Jim Cramer saw crosscurrents galore in the market on Tuesday as the drama with Europe and Greece continued. And while both the Greeks and Germans behaved badly, in his opinion, there were a few things that were quite reassuring for investors.
In reality, this isn't just a problem for Greece. It would be a problem just for the Greeks if they owed the European Union a couple billion euros. But Greece owes the European Union 300 billion euros, which means the whole European Union has a problem.
"That seemed to dawn on the Germans today, which got people all excited again that there might be a deal to be had," the "Mad Money" host said.
But thankfully Europe has a central banker, Mario Draghi, who knows what the heck he is doing and understands that if Greece defaults it would not be another Lehman Brothers event. Thus, he has made sure that Europe did not collapse so far, and the negotiations have lost a bit of their urgency.
"With Greece on standby, we get to see what the market forsook yesterday that it shouldn't have, which is the kind of constructive exercise this show was made for," the "Mad Money" host said.