Cramer's 'Stop Trading!': It's Up to Europe

"If the Europeans cut rates, this rally's sustainable," Jim Cramer said on Wednesday's "Stop Trading!" segment on CNBC, "We need Europe. We've already done everything on our end."

Cramer said that the U.S. is going "everything right" and that now Europe and China need to cut rates.

Cramer said that Caterpillar ( CAT) had a bad quarter, but when minerals and oil are going up, that's good for the company. "That gives us somewhat of an inflation bias that I want," he said. "We've been dealing with deflation.

At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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