Cramer's 'Mad Money' Recap: The Bull Market Is Here

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"The bull market is here," Jim Cramer declared Monday night on his "Mad Money" show on CNBC. "The bull market has arrived, so stop fighting it," he said. "Stop fighting me on this tech; stop fighting the health care revolution."

Cramer said that one ingredient for a good market has been missing for some time, but it's back: "Good news matters" again, Cramer exclaimed. The Fantastic Four movie did well at the box office and Marvel Enterprises(MVL Quote) rose on the good numbers.

Toll Brothers(TOL Quote), which started trading on a split-adjusted basis Monday, is another bullish sign that the market is turning, Cramer said. In a previous quarter, Toll had a fantastic report. But its stock got hammered because of insider selling. Now, the company reports another great quarter and the stock heads higher, even though management is still selling stock. What's changed?

"The tape (market) is the real difference now," Cramer said.

Despite the better market action, however, Cramer said that you still must be selective. A good tape does not mean that you should go out and buy just any old name.

One place that Cramer would be buying is in the health diagnostic and services stocks. Forget drugs, he said. Cost containment saves people money. Cramer said that he is willing to speculate on hot sectors when the cues are there for that type of speculation.

Take Dutch company VNU's purchase of IMS Health(RX Quote) on Monday, for example. He said it's time to start looking at other names in the health care arena that could be bought out. Cramer said that OraSure Technologies(OSUR Quote) and Allscripts Healthcare(MDRX Quote) both look good as speculative stocks that could get taken out. Cramer said Allscripts has plenty of room to grow and that it shoots up on every piece of good news. Why not get in there before the next piece of good news? Cramer asked. These kinds of stocks are headed for merger heaven, he continued.