Cramer's 'Mad Money' Recap: Dec. 8

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"Today's rally was a lot more than short covering," Jim Cramer told viewers of his "Mad Money" TV Show Monday.

Cramer said there are a lot of positive things working in the market and told investors what the need to do about it.

Cramer again credited President-elect Barack Obama for some of the market's upward momentum, calling him "the man with the Midas touch."

Just about everything trends higher when he talks about his infrastructure plans, he said, including Vulcan Materials , Martin Marietta Materials and Caterpillar (CAT Quote).

Cramer also credited the end of financial blow-ups for generating some of the positive momentum. He said people can rest easy knowing that another bank might not be in trouble. He also said that the global picture looks a little brighter because governments around the globe are investing in stimulus packages.

Other market positives include a slowdown in forced selling by hedge funds from redemptions. Cramer also noted that even cold weather in Northeast is helping to stabilize natural gas prices and squeeze out short sellers in the commodity.

Despite all these positives, Cramer told viewers it's too late for them to buy any stocks. He said that the moves have been made, and that it's time to ring the register and take profits.

"The accidental high yielders aren't high yielders anymore," he said, adding investors need to buy on weakness and sell into strength, especially during large multi-day rallies.

"Ring the register," Cramer said.

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