Jim Cramer on the Markets: Remember, Investors, We're Not China - TheStreet

NEW YORK (Real Money) -- Remember, their weakness is not our weakness. And their strength is not our strength.

We can be thrilled about the one-two punch of lower Chinese rates and more Mario Draghi promises. But until we see the gigantic infrastructure jobs in the decrepit sewers and polluted wastelands that engulf China, until we see the Germans spend $500 billion, just be careful.

We are the strong ones. We have a Federal Reserve that gets it. You know now how Pop felt about these things. You know where my feelings are.

I just don't want anyone to get too excited and take Cummins (CMI) - Get Report and Caterpillar (CAT) - Get Report up any more than they are. If you believe in a turn in Europe and China, go buy GM (GM) - Get Report ; it's done nothing. It isn't as horrid as you think.

As long as Hoover in a pantsuit runs Germany, Draghi will be checkmated. Only a radical right regime, which could spring up, can change her mind. Her intransigence is almost evil in its nature.

Don't get carried away. This is a Ross Stores (ROST) - Get Report , Celgene (CELG) - Get Report rally. The rest? You have to do a lot of hoping and I hate hope when there's little to base it on.

I will hope for an Eagles win.

But not for a Joy Global( JOYG) order.

Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long GM.

Editor's Note: This article was originally published at 2:12 p.m. EST on Real Money on Nov. 21.