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) -- The

Federal Reserve

isn't the deciding factor in our stock market anymore, Jim Cramer told his

Mad Money

 viewers Tuesday. The deciding factors are


 and profits, and the U.S. has them in spades while everyone else doesn't.

Cramer said today's news U.S. GDP grew by 3.9%, the fastest back-to-back quarters in over three years, is proof the market's rally is backed by higher corporate profits and the fact that consumers feel wealthier, more secure and more confident.

All that wealth and confidence is great news for the economy, Cramer continued. It means more homes being built, more businesses being started and more people being hired. It also means the market's rally is self-sustaining despite the bears who have been saying for years that all would be lost once the Fed stopped its bond buying.

But for as good as things are here in the U.S., they're not that good overseas. That means international money continues to flow into stocks like Apple (AAPL) - Get Free Report , a stock Cramer owns for his charitable trust, Action Alerts PLUS, because Apple still only trades at 15 times earnings even though shares are up 47% for the year.

Off the Charts

In the "Off The Charts" segment, Cramer went head to head with colleague Mark Sebastian over the chart of CBOE Volatility Index  undefined  to see what it might be telling us about the direction of the overall markets.

Sebastian noted that while the VIX remains at historically low levels and all of the volatility from a few weeks ago has vanished, the VIX still trades nearly two points higher than it did in June and July -- the last time the markets marched higher.

So why is there more fear now than over the summer? Sebastian felt that investors must still be worried an interest rate hike may be coming in mid-2015. But that's not going to happen, according to Sebastian. The dollar remains at multi-year highs while commodities from oil to corn to soy are at multi-year lows.

While top-line unemployment may be falling, the underlying metrics show many workers are only working part-time, leading to a total lack of wage inflation.

Sebastian felt the increase in the VIX is simply the markets lagging the latest thinking on interest rates. Once the market realizes rate hikes are not on the horizon, the VIX will fall, sending stocks even higher.

Cramer said he agreed with Sebastian's analysis.

Should You Buy Dave & Buster's?

Is the newly minted stock of Dave & Buster's (PLAY) - Get Free Report worth owning? Cramer took a look at this stock, which rallied 8% on its initial public offering and has been up another 25% since then.

Dave & Buster's currently operates 73 casual dining centers across the U.S. Cramer said investors can think of them as a Chuck E. Cheese for adults, with locations including a restaurant and bar as well as a gaming center that accounts for 50% of revenue.

Since 2011, Dave & Buster's has averaged 3% same-store sales growth at a time when most casual dining franchises deliver around 1.5%. In its most recent quarter the company posted 5.7% growth, with private parties and special events accounting for 12% of sales.

Management feels the chain could expand to 200 locations in the U.S., with another 50 overseas, leaving the company a lot of room for growth, Cramer said. The stock, however, trades at 26 times forward earnings with a PEG ratio of 1.3, making shares a little on the pricey side.

Cramer said Dave & Buster's is worth owning going into the end of the year, but only using limit orders to buy on weakness.

Executive Decision: Irwin Simon

For his "Executive Decision" segment, Cramer sat down with Irwin Simon, chairman, president and CEO of Hain Celestial (HAIN) - Get Free Report , a stock that's jumped 13% since Cramer last checked in three months ago.

Simon said consumers continue to demand more healthy and organic food, which is why Hain expects to sell 1.5 million organic turkeys this Thanksgiving. He said Hain has never seen demand so strong.

When asked about changing consumer tastes, Simon said consumers want to know what they're eating and they're willing to pay a little bit more for better options. Consumers don't want processed foods or sodium or high fructose corn syrup, they want the kinds of products Hain offers every day.

Is Hain worried about competition? Simon said absolutely not. Hain can't change the way the world eats all by itself, he continued. Everyone needs to get involved and spread the word.

Cramer said Hain remains a terrific stock investors need to consider.

Lightning Round

In the Lightning Round, Cramer was bullish on Alcoa (AA) - Get Free Report , Skyworks Solutions (SWKS) - Get Free Report , Intel (INTC) - Get Free Report , Hasbro (HAS) - Get Free Report , Enterprise Products Partners (EPD) - Get Free Report and Alliant Techsystems (ATK) .

Cramer was bearish on Advanced Micro Devices (AMD) - Get Free Report , LeapFrog (LF) and Freeport-McMoRan (FCX) - Get Free Report .

No Huddle Offense

In his "No Huddle Offense" segment, Cramer pondered whether $75-a-barrel oil is the sweet spot where supply and demand are finally in balance.

Cramer said it's clear that domestic demand for oil is on the rise, while everywhere else in the world its declining. That increased U.S. demand is being fed by a constant uptick in U.S. production, which will likely result in the U.S. importing just one million barrels a day from OPEC, down from over 5.5 million barrels just six years ago.

And what about OPEC? Cramer said the member nations can't support lower prices for long, so a production cut will have to happen soon, putting a floor under the price of oil.

Many bears feel lower gasoline prices are only a blip, but Cramer said the data do not support that. Even at $75 levels it's still economical for our oil shale revolution to continue, and that means great things for the U.S. economy.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

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-- Written by Scott Rutt in Washington, D.C.

To email Scott about this article, click here: Scott Rutt

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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL.