On a day like Monday when the market drifted down slowly, Jim Cramer was inclined to agree with Donald Trump's view of the stock market.
Last week, Trump told the Washington Post that there is a big bubble in the economy, and the stock market is inflated.
"It's worth pondering Mr. Trump's views because, whatever your political orientation, they make sense on many different levels and the conclusions are arguably right, at least for a certain group of people living in certain places, namely rich people living in expensive places," the "Mad Money" host said.
One of the most memorable lessons Cramer learned working at Goldman Sachs is that an investor only needs to get rich once. There is no point to taking the risk of owning stocks to make more money when you're already filthy rich. Those investors tend to buy bonds.
"That is why I believe that, as long as you take a long-term view, put money away in an index fund, and then set some savings aside for smart, homework-derived investment ideas based on companies you know and love, it's worth braving all the bubble talk to invest in the stock market," Cramer said.
There will always be bubbles, Cramer added, and there will be times when stocks are stretched. But stocks still represent a better value for the average person. And that is why he says not to let the bubble-heads scare you away.