Cramer's 'Mad Money' Recap: Market Trumping Bearish Chatter (Final)

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NEW YORK (TheStreet) -- The headlines on Wall Street may still be worrisome, but Jim Cramer told the viewers of his "Mad Money" TV show Thursday that investors don't seem to care.

"The rallies are for real," he asserted, and in the long term, the markets never lie.

Cramer once again took on the bears, contrasting the headlines, which included abysmal retail sales numbers, a slumping Beige Book report from the Federal Reserve and continued worries out of Washington over healthcare reforms, against the stocks that seem to be rallying daily.

Consider the seemingly poor retail sales numbers. Cramer said these numbers didn't seem to apply to Gap (GPS), Kohl's (KSS) or Wal-Mart (WMT), all of which rallied today.

Likewise with health care reforms. Cramer said Wellpoint (WLP) is up 23 points since he recommended it just a few short weeks ago.

And the banks, including Bank of America (BAC), a stock which Cramer owns for his charitable trust, Action Alerts PLUS, and Wells Fargo (WFC) are also on fire, despite continued "concerns" over credit and real estate weakness.

Cramer said perhaps the real story with the banks is that they're actually making money and will likely surprise investors in 2010. He said it's hard to argue that day by day, week by week, things are slowly getting better. Cramer said the bears will eventually have to admit that their mockery of the rally is only costing them money.