There's always somebody telling you to do exactly the opposite of what you should really be doing, so be sure to do your homework, Cramer advises.
How many times do people react negatively to Wells Fargo's quarter, only to have the stock have a classic 'upon-further-review' status before it takes off again?
It doesn't take a lot of effort to invest one's own money, but you must do your homework, Cramer said,
I have liked oil since I thought it bottomed. But at this point you are on your own.
Cramer is blown away by Wells Fargo but thinks Chesapeake Energy is a worst-of-breed stock.