This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Cramer's 'Mad Money' Recap: The Bulls Go Marching (Final)

Search Jim Cramer's Mad Money trading recommendations using our exclusive Mad Money Stock Screener and watch Jim Cramer's Mad Money Post Game video exclusively on TheStreet.com.


NEW YORK (TheStreet) -- "This rally is turning bears into house pets," Jim Cramer told the viewers of his "Mad Money" TV show Tuesday.

After a 103-point rally in the Dow Jones Industrial Average, Cramer said that the "parade of horribles" the bears have been counting on have simply evaporated, leaving corporate earnings to take center stage.

According to the bears, said Cramer, commercial real estate was on the brink of collapse. Instead, he said new firms are being created every day to buy distressed real estate and help the market recover.

The bears also predicted ever falling housing prices, but there too, they were wrong, he said, noting home builder KB Homes (KBH) saying that home prices in California have finally stabilized.

The bears were also worried about a bubble in China, said Cramer, but it now looks like China's getting its second wind. He re-recommended Walter Energy (WLT) as a play on China's need for coal to make more steel.

In technology, the bears predicted a seasonally weak first quarter, said Cramer, but there too, they were dead wrong. He recommended Oracle (ORCL) ahead of its earnings and once again extolled the strength of Apple (AAPL), a stock which he owns for his charitable trust, Action Alerts PLUS.

Other bear arguments centered on health care reforms and banking reforms. But Cramer said that with no new taxes hitting until 2011, health care is a non issue, for now, and banking reforms have also been watered down to where they're not a threat to earnings.

Cramer said the big news that matters is that Washington is taking a vacation from the front page of the media, which leaves earnings to step into the spotlight. And with so many bull markets occurring, from tech to aerospace, shoes to fertilizer, the bears will be forced to admit their wrong and buy in big soon enough.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,108.73 +22.10 0.13%
S&P 500 1,988.22 +1.21 0.06%
NASDAQ 4,481.9880 +8.2910 0.19%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs