Secrets Revealed in the 52-Week High List

The 52-week high list has been telling a much different story than all the doom-and-gloom prognosticators of an impending double dip, Cramer said during Wednesday’s “Mad Money,”

Recently, there have been as many as 25 separate industries represented on that list, a stark contrast to less than a month ago when only three groups were represented. And when so many different kinds of stocks are hitting their highs, Cramer said, that is “fabulously bullish.”

Where once just utilities, recession plays and takeover speculation stocks ruled the 52-week roster, now there are sectors as varied as agriculture, food and beverage, oil services, technology, apparel, railroads, machinery, restaurants, phones, beer, truck engines, chemicals, auto parts, packaging, drugs and soft goods.

Who’s among the winners? Everyone from Deere and Kraft to VMware and DuPont to Clorox and Berkshire Hathaway . Click here for the full list.

Cramer uses this list to gauge the economy’s health, and by the looks of it, things look good. Certainly with sectors like the restaurants, apparel, machinery, truck engines and tech doing well, we can brush off any further talk of that dreaded double dip. When even Travelzoo makes the cut, the naysayers have to take notice. And whether or not it’s a discount travel site is irrelevant. The point is that people are traveling at all.

This wide selection of stocks at their 52-week highs means that we are in a broader, safer market. Unlike 2000 when tech reigned, or 2007 when emerging markets ruled, many different market actors are playing their part, and that should lend confidence to weary investors.

“The market is always forecasting the future of the economy,” Cramer said, “and you simply cannot have all of these stocks soaring if those pessimistic stories are accurate prognostications of what awaits us.”

Worried about statements from CEOs of late, who have sounded much more muted than Cramer did on Wednesday? The “Mad Money” host chalks that up to a new standard operating procedure among business leaders, one where caution is the tone du jour.

“I think it’s become reckless to not sound cautious these days,” Cramer said, “even if you are hitting the ball out of the park.”

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