Cramer's 'Mad Money' Recap: A Selloff to Celebrate (Final)

NEW YORK (TheStreet) -- When investors are ready to sell at the drop of a hat; that's a clear sign you're in a bull market. Those were Jim Cramer's words to his "Mad Money" TV show viewers Wednesday. Cramer said today's selloff was not a market panic, but more of a selling squall that's a healthy part of any bull market.

Cramer explained that today's selloff, which came right after the best quarter the markets have seen in 14 years, is nothing to be afraid of. "You're nuts if you don't think investors will be taking profits," he said.

Sure, a Spanish bond auction didn't go well, admitted Cramer, and yes, the latest news out of the Federal Reserve signals that the markets are likely on their own from here. But Cramer reminded viewers not to be confused about who's really driving the markets. He said that Europe no longer has a strangle hold over U.S. markets and if the Fed isn't willing to help out the markets, then the U.S. economy must be even better than we expected.

Cramer said there are still many positives in the markets, including a resurgence in real estate and strong retail sales, as evidenced by Bed Bath & Beyond (BBBY) . All of these facts point to today's selloff being just a pause, said Cramer, and not a top in the markets.

Yes, oil prices are still high, noted Cramer, but this time it's due to real global demand and not rampant speculation. True, gold stocks are in decline, but that's only because they can't find enough gold to take advantage of record-high prices, he said.

Cramer concluded by saying that today's selloff was a classic sign of a bull market, something he's willing to celebrate instead of worry about.