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Cramer: Sweet spot alert! World getting better

It might have been a rough day on the tape Monday, but Jim Cramer says the world is getting better.

He noted that even as Europe is finally turning around, both China and oil have bottomed.

"These two threads are important to keep in mind as we go through the height of earnings season this week because they are very contrary to conventional wisdom. But it is unmistakable," the "Mad Money" host said.

On the Caterpillar conference call, management stated three times that China was getting better, and Asia was up year over year. Caterpillar added that it has already seen a gain from the recent change in commodity prices and was generally positive about the rest of the world.

The key signal within that statement to Cramer was that China is coming back.

Another bullish sign for China: it is...