Cramer Last Night

Cramer went all out -- on a limb, that is -- with his huge call that the rally is on and the bottom is in in the stock market.

Tellingly, he said he was buying a house, signalling the end of the housing slide.

His take on the fact that the market cratered after the initial surge after Bernanke's 50 point cut, is "that's just my Wall Street buddies having their fun."

Cramer is so good that you have to want to believe. Frankly, I cannot think of a major "call" of his that was wrong. I do think he thought that the subprime thing was going to be small potatoes, but he quickly changed on this, i.e. with a couple of days.

On natural gas he doesn't have the feel. He forgets about the power of storage, making natural gas hard to game.