Cramer's TheStreet.com TV Recap: A Case of Options Hangover

The High Cost of Investor Hesitation

Task commented that it seems the retail and mutual fund investors haven't gotten into market with both feet. Cramer agreed that this is the case, but he also said it's due to "rational" behavior on the part of investors. When Chase offers 5% on a checking account and CDs are 5.5%, some people might consider leaping into the market to be a mistake, he said.

"I would tell these people that the market isn't stupid and it's waiting for them to come in as the rates come down," Cramer said. "You will have to pay higher prices this time next year."

With rates coming down, M&A activity, ample liquidity and great corporate earnings, Task asked Cramer what he would tell people who believe this is as good as the market is going to get.

Private equity firms just started bidding on these companies and "it is pretty obvious that this is the new game," Cramer said.

Further, the combination of the fees that companies like Goldman(GS Quote) are making, the returns from the private equity companies, the huge amount of cash private equity firms have and must put to work, and a bond market that is "desperate for any type of high yield," makes him believe this is not as good as it gets and any move to leave the table now will be "premature."