Cramer's 'Mad Money' Recap: Up the Dow Staircase

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The Dow Jones Industrial Average is going to 14,548 this year, Jim Cramer told viewers of his "Mad Money" TV show Monday.

"The sin of not being bullish enough" is not something he's been guilty of often, he said. Cramer believes that we are finally "out of the doldrums" and that the market will be able to take on new highs without much resistance.

"We are about to go up another 1,000 points in the Dow from right here to year-end," Cramer said.

Every year, Cramer comes up with a prediction for the Dow Jones by doing what he calls a "bottom-up analysis" of the index. What this means, he explained, is that he goes through each of the 30 stocks in the Dow and for each of them he determines what price the stock is headed to by the end of the year.

This week, Cramer said he's dedicating a five-part series to the Dow and to why he believes it's headed to 14,548. Cramer said that each day he will talk about six stocks in the Dow and where he believes they are going.

The Dow Jones is filled with stocks that have buybacks, have "big international exposure" and are cheap, Cramer said.