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NEW YORK ( TheStreet) -- With the Dow Jones Industrial Average just a stone's throw away from its five-year high, Jim Cramer told "Mad Money" viewers Tuesday he's not celebrating the milestone, but he's also not assuming this is the top either. Cramer said there are a lot of reasons why the markets are different this time around. He said that back in 2007 the Dow was at 14,000 based on an unregulated housing market, derivatives that no one understood, a booming Chinese economy and an insatiable appetite for all things tech. But today, the companies that make up the Dow are in far better shape than they were in 2007, and the world's economy is on the mend. The Dow is just a group of stocks, Cramer reminded viewers, so just think about what would happen if they replaced a stock like Bank of America ( BAC) with a stock like Amazon.com ( AMZN). Cramer noted that Pfizer's ( PFE) free cash flow in 2007 was $11 billion. Today, that number is $20 billion. Merck ( MRK) had $5 billion in cash flow, while today it has $12 billion. Stocks like Home Depot ( HD), another Dow component, aren't suffering from a crashing housing market but profiting from a growing one. What of Walt Disney ( DIS)? Isn't that company far better off now, with its Marvell and Lucasfilm acquisitions, than it was in 2007 without them? Cramer said the markets didn't deserve to be at 14,000 last time, but today they most certainly do.