Usual Bull Markets Are Back

It's good to see that the usual bull markets are back at the start of the new quarter, plus a new category that seems to defy conventional wisdom.

Ag is very strong, of course, with the biggest number-misser of the group, Bunge (BG - commentary - Cramer's Take), leading again. Deere (DE - commentary - Cramer's Take), Monsanto (MON - commentary - Cramer's Take), Agrium (AGU - commentary - Cramer's Take) and Mosaic (MOS - commentary - Cramer's Take), of course, can't be stopped.

Infrastructure remains on fire. You can't keep that group down. Even Caterpillar (CAT - commentary - Cramer's Take), which should have been up on Friday, is back in action. That group remains in total bull-market mode.

Oil and oil service look incredibly strong again, with a tepid Schlumberger (SLB - commentary - Cramer's Take) the only one in the way, plus the usual crummy Halliburton (HAL - commentary - Cramer's Take) that I still like if only because it is the only one, besides Nabors (NBR - commentary - Cramer's Take), that is well off its high from last year. Exxon (XOM - commentary - Cramer's Take) and Conoco (COP - commentary - Cramer's Take) are so strong. The majors look great here.

The new group is autos -- led by Ford (F - commentary - Cramer's Take). We've always had great action in Johnson Controls (JCI - commentary - Cramer's Take) -- nothing new here, as it leads every rally. (I have suggested owning deep calls in this one forever, and I would roll up the strike here.) I have been partial to Toyota (TM - commentary - Cramer's Take), which, mistakenly, I believe, went down to $119 recently, which was just kind of nutty. But Ford and GM (GM - commentary - Cramer's Take) look great, in part because both companies are bent on bringing out value.

Only aerospace is disappointing.

It matters what's strong today. It can define another quarter. These groups are loved by their friends and feared by the bears.

I think they all go higher as the quarter goes on.

Random musings: Financials remain in total bear mode. Really disappointing. ... Even I, an Internet bull, am amazed at how bad Yahoo! (YHOO - commentary - Cramer's Take) is. ... Sears (SHLD - commentary - Cramer's Take) has become as disappointing as Costco (COST - commentary - Cramer's Take) is great. Nothing new on that front at all. ... It's a pretty good thing now and then to take a break from the media because I probably would have been spooked out of my bond bullishness by now. ... The media were totally focused on the bonds when they were going south; now no one cares when they are going north. But they could prepare us for a new leg up. ... Ultimate indignity: Goldman (GS - commentary - Cramer's Take) up less than Bear (BSC - commentary - Cramer's Take)! ... Schwab (SCHW - commentary - Cramer's Take) showing real commitment to shareholders -- ironically so does TD Ameritrade (AMTD - commentary - Cramer's Take), but the hedge funds don't seem to think so.

At the time of publication, Cramer was long Caterpillar, Halliburton, Toyota, Sears, Yahoo! and Goldman Sachs.

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Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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