Cramer's 'Mad Money' Recap: March 31

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The markets surged Tuesday higher despite a dire forecast from depressionists that we would be down big, Jim Cramer told viewers of his "Mad Money" TV show.

Cramer said the markets are still on fire, from the banks to tech, oil and beyond. The evidence, he said, is all around us. In banking, both Bank of New York (BK Quote) and State Street (STT Quote) surged higher, as Cramer predicted, on the news of new accounting rules.

In technology, there was strength in lots of names, including Cramer favorite and Action Alerts PLUS name, Qualcomm (QCOM Quote), which rose $1, or 2.75%, in today's trading.

Cramer said there was also good news from Cisco (CSCO Quote), up 2.8%, as well as Apple (AAPL Quote), Google (GOOG Quote) and IBM (IBM Quote).

Oil futures enjoyed the best gain in eight months, said Cramer, and that propelled stocks like Occidental Petroleum (OXY Quote), Chevron (CVX Quote), another stock which he owns for his charitable trust, Action Alerts PLUS and Exxon-Mobil (XOM Quote).

Bottom line: Cramer wishes the doomsayers were correct and the market did pull back even more today so that he could buy in at even lower prices. "March didn't go out as a lamb; it went out as a bull," he asserted.