In emerging markets, however, a different story is playing out. In Brazil, Cutler said the country saw a big pop after the 2008 recession but is now slowing along with many other emerging markets. Cutler said the pickup he expected to see in China in late 2012 will likely not materialize until 2013. Turning back to the U.S., Cutler said he has been vocal about the coming "fiscal cliff." He said now is the time for leadership with our country's budget, both on the revenue and expense side. It's a problem that "needs to be solved" in order to create certainty that both consumers and business can build on. Cramer called Eaton a transformational company that's not sitting idly by while the world's economies slumber. He said "this is the bottom" for Eaton's stock and once again touted it's 3.7% yield as paying investors to wait for the economy to turn.