The Bull Is Back

Cramer's feeling optimistic this morning.
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In this environment, Mr. Dinky would quit his day job!

Yep, this market feels right. We have bears capitulating. We have some guy talking about the market going to 36,000 on television. (I know the guy -- he's legit.) And we have stocks that looked like they were pinned by expiration now busting out (

Intel

(INTC) - Get Report

, to point fingers).

Ah, it's good to be back looking for sellers to let me in. Take

Micron

(MU) - Get Report

. Some friend of Alan Abelson slammed it this weekend in

Barron's

. Create more stock for me to take, I say. DRAM pricing is up, and the stock is right. (

Berko

has convinced me to keep it on.) I smell trapped bear meat.

In the meantime, where the heck did the drug-stock sellers go? I haven't felt so good about a group in months. It has to play catch-up.

Finally, there are

Dell

(DELL) - Get Report

and

Microsoft

(MSFT) - Get Report

. The last one will not go up until Paul Allen is finished with his nuclear selling. But who can wait for that?

Yeah, I'm bullish. No apologies.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Dell, Intel, Micron and Microsoft. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at

jjcletters@thestreet.com.