"This market loves to change its stripes," noted Cramer. And they're changing right now.
Cramer thinks that money is about to rotate in a big way.
And he sees it going into Internet stocks after Facebook results completely transformed the landscape
The Catalyst For Rotation
"Facebook delivered one of the most amazing quarters I have ever seen," Cramer exclaimed with customary enthusiasm. "After Facebook reported earlier this week, the company emerged, in one fell swoop, as the new king of mobile, of social and of the cloud."
Cramer called that the 'Holy Trinity' of Internet.
"Given that Facebook doesn't have to pay for content and that advertisements can be tailored to the customer, you are seeing consumer product companies and local businesses throw money at Facebook," Cramer added.
Cramer has long been an advocate of holding Facebook and he believes the latest results confirm his outlook and more.
"I expect the results to ignite the whole social media cohort," Cramer said, as investors bet on other companies that could also begin to harness the promise of new media.