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NEW YORK ( TheStreet) -- The bears are complacent, not the market, Jim Cramer told the viewers of his "Mad Money" TV show Wednesday.

"Investors have their eye wide open," explained Cramer, "and they like what they see." The bears on the other hand are the complacent ones shrugging off the good news.

With so much good news happening, Cramer said its easy to see why investors are getting excited. There are companies like PPG ( PPG) which astounded Wall Street with an 18% earnings beat. Then there's the Cephalon ( CEPH) takeover and the GSI Commerce ( GSIC) acquisition by Ebay ( EBAY).

But that's not all. Cramer said the IPO of Qihoo ( QIHU), the Chinese equivalent of Twitter, rose a stellar 134%, even more than he predicted last Friday.

On the political front, President Obama is talking about energy independence and using American natural gas. There's also chatter about loosening some of the Dodd-Frank legislation that has been crippling the banks.

And finally, there is Japan, most of which is now gearing up for a major reconstruction, one that will help pick up the economic slack from China, which is still fighting to slow that country's economic engine.

With all of this good news happening, Cramer said its the bears who are ignoring the facts, sticking with the stories of a few weeks ago, rather than the promise of tomorrow. The smart money, however, is on tomorrow.

Speculative Gold Play

In the "Executive Decision" segment, Cramer spoke with Jeff Pontius, CEO of International Tower Hill Mines ( THM), a little-known, up-and-coming gold miner with a market cap of just $800 million. International Tower Hill's Livengood project in Alaska is set to begin production in 2016.

Pontius explained that gold mining is a difficult business that takes a very talented team to navigate the many permits and government requirements needed to get a mine off the ground. However, despite the difficulties, Pontius said the government is simply doing its job in protecting the environment, and he's happy to go through the process.

International Tower Hill is currently valued as an exploration company, said Pontius, which values the company's reserves at just $50 an ounce. "There's still a lot of upside," said Pontius, who compared his company's value to that of emerging producers who are farther along in their projects.

Pontius confirmed that International Tower Hill will need to raise more capital as the Livengood project continues, but reminded investors that they're still getting in on the ground floor of a great opportunity. He said that Livengood is a new discovery, adding that his industry is making fewer and fewer finds like this one, especially in secure areas like Alaska.

Cramer said he liked International Tower Hill Mines as a speculative way to play the continued strength in gold.

Emerging Market Growth

In an encore "Executive Decision" segment, Cramer spoke with Glen Tellock, chairman, president and CEO of Manitowoc ( MTW), a company whose stock is up 63%, since it reported blowout quarterly results.

Tellock said that emerging market growth is driving Manitowoc's crane business, which makes up nearly 40% of the company's sales. He said that it's still too early to determine how the tragedy in Japan may benefit his business, but he does see long-term growth coming from Japan.

Turning to the company's red hot food service business, Tellock said that menu expansion and the desire to provide faster service and better products is what's driving that side of the business.

He said the company's new products are growing by 5% to 6% a year and are taking share from competitors. When a company like Starbucks ( SBUX), for example, expands from just coffee to breakfast items and hot sandwiches, it needs chilled displays and quick serve ovens, he explained.

When asked why a crane company and a food service company are under one roof, Tellock said that there are a lot of unseen synergies between the two ventures, especially in the areas of people and long-range planning.

Finally, when asked about the company's balance sheet, Tellock said Manitowoc's bond offerings last year took a lot of the risk off the balance sheet and he feels good about the company's financial position.

Cramer said Manitowoc is a great story, and he's hoping for a pullback in the stock to get in at a good level.

Strong Global Sales

In a third interview, Cramer once again spoke with Chuck Bunch, chairman and CEO of PPG ( PPG), on the heels of the company's blowout earnings release.

Bunch said that PPG's business in Europe, while still patchy, has been strong, especially on the industrial side of their business. He said that sales in Russia and Germany have been especially strong, as are the auto markets in Asia and Latin America. North America, which now accounts for only 45% of PPG sales, was also recovering, said Bunch.

When asked about rising costs, Bunch explained that PPG was able to maintain competitive margins without raising prices, thanks to cost-cutting efforts. The company is also increasing its hedging efforts regarding natural gas to help lock in "very nice" levels, said Bunch.

Bunch also noted that PPG has been very committed to returning capital to shareholders, and that he and PPG's board of directors will be discussing the company's dividend at their next meeting.

Cramer called PPG another American success story, and one he'd be happy to invest in.

Lightning Round

Cramer was bullish on Capital Gold Corp ( CGC), BlackRock ( BLK), T. Rowe Price ( TROW), EOG Resources ( EOG), Limelight Networks ( LLNW), MarkWest Energy Partners ( MWE) and Energy Transfer Partners ( ETP).

He was bearish on Extra Space Storage ( EXR).

Closing Comments

In his "No Huddle Offense" segment, Cramer said he's skeptical over President Obama's energy independence remarks endorsing natural gas.

The only thing that really matters in the natural gas market is converting diesel trucks to the cleaner burning, domestic fuel, said Cramer. That act alone would cut oil imports by 25% in just two years. But to do it, subsidies are needed, and that takes Congress and the president to act, not talk.

So until legislation is actually passed, Cramer said Obama's natural gas plan is just full of hot air.

--Written by Scott Rutt in Washington, D.C.

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At the time of publication, Cramer was not long any stock mentioned.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

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