No bell ever goes off at the bottom. But if did, Cramer thinks you'd be hearing some clanging on Wall Street about now.
Largely, the Mad Money host believes that the market's fear of China is starting to abate and that small development that could have big implications.
"I ask you, what number gets China off the radar screen? What number do we say, okay, enough already," mused Cramer. "I think we may have gotten it last night."
That is, last night in the US (which is Monday morning overseas) China released new data which showed second quarter growth came in at 7.5 percent meeting expectations.
"It was actually in line. That's right it didn't disappoint for a change," Cramer said.
And even though growth was down from 7.7 percent in the previous quarter, "it didn't take the market down. It didn't cause people to talk wildly about the collapse of China," Cramer said.