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TheStreet Open House

Cramer's 'Mad Money' Recap: Still Bullish

Click here for an archive of Jim Cramer's Mad Money recaps.


Jm Cramer told the viewers of his "Mad Money" TV show that he's thrilled with Monday's market decline.

He said every bull market has pullbacks, but those are just opportunities to buy stocks even lower than they were yesterday.

Cramer said with all of the bad news out today, the market's should've been down huge. Yet by the end of the day, the markets were essentially flat, almost turning positive on the news. This is a good sign, said Cramer, who turned bullish on the markets back at Dow 6,500.

Cramer reminded those who followed his lead back then, that the market has now rallied almost 20% from those lows. He said simply, "when the facts changed, I changed my mind."

But Cramer also cautioned viewers that a monster move like this one we've just see is a typical year's worth of gains, so investors would be hogs if they didn't ring the register and take their gains.

"If you're a bear, it's game over," said Cramer. But if you're long the market, Cramer said the turn has come, and while companies may still be reporting on their horrible quarters last quarter, the outlooks going forward have consistently indicated the worst is now behind us.

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