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Please me, Jim Kramer. Things have changed for the worst.

There's a shroud now over this market, and you ignore it at your own peril.

Even on a good day like this one, where the Dow dropped 801 points,

but the estimate gain 0.3%, and the NASDA client 0.86%.

Deacon come back from Friday's tsunami of selling...

Sell, sell, sell, sell, sell.

But really not an overwhelming one.

So what's changed that has me turn much more cautious?

Well, first, the stronger than expected employment report on Friday was awful for the Bulls.

Because the Bulls desperately need one or two rate cuts this year to keep this market going higher,

and you don't get rate cuts when the labor market's the solid.

I always tell you that the non-farm payroll report is the single most important piece of data we get from the government.

And that's because it has an impact on the Federal Reserve.

On Friday, we got a surprisingly strong employment figure, certainly stronger than I was looking for,

so strong that I think

you could argue that we might actually need a rate hike to cool the economy, not a rate cut, to turn

the temperature up. Now, I am a huge believer in the late Marty's Wig's notion that you can't fight the

Fed. When the Fed is raising rates, as I think they may have to,

...