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NEW YORK ( TheStreet) --"The lessons of the 2000s need to be unlearned," Jim Cramer told the viewers of his "Mad Money" TV show Tuesday. He said that technology is back, fueled by new product cycles, and is no longer just a minor part of our economy.

Cramer told viewers not to get lost in the fog of earnings season over the next few weeks, but instead, focus on something bigger and far more important, the return of tech. After almost of decade of doing nothing, tech is finally getting the respect and adoration it deserves, he said.

What's driving this renaissance of technology? New product cycles. Cramer said all throughout the 1980s and 1990s, technology stocks roared higher on the heels of new product cycles for first, the PC, then second, the Internet. But after the dot com bust in 2001, Cramer noted, many of those new products dried up, withering even further over the past two years during the financial collapse.

But that's no longer the case, said Cramer, as tablets, along with the infrastructure to support them, couple with social networking, social gaming, video on the web, cloud computing and the rest of the mobile Internet tsunami. "It's not just Apple ( AAPL)," a stock which he owns for his charitable trust, Action Alerts PLUS , said Cramer.

It's companies like Ciena ( CIEN), Qualcomm ( QCOM) and F5 Networks ( FFIV) along with countless other component and infrastructure names.

Cramer said as companies leapfrog each other with new technologies and gadgets to win customers, this new product cycle will continue independent of world's economies. "This is secular growth," he said, and all of the old lessons of the past decade need to be forgotten.

Moving On

In the "Executive Decision" segment, Cramer spoke with Rick Van Nieuwenhuyse, president and CEO of NovaGold Resources ( NG), another stock in Cramer's Action Alerts PLUS portfolio.

Van Nieuwenhuyse said that many of his company's prior problems are all now ancient history, and NovaGold now has a blue chip shareholder base with solid prospects for the future. He said the company has doubled its reserves since rival Barrick Gold ( ABX) made a failed bid for the company. NovaGold is also working on bigger, more advanced projects than it was back then.

Turning to NovaGold's huge Donlin Creek mine, Van Nieuwenhuyse said that the project is still in its testing phase, but will likely begin construction in the second half of 2011.

When asked about the company's geo-political risk, Van Nieuwenhuyse commented that by operating in Canada and Alaska, NovaGold has the lowest political risk out there. He said that mining is an integral part of both regions' economies. "They're great locations," he said.

NovaGold is also more than gold. Van Nieuwenhuyse noted that the company controls the largest copper deposit in North America. China, he said, is a huge buyer of copper, as well as other metals, and is driving much of the growth of copper.

Cramer called NovaGold the most exciting company in his Action Alerts PLUS portfolio. He urged every investor to have at least some exposure to the precious metal.

Detective Work

"One of the most important parts of investing it finding the truth," Jim Cramer said as he showed investors how to put on their Sherlock Holmes cap and find the best stocks.

Cramer said he's always been a fundamentalist, believing that the best way to analyze a stock is by looking at the underlying company and its prospects.

The "homework" that Cramer preaches nightly refers to looking at companies' earnings releases, checking EC filings and most importantly, listening to the quarterly conference calls. Cramer said this work may seem boring, but it's vital to understanding the stocks you own.

But fundamentals don't always tell the whole story, said Cramer. Looking at the charts, or technical analysis, is a good gauge to tell what the big money guys are doing with their shares, he said, adding it's becoming increasingly important as more investors come to rely on patterns they see in the charts.

Cramer said investors need a complete picture of a stock based on the best information out there. He said that in the long run, the fundamentals, such as the growth and strength of the underlying company, will always win out. But in the short term, he said, the buying and selling of institutional money managers matters more, and that's where technical analysis does its best work.

Cramer cautioned, however, that investors should never buy a stock based solely on technical analysis. He said if the stock fails to go up as expected, investors will have absolutely no reason to own it. But if they like the fundamentals as well, then they won't mind holding on for the stock to recover.

Dangerous Comparisons

Cramer warned about the dangers of fear in stock picking. He reiterated his mantra that "no one ever made a dime panicking" and said that investors should never buy into hysterical historical analogies such as "the U.S. is just like Japan during its lost decade," or "the U.S. is on the verge of becoming Weimar Germany with hyper inflation."

Cramer said ever since the financial crisis first got started, analogies were drawn to Japan's "lost decade" during the 1990's where the country experienced no growth. He said while there are similarities, such as a brutal downturn in real estate followed by a financial panic, the U.S. is very different from Japan.

Cramer said U.S. businesses made the tough calls, cutting back hard and slashing inventories, while Japan's didn't. He said the consumer spending rebounded in the U.S., while it languished in Japan. And most importantly, the U.S. didn't follow Japan's lead in propping up all of the banks, even the ridiculously insolvent ones.

Cramer said there are also stark differences between the U.S. and Japan. He noted that Japan's population is stagnant, growing just 9% from 1980 to 2008. By contrast, the U.S. population was up 34% during the same period. Then there's also the average age in Japan, 44.2 years, compared to just 36.7 years in the U.S.

As for Germany's hyper-inflation comparison, Cramer said that too is just bogus. He said that you can't draw a line from inflated commodity prices based largely on phony demand, to hyper inflation, no matter how hard you try.

Cramer said his bottom line is that there will always be fear mongers out there, but investors should only sell when the fundamentals are faltering, and not because the bears are trying to freak you out.

Listing Myth

Cramer's final tip for investors was to dispel the myth that just because a stock is listed on an exchange, it must be viable. "Nope," Cramer exclaimed.

Cramer used the term "zombie stocks" to characterize shares of companies that would have been cancelled in any other country in the world. He said these shares do nothing more than make the exchanges and brokers money, which is why no one has the guts to cancel them.

Case in point, shares of the former General Motors, which were allowed to trade for months, even though everyone knew that after bankruptcy, those shares would be worthless.

Cramer also gave the zombie moniker to shares of AIG ( AIG), Fannie Mae ( FNM) and Freddie Mac ( FRE), three companies where government involvement makes it impossible to know if these shares have any value at all.

Cramer said the regulators have made it clear that they don't care about you, the investor, and they don't care if you get taken advantage of. He called it a travesty that the Securities and Exchange Commission doesn't crack down and delist shares that rightfully need delisting.

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

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At the time of publication, Cramer was long Apple, NovaGold Resources.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.