NEW YORK ( TheStreet) - "This market's run out of gas," Jim Cramer told the viewers of his "Mad Money" TV show Monday. He said regardless of what happens with the rest of earnings season, the market is getting ready to take a breather. According to Cramer, there's only one explanation for why great earnings from companies like Corning ( GLW), Verizon ( VZ) and Honeywell ( HON), a stock which Cramer owns for his charitable trust,
Cramer's Capitalist ManifestoWhat's the formula for bringing jobs back to America? Cramer outlined his "Capitalist Manifesto," an eight-point plan that he said you won't hear anywhere else. 1. Embrace natural gas: Create a network of natural gas pipelines and subsidize natural gas vehicles. 2. Build infrastructure: Rebuild everything, from roads and bridges to waterways and runways. Put some serious money back into our country. 3. Fix healthcare: The government needs to create three nationally competing healthcare providers and subsidize all of them to increase competition and bring down prices. 4. Bring home the troops: Reduce the number of troops in countries like Germany, Japan and South Korea and put the Corp of Engineers to work at home. 5. Pay a bounty: Pay companies a bounty for every American they hire. 6. Serious solar: Get serious about solar energy and subsidize a solar panel for every home. 7. Build high-speed trains: Just about every other country has one, and they create jobs. Build a high-speed line from Maine to Florida and another across the country. 8. Stop pushing card-check unions: No company want to hire with the threat of unions looming. The economy just can't take the hit right now.
Tech RallyWhat's the takeaway from the Nasdaq's record setting 12-day winning streak? Cramer said if history is your guide, it's a multi-year tech rally! Cramer compared the index's recent run with similar moves in 1992 and 1996. He said each of these multi-year moves started with new secular growth trends, and a big 11-day plus rally. Cramer said in 1992, the tech rally was sparked by the notion of a computer on every desk. Lead by Microsoft ( MSFT) and Intel ( INTL), Cramer said the 13-day rally saw a gain of 13%, but continued for a 27.7% gain two years later. In 1996, the Internet was becoming all the rage, with hot IPOs from companies like Netscape and Yahoo! ( YHOO). The Nasdaq's 11-day rally then saw a gain of 7%, but then continued to see it up 37% just one year later. Cramer said the same thing is happening today, as the mobile Internet and smartphone revolution is upon us. He said the recent 12-day rally that ended last week saw the average up 13%, but he expects this is just the beginning. Cramer remained bullish on companies like Apple ( AAPL), along with Research In Motion ( RIMM) and component maker Qualcomm ( QCOM), a stock which Cramer owns for his charitable trust,