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"Yesterday was only the beginning," Jim Cramer said of April 25, the day the Dow Jones Industrial Average closed above 13,000 for the first time in its history. "We're sitting on top of a major move up," Cramer told viewers of his "Mad Money" TV show Thursday. Market players have not yet missed the rally, but if they're going to be "running with the bulls," they need to know what will work and what won't, he said. "My job is to tell you why we're going higher and what you should back up the truck for" -- that is to say, which stocks you should load up on. The great earnings numbers that have been coming out are what pushed the market higher on Wednesday and today, but that's only part of the story, he explained. The real reason these companies had such good earnings in the first place is that the estimates were set too low. There has been "a pervasive sense of gloom" on Wall Street with the housing downturn and the Democrats taking over Congress, Cramer said. As a result, hedge funds were shorting stocks such as Amazon (AMZN Quote) and Whirlpool (WHR Quote), but the short positions turned on them. These stocks, he said, are becoming "consistent and worth owning." Right now the estimates are being recalculated and stocks are getting revalued, Cramer explained. "This is why the stock market should still go higher." While there are some stocks that have peaked, there is a lot that is still working, he said. In the health care sector, Cramer named MedcoHealth (MHS Quote), CVS Caremark (CVS Quote) and Allergen (AGN Quote) as "great" plays.
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