NEW YORK ( TheStreet) -- "Stop looking for bubbles where there aren't any bubbles," Jim Cramer told the viewers of his "Mad Money" TV show Thursday. He said that now's the time to tip-toe back into the markets, not run for the exits.
Cramer said it's true that the markets have been up six weeks in a row, but that doesn't mean that investors need to worry about bubbles. He said the definition of a bubble is when investors pile into the markets with reckless abandon, but in truth, the very opposite have been happening for over a decade.The exodus began after the dot-com collapse in 2001, said Cramer, and continued after the 2008 financial collapse, the flash-crash of 2010 and again during the summer of 2011. Cramer said he hears the calls of a bubble in tech stocks, but with bellwethers like Intel (INTC) and Microsoft (MSFT) trading at just 10 times earnings, a fraction of what they were just a few years ago, how can that be a bubble? He said that even Apple (AAPL), a stock which he owns for his charitable trust,