Cramer's 'Mad Money' Recap: Analysts Not on Board (Final)

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NEW YORK (TheStreet) -- "In my 32 years on Wall Street, I've never seen a less positive group of analysts," Jim Cramer announced to his "Mad Money" TV show viewers on Thursday, as he sounded off on what he called the most negative research he's ever seen.

Cramer said that sure there are worries in the market, but we're not headed for another downturn.

Cramer said that "doing the homework" has always been a part of his daily routine. Reading earnings releases, listening to conference calls and analyzing research reports is a major part of stock picking, he said. Yet after the market meltdown and subsequent recession, it appears that Wall Street believes the market will stay bearish forever. "I've never seen anything like it," Cramer explained.

He said when Whole Foods (WFM) reported an acceleration of an already fast-growing company, no one cared. Instead of recommending or upgrading the company, the analysts talked of stretched valuations, stating that the company's good news was already "baked into" the share price. Whole Foods is going from $77 to $100, said Cramer.

Similarly, analysts remain indifferent over Apple (AAPL), a stock which Cramer owns for his charitable trust, Action Alerts PLUS. With the expected introduction of it's next iPad looming, Cramer said analysts should be telling investors this stock is headed to $500 a share. But again, nothing.

Cramer said the trend continues with companies like 3M (MMM) getting a downgrade on the news of its new CEO, of shares of Cisco (CSCO) and Coca-Cola (KO) totally shrugging off great earnings.

Cramer said things aren't perfect, but they're sure better than Wall Street analysts are leading on and it's costing investors big gains.

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