Cramer's 'Mad Money' Recap: April 2

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"There is no doubt, the depression is over," an elated Jim Cramer told the viewers of his "Mad Money" TV show Thursday. "But the recession is still here to stay."

Cramer explained that the definition of a bull market is any 20% or greater move off the bottom, and after today's 216-point rally, "we're in the land of a thousand bull dances."

Cramer delved into history to explained that the recession started in August, 2007, as the housing market collapsed, but the depression didn't start until the euthanasia of Lehman Brothers in September, 2008. It's that depression, said Cramer, that is now over.

With a coordinated effort from the federal government, there's no turning back, he said. President Barack Obama is now speaking positively of the stock market, a complete 180-degree turn from just months ago. Ben Bernanke is cutting rates and taking steps to save the economy by any means necessary. And Treasury Secretary Tim Geithner is dead set on pumping money into the system and unfreezing the frozen credit markets.

Cramer said he's not a buyer with the markets up big today and a horrible unemployment number likely Friday. But, he said, on any pullback, it's "buy, buy, buy."

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