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NEW YORK (
) -- Jim Cramer told
viewers Thursday that it's time to take a cue from singer Joni Mitchell and look at stocks from "Both Sides Now."
The bears are focused on fiscal fears and negative headlines, he said, and the heavy negatives could turn the most optimistic of bulls into bears.
The bulls see that Spain started another round of fiscal austerity despite the riots. That's what the stronger countries need to see, he said.
The Chinese market rallied hard last night and that could be a sign we could get more stimulus from everyone's favorite Communist country, Cramer said.
said the industrial business is getting better in the People's Republic, he said. GE says we may be too gloomy about China.
A rally in the U.S. markets is not predicated on anything here, it's all about China and Europe, Cramer said. In order for this move upward to continue, we need an end-game deal in Europe and a real stimulus in China. And we need them now, Cramer emphasized.
If we don't get real positive news from Europe and China, then we're not done going down, Cramer said. But, if we do get positive news from those huge trading partners, that will offset our own government crisis.
If that happens, he added, we will be able to hang in there, if not go higher.
In the "Executive Decision" segment, Cramer spoke with
(OSUR - Get Report)
President and CEO Doug Michels about the company's new FDA-approved over-the-counter saliva-based test for HIV, which will be available in stores next month.
OraSure is rolling out an advertising and awareness campaign through retail stores, and on digital media, he said. The company has lined up celebrities to draw more attention to the launch next month.
Michels said there are 1.2 million people in the country who are HIV-infected, but 20% to 25% of them are unaware they are infected. The unaware and infected are responsible for 50% to 70% of the forward transmission of the disease.