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CNBC's Jim Cramer on Thursday said that although the market may be frothy, investors shouldn't quit because there are enough positive stock stories to overwhelm the froth with rationality.

Cramer used the dotcom bubble burst as an example. During that time in the late 1990s, he said froth involved the market's continuous roar based on, at best, hype. Stocks rallied for no real reason, markets lost their rational side and companies ended up with no revenue or business plan.

Cramer said today's market is vastly different because the rational outweighs the irrational.

On the irrational front, Cramer pointed to recent IPOs such as Circle , Figma and Bullish , that each saw ex

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