When CNBC's Jim Cramer talks about the "era of good feelings," he's not referencing the U.S. history books.

"No, I'm talking about this week of Thanksgiving, where the buyers pay up and the sellers walk away," the "Mad Money" host said. "It's almost as if there's a selling ban."

Cramer found more than a few examples of this in Tuesday's market layout. He said the lapse in selling is typically a "Thanksgiving phenomenon," but given the state of the bull market, even Cramer wasn't sure when it would end.

"Maybe investors have simply decided they should pay more for the same earnings numbers, giving us the gift of multiple expansion," he said. "I've got an idea: if you really are scared of this market like so many are, if you truly believe there will be a crash or something terrible is out there — a view I do not subscribe to — then feel free to use the era of good feelings to lighten up. Nobody ever got hurt selling into strength."

Marvell Technology Group President and CEO Matt Murphy told CNBC that he wasn't expecting the market to react so positively to Marvell's $6 billion deal to buy fellow chipmaker Cavium.

"We're actually pleasantly surprised," Murphy told Cramer on Tuesday. "The reaction we've gotten over the last few days as I've met with investors is they love the fact that you're getting a pure play infrastructure, cloud-levered, [internet-of-things]-levered company that really takes care of all the interconnections within the cloud and to the edge."

In a fairly unusual move for an acquirer's stock, shares of Marvell surged on news of the deal, closing up 7.8 percent on Tuesday. Shares of Cavium closed up nearly 4 percent.

Murphy, who took the helm of Marvell in July 2016, classified the move as part of a larger restructuring the semiconductor company is doing under his leadership.

It drives Cramer crazy when people say that stocks are dangerous and overvalued "at this point in the cycle."

"I put air quotes around that phrase because whenever people say it, I feel like they're trying real hard to put the stock market in the context of some sort of game," the "Mad Money" host said on Tuesday. "It's the ninth inning, it's the fourth quarter or whatever time frame that resonates as well as the obvious meaning, which is something like, 'We haven't had a recession yet, but we're about to, and if that's the case, stocks are way too expensive.'"

What irritates Cramer most is that he sees plenty of bubbles out there, but the stock market is not one of them.

It's opening stores left and right, it's delivering double-digit growth numbers, it's under-promising and over-delivering; by Cramer's standards, Floor & Decor Holdings is an impressive stock and company to watch.

Better yet, the retailer is in a line of business that Amazon would be hard-pressed to challenge: selling specialty hard-surface flooring materials to commercial businesses and do-it-yourselfers.

"Floor & Decor is not in Amazon's crosshairs. If you're remodeling your house, you really do need to see this stuff in person," Cramer said. "Amazon, I think, cannot kill these guys."

The only issue Cramer could find with Floor & Decor, which came public in April, was its private-equity backers. Even with good fundamentals and a powerful growth rate, the company's stock could fall under pressure if its private stakeholders decided to ring the register.

"I like Floor & Decor here, but with the private equity overhang and the nosebleed valuation, it may be worth being patient," Cramer said. I suggest maybe you wait for the next slug of selling from the PE guys or a serious dip before you do any buying, but I am blessing the buying for Floor and Decor."

As target age demographics skew younger, even manufacturers like Brunswick Corporation take notice, Chairman and CEO Mark Schwabero told Cramer on Tuesday.

"I think the whole idea of boat clubs is good, good because it gets people on the water," the CEO said. "It may change to ownership over time. The other part is the fact that as you get them on the water, those boats that are in the clubs are going to get more usage, which'll translate into other new boats."

The growing "shared economy" around boats and boat clubs should serve as an entry point into boating for younger customers, the CEO of the boat, billiards and fitness equipment manufacturer said.

At the same time, new technology such as joystick driving and autonomous docking is seeping into the boating industry, Schwabero said.

"The joystick is really there today as well as what we call SkyHook, holding a boat in position," he said. "Autonomous docking's still something we're working on, but the capabilities are really there to keep exploiting technology for marine applications."

In Cramer's lightning round, he flew through his take on some callers' favorite stocks:

Henry Schein, Inc.: "Stock's been wobbling of late, but I have a total belief. I think [CEO] Stanley Bergman's doing a great job. He's very understated, but so much good is happening at that company. I am going to stand by it even though it has been hideous of late and [is] down 10 percent for the year."

Nucor Corporation: "Look, the charitable trust owns Nucor. We continue to stand by it. It has been a total dog, but if the president were to ever authorize the end of the [steel] dumping, then I would say 'Hallelujah' and you get a $64 stock. So we're sticking with it."