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NEW YORK (
TheStreet) -- "Stocks aren't playing with the bear anymore," Jim Cramer announced to his
"Mad Money" TV show viewers Monday.
He told them that this quarter's earnings have been a gamechanger for the markets and Europe simply doesn't have the fire power to keep U.S. markets down any longer.
Cramer said that investors are finally coming to the realization that most companies simply don't have any exposure to the eurozone and those that do are having strong earnings that are actually making a difference.
He said that even
, a stock which he owns for his charitable trust,
Action Alerts PLUS
, and does have European business is rallying off its lows.
Cramer said in just about every sector, from financials like
to apparel with
to the oil patch with
are showing strength despite continued uncertainties in Europe.
Was all of the Euro madness overblown? Cramer said no. He said investors are right to worry and are right to take profits on big up days. "It would be crazy to dismiss Europe," he said, but it turns out that the strategy of "kick the can down the down" is giving banks and countries time to prepare for the worst and is slowing letting the air out of the balloon.
Cramer remained bullish on retail, which has no European exposure. He likes
. Cramer was also hot on
, three more Action Alerts PLUS names.
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