>>> the dow gained 337 points on tuesday. its best day of the month. what was behind the surge and will it last? jim cramer is the host of " mad money " on cnbc. he joins us here. jim , good morning.
>> good morning, carl .
>> a lot of explanations for what happened yesterday. there was some decent news out of europe , not bad news out of housing. what do you think happened?
>> i think housing is very important, it's been in the doldrums for such a long time, carl . the idea that we're starting to build more apartments, very strong. lots of jobs created by that kind of building. didn't hurt that europe was off the front page for a few minutes.
>> yeah, your paint has been lately that if you can take europe and make it a second-page story, the strength of the american economy is actually pretty good, relative to other economies.
>> the plumbing getting better, retail sales getting better, auto sales getting better. the stock market -- the dow jones average , best in the world. people forget that we're the only ones up.
>> so days like this, are there more to follow?
>> i think there could be. i think europe is working on a real solution that will make it so things get better which allows us to shine. carl , we are in better shape than almost any economy in the world.
>> let's drill down on housing real quick. best in about a year-and-a-half. people have been waiting for a bottom in housing for a very long time. is this it?
>> i think that 2012 could lead to one. the building that we have seen is apartment complexes, not single-family homes, but at least there's some demand. carl , there has been no demand, despite how low mortgage rates are. this could be a turn.
>> this month alone, monday was the lowest level for the dow for december. tuesday the highest. so are people safe jumping in, if it's going to be this volatile.
>> i think they should wait for the next big decline. they seem to give them to us all of the time. but go with safe stocks with good dividends. don't go for high-flyers. they may be finished for now.
>> 2012 . of do you see any of this crazy roller coaster action smoothing out at all?
>> no. i think that this is the new normal. that said, i keep pointing out that we are stronger than others. that's going to start bringing money to this country from overseas.
>> we should point out, though, you're still very discouraged about europe , the way they have handled their problems, and to a degree, that's going to hold our markets down somewhat, right?
>> every time we hear something negative, we will give up the gains. monday was bad, negative europe . tuesday, off the front page , we go up. it will be ying-yang for all of 2012 , too, until they offer substantive solutions to europe . they're not as smart as we thought.
>> it's still the most instructive i've heard you lately on stocks.
>> housing means a lot to this economy, because it puts people to work. we've got to put people to work, carl . and had is a sign that maybe it's happening.
>> jim , see you back at the office. as a reminder, you can catch jim on " mad money ," weeknights at 6:00 and 11:00 eastern time on
Source: http://video.today.msnbc.msn.com/today/45749369/
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