Without it, Cramer said, “2010 was going to go away for us.”
Now there’s less need for the government to prop up the economy, Cramer said. Nor should we worry about “a permanent corporate socialism.”
While some on Wall Street expect the Federal Reserve to tighten interest rates in response to the economy’s apparent turn, Cramer’s not concerned with that – yet. A federal funds rate between 1% and 3% indicates a certain amount of health in the system, he said, and he won’t consider selling stocks until rates are over 3%.
“That’s when I’ll get worried,” Cramer said.
But for now, the Mad Money host is taking today’s announcement for what it is – good news. And not just for him, but also for companies like Intel , Microsoft , Bank of America and the retailers. BofA just raised $19 billion in an equity offering, something that would have been virtually impossible a year ago.
Lastly, to give investors a stock play that’s unaffected by unemployment, Cramer recommended Marvell Technology and Akamai Technologies . Marvell on Friday reported a strong quarter, while Citi Investment Research upgraded Akamai. Cramer likes the companies because of the increasing popularity of online streaming video.
The secular growth from these two companies, Cramer said, “is really pretty good.”
Cramer's charitable trust owns Bank of America.
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