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NEW YORK (TheStreet) -- When everyone is bearish, it's time to change your thinking, Jim Cramer told his Mad Money viewers Monday after a strong showing on Wall Street. Cramer said when the facts change, investors need to change their minds. This week the tide is turning in a few key areas.
First is the Federal Reserve, which most certainly won't be raising interest rates after Friday's terrible employment number. Then there's oil, which has rallied 3.9% over the past week, as falling production here at home may finally be stabilizing prices.
Cramer also noted individual stocks like DuPont (DD - Get Report) , which rallied on talk of a breakup, and some of the automakers, which are heading higher from either a stronger China or the collapse of Volkswagen (VLKAY) .
The markets don't go from bear to bull overnight, Cramer concluded, but it does appear that the facts are changing.
The next time you hear an industry "expert" calling for a commodity "super cycle," run, don't walk, for the exits.
Cramer said just about every time you hear the term "super cycle" used, the commodity in question will inevitably be closer to a top than a bottom. It happened with ethanol, it happened with coal and now it's happening with fracking sand, that special sand used by oil drillers to keep wells flowing.
After topping out in October 2014, the stocks of fracking sand providers like U.S. Silica (SLCA - Get Report) have been in free fall as the entire industry ramped up big to meet the fracking boom, then was too slow in ramping back down as the price of oil collapsed.
That combination always leads to a massive oversupply and falling stocks, Cramer noted, which is why shares of U.S. Silica are down 77% over the past year.