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One reason why this market is going higher is because private-equity players believe that stocks are cheap, Jim Cramer said on his

"RealMoney" radio show Tuesday.

Meanwhile, analysts keep insisting that people can't touch this market because it's too expensive, he said.

"The bears want you out of this market and on the sidelines," Cramer said. "Their goal is to keep you from making money."

They don't care that interest rates are low or that earnings will be up because of the decline in oil and gas, he went on to say.

"Given the so-called overvaluation, what should be happening, rationally, is that companies are offering stock to take advantage of it," Cramer said.

Instead, executives such as Gary Loveman of



and Richard Kinder of

Kinder Morgan

(KMI) - Get Kinder Morgan Inc (KMI) Report

are saying they are "sick and tired of seeing their stocks out of whack with the fundamentals," and are starting to "take matters into their own hands," Cramer said.

On Monday Harrah's received a buyout proposal from two private-equity firms,

Apollo Management


TheStreet Recommends

Texas Pacific Group

to purchase the casino operator for $81 a share, which Harrah's is reviewing.

Cramer believes that Loveman, a former Harvard Business School professor, knows what he's talking about, as does Kinder. And because these men know their business well, Cramer believes that their points have to be considered in any discussion about the "overvaluation" of stocks.

Cramer has been telling his listeners that there is a time where he will like oil again and that he believes this could take place in the next two or three weeks.

Oil Service HOLDRs

(OIH) - Get VanEck Vectors Oil Services ETF Report

is the best indicator of this group, he said.

Because Cramer believes that we could be at a bottom soon, and it "could happen like lightning," he needs people to be there when it happens.

"I feel the worst thing that could happen to oil is happening -- we have no hurricanes and no demand with bountiful supply," he said. "We are in the business of watching oil collapse."

There will come a point when people will have to buy oil, and that point is close, Cramer went on to say.

"We are a lot closer to a bottom than a top."

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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