NEW YORK ( TheStreet) -- On Monday's CNBC Stop Trading! segment, Jim Cramer sided strongly with Professor Jeremy Siegel at the University of Pennsylvania's Wharton School, who sees no risk of a "double dip" recession. This opinion clashes with that of another well-respected professor -- Yale University's Robert Shiller -- who believes there to be a significant risk of a double dip.
Cramer, on Stop Trading!, said he genuinely believes that there's been a real turn in the housing market and industrial America -- noting that when he sees what's been going on in the commodities markets and retail sales, he's convinced that the economy has bottomed out. "I think people do feel better about themselves" these days, Cramer said, adding that there are growing signs that people are going out more these days and spending more money.
However, Cramer says he can understand why people might not believe the recession is really over, even if he disagrees with them. "I think it's the psychological that clouds the picture," he explained.
On Monday, Cramer picked up on an article by AdAge, reporting that AT&T (T - Get Report) is apparently reconsidering its aggressive ad battle with Verizon (VZ - Get Report) Wireless, and that Verizon might in turn have to do the same.Cramer referred to the article with what sounded like a bit of relief. The ad battle was "very destructive for the stocks," he explained. "This war has defined these two stocks on Wall Street" and, because of that, "no one really wanted to touch these two stocks." He called their ad war a "death match." Meanwhile, amid the flow of tobacco news trends, Cramer on Monday said he likes Altria (MO - Get Report) and complimented the company's "very good acquisition" of UST and its smokeless tobacco assets, whose completion was announced in January 2009. -- Reported by Andrea Tse in New York Follow TheStreet.com on Twitter and become a fan on Facebook.