Enough with the bears and their "parade of horribles," Cramer said on Monday's "Mad Money." He has a host of game-changing, positive news to put to bed the bear's "daily fret and woe lead stories."
First, the Republicans suggested they might compromise on tax credits, so that the "rich don't get richer and the middle class wins some tax break extensions." That spirit of compromise might also infuse all of the pro-business proposals that President Obama has rolled out, especially the incentives for capital spending. That lifts uncertainty over pending regulation, Cramer said. This is a positive, he said, because if we don't have to fear the Democrats, we don't have to fear the upcoming election as much either.
More uncertainty has been put to rest with the Basel III agreement and its effect on international financial regulations. Cramer thinks its a non-event for US banks because most have raised huge amounts of equity thanks for Treasury Secretary Timothy Geithner. Furthermore, these rules are expected to go into affect six years from now and given the earnings picture, Cramer doesn't think it's a worry. With less uncertainty surrounding the banking industry around the world, there is less new equity issuance than some expected and so the banks can finally bottom. When that happens, Cramer thinks financial stocks will come roaring back.
Third, the European Union predicts its economy will grow fast than expected. Cramer thinks that's good news for US companies with European exposure.
Lastly, China has clearly engineered the soft landing it had planned and can now move forward with double-digit growth, Cramer said. That growth is good for the auto industry, as well as the travel and leisure group. Cramer recommends looking at Wynn and Las Vegas Sands because they have the most exposure to Chinese gambling. He would also look at some machinery and mineral companies, like Bucyrus , Joy Global , Caterpillar and Freeport McMoRan .
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