Cramer's 'Mad Money' Recap: Happier Days

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"I believe the worst is behind us," Jim Cramer told viewers on a special, midday episode of his "Mad Money" TV show.

Cramer made a case for the bulls and offered several reasons why he feels the market bottomed on July 15.

He said the financials, consumer stocks and even housing stocks can begin to rally as it appears inflation has finally peaked and as oil and gas continue to decline and stabilize.

He made a case for consumer stocks like Clorox (CLX Quote), Kellogg (K Quote) and Kimberly Clark (KMB Quote), all of which Cramer said should do well in this environment.

Cramer again made a case for Internet giant Google (GOOG Quote), after his interview Wednesday with CEO Eric Schmidt, saying he sees three to five years of strong growth for the company.

Taking a step back from the US economy, Cramer also said that the while the US market has bottomed, much of the rest of the world hasn't. He sees the US rally being fueled in part by foreign investors buying into US companies because "we're where the bargains are."

Cramer: Not the Same Old Wal-Mart

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