Jim Cramer's 'Mad Money' Recap: Beware the Bears

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NEW YORK (TheStreet) -- "I don't see or smell fire in this market," Jim Cramer said on "Mad Money"  Wednesday. Cramer said there still aren't many bulls either, which is why he's not worried about the markets overheating.

There are still far too many bears in this market, Cramer continued -- bears trying to scare investors out of stocks by drawing comparisons to the dot-com bust of 2001, endlessly preaching that stocks are "frothy."

But Cramer said that while some hyperbolic stocks, like Tesla Motors (TSLA), Netflix (NFLX) and Workday (WDAY) are worrisome, the market overall is far from 2001.

Cramer said he's not afraid to call a top in the markets or to tell investors to sell. He did just that in 2001 and again in 2008. But today's markets do not resemble those markets and the vast majority of stocks still represent terrific value.

You cannot deny the power of this market, Cramer concluded, which is why investors need to be in stocks and not selling them outside of a few exceptions.

Executive Decision: Marc Casper

In his "Executive Decision" segment, Cramer sat down with Marc Casper, president and CEO of Thermo Fisher Scientific (TMO), a stock that's up over 50% since last April.

Casper said last year's acquisition of Life Sciences was key to the company's growth because as it makes the company a leader in the genomics equipment space and a key supplier to biotech and big pharma companies around the globe.

When asked about the Chinese market, Casper noted that the Chinese are getting serious about cleaning up their food chain, which means they need a lot more test equipment from Thermo Fisher.

Turning to the company's business model, Casper said only 25% of sales stem from equipment. The remaining 75% of sales stem from consumables and services, two areas that are very predictable and stable, which investors love.

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