Cramer: Growth Stocks Are Back

This column was originally published on RealMoney on July 5 at 9:06 a.m. EDT. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.

There's genuine excitement in this market. We have broken the shackles of a host of problems underneath the subprime/hedge fund/leveraged buyout/alleged slowdown. So now it's important to focus on the fact that we've had some important leadership shifts and some remarkable things happening that are producing tremendous returns. (If you don't believe me, take a look -- read on.)

First, we have the return of growth. Don't believe me? Look at Apple(AAPL Quote), and more important, Research In Motion(RIMM Quote). I love buyouts, don't get me wrong, but is there anything more exciting than the market paying up for the fabulous growth that Apple and RIM are producing?

Is RIM overpriced? Go tell the mutual funds using 2010 numbers that it is. A stock that goes up 60 points because everyone loves a device, including now the Chinese, is the real goal in this game. Finding these is what makes the market fun! ...