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NEW YORK (

TheStreet

) -- "The European leaders have spoken, the crisis is done," an elated Jim Cramer crooned to the viewers of his "Mad Money" TV show Monday.

He said any investor who chooses to stay negative through this moment in history, will miss what's important.

Cramer had nothing but kind words for the European central bankers, whom he said "did amazing things over the weekend." He said taking cues from the U.S. bailout, the Europeans delivered exactly what Cramer had hoped, a definitive plan to stop the riots and market panic, choosing decisive action over a patchwork of band-aid fixes.

More on Europe's Debt Crisis

Why Greece Can't Use Gold to Pay Debt

With a new world order now in place, Cramer said he has no choice but to take the possibility of Dow 9,000 off the table, as the markets are now left with only a strong worldwide economy with just a hint of inflation and strong corporate earnings.

Cramer said his only concern now would be that his portfolio is not positioned well enough to take advantage on the ensuing rally. He said while investors shrugged off stocks like

Caterpillar

(CAT) - Get Report

and

Boeing

(BA) - Get Report

last week, these stocks are once again in the sweet spot this week, thanks to their bullish conference calls and sustained growth.

Cramer told investors to enjoy the rally, and use the opportunity to sell some stocks they don't like, or perhaps trim positions that have run a little too much. He said the facts from last week have clearly changed, and that means a new outlook on stocks.

Tower Power

In the "Executive Decision" segment, Cramer spoke with James Taiclet, CEO of

American Tower

(AMT) - Get Report

, one of the country's leading cell tower operators with more than 27,000 tower sites. Shares of American Tower are up 16% since Cramer last recommended the stock on Sept. 10.

Taiclet said American Tower aims to deliver a consistent, positive message to its shareholders, which it did again in its most recent quarter with revenues up 12%.

He clarified on comments made by

Verizon

(VZ) - Get Report

which stated that the company had enough antennas for its next generation 4G network.

Taiclet said that while Verizon has nearly completed phase one of its rollout, there will be two more coming, and most of American Tower's growth will be stemming from the current 3G expansion and not from the 4G rollout.

Taiclet was most bullish on the company's international opportunities however, saying India, for example, is several hundred thousand towers short of having adequate coverage. He said American Tower has applied to expand its network from 2,500 towers to 7,000 towers in India, and will grow from there.

In Brazil, Taiclet said American Tower has doubled its network in the past three years, and will be looking to do that again in the next three years.

Perhaps most exciting however, is American Tower's desire to convert its structure to a Real Estate Investment Trust, or REIT, which will allow it to distribute even more of its rich cash flow to shareholders. Cramer said if the conversion happens, American Tower will become an even sweeter deal than it already is.

Unfairly Punished

Even with today's monster rally, Cramer told viewers there are still stocks that were unfairly beaten down in last week's meltdown.

Case in point,

Cirrus Logic

(CRUS) - Get Report

, a little known semiconductor company that is now squarely a play off the success of

Apple

(AAPL) - Get Report

, a stock which Cramer owns for his charitable trust,

Action Alerts PLUS.

Cramer said after hitting a 52-week earlier this month, shares of Cirrus got pummeled 21% last week on the heels of Europe's woes. The stock, he said, is now a bargain.

Cramer explained that after years of languishing, Cirrus has reinvented itself as a play on the smartest of smart phones. Seventy percent of the company's sales now stem from chips in Apple's iPhone and iPad devices, as well as in other smart phones and audio devices. The remaining 30% of sales is derived from chips that help monitor energy usage that are being deployed into America's new "smart" energy grid.

Cramer said Cirrus announced at its last conference call that Apple now accounts for 33% of company sales. He said that while a single large customer is often a detriment to companies, it's welcome news in Cirrus' case, given how Apple cannot keep its iPads and iPhones in stock. "This is clearly a case of demand overwhelming supply," he said.

Cirrus currently trades at just 11 times earnings, with a 19% long-term growth rate -- cheap by Cramer's standards. The company also has $2.13 a share in cash with no debt, huge for an $11 stock. Cramer said Cirrus could see $20 a share.

Mad Mail

Cramer told a viewer that while stocks like

Potash

(POT)

and

Petroleo Brazileiro

(PBR) - Get Report

are best of breed names, their industries are too volatile, and he'd recommend stocks that are a little more tame, such as

Bristol-Meyers Squibb

(BMY) - Get Report

or

Eli Lily

(LLY) - Get Report

.

Cramer said the selloff in

BP

(BP) - Get Report

is overdone, and he believes this Action Alerts Plus name picks up a quick $5 once the oil spill in the gulf is stopped.

Lightning Round

Cramer was bullish on

Amazon.com

(AMZN) - Get Report

,

Apple

(AAPL) - Get Report

,

Huntsman

(HUN) - Get Report

,

Keryx Biopharmaceutical

(KERX) - Get Report

,

Synovus Financial

(SNV) - Get Report

,

Windstream

(WIN) - Get Report

and

JDS Uniphase

(JDSU)

.

He was bearish on

Ashland

(ASH) - Get Report

and

Palm

( PALM).

-- Written by Scott Rutt in Washington D.C.

To watch replays of Cramer's video segments, visit the Mad Moneypage on CNBC

.

Want more Cramer? Check out Jim's rules and commandments forinvesting from his latest book by

clicking here.

For more of Cramer's insights during the Lightning Round, clickhere

.

At the time of publication, Cramer was long Apple, BP.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.