Sometimes even Jim Cramer has to make himself wake up and smell the roses to see what is really driving the market, because today's influences were all pretty darned positive.
The first thing that has been driving stocks higher is the decline in value of the dollar.
"The strong dollar is the enemy of pretty much everything American these days, from our profits to our job market," the "Mad Money" host said.
Cramer went on to explain that so-called partners in trading are really out to kill us. They intentionally devalue the local currency in their country so they can attract U.S. business, which would explain why most stock markets around the world are higher while the U.S. is behind them.
The second positive focus was on Johnson & Johnson. This company reported numbers that were just plain hideous on Tuesday, citing the strong dollar. And what happened? Investors overlooked it.
Cramer thinks if investors are willing to overlook one of the most internationally oriented companies in the world, this says that they really aren't freaking out about the weak currency translations. That's huge!
The third influence is that it finally seems as though oil has finished its downward slide. It hit the $43 mark, which Cramer believes might have been the bottom, and it has since managed to hold its ground, closing at around $53 Tuesday. Cramer thinks low oil prices are important, however it is important to keep in mind that if the price of oil were to continue to plummet this would impact job growth.
So, while he doesn't want oil to rally up into the $60s, he doesn't want it at the $40 price either. Many big investors just want oil to stabilize, and that is exactly what is happening.