Investors already seem to have forgotten Friday’s terrible job number. The stocks that depend on a strong economy have been “roaring” on Monday, Cramer said during Stop Trading!.
“Employment does drive these kinds of companies,” he said, “and employment’s bad.”
Cramer pointed to the action in FedEx , whose delivery business is often used as a gauge of economic strength. FDX was up about $1.50, or 2%, in Monday trading. He called the move "wrong."
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Caterpillar announced price increases for 2010, again, something Cramer wouldn’t have expected given the economy. But the fact that CAT can raise, he said, indicates we’re “too United States centric.”