The S&P 500 and the Dow Jones Industrial Average are perched at record highs, while the Nasdaq Composite is on the cusp of joining its major counterparts in record territory. Unfazed by the stretched valuations, CNBC Mad Money hostJim Crameron Monday raised the specter of further upside.

Earnings Boost:The market isn't overbought and therefore there is room to run, Cramer said in a post. The stock picker apparently sees earnings as one of the biggest catalysts that can propel stocks higher.