"Holy cow! When I got in this racket the Dow was at 800! And to think that I was told we would never get to 1,000 in my lifetime back then. Wrong!" the "Mad Money" host said.
Typically when you have great news for the U.S. economy—such as Friday when it was announced that the country created 321,000 jobs—there is a quick burst in the averages and then they slide back down as investors fear that the Federal Reserve is about to raise rates. Instead, there was another rotation out of high yield and defensive stocks and into banks and companies that benefit from low oil prices.
Now that the employment numbers have been announced, the market is finally free of the last bad event on the calendar for the year. It's time to breathe a sigh of relief.
Yes, Cramer knows there are still a few larger events that could arise. There are a few Republicans looking for a fight that could hurt business, and Vladimir Putin could peek his head into the market when we least expect it to stir trouble.
"Only a brain dead investor would decide that we don't have to worry about being blindsided by world events, particularly when the Russian bear, Vlad Putin, wants to export his ursine ways to any country's stock market that will take them."
Otherwise, it's clear sailing until the end of the year. So it's time to have positive chatter and highlight opportunities for the upcoming week: