Just as weakness in Europe and China dragged down the S&P 500 back in 2011, Cramer believes forthcoming strength is about to drive it higher in 2013.
Now, make no mistake, although there are China and EU skeptics in the market Cramer is not among them. He is convinced both economies are getting stronger.
"We're just getting fabulous news at every turn: for example we've gotten a robust PMI from China, we've seen incredible gains in the Baltic Dry Freight Index, and we've gotten a fantastic Chinese export number, 7.2% growth versus the 6% people expected."
Looking at Europe Cramer sees similar positives.
"Hardly a day goes by when we don't see some electric number out of Europe, whether it's a better than expected
, or improving confidence numbers."
All told, Cramer thinks the turn overseas is undeniable.
And for investors, here's the important part -- he doesn't think China and Europe are properly factored into the market. "Right now Europe and China aren't the focus for most investors," he said. Instead it's tapering and raising rates.
Therefore Cramer believes US stocks that are likely beneficiaries of a recovery in Europe and China are too cheap.