NEW YORK ( TheStreet) -- "The markets have entered 'get long or be wrong' territory," Jim Cramer told the viewers of his "Mad Money" TV show Tuesday. He said with the S&P 500 now up double digits for the year, professional money managers are pouring money into the markets, pushing stocks higher on even the weakest of days. Cramer said the markets should've opened lower today by all indications. But despite the negative indicators, the bulls raced in yet again and began buying at any sign of weakness. Why? Cramer said the pros can't ignore the averages any longer and have to put their money money to work or risk being left behind.
Canadian PowerCramer unveiled the second in his "Foreign Legion" portfolio of overseas stocks that is designed to offer investors protection from the ailing U.S. economy. Cramer said Canadian pipeline purveyor TransCanada ( TRP) is the next company to qualify for his legion of superior foreign stocks. TransCanada is not only the largest natural gas pipeline company in North America, but it's also the largest private power generator in Canada. Cramer said the company makes money on the flow of energy, not the price of energy, making it a stable place to invest. With a 5% dividend yield and over $2.5 billion in cash, Cramer expects TransCanada to be a solid earner with growth to boot. The company is expanding its pipeline operations and its power generation business adds even more stability to an otherwise volatile industry. He expects the company's dividend to rise even higher as the company continues to deliver increased earnings.
Off the ChartsIn this segment, Cramer went head to head with colleague Dan Fitzpatrick, over the chart of Bank Of America ( BAC - Get Report), a stock which Cramer owns for his charitable trust,