The bull has been waiting on the sidelines all year, and it has finally arrived. Jim Cramer sees things going right all around him, which is how the Dow and the S&P have both rallied to record levels recently. In fact, he was so excited that Cramer even did his best impression of Janet Yellen on the show—it was not to be missed.
The market smells like a bull, and it sure is acting like a bull. Sure enough, Cramer says it is a bull!
"In a bull market things go right. That's just what happens. Worries get squashed, objections get rebutted and fears are quelled," said Cramer.
Take this textbook bull case: Cracker Barrel. Last week, Cramer said that Cracker Barrel would blow away the numbers because lower gas prices have turned consumers to traveling by car. Cracker's link to the interstate highway system would give them a unique advantage.
Sure enough, it rocked the quarter, citing the benefit of serving as a convenient place to stop for travelers.
Then there was the Fed Chief Janet Yellen on Tuesday. Previously, investors would have waited and held their breath for the Fed to drop big news and cause the market to violently swing. But Yellen? She was a different story.
Cramer saw that Yellen came, said nothing, and conquered. "Believe me, that only happens when the bullish stars are aligned and Ursa Major gets obliterated by Taurus."
So when things go right in a bull market, stocks go up. And when they don't go right, investors find reasons to cheer and buy stocks anyways.