Though fears have somewhat abated, declines in the 10-year Treasury yield have recently sent recession bells ringing on Wall Street once again.

At the end of the day, Jim Cramer said that lower rates are only a bad thing if you're not trying to buy, sell or exist in the United States.

While Cramer noted that there can always be "something lurking" on the horizon, it's difficult to see a recession with the current job growth and a consumer "so good it's amazing."

So should investors stop looking for a recession and start seeking out bargains in the market?

Cramer shared a few words of advice in the video above.

Related. Jim Cramer: In America, Lower Rates Are Nirvana for the Consumer and Stocks

More from Cramer Today

Full Replay: Jim Cramer: Before You Look for Recession, Search for Bargains

Jim Cramer on Just Another BRIC in the Wall

Jim Cramer Talks Rome and the Rise of the AMD Server CPU Empire

Jim Cramer: Lyft's IPO Lockup Expiration Could Open the Floodgates

Premium Pick: Jim Cramer: China, BRIC's Last Solid Brick, Erodes, and So Do Many Multiples

Ready to Retire: The Biggest Threat to Your Retirement? Check Your Basement

TheStreet Feature: Can You Name This National Historic Wall Street Landmark?

Dog Days of Summer: Why Investors May Be Seeing the End of the Dog Days of Summer

Catch Up: Today's Top News Videos Below

N/A