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Cramer: It’s an ‘accentuate the positive’ market

(Click for video linked to a searchable transcript of this Mad Money segment)

Know that Johnny Mercer song, "Accentuate the Positive?" Jim Cramer thinks you should if you're trying to make money in this market.

The refrain goes something like this:
You've got to accentuate the positive
Eliminate the negative
And latch on to the affirmative
Don't mess with Mister In-Between

Cramer believes the song captures the tone of the current bull market.

Yagi Studio | Taxi | Getty Images

"Just consider all the Dow stocks that blew it when they reported yet they've rallied nonetheless," Cramer said.

"Perhaps the most disappointing stock in the Dow has been Caterpillar. It missed the numbers and guided down big-time," he said.

Although shares slipped, the stock didn't sell-off significantly. Cramer believes the lack of any meaningful sell-off speaks to the underlying bullish tone in the market.

Pros are just afraid to sell.

He says the same phenomenon is driving McDonald's. "They reported disappointing sales. Well guess what? The stock is now up five, from $94 to $99, since it reported the existential crisis quarter."

The "Mad Money" host believes relatively good price action in Wal-Mart, Chevron and Visa are more examples of the same phenomenon.

Again, shares are advancing despite lackluster earnings. The takeaway - pros are afraid to sell.

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It's a phenomenon that Cramer thinks should inform your decisions as you look for new places to put money to work.

"Healthy bull markets ignore bad news and focus on good news," he said, because pros fear getting left behind.

"It colors everything," he said. Therefore, in an otherwise uneventful market, Cramer expects the Street to continue to 'accentuate the positive' and drive stocks even higher.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com

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