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.
Thanks to the bidding war for Starwood, Cramer thinks the entire hotel group is too cheap and needs to be revalued.
"We need to revalue the whole hotel cohort, and despite the recent rallies in these stocks, they are still depressed after last year's under-performance," the "Mad Money" host said.
With the low price of gasoline, many would expect the hotels to be the biggest beneficiary. However, the industry has struggled as the strong dollar deterred many foreign tourists from traveling to the U.S. Additionally, competition from Airbnb and terrorist attacks in Europe have disrupted the hotels.
"If we value the whole group like Marriott is now valuing Starwood, there could be some fabulous opportunities lurking out there," Cramer said.
Another opportunity that Cramer found was with Chipotle, which has been beaten down following a series of health scares. But now that the health issues seem to be in the past, can the stock come back?
"When you put it all together and look at what has happened to other fast-casual restaurant chains with E. coli problems, I think the answer is yes, Chipotle can indeed get its mojo back. But it might take some time," Cramer said.
So, while the brand's reputation was damaged, and the stock might have to spend some time in the doghouse, Cramer's view is that if lesser players like Taco Bell and Jack in the Box can bounce back from worse disasters — so can Chipotle.
With so many downgrades recently, many investors interpret this as a time to sell the stocks. Not Cramer, he thinks it's mostly a chance to buy.
"I know that seems contrary today, but not if everything falls into place, and I think that it just very well might do so," the "Mad Money" host said.
The most notable downgrade was for Facebook, as Deutsche Bank anticipated an unfavorable quarter coming up, and found mixed channel checks that did not justify the run in the stock.
"Do you sell it here, now, betting you can get back in? Maybe. I just think that the risk is NOT to own it, kind of like when everyone traded out of Apple back in the '90s," Cramer said.
So, while many may be inclined to sell these stocks based on their downgrades, Cramer thinks these are chances to buy. If everything falls into place as he expects it to, it could pay off.
After last Friday's nonfarm payroll report, Cramer decided to dive into the details of hiring with the CEO of Korn/Ferry International, Gary Burnison.
Korn/Ferry is the No. 1 player in the executive search business for more than 25 years, and also has a leadership and consulting business. And while the company reported a solid quarter about a month ago, the stock is still down 15 percent year-to-date.
Burnison commented on the success that Korn/Ferry has had building culture in corporations, saying, "People don't fail or succeed because of technical skills, they largely fail or succeed because there wasn't this culture fit … it's the same thing in the corporate world, right? You've got to create that mosaic of culture that anchors around a common purpose."
In the Lightning Round, Cramer gave his take on a few caller-favorite stocks:
J.C. Penney: "I think that the retailers that are working are TJX, Ross Stores, Dollar Tree and Dollar General. And I kind of don't want to go beyond that group right now."
Dynavax Technologies: "The stock is up so much today. No, I'm going to say you have to wait for that thing to go down. And I think it will come down, because the drug stocks have had too big a run here in the last two days."
Read MoreLightning Round: Retailers on fire