Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
NEW YORK (TheStreet) -- The markets may not be out of the woods yet, but after today's powerful rally perhaps they've found a nice sunny meadow where they can rest, Jim Cramer told his Mad Money viewers Wednesday.
While the markets have been waiting seemingly forever for an end to the ridiculous Greece versus Germany standoff, apparently all it took was the news that there may yet again be the potential for a deal to send stocks soaring. But that wasn't the only positive note in today's trading.
German interest rates were also ticking slightly higher, which is a good thing because it indicates the German economy is getting stronger. That's great news for both the U.S. and for China, which sends 25% of its exports into Europe.
At the same time, the U.S. dollar appears to be stabilizing, which was enough to send shares of PPG (PPG) and FedEx (FDX) higher. Meanwhile, the devaluing of the yen may be over and oil was able to stage a rally, even with the U.S. hovering at record production levels.
Finally, there was no news out of the Federal Reserve, which is always a positive for the markets. Add them all together and there's enough brewing under the surface to indicate that stocks may be OK after all.