Today's market opening was "plain stupid," Jim Cramer said on his
"RealMoney" radio show Thursday.
The market rallied two days before the federal employment report is expected to come out, but then the market went down Thursday, because people have the perception that we can't rally ahead of a
number, he said.
The market subsequently moved higher, with all three major indices in positive territory.
You can't anticipate a
Fed number, Cramer said. Tomorrow's employment report is the one that that Fed watches the most closely. When there are a lot of jobs created, the Fed tightens rates. If tomorrow's number is weak -- and the consensus is that it's going to be weak -- then it will stop tightening, he said.
This market is such that every time it's up, the next morning it goes down, Cramer said, adding that although it doesn't necessarily stay down, there always seems to be some event that causes it to go down.
, which Cramer owns for his charitable trust,
Action Alerts PLUS, was too cheap at $139, he said, because he saw a lot of interest in the stock and because of the fact that the retailer sells air conditioners.
If you bought it, Cramer said, you're up five points. Sears was recently at $143.35. This is the kind of trade you make, and move on, and lighten up a little on, he said.
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If people want to be in a stock that has been very consistent, then they should look no further than Hewlett-Packard, he said, adding that it is the only tech stock he feels comfortable saying you should invest in now.
To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.
At the time of publication, Cramer was long Sears.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
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