Jim Cramer saw investors reaching to growth where ever they could find it on Thursday. And sometimes when the market gets desperate for growth, stocks that one would least expect to make a comeback will rally.
However, based on the action happening around the globe recently, Cramer wasn't surprised that investors reached for growth. First the Fed decided not to raise rates, then China produced weak numbers, major industrials confirmed slowing business, housing weakened and job creation in energy came to a stop.
The coup de grace came on Wednesday when Wal-Mart, the world's largest retailer, announced disappointing sales and earnings forecast.
"You put all these together and you get something that we have seen happen time and again in periods of economic softness: buyers cut loose from the industrials and they go for the gusto, they return to growth," the "Mad Money" host said.