RealMoney Radio: Short-Sell Scramble

Investment portfolios are springing back to life in the midst of a two-day rally, Jim Cramer said on his "RealMoney" radio show Thursday.

On Wednesday, speculation of whether the Federal Reserve would increase interest rates turned into acceptance that it was in fact going to issue another rate hike.

Once the unpredictable turned into the predictable and there was no more surprise factor, the market went higher after being down for nine straight days.

Caterpillar (CAT Quote - Cramer on CAT - Stock Picks) also on Wednesday held a shareholders meeting, in which the company pulled itself together and discussed how the company's stock should not be down 15 points.

The meeting got the whole infrastructure sector moving, Cramer said. When Caterpillar is doing well, John Deere (DE Quote - Cramer on DE - Stock Picks) is doing well.

This means Cummins(CMI Quote - Cramer on CMI - Stock Picks) and Ingersoll-Rand(IR Quote - Cramer on IR - Stock Picks), which Cramer owns for his charitable trust, Action Alerts PLUS are doing well too, he said.

"You can buy all of these," Cramer said.

And because Caterpillar is a big buyer of steel, the steel market -- and in particular Foster Wheeler(FWLT Quote - Cramer on FWLT - Stock Picks), which he owns for his trust -- is up.

The market was also wrong about Boeing (BA Quote - Cramer on BA - Stock Picks). This sector not going down, Cramer said.

This is turn ignited any company that makes parts for the aerospace industry including Honeywell(HON Quote - Cramer on HON - Stock Picks) and BEA Systems(BEAS Quote - Cramer on BEAS - Stock Picks).

Bear Stearns (BS Quote - Cramer on BS - Stock Picks) recently reported that its business was fabulous, and now its stock is up five points.

Goldman Sachs (GS Quote - Cramer on GS - Stock Picks) and E*Trade (ET-P Quote - Cramer on ET-P - Stock Picks) are now up as well.

Infrastructure, aerospace, brokerage and financial stocks are all up, Cramer said. Short-sellers are scrambling to buy stocks.

"I think this rally will last for five days," he said. "Don't let things your stocks go just yet. Good things still to come."

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