(Click here for video linked to a searchable transcript of this Mad Money segment)
Cramer is growing concerned that a paradigm shift may be underway in the stock market. If it is and you hold stocks, you'll need to act.
The issue at hand is a sudden spike in interest rates.
Since May 2, the yield on the 10-year Treasury note has increased from 1.63% to 2.15%.
Although that would seem fairly harmless at face value, it's actually an extraordinary increase – more than 30% and the yield is at a 14-month high.
Cramer's concern involves the way in which higher rates ripple across stocks.
For the past several years, investors have been putting money to work in the stock market because the yield on bonds was so low. And largely they had been buyingdividend yielders.
However, the higher rates suggest the money flow may reverse – that is, go out of stocks and into bonds.
Although the theory may sound speculative recent price action suggests the shift may already be underway.
Since the rate spike on May 2nd, the lagging sectors have been utilities, consumer staples and telecommunications. And all of those sectors are made up of tried and true dividend payers.