RealMoney Radio: Amazing Market Grace

Cramer believes that it's an incredible time to be invested in Wall Street.
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"This is an incredible time to be invested in Wall Street," Jim Cramer said on his

"RealMoney" radio show Monday.

After being involved in the market for more than 25 years, Cramer said there have only been one or two periods where he's seen the market so worth getting into, as it is now.

It didn't even go down after the Democrats replaced the Republicans, which is "amazing," he said.

Other than the momentum, another reason people should get into the market is earnings, Cramer said, adding that the market had the best earnings season he's seen in seven years.

"Companies just reported their earnings and they shined," he said.

Even

Ingersoll-Rand

(IR) - Get Report

and

Yahoo!

(YHOO)

, which Cramer owns for his charitable trust,

Action Alerts PLUS, went up after reporting "stinker" quarters, he said.

There's always "tremendous buzz" when a company gets acquired in the market and the latest buzz is about

Freeport-McMoRan's

(FCX) - Get Report

acquisition of

Phelps Dodge

(PD) - Get Report

, Cramer told listeners.

By acquiring Phelps Dodge, Freeport should get the copper exposure it needs and Phelps Dodge should in return get the gold exposure it needs, he said, adding he believes this is a "pretty good deal" for both companies.

On a separate note, Cramer called

New York Stock Exchange

(NYX)

, the "cheapest stock," which he believes people should get into.

Additionally,

Lundin Mining

(LMC)

the next copper stock market players should buy.

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.

At the time of publication, Cramer was long Yahoo!.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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