(Looks like I am not the only one enamored of CSX -- Bank of America raises its price target this a.m.)

Or how about Novellus (NASDAQ: NVLS) (Cramer's Take)? Here's a semi capital equipment company, one of the deepest cyclicals on earth that should definitely be looking for a federal bailout given how bad that business has been. Sure enough, it had a loss -- expected -- but saw a nice linked quarter uptick in orders, marking what could be the bottom of a long, bad drought. And how is it set up after the lean years? It has almost 40% of its valuation in cash and restricted cash. Unlike the Deeply Troubled airline and auto industries, the company's a bank despite the downturn.

We hear endlessly about the crummy industries with bad management and horrible numbers. I don't even think it is news anymore. I mean, come on, we all know as soon as the airlines go bankrupt they are right back in or some other company comes along to take up the slack. That's what happens. That's what always happens. Who cares? The greatness of the auto bailout is its finality. I figure we lose another $50 billion and then we move on -- still better than AIG (NYSE: AIG) (Cramer's Take), which put very few people to work.

I am concentrating on the CSX and the Novellus because they are why we are at 897 and not 597 on the S&P. I am not a silver-lining guy. I am just a realist. The people who think that the DEEPLY TROUBLED auto and airline industries matter to this economy anymore are living in the 1970s.

Jim Cramer is co-founder and chairman of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. At the time of publication, Cramer was long Bank of America.