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NEW YORK ( TheStreet) -- "We were worried too much," Jim Cramer told "Mad Money" viewers Tuesday after taking a hard look at recent history.
Cramer said it's easy to fall into a worried mindset and ignore the market's many positives, which is why so many investors missed the market's terrific rally.
The markets have been fretting higher interest rates for months, noted Cramer, but when they finally happened last month the markets, instead of dropping like a stone, booked their best winning streak since 1990. Higher rates, it turned out, was a terrific buying opportunity.Investors also worried about the toll $4 gasoline would take on the average consumer, shorting the restaurants, retailers and all of the theme parks. Yet, when the earnings arrived, Cramer said there was no mention of higher gas prices on any of these companies conference calls . Profits were taken in the banks and there were fire sales in the PC stocks, said Cramer, yet the banks posted solid results and PC-related stocks like Seagate (STX) and Hewlett-Packard (HPQ) continue roaring higher. Worrisome stocks from last quarter, like 3M (MMM) and Starbucks (SBUX) recovered nicely, said Cramer. Biotechs, led by Regeneron (REGN) and Biogen Idec (BIIB), also remain very strong. Even the most high-flying, highly valued names such as Amazon.com (AMZN) and Netflix (NFLX) are hitting 52-week highs, noted Cramer. So with so much going right and so many stocks powering higher, being negative was clearly not the place to be over the past few weeks.