NEW YORK ( TheStreet) -- Nobody likes a losing streak, Jim Cramer told his "Mad Money" TV show viewers Tuesday, but even after a fifth day of declines, Cramer said it's still not time to throw in the towel. Cramer said he's not ignoring the many negatives in the markets. Unemployment is still weak, business confidence is low, Chinese imports are on the decline and the Italian bond market is a mess. All good points, noted Cramer, but also ones that are already factored into the markets. It's also true, he acknowledged, that the markets have had an incredible run since September and are due for a pullback. But what's not factored into the markets, said Cramer, are earnings and earnings surprises like those delivered by Alcoa ( AA). Plus there are also a number of contradictions in the market that are creating opportunities, if investors know where to look. Cramer said that the bears are big on rising fuel costs, but the oil stocks are signaling oil in decline. That creates opportunity, he said. The markets are also sending all stocks lower, he noted, which creates opportunities for the sectors that don't deserve that punishment. Cramer said he simply cannot be bearish on restaurants or retail when oil prices are likely to retreat, nor can he be bearish on high-growth stocks or on companies that prosper when their fuel costs are falling. Cramer concluded by saying that five losing games does not make a season, nor does five losing days make the market.