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Jim Cramer's 'Mad Money' Recap: Buffett 'Halo,' Dollar Top, Growth Stocks Spurred Rally

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NEW YORK (TheStreet) -- How was the market finally able to stage a back-to-back, two-day rally? Jim Cramer told his Mad Money viewers Monday that today's strength wasn't caused by a Warren Buffett 'halo,' nor a top in the dollar, nor a renewed interest in growth stocks. It was a combination of all three.

Put simply, when billionaire investor Warren Buffett speaks, the markets just feel better. The Oracle of Omaha preaches good, old-fashioned investing fundamentals, like doing your homework, buying stocks at the prices you want to pay and investing for the long term.

Must Read: Warren Buffett's Top 10 Stock Buys

Then there's the U.S. dollar, which seems to have finally topped. That's great news for international and industrial stocks because a dollar tailwind could make all the difference for these names.

Finally, there's been a renewed interest in the high-growth stocks like the biotechs. Stocks like Cognizant Technologies (CTSH), Taser Int'l (TASR) and Wynn Resorts (WYNN) were all up on the day, with others like Buffalo Wild Wings (BWLD) bouncing back from recent declines and Shake Shack (SHAK) mounting a sizable short-squeeze that sent shares up 6.9%.

Add them together and you've got a perfect recipe for a continued rally.

Executive Decision: Andrew Liveris

For his "Executive Decision" segment, Cramer spoke with Andrew Liveris, CEO of Dow Chemical (DOW - Get Report), a stock Cramer owns for his charitable trust, Action Alerts PLUS.

Liveris said that for Dow, productivity is "a journey, not a destination," which is why his company is continually adopting a "less is more" strategy and becoming more technology driven and focused on customers. Dow has a portfolio of products that works no matter what the price of oil, Liveris continued, something that had not historically been the case.

When asked about Europe, Liveris said the demand is there in countries like Germany and with a strong dollar, Europe's economy is finally starting to move.

Turning to the topic of chlorine, a business Dow is in the process of spinning off, Liveris said Dow started in the chlorine business but now realizes that its capital can be better invested in higher-growth areas.

For all those reasons, Cramer declared Dow the "cheapest industrial cyclical I know."

Must Read: Buffett, Munger, Gates Tackle Hot Topics From Public Schools to End-of-Life Care

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