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Jim Cramer is starting to wonder if events in Europe are about to have a major impact on the US stock market.
Earlier in the week during conversations on Mad Money, CEO Sandy Cutler from Eaton and CEO Chuck Bunch from PPG both indicated that headwinds from Europe may not grow worse than they already are.
"Then, on Tuesday we got numbers from two of Europe's biggest banks, Deutsche Bankand UBS, and I found them to be spectacular," said Cramer.
The Mad Money host thinks the proprietary information he uncovered during the interviews combined with results from Deutsche Bank and UBS may be prescient.
Cramer's conclusion - "I think it's possible Europe may be bottoming out," he said.