Now, the amazing thing, of course, is the view that the world's situation has changed for the better since the forecasts. Obviously it hasn't. But Boeing has since talked about some very big contract wins and 3M was good to begin with and there really wasn't anything other than an ephemeral warning.

[Read: Gen Y: A Lost Generation of Investors]

Now the smoke is clearing and people are circling back to what's really been trashed. Candidly, I didn't believe the optimism could transpire so quickly. But the three-fold combination of a steady, hang-in-there Janet Yellen, a later date for Obamacare and the apparent possibility of a debt agreement are bringing a happy-days-are-here-again perspective that is infecting all!

At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, was long AAPL, CMI, GOOG and HON.

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