Despite the high level of confidence and certainty among investors, there are still plenty of things in flux in this market, Jim Cramer cautioned his Mad Money viewers Wednesday. Investors seem certain about a lot of things, Cramer said, but they might be a little premature in their confidence.

The coronavirus in China may have plateaued, but we really don't know for sure, Cramer explained. We also don't know if things will get worse around the world before they get better. But, he added, he won't argue with this rally.

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