Cramer's 'Mad Money' Recap: Don't Be Blinded by Skepticism (Final)

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NEW YORK (TheStreet) -- Jim Cramer asked the viewers of his "Mad Money" TV show Thursday if they've become too skeptical.

He said when it comes to autos, or housing, or the economy, the media and investors alike are not seeing the forest through the trees.

Cramer said that throughout today, and for weeks now, he's been hearing the argument of "pull-through," the notion that tax credits and stimulus plans like Cash For Clunkers are not actually generating sales, but are instead just stealing sales from 2010. He said the markets have become so ingrained in this thinking, it seems impossible to convince them otherwise.

"People have to stop believing everything is bad," said Cramer. He said it's not being skeptical, nor prudent, to not believe anything you hear. He said when it comes to housing, the assumption that people are only buying homes because of an $8,000 tax credit is nonsense. People are buying because prices and mortgage rates are at historic lows, he said.

Likewise with autos, said Cramer. Cash For Clunkers may has sparked sales, but it's entirely possible that those sales came from a different pool of buyers, and not the ones who were going to buy a car next year. Investors are missing the bigger picture, he said. Stimulus and tax credits are only part of the picture.

Cramer said the economy is having "a healthy return to buying," and warned investors not to be blinded by the so-called bad news. "Open your eyes to what's happening," he said, "and you'll like what you see."