RealMoney Radio Recap: Mystical California Pizza

And now people are talking about a hard landing, but Cramer said he begs to differ. In fact, he believes "it's pretty amazing here" in the market.

Interest rates are going down, and people are fretting about that, which is "silly," he continued. These low interest rates are making big investors in this country switch out of bonds and into stocks, Cramer said.

"I always want a soft landing because it is better for more stocks than a hard landing, as a soft landing makes it easier to find the bull markets wherever they might be," he said.

"But I'll be darned if I am going to start selling this market because the competition's becoming absurd."

Moreover, Cramer believes that we are going to see "a wave of takeovers" because of the weak dollar. He urged market players to start thinking about the weak dollars as foreigners do.

As foreign companies have begun to think of American companies as being weak and cheap because of the declining dollar, they should start taking them over, Cramer explained. And people who have panicked and gotten out of the market will regret it, he said, as "the best is yet to come."

Joy Global (JOYG Quote), Ingersoll-Rand (IR Quote) are two companies which Cramer believes could get takeover bids.