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NEW YORK (
TheStreet) -- "Those who walked out on the markets yesterday were the big losers today," Jim Cramer told his
"Mad Money" TV show viewers Thursday. He said that the symphony of stocks sounded a lot better today and that's what a bull market is all about.
Cramer said there were a number of big bull themes at work today, the most important of which was encouraging jobless claims data. Cramer said jobs drive the stock market and creating new jobs is the single most important issue facing the markets right now. "We need more private sector jobs," he said, and any news to that end will send the markets higher.
Cramer also noted that auto sales are another big market theme. After positive sales from
General Motors(GM), Cramer said "what's good for GM is good for America." He told investors to forget about the company's earnings for the time being. What matters now is that sales are building.
Cramer's third big market theme, housing. He said the rise in new housing starts is bullish for the entire market, adding more fuel to the fire of the home builders, home improvement plays and construction-oriented sectors.
Finally, Cramer acknowledged that Europe, particularly the continent's successes, is still a major theme for the markets. He said the programs that have been put into place are working, and interest rates and bond yields are falling as a result.
As a final thought, Cramer also added that technology remains strong. He said that while he's worried about
(AAPL)patent issues in China, this stock which he owns for his charitable trust,
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, remains a buy, as does a handful of other new and old tech names.