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NEW YORK (TheStreet) -- "I'm not giving up on the stock market," Jim Cramer told his "Mad Money" TV show viewers Thursday, as he took on the bears who claim that a bubble is at hand and markets will soon crash.
Cramer said that while yes, it's true that the Federal Reserve has been propping up the markets with low interest rates and cheap money, their actions have also created a lot of "collateral positives," which are making up for spending cuts that are taking money out of the economy. The Fed's actions are not only making stocks attractive compared to every other asset class, they're also giving companies the ability to refinance and grow and hire, and giving the housing market a much needed kickstart, which ripples down to many other sectors. ...Click to view a price quote on KMB. Click to research the Consumer Non-Durables industry.