Jim Cramer had a hard time believing that all it took to turn this market around on Wednesday was a little chit chat between Germany and Greece. The truth of the matter is, even if the Greece talks failed—there are still plenty of positive indications stashed under the market hood.
But today the better tone between the two countries gave some sense to investors that this issue could soon be over, and the market roared in response.
"That's a little too simplistic. The truth is, there are things happening underneath that are showing positive signs, even if those signs may not necessarily lead to all the good things they seem to be pointing to down the road," the "Mad Money" host said. (Tweet This)
So, what were some of the positive signs that played a big role in Wednesday's trading?
One positive was the dramatic boost in interest rates for the German 10-year bond. Normally, Cramer would consider a huge increase to be a bad thing. But in this case, the rates were so insanely low that it was frightening. At least now they are out of the fear range, which is a sign of Germany's improving economic health.
This is good news, because Europe's strength has finally relieved pressure of a strong dollar.
Cramer is also very suspicious of how quiet the Fed has been recently. It has totally gone silent. This is one of the longest stretches that Cramer can ever recall of someone grabbing the mic and blabbing about a rate hike.
"Don't underestimate how important it is that the Fed heads shut up. They create more uncertainty on a daily basis than pretty much everyone else," he added. (Tweet This)
So, while it was certainly good news that the market was stronger on Wednesday, Cramer is still skeptical. If there is one consistent theme in 2015, it is that there is never any follow through. That means we are not out of the woods, yet, he said. Maybe just a pretty meadow with a few flowers.