It was just 10 days ago when it seemed to Jim Cramer that the world was falling apart, and there was intense pressure to sell everything and buy Treasurys. Now, that panic seems to have faded away with Monday's production of a terrific rally.
So what the heck happened that made things better?
While the primary catalyst in Cramer's opinion was oil and futures, there was another factor that he thinks is being overlooked by everyone.
"Bernie Sanders looks like a paper tiger. I swear the media made this guy seem like a bona fide candidate for the Democratic nomination, but suddenly with a small loss in Nevada he is buried alive," the "Mad Money" host said.
It was also confirmed that Honeywell was in talks to purchase United Technologies, to dominate the aerospace and climate control space. While Cramer thinks this idea is brilliant, he did not know if the deal could ever be compensated because of antitrust issues.
However Cramer did speculate that Honeywell's discussions could reveal that the big capitalization cyclicals are dramatically undervalued in the market.
So even if both presidential candidates claim not to be a friend on Wall Street, Cramer interpreted the combination of two pro-business candidates emerging, oil rising, earnings forgiveness, a Chinese story that hasn't become more negative and increased M&A activity as the reason for stocks suddenly turning around.