When Jim Cramer saw the weak employment numbers on Friday, he stood up and cheered. Not because he's happy that a lower number of people were hired, but because he knew that it would accomplish some amazing things for the stock market—including shutting up investors who only care about the Fed.
"Jokers, just a bunch of jokers. I'm talking about all of those sellers and worrywarts who freaked out on Friday's sorry employment number," the "Mad Money" host said.
In Cramer's perspective, the weak employment number was a good thing because it accomplished the following four things:
1. Shut up the "Fed Heads": Finally! The crowd that does no homework on individual stocks and is solely worried about what the Fed will do was silenced.
2. Slow the rise of U.S. dollar: It could have even reversed the USD climb for a little bit, too.
3. It explains things: Phew, things are starting to make sense now. Cramer saw a few wacky things happening in the market, and this could justify the wackiness now that we understand there is a weak employment situation.
4. Most companies do better with less economic growth: The fact of the matter is that most companies that investors are buying these days actually do better with slower economic growth.
However, the moral of the story is that Cramer thinks investors should be wary of futures. He is proud of the fact that he knew weak employment would be good for the market, while the futures traders tried to prove him wrong.
"We can stipulate once and for all that whoever is trading the futures may just not have any sort of understanding about the interaction between the economy and stocks," he added.