As Nasdaq flirts with a 15-year high and mounting speculation that tech stocks are now in a bubble, Jim Cramer is putting his foot down once and for all. Enough with the bubble talk already!
"Because the truth is, I'm not at all worried about where we are right now. This is not a bubblicious market, and that includes the high-flying technology stocks," said the "Mad Money" host.
If investors what to know what a bubble looks like, there's no reason to remember all the way back to 2000. Just look at last year!
During the first quarter of 2014, the market was flooded with initial public offerings from cloud-based software companies. A new one was hitting the marketplace every day, and it was dotcom mania.
And as the market continued to roar higher, more IPOs came into the picture. But Cramer reminded investors of a key point—stock are all about supply and demand. A glut of IPOs is not a good thing.
"In a real bubble, the kind that can devastate on a decent portion of the market, you'll often get a slew of initial public offerings as companyies try to cash in on the euphoria in the public markets," Cramer said.