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Cramer's 'Mad Money' Recap: Growth on Sale (Final)

Stocks in this article: AAPLGOOGCABDKSCLNE

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NEW YORK ( TheStreet) -- It was a tale of two markets, Jim Cramer told his "Mad Money" TV show viewers on Monday, as he opined on the day's trading action. Cramer said that all of last month's winners got pummeled today, while a whole new class of stocks became en vogue.

Cramer said it may be hard for individual investors to fathom the intricate dynamics of the markets, but today's trading illustrated a classic "linked trade" with Europe. He said for weeks, hedge fund managers have been betting hundreds of billions on continued weakness in Europe. So today, when the U.S. dollar reversed course and took a turn for the better, many managers were caught on the wrong side of the trade.

That explains the action in many weak dollar stocks like 3M (MMM), Johnson & Johnson (JNJ) and Pfizer (PFE), said Cramer. These stocks, along with many of the banks, all saw their shares slide today.

Then there are the Nasdaq darlings, Google (GOOG) and Apple (AAPL), a stock which he owns for his charitable trust Action Alerts PLUS . Cramer said that while Google slide due to weak earnings and a questionable stock split, Apple's slide seems to be one in sympathy with the search engine giant.

Cramer said there are many fund managers who would love to see shares of Apple lower, which explains many of the rumors swirling about telcos becoming unwilling to pay sky-high iPhone subsidies. He said the selling in Apple could also simply be investors taking profits to pay their taxes.

But whatever the reasons for all of the selling in the markets, Cramer said the fact remains that high-quality growth stocks of all kinds are now on sale and remain a great place in which to invest.

Executive Decision

In the "Executive Decision" segment, Cramer checked back in with Andrew Littlefair, president and CEO of Clean Energy Fuels (CLNE), a stock that's up 61% since Cramer last spoke with Littlefair on November 14.

Littlefair said the economics for using natural gas for surface vehicles in the U.S. remain strong, adding that our country is passing up an incredible opportunity by not embracing the fuel. He said while Clean Energy Fuels doesn't need an endorsement from Congress, having leadership on the issue at the government level would go a long way toward moving the country to a new fuel.

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