I was watching Jim Cramer’s show on CNBC last Tuesday and I thought I was just drowsy from my colds medication when I heard the television say that the market has bottomed. I frankly shunned the statement away until a while ago when I was browsing CNBC for market leads.

Jim Cramer told his viewers in CNBC’s mad money that the market has bottomed. He made such a call because of what he called a market capitulation. According to him, the Investors Intelligence Survey reported a 30% bull-50% bear ratio. He then proceeded to ask on who is left to sell.

Also, plenty of couples have proved through recent earnings reports that they’ve been able to handle the commodity inflation that plagued the market for so long. Oil is fading; Gold is following the trend too.

Meanwhile, the Securities and Exchange Commission announced that it would continue to protect 19 banks being vulnerable to short-selling by Hedge Funds. This is vital because, as Cramer said, it’s this protection that allowed for the Merrill deals to happen. Now other banks are safe to proceed with their own deals, and the market rally can continue.

“My bottom call isn’t gutsy,” Cramer said. “I think it’s just a smart call that all the evidence points toward.”

“Bye, bye bear market,” he said. “Say hello to the bull and don’t let the door hit you on the way out.”