Jim Kramer here to share with you a sample of my take on the market from today's

CNBC Investing Club warning meeting.

We have seen a market that frankly has taken over by the Bulls in many different sectors

kind of rotating, but today it's a broad participation.

We've got the NASDAQ doing very well.

We've got the S&P doing well. And of course, the Dow's up. And one of the things that is allowing

that to happen is we got at 830 this morning an employment number that, frankly, it's very strong.

Without a lot of new inflation, though, kind of in plan inflation with more jobs.

And that gives the opportunity of the Fed to cut when they do meet.

And I think that what's happened is that we now favor a heavily, fairly favored 25 basis point rate cut at the December 18th Federal Open Market Committee meeting.

80% chance that will happen.

That unleashes a lot of opportunity because there we feel that, you know what,

it's all kind of in the market that we get it.

No surprise, when we have no surprise, that allows us to, let's say, have the animal spirits kick in. Let's go over the numbers,

slightly strongly expected, 227,000 jobs. The estimate was for 220,000. Revision is for prior two months,

50 plus, 50,000, not minus. Unemployment rate did tick up to 4.2% from 4.1, so that gives the Fed

cover to be able to cut if they so want to, and I think they do.

Labor force participation rate dips from last month.

Again, that's an opportunity for the Fed to be able to say, listen, it's time to cut rates.

Aversely earnings increase, 4.0 versus 3.9, expected, that's in line.

The reaction immediately from the bond market was that rates went lower.

Now this is very important because obviously rates have been going down, down, down,

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