Cramer's 'Mad Money': Tide Is Turning

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It's not necessary to wait for the all clear to sound to know that things are getting better now, Jim Cramer told the viewers of his "Mad Money" TV show Thursday.

He said the markets are changing, but the bears don't want to listen.

Cramer said the news from Wells Fargo ( WFC), a stock which he owns for his charitable trust, Action Alerts PLUS , of much better-than-expected earnings is game changing. He said no longer can the bears deny the fact that banking can be a massively profitable business.

How did Wells Fargo pull off a win in the middle of Armageddon? Cramer said the answer is simple: The housing market is bottoming. People are lining up to get mortgages and taking advantage of record low rates, and Wells Fargo is now one of the dominant players. And if that weren't enough, the company is also poised to begin buying up zombie banks and selling off the bad parts to the U.S. Treasury.

Cramer said on the heels of this great news, he's also bullish on JPMorgan Chase ( JPM), another Action Alerts Plus name, along with Bank Of America ( BAC), which also might be in much better shape than people believe.

Cramer said the bears are wrong, and there are just too many positive signs in the market signaling a turn in the economy. From restaurants like Darden ( DRI) to appliance companies like Whirlpool ( WHR), you don't have to be wearing rose-colored glasses to see that things are better than they were before.

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