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Mad Money starts now.

Hey, I'm Kramer. Welcome to Mad Money. Welcome to Kramer.

I'm doing my friends. I'm just trying to make a little

money. My job, not just to entertain you, but to put days like today in context, because

they are nutty. So call me, 1-8007.4-3 CBC. Tweet me at Jim Kramer. The Don

bond market is really screwing things up here. Bonds are wrecking the narrative, driving the people out of everything that works when the Fed cuts rates.

And they're going right back into tech. That's the opposite of what, if you're a true bull, you want to see.

So even though the Dow only dipped to 155 points, this would be advanced 0.16. But of course, the NASDAQ, jumping to a record, closed, gaining 0.78%. The market's getting narrow again. It's getting uninclusive, meaning it's not healthy.

Because the winners are more narrow and concentrated, mainly in tech, and not much else.

See, if the bond market doesn't start behaving, at least calming down, if longer-term interest rates don't stop going up,

we're going to start losing the groups that have let us hire for months now and go back to our bad old ways of

just a couple of magnificent ones. In some ways, you know what this was predictable.

When we got win that the Fed was going to bless us with that 50 basis point double rate cut,

people went nuts. They're trying to buy bonds. They were betting that they would have a rapid series of rate cuts this month, this month, this month, this month,

this month. With the Fed would push down bond yields, it seemed a total legit thing, right? I mean,

the economy is slowing. That's been the pattern historically. Inflation was receding, so history

is supposedly repeating itself. But then after that darn double cut on September 18th,

we saw something that hasn't happened since 1995.

We saw long rates go higher, not lower.

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