Cramer's 'Mad Money': A Genuine Rally

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"Nobody believes in this rally but I don't believe it's over," Jim Cramer told the viewers of his "Mad Money" TV show Friday.

Cramer said everyone still wants to hide in gold after today's miserable jobless number, especially after the market's huge 24% rally. But that's a mistake, Cramer, because money is pouring into the market, he said. "Every move higher is not false."

Cramer said its never easy to pick a bottom, and there will always be naysayers. But he said the market's current move is not just short covering because there simply aren't that many shorts out there. What's really driving the markets is the bottom in housing, which is happening, and the Federal Reserve pulling out all the stops to save the economy.

Cramer made is clear that he's not a buyer of stocks at current levels. He told viewers that if they have 40% to 50% gains in their stocks, they need to take profits and not be pigs. However on any weakness, Cramer said he is a buyer, especially names like Celgene (CELG Quote), a stock which he owns for his charitable trust, Action Alerts PLUS, and one that was featured yesterday, which hasn't participated in the rally thus far.

"The easy money's already been made," said Cramer, "but that doesn't mean we're not still going higher."