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It's easy to understand why the market declined on Tuesday morning—all of the negative news in the media gave investors plenty of reasons to sell stocks! However, the good news is that Jim Cramer knows that investors have more common sense than that.
"Despite all the positives out there, the news backdrop has become deeply gloomy, with everything that happens being interpreted as astoundingly bad for stocks. When you look at it that way, it's easy to understand this morning's nasty decline," said the "Mad Money" host.
Sure enough, investors quickly recovered from amnesia and remembered that consumers are spending again and the economy is doing well, which ultimately led to the market rebounding and closing up.
The front page of The Wall Street Journal on Tuesday featured an article entitled "Fed Holds to Plan on Rate Increases Despite Turmoil," with alleged news that the Fed will be raising rates later this year.
Cramer just didn't get why this is bad news. The U.S. is continuing to hire, and business is doing better. It would only be bad news if the Fed saw the economy in a position of strength and didn't raise rates. That would be irresponsible, in his opinion.
Another gloomy article? "China Economic Growth is Slowest in Decades." What negative language!
When the so-called "negative" rate of 7.4 percent GDP for China was reported, Cramer actually jumped for joy. And yes, he was up that early in the morning when it reported. Most people were expecting 7.1 percent to be reported, based on a disappointing fourth-quarter report. But the economy actually grew by 7.3 percent in the fourth quarter.
The fact that China was able to pull off 7.3 percent, right on the back of last year's 7.7 percent, just goes to show how robust the economy really is.
So here are a few facts that haven't been inflated by the media:
Yes, it's hard to remain bullish when energy and financials are doing so terribly. After all, they do represent 25 percent of the .
It's not just banks and oils that are struggling right now. Johnson & Johnson lost its mojo, too. Or how about Sandisk, which was slammed with a tough downgrade and number cut that makes Cramer think the techs are actually still pretty vulnerable.
Really, the only bright spot that remains in the dark, ominous pit of oil are the airlines.
Read more from Mad Money with Jim Cramer
Cramer Remix: These energy stocks have bottomed
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"But there hasn't been much follow-through with this lower oil price yet, even when you report better-than-expected numbers, like Target did," Cramer added.
Regardless of the gloom dwelling in the newspapers on Tuesday, investors weren't brought down by the pessimism.
"Despite any good news, we're going to keep running the gauntlet of this relentless negative press coverage. Be aware of the negativity, but don't let it fake you out."