You Can't Deny the Positive Signs

Looking, looking, for signs of a bottom. How can you not when you are surrounded by gloom? I want to start with gold. You need to focus on gold, because it is the enemy. It needs to go down. It must go down. And it is plummeting. I cannot emphasize enough that institutions watch gold like a hawk, and they will get bullish just on gold going down alone.

It is amazing to me how anticlimactic this housing legislation is being viewed, even as I would say that we will see Bank of America (BAC - commentary - Cramer's Take) and Wells Fargo (WFC - commentary - Cramer's Take) and the other major banks operating so quickly on this, sending their mortgages over to the Federal Housing Administration, that you will be able to see -- get this -- upside surprises for banks!

And let's focus on the rails. Why? Because when you have commodity bubbles bursting, you immediately have to be saying "recession." I don't know what the employment number will be tomorrow -- although the ADP number says it won't be too weak -- but you don't get the rails hitting a 52-week high going into a recession.

All positive signs. All too good to be ignored, particularly when 30% of the newsletter writers, according to the Investors Intelligence Survey, are bulls and 50% are bears!

At the time of publication, Cramer had no positions in stocks mentioned.

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