Cramer's hearing a lot of talk about a bubble. And he finds it concerning.
It's not that the Mad Money host is particularly worried about a bubble per se, – rather he questions the agenda of prognosticators who are tossing around the term.
"There's something about bubble calling that grown-up pundit seekers in search of getting their names around just can't resist," he said.
The term bubble is fairly binary. That is a bubble – a real bubble like those made out of bath soap or bubble gum – always pop. And they can smack you in the face when they do.
Assigning the term to a trend in the financial markets or the economy can do investors a terrible disservice. It suggests investor should run in the other direction when nothing could be further from the case.
Therefore, whenever he hears the term bubble, Cramer immediately asks himself -- is there a serious circumstance in which the asset could decline precipitously? Or, is the asset class simply ahead of itself -- too expensive on a relative basis?