"I often declare to people out there that I'm bullish in this market and that there is a way to make money whether it's an up or down day," Jim Cramer told listeners of his
"RealMoney" radio show Tuesday.
However, he said, there's a flipside to all this. There are people "who want the market to be negative so they can win," Cramer said. "We call these people the bears."
But as of late, the bears have been quiet. This is because if things were so bad in housing, and if the consumer were suffering from higher rents, lower salaries and huge discretionary spending being trashed by higher oil prices, "don't you think we would see more defaults and little businesses walking away from loans?" Cramer asked.
The fact of the matter is, "we haven't seen this," Cramer said. And for once the newspapers haven't been burying the strength of the consumer.
A lot of people signed up for credit cards this year, and Cramer said that if he were a bear, he would portray this as "dangerous" and point out how consumers are borrowing too much.
Cramer also said he would point out that when credit borrowers realize that the value of their homes is plummeting, they would default on their cards and "cause loan losses to soar."
The bottom line is, the financial group could not be healthier at this stage in the cycle, Cramer said.
"There are tons of bears out there that think it's prudent to keep you out of the market. But I believe it's prudent to stay in and reckless to stay out," he said.
have seen "amazing gains" this year, Cramer said.
There hasn't been a week when these two stocks have not "rolled higher," he said. "These are stocks that never seem to come in or go down."
While market players kept hearing how AT&T and Comcast were going to "kill each other's gross margins" and how "these telco cable wars were going to destroy the stocks," they keep reaching the 52-week highs week after week, Cramer said.
Not only have these companies bought back "tremendous amount of stock," but also, "consolidation in both industries -- cable and telephone -- has led to a more benign pricing environment," Cramer said.
Comcast offers the triple play of Internet, cable and telephone, which is "something people want." And, AT&T can offer a cell-phone play that is "for once, in great shape for profitability now that there are only a handful of cell phone players," Cramer said.
AT&T and Comcast are both going higher, he said.
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.
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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