Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
Cramer explained this negativity is coming at us from four different directions -- continued weakness in China; the Federal Reserve turning from friend to foe; talk of "peaks" in the auto, housing and cell phone markets; and, of course, the oil glut.
But despite all those negatives, and a weak open for the markets, the facts proved investors wrong. For one thing, it finally got cold outside, which sent oil higher and buoyed retailers stocked to the brim with winter apparel. Consumer packaged goods stocks also headed higher, as did Eli Lilly (LLY) in the pharma sector.
Indeed, the bulls snatched the day right from the bear's mouth, Cramer concluded. That bodes well given how many investors had seemingly written off 2016 before it even began.
Cramer's Top 5
Are the top S&P 500 sweethearts from 2015 also the darlings of 2016? Cramer examined the top five performers.
Netflix (NFLX) was the biggest winner in 2015, up 129%, and Cramer said this company, along with number two Amazon.com (AMZN) , up 119%, are momentum names that don't play be the same rules as other stocks. These companies have growth and lots of it.
Next on the list was Activision Blizzard (ATVI) , up 92%, and graphics chip maker Nvidia (NVDA) , up 63% for 2015. Cramer said Activision is fueled by great games and its acquisition of King Digital, while Nvidia is riding on the success of several gaming platforms.
Fifth on the S&P list was Cablevision (CVC) , up 54%, but since those gains came on the heels of a takeover, Cramer went with number six, Hormel Foods (HRL) , also up 54%. Hormel soared in 2015 thanks to smart acquisitions.
Cramer said he'd still be a buyer of any of these names, but only on further market-induced weakness.