With so much attention on thedebt debacle, Cramer fears you may have missed an important development in the market.
Aloca earnings, which were released earlier in the week, were bullish for global growth.
"I thought Alcoa painted an incredibly rosy picture, one that shows that we are about to really break into a global head of steam," Cramer said.
The Mad Money host noted a number of metrics he found impressive, many of which involved Alcoa's engineered products business. That's the division that crafts aluminum into cast metal items; things such as plane fuselages.
Looking at aerospace, "Alcoa cited a backlog of 10,000 aircraft. And sales in this part of Aloca's business are growing at a 9 to 10% clip," Cramer said.
And the strength isn't isolated to just one business unit.