But on the flip side, Cramer said these European issues are not enough to cause him to panic, or to not pick up some great U.S. stocks at great prices. Cramer told viewers they need to ask themselves a simple question, "Are the stocks in my portfolio better off today than they were three years ago?"

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In the "Executive Decision" segment, Cramer sat down with Charles Koppelman, executive chairman of Martha Stewart Living Omnimedia (MSO), which is coming out of the recession with flying colors.