Hey, I'm Kramer.

Welcome to MADMoney. Welcome to Kramer.

I'll be my friends. I'm just trying to make you a little money.

My job is not just to entertain, but to explain, figure out how days like today can even happen.

So call me, 1-800-, 7443, CNBC.

You'd tweet me at Jim Craver.

The cynics just can't believe what's happening in this market.

They're so used to finding reasons to be bearish

that they're being overrun by positive events.

They are genuinely baffled by the table on this terrific day

with the Dow gained 617 points, as we jumped 0.85%,

and the NASDAQ climbed 0.72%,

with all three averages closing at record highs.

Can these negatives stay baffled?

Will they have to commit, convert, get bullish?

I don't know if they can do it, but they're going to have to,

if they want to stop losing the money that they have under management.

And by the way, keeping assets under management is the name of the game on Wall Street.

Before I get to what happened today, let me go into why it is so hard to convince the pessimists to turn positive.

It's the toughest thing to do.

First, ever since the great crash in 87, the most quotative commentators and

money measures have almost always been bear. Maybe extremely bearish. And of course,

...