Jim Cramer sees investors are fraught right now, because of the potential for a very difficult day of events on Friday. Worried investors hammered the market Thursday.
"Unfortunately, at least for the bulls, we have not one, not two, but three big bad events staring us right in the face," the "Mad Money" host said. (Tweet This)
The first of the big events on Friday morning is the Labor Department's employment report. Cramer has done extensive research on this, and warned that all non-farm payroll numbers are very important. All it takes is one number to determine the direction that the market is headed.
The next issue is Greece. Cramer said on Wednesday that he thinks the media has hyped the issue too much, but that doesn't mean it has gone away.
The third issue on Cramer's radar for Friday is the big OPEC meeting. In Cramer's opinion, it is pretty obvious that Saudi Arabia wants to maintain its market share and is willing to do so by any means necessary.
"I'd be remiss if I didn't acknowledge that these are real problems. There's typically a relief rally that comes after these big bad events. However, that might not occur until next Tuesday," Cramer said.