How can Cramer be so sure?

I used to follow Cramer, even got a book or two by him. He is a crazy guy.

Today he announced that housing has officially bottomed.

What does a bottom look like? It’s the combination of ramping sales, and sales in certain areas are up ten times those of last year, and an end to falling prices. That’s exactly what we’ve seen for the past three months, Cramer said.

Watch the recap: