Cramer explains what helped the averages climb on Thursday.
November housing starts rate is the highest since April 2010. Does that signal improvement for the housing market? Oliver Chang, Morgan Stanley head of U.S. housing strategy, says he's bullish on the single and multi-family rentals market, and "cautiously optimistic" on the distressed housing market.
Shares of Schnitzer Steel are getting slammed today after the company reported they expect Q1 results to be lower than outlook. Also, gold is hurting to hold onto early gains and US homebuilders confidence rose for the third consecutive month today. CNBC's Fast Money traders and Dan Dicker, Merblock president weigh in.