Cramer's 'Mad Money' Recap: A Mystifying Bull Market (Final)

Stock quotes in this article: PCLN , GILD , BMY , C , BUCY , RIG , WTS  

Click here for an archive of Jim Cramer's Mad Money recaps. Click here to get Jim Cramer's Mad Money Post Game video exclusively on TheStreet.com.


NEW YORK (TheStreet) --"We don't have a traditional bull market, we've got a rolling set of mini bull markets," Jim Cramer told the viewers of his "Mad Money" TV show Tuesday.

He said that unlike a traditional bull market, where everything rallies in unison, this bull market is like a relay race, with one sector handing off the rally baton to the next.

So many people have underestimated this market, said Cramer. And that's because this market isn't like any we've seen before. While the defensive stocks like Altria (MO Quote), which he also owns for his Action Alerts PLUS portfolio, Coca-Cola (KO Quote), General Mills (GIS Quote) and McDonald's (MCD Quote) have been rallying this week, last week's rally included only the transportation stocks.

Cramer said a few weeks ago, the oil stocks rallied big, but before that, the natural gas stocks had their turn in the relay race. The tech stocks have been on fire, he said, but only after the semiconductor stocks had finished their leg of the rally race.

Cramer said one sector after another are seemingly taking turned in the rally hot seat, then resting while other sectors take the lead. He called the recent market action "the ultimate stealth bull market," one that's mystified investors and pundits alike.

But while the naysayers predict doom and gloom, one sector after another is reinforcing the bull move higher.

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To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

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