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NEW YORK (

TheStreet

) -- "Forget the endless litany of negatives," Jim Cramer told the viewers of his "Mad Money" TV show Monday. "This market commands your respect."

Cramer said no matter how great this rally has been, the bears continue to invent reasons not to like it. He said he's not buying it and believes that the negatives are coming from big money managers that want the market lower so they can buy in, and those who need to be 100% certain before changing their minds on the market's direction.

Cramer said there are reasons to expect pullbacks, but noted that he believes these pullbacks will be shallow and short-lived, and do not constitute a reason to get out of stocks altogether. Cramer told investors to sell into strength, and take profits where you have them. "Don't leave the table," he said.

According to Cramer, there's a lot to love about the markets, including low interest rates, house price stabilization, growth in China, money pouring in from the sidelines and even an uptick in auto sales as a result of the "Cash For Clunkers" program. He continued to be bullish on the three market leaders: technology, banks and oil stocks.

Cramer gave the nod to companies like

Apple

(AAPL) - Get Report

, along with

Wells Fargo

(WFC) - Get Report

and

Bank of America

(BAC) - Get Report

, two stocks which Cramer owns for his charitable trust,

Action Alerts PLUS.

Cramer said to ignore the negative pundits who are concerned with self preservation, and instead be flexible and take risks based on the facts.

Investing Overseas

Investors, worried about the pace of the U.S. recovery, need to look overseas, said Cramer, as he unveiled the first two stocks in his new "Foreign Legion" portfolio. He recommended investors consider setting aside up to 20% of their portfolios in foreign stocks, as protection against an ailing U.S. economy.

Cramer said his criteria for the Foreign Legion included stocks with American Depository Receipts (ADRs), that trade here in the U.S., stocks with at least a $1 billion marketcap and at least a 3% dividend yield, and finally, ones with solid fundamentals.

Cramer turned toward Brazil for his first two stocks meeting these criteria. They are Brazilian utilities

CPFL Energy

(CPL) - Get Report

and rival

Cemig

(CIG) - Get Report

. He said that Brazil is growing and needs more power, and these two companies are answering the call.

CPFL has only 13% marketshare in Brazil, but is among the lowest cost providers of power in the country. It has aggressive expansion plans and a juicy 6.8% dividend yield, he said.

Cemig, Brazil's largest utility in Brazil, is suprisingly shareholder friendly despite being under government control, he said. The company is beginning a re-pricing cycle in 2010, which will reset power generation contracts and likely mean higher rates and more profits for Cemig, he added. The company also sports a 5.9% yield.

Time Warner's Rebirth

After eight long, grueling years,

Time Warner

(TWX)

is back, Cramer said.

He said that under the leadership of CEO Jeff Bewkes, Time Warner is finally turning itself around.

Cramer said ever since the AOL merger in 2001, a deal that lost shareholders over $120 billion in value, Time Warner has simply been adrift, lost without a cause. That was however, until Bewkes took the reigns at the beginning of 2008. Bewkes' strategy of "focusing on what works" is working, he said.

Since taking over, Bewkes has spun off Time Warner's cable properties and is set to jettison AOL as well. The remaining company will a pure play on entertainment, said Cramer, a concept analysts and investors can finally understand.

Cramer said Time Warner's cable properties, including names like HBO, Cinemax, TNT and CNN, are all doing well, producing content that pays for itself over and over again. The company's film division is also performing and is focused on producing fewer films at lower costs.

Time Warner's only downside is its publishing business, said Cramer. While brands like

Sports Illustrated

,

Time

, and

People

are iconic, their declining subscription and advertising revenue are a drag on earnings. But Cramer said the company is focused on its more promising areas while it rethinks its publishing options.

Cramer sees Time Warner shares reaching $32 to $34 a share once AOL is gone and investors once again begin to realize the value of this media giant.

Mad Mail

Cramer told a viewer that

JCPenney

(JCP) - Get Report

is a retailer that's lost its way, although its stock is cheap at current levels.

Cramer told a second viewer that while

Electronic Arts

( ERTS)is an "OK" stock, he doesn't like the video game business nor its outlook. He told a final viewer that

Darling International

(DAR) - Get Report

is a dead stock. He said "don't look back."

Lightning Round

Cramer was bullish on

Buckle

(BKE) - Get Report

,

Teco Energy

(TE)

,

Walt Disney

(DIS) - Get Report

,

MasTec

(MTZ) - Get Report

,

Quanta Services

(PWR) - Get Report

,

Dow Chemical

(DOW) - Get Report

,

PPG Industries

(PPG) - Get Report

and

Wynn Resorts

(WYNN) - Get Report

.

He was bearish on

Carnival

(CCL) - Get Report

,

Ford Motor

(F) - Get Report

,

Las Vegas Sands

(LVS) - Get Report

and

MGM Mirage

(MGM) - Get Report

.

-- Written by Scott Rutt in Washington

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.

At the time of publication, Cramer was long Wells Fargo, Bank of America.

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.