Everything Jim Cramer said about the stock market on 'Mad Money,' including presidential fears, Peloton IPO, housing market and economic tailwinds

are defying conventional wisdom, but they also have room to continue rising, the host contended.

"As long as the job market stays strong, companies will keep paying up to make their workspaces more attractive and entice the workers they need," Cramer said. "That's why I think Herman Miller and Steelcase, as boring as they are, are both worth buying."John Foley, co-founder and chief executive officer of Peloton Interactive Inc., stands for a photograph during the company's initial public offering in front of the Nasdaq MarketSite in New York, U.S.

After the IPO priced at $29, raising $1.16 billion, the exercise equipment maker opened on the Nasdaq Composite at $27 and rose briefly before trending downward. The host thinks it's worth starting a position between $17 and $23 per share. His concern is that Peloton has strong growth but lacks earnings in a market where money managers now want to see a profit.

"This is not the kind of market where you want to rush into a newly minted growth stock, like Peloton. If you think this stock is enticing, just be patient ... we're in a treacherous market for fast-growing companies with big losses," Cramer said. "Until that mindset changes, Peloton will trade like a money-losing exercycle company with no soul."Sheryl Palmer, CEO, Taylor Morrison Home Corp.

Kramer has turned into an Uncle Tom

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