We got nothing from this number. It tells us nothing new. It is another strong number. It may be priced in. But it is another strong number. It is another pain-in-the-butt number, because it makes murky water murkier.
No respite from the macro.
Remember, markets like clarity. This number makes nothing clear. It simply continues the debate between those who would want a 50-
basis-point tightening and those who want a 25-basis-point tightening.
Get me Hobson!
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund had no positions in any stocks mentioned. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at