Cramer Says Wake Up Or Get Swept Away

CNBC's Mad Money Jim Cramer warned people who are shorting Palm (NASDAQ: PALM) to wake up or be swept away by internet mobile tsunami.

He also said that Caterpillar (NTSE: CAT) is a global recovery stock and weak dollar will do great things for its earnings.

Palm (PALM) had another great trading session, jumping 7.24%. The stock reached its 52 week high of $17.50 during the day. Caterpillar (CAT) added 3.58% to reach $54.34, and during the day it also reached its one year high with $54.43.