Please enjoy this free sample of our premium content featuring Jim Cramer. To get all of Cramer's premium content free for a limited time, please register here.NEW YORK ( RealMoney) --Repeat after me: We are not Europe. Repeat after me: We are not in 2008. Why is that? First, three reasons why we are not Europe:
To be hostage to Europe, especially at a time when Chinese PMI data come out and are real good, shows us that there will be a rally from some level when we get a resolution, and that's a "when," not an "if." At this point, we want a collapse of Greece. We want a moment where the Europeans recognize that they are going to bring the world down on their shoulders if they do not act swiftly and forcefully as the U.S. did, even though they are 17 different entities with 17 different strengths, weaknesses, views and agendas. So, without some resolution, the great numbers like we had today just can't keep us from rolling over ... yet. One day we will come in here with a down opening and rip up and stay up, but that will not be until Europe is at last scared into the kind of action we took three years ago today. At the time, no one really knew how TARP would work. But it was the beginning of the end of the nightmare. Stock prices kept falling for months, but the fundamentals began to get better almost immediately. That can happen in Europe, too. They just have to be willing to take the pain first. And so far they just haven't. One day, soon, they will, and we will matter again. Yes, we will matter again. At the time of publication, Cramer had no position in stocks mentioned.