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NEW YORK (
TheStreet) -- "Despite the big runs, there's still nothing on the horizon that warrants a change in direction," Jim Cramer told his
"Mad Money" TV viewers on Monday.
He said none of the long-term trends driving the markets higher show any signs of reversing course any time soon.
Cramer said while the bears are still screaming that everything in this market has reached its top for the year, including gold, silver, corn, wheat, oil, the
S&P 500, the
Nasdaq, the euro, home prices and of course housing, in reality, nothing has changed.
Cramer said he's heard the arguments against gold for six years, all the while the precious metal continues higher. He said the price of oil is being driven by money managers and continued high demand and low supply. Nothing changing there. Grains are still in high demand thanks to a global food shortage. And for stocks, well the earnings continue to be spectacular.
On the inflation front, Cramer said the only two areas he worries about are wage inflation and housing inflation, and the economy is seeing neither.
Turing back to stocks, Cramer said the 52-week high list is riddled with high growth names that cannot be stopped. He said
SodaStream(SODA) has caught his attention again, and
Apple(AAPL), a stock which he owns for his charitable trust,
Action Alerts PLUS
, is back. Cramer said that even
Netflix(NFLX), which got hit today, will be OK to buy again in two days.
"There's no cessation of buying," concluded Cramer. Sure there are some weak spots and concerns, but there's nothing that's changing his bullish outlook any time soon.