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This is not a bear market rally, Jim Cramer emphatically told viewers of his "Mad Money" TV show Monday.

Unless investors are living in an alternative universe, he said, the question they should be asking is "how strong is this bull?"

Cramer pointed out that despite the nonsense and skepticism from just about everyone in the media, the Nasdaq is up 17% from its lows. "That's not a bear market," he said. He rattled off a laundry list of Nasdaq names that are clearly in bull- market mode.


(AAPL) - Get Report

, for example, is up 69% for the year, and that was before today's announcement of a new iPhone.


(GOOG) - Get Report

, is up 43% as the Web continues to take advertising market share from newspapers. Meanwhile,

(AMZN) - Get Report

is up 68% on continued strong sales.

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Cramer said


(CSCO) - Get Report

, a stock which he owns for his charitable trust,

Action Alerts PLUS, is up 28% year to date. Other tech bellwethers include

Research In Motion


, up 102%, and


(QCOM) - Get Report

, up 25%.

Non-tech stocks are also doing well, he said.

Express Scripts


is up 17% for the year and

Joy Global


is up 74% on strong growth from China.

Cramer said when even the laggards, like


(INTC) - Get Report

, are still up 8%, it becomes painfully clear that this is no bear market.

A Speculative Tech Play

Cramer said he's still finding great speculative tech stocks that are ready to run with this rally. He recommend network infrastructure equipment maker

ADC Telecomm

(ADCT) - Get Report

as a play on both increased U.S. demand for the company's products and strength from China.

Cramer explained that ADC's products are the backbone of broadband networks, the kind that


(T) - Get Report



(VZ) - Get Report

have once again begun investing millions of dollars into.

With AT&T and Verizon each accounting for 20% of the company's sales, spending from these two giants moves the needle a lot for ADC, said Cramer.

ADC also benefits from the Chinese stimulus package, which earmarked $40 billion for wireless infrastructure. The company reported that sales in the region doubled in it's most recent quarter, which delivered 5 cents a share versus Wall Street estimates for just a penny. Cramer also said ADC delivered its upside surprise on strong sales, not cost cutting measures.

With $514 million in cash on its book, Cramer said the balance sheet for ADC is looking good, and he'd be a buyer of the stock using all of his customary speculative stock caveats such as using limit orders and not trading after hours.

Free Money

"The market is giving away free money," Cramer told viewers. He said investors need to own real estate investment trust

Boston Properties

(BXP) - Get Report

if they want to cash in.

Cramer explained that of the 20 REITs over $500 million in value that have issued secondary offerings recently, 10 are up 10% or more, with only six trending lower, and even those are only slightly. He said the trend is clearly up for these stocks, and now is the perfect time to get in, with Boston Properties just offering 15 million shares at $50 a share.

According to Cramer, diversified REITs, like Boston Properties, are safe bets. The company has made smart choices and isn't going out of business anytime soon. Boston Properties also offers a juicy 5.4% dividend, and Cramer said even if that dividend is cut, which has been rumored, the company would still yield 4%.

With 44% of Boston Properties' revenue coming from high-profile properties in Manhattan, Cramer said he's a buyer.

Mad Mail

Cramer added C. Dowd Ritter, CEO of

Regions Financial

(RF) - Get Report

, to his Wall of Shame list of the worst CEOs based, in part, by a viewer suggestion.

Since taking over as CEO on Nov. 6, 2006, Regions' stock has fallen 89% to just $4.07 a share under Ritter's leadership. While banking has been no walk in the park, said Cramer, other large southern banks, like


(BBT) - Get Report

, are down half that amount.

Lightning Round

Cramer was bullish on

Nordic American Tanker

(NAT) - Get Report





Consolidated Edison

(ED) - Get Report



(BA) - Get Report


Otter Tail

(OTTR) - Get Report


He was bearish on

Comtech Group




(AVAV) - Get Report


Callaway Golf

(ELY) - Get Report


Fortune Brands


TeleCommunication Systems



Southwest Airlines

(LUV) - Get Report


"Check out

"'Fast Money'Portfolios of the Week" on Stockpickr every Thursday.

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At the time of publication, Cramer was long Cisco.

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."

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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.