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) -- Another market boom is on the way, Jim Cramer told the viewers of his "Mad Money" TV show on Wednesday.

Cramer said whether you're a bottoms-up or a top-down investor, all signs are increasingly pointing to another bull market in the wings. He said on the macro economic side, there was encouraging news on the U.S. industrial production number and the housing starts number today.

The view on the micro side was just as good, with everything from tech, steel, autos, housing, retail, industrial, aerospace, oil, gas, copper, iron and wood bottoming and ready to boom.

Cramer said there could be many reasons for the strength. It could stem from the aggressive cost cutting and layoffs companies took to fend off the recession. Or it could be coming from the huge federal stimulus, which celebrated its one year anniversary today.

No matter what the reason, Cramer said the bears are simply way too skeptical of this market, and the chance of a double-dip recession is clearly off the table.

A Strategic Fit

In the "Executive Decision" segment, Cramer welcomed back Greg Wasson, president and CEO of



, who appeared on "Mad Monday" Tuesday, along with John Lederer, chairman and CEO of the privately held

Duane Reade

, which announced today that it was being acquired by Walgreen.

Wasson explained that Duane Reade has a leading presence in the No. 1 drug store market in the country, New York City, and Walgreen liked not only Duane Reade's financials, but also what it was doing strategically with its stores, such as adding fresh foods and a cosmetic counter.

Lederer called the merger "the best of both worlds," given that both companies have great brand names and private label franchises. He said the combined company will continue to build out their presence in the New York metro area.

Cramer continued his support for Walgreen, saying that the combined company "will make you a lot of money."

Stimulus Working

Cramer also spoke with Austan Goolsbee, head of the president's Council of Economic Advisers, to get the latest read on how the stimulus package is helping the U.S. economy recover.

Goolsbee said that current consensus data estimate that last year's stimulus package has helped create, or save, two million jobs in the U.S. He said while that number doesn't begin to fill the hole of jobs lost in this country, it is an encouraging start.

Goolsbee also agreed with Cramer that economic growth is the critical component needed for improving the country's economic health. He said that growth will not only help the job situation, but also the ballooning federal deficit.

Natural Gas Play

In a third interview, Cramer spoke with Larry Nichols, chairman and CEO of

Devon Energy

(DVN) - Get Free Report

, Cramer's favorite wildcat driller of natural gas.

Nichols said that the oil shale fields in America have been huge for his industry, and has allowed Devon to triple its production and increase its reserves. He said in the Barnett shale region in Texas, Devon has drilled 2,000 horizontal wells and every one has been successful.

Nichols commented on President Obama's announcement today regarding new nuclear power facilities. He said that while nuclear power takes 10 to 15 years, and federal subsidies, to bring on line, our nation's clean burning natural gas plants run at only 25% of their capacity. Nichols said if the country wants cleaner energy, it just needs to turn on the facilities it already has.

Regarding Washington's attitude towards natural gas, Nichols said that there are many entrenched interests that don't want to give up what they have. But, he said, no political rhetoric can stop the fact that America has over 100 years of natural gas, and the fuel is here and it's in our best interest to use it.

Market Observations

While watching the ticker in real time, Cramer noted that

Gilead Sciences

(GILD) - Get Free Report

, a stock, which he owns for his charitable trust,

Action Alerts PLUS, has gotten two pieces of good data regarding its AIDS drug recently. He said that


(C) - Get Free Report

is quietly headed to $5 a share by 2012, while


(QCOM) - Get Free Report

, another stock in Cramer's charitable trust, might be catching a bottom.

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

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


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At the time of publication, Cramer was long Gilead Sciences, Qualcomm.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of 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, 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 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, 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, 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 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, 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.