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NEW YORK ( TheStreet) -- Jim Cramer told "Mad Money" 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. Even General Electric ( GE - Get Report) and DuPont ( DD - Get Report) 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.