Cramer: It's Time to Stay the Course

On Monday, Cramer refuted the "litany of woe" that's said to plague the markets.

The "Mad Money" host doesn't think gold, for example, is peaking. After all, he's heard that argument for years. During that time, he said gold has been the "best performing asset on earth." Even after its recent move higher, the precious metal is still under represented in both retail and institutional investors. Until that changes, he's bullish on gold.

Speaking of commodities, Cramer thinks oil should have peaked already. He noted that turmoil in the oil-producing parts of the Middle East have slowed down. Oil prices continue to go up because hedge funds won't let it go down. Plus, demand is strong and it's not easy to up the supply.

When it comes to grains, Cramer doesn't think prices will fall in the near future. A global food shortage is being caused by the middle classification of the developing world. Hedge funds are taking note and in turn, buying grains.

"What about China's impending crash landing? Come on," Cramer said. "Why bet against China? Been wrong for decades! Best run economy in the world and soft landing coming."

Back in the U.S., Cramer said earnings reports have been great so far. International companies, like DuPont and IBM , have been able to pass on higher raw costs and beat estimates. Meanwhile, the U.S. dollar continues to fall, making U.S. goods less expensive and essentially boosting exports.

High-flying stocks haven't peaked either, Cramer said. Stocks in several different sectors have hit 52-week highs, he noted. Investors should identify where the high-growth stocks are and invest in that area, he said. Sometimes, the growth switches from one company to another. Chipotle stalls out, for example, and Panera takes over. Amazon settles down and then OpenTable soars. Cramer doesn't think this pattern is bound to slow down in the foreseeable future.

While all of these positives are great, Cramer doesn't like everything, though. He's not too excited about the banks, computer stocks or drug companies. Still, he doesn't think those who are calling the top right now are correct. The way he sees it, there's nothing on his radar screen suggesting a major change. So he thinks investors should "stay the course."

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