wednesday trading: Adobe and FedEx . Abode is a "big cloud play" now, but how natural would it be to disappoint? The company closed up 8.2% Wednesday. As for FedEx, there were concerns about the consumer and global commerce in the marketplace, Cramer said. The stock closed up nearly 6.2% Wednesday. The real problem in the market, Cramer said, was a surfeit of skepticism. Cramer's bottom line: It's possible the optimism isn't misplaced and that it's the "ultra-skeptics" that are wrong. The skepticism has cost you more than the optimism. The optimism isn't based in complacency, Cramer said, but based on the facts. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here. -- Written by Chris Sahl in Boston.
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