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(This program last aired Dec. 30, 2013.)
NEW YORK (TheStreet) -- It's an incredibly confusing time to be an investor, Jim Cramer told his "Mad Money" TV show viewers. With such a flood of facts and data flowing from companies, analysts and government sources, it's increasingly difficult to figure out what matters and what doesn't, said Cramer. That's why his new book, Get Rich Carefully, aims to separate the over-hyped and unimportant from what really moves the markets.
The first tip from Cramer's book is on unemployment data. Every week the Labor Department releases jobless claims, but this number can largely be ignored, said Cramer. Also ignore a similar metric released by payroll processing giant Automatic Data Processing (ADP).So what really does move the markets? Cramer said the non-farm payroll numbers do. He said this number has historically had lasting effects on the markets. Bad reports send the markets lower, while good ones make bull markets soar. Bad reports followed by more bad reports multiple these effects. Cramer said his bottom line to investors when investing on non-farm payroll day is to wait until 10 a.m. ET, after the shorts have covered their positions. Only then will the market take a breather, giving individual investors a chance to get a good price.