Cramer's 'Stop Trading!': Wal-Mart

When Jim Cramer was asked on today's "Stop Trading!" segment on CNBC for his take on the jobs number, he replied that, "It just wasn't a good number, Steve.... But one of the things that really caused this market to go haywire is that predictions got way too positive."

"It's just like when we raised numbers too much for the stocks, like when we were going into the collapse last year," Cramer said. "And the only reason that stocks have kind of had a nice lift, is that the numbers got so low, that you could beat them. And now I think with this employment number, that you begin to worry that the numbers have come down too far."

When Steve Liesman asked if 9,500 is the new bottom, Cramer replied: "You've got to peel open the makeup of things here. Yes, if you own McDonald's(MCD Quote). And yes, if you own Wal-Mart(WMT Quote). And yes, if you own Pepsi(PEP Quote). And no, if you own Illinois Tool Works(ITW Quote) or PNC Financial(ITW Quote).

"This is a very bifurcated market, and it's giving you the wrong signals.... Look where the action is. Are people taking up the big, heavy industrials today? I don't think so. That's not what's happening."

Of Appleand Google(GOOG Quote), Cramer said, "those are secular growers that are coming at the expense of others. Those are not employment plays."

When asked more specifically about Wal-Mart, Cramer replied, "You look at Wal-Mart, and by this point in the recovery I wanted to hear that things are getting better. And they're just not saying that."