Cramer said "GOP's Cantor, Looking Past Politics of Debt", on the front page of the New York Times may be the single most important story about the stock market today.
"Here's a piece where a prominent Republican leader has heard the catcalls, chiefly from the big business CEOs who've supported him, that it's time to move on, to be less obstructionist, more reasonable, less about arguing, more about building," Cramer said.
This is the kind of story Cramer has been waiting for.
"It suggests Republicans finally feel the heat from big business and they'll stop hurting our stock market (by refusing to negotiate with Democrats). It's a new development and it's meaningful. This story tells me, 'Jim, take Washington off the front pages for a while, and let the market run. Stop worrying about sequestration and start worrying about which companies are going to do better.'"
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Cramer also thinks developments in immigration bode well for the market – a story carried by almost every major newspaper, though not on the front page.
"I think that the top in housing was caused, in part, by a crackdown on immigration that required documentation for home buyers. When you lost that stream of hard-working homebuyers without papers, you lost a huge number of customers. There's been lots of talk about what can continue to power homebuilding in this country. I'll tell you what: a pathway to citizenship, as the New York Times says, for 11 million illegal immigrants, precisely the group that had been taken out of the market," said Cramer.
Cramer is also keenly watching developments involving energy. And he likes what he sees. The FT reports that "US gas flaring is visible from space."
On the surface that might seem negative but dig down and Cramer said the takeway is that we are burning more natural gas than ever as we work quickly to become energy self-sufficient.
"The oil and nat gas finds in the US are one of the most bullish catalysts to have emerged in quite some time," said Cramer. "Can you imagine the number of jobs this boom will create down the road?"
Because of these and similar stories buried deep in our nation's papers, Cramer isn't concerned that the superlative headlines ring of the top.
"Read through the headlines," Cramer said. "This isn't the time to play the kneejerk contrarian game. There are too many important developments that make it reasonable to conclude that maybe the market should be taking out the old highs. I think the news is worthy of a gigantic advance, one that's only just beginning."
