With a strong employment number reported on Friday, Jim Cramer still considers the market to be just crazy town. Most investors have been conditioned to believe that good news is bad news because that meant the Fed would raise rates. On the contrary, the market actually liked the strong employment number and rallied in response.
"We regard this strong jobs number as a sign that things are good enough for the Fed to tighten, so, bring it on," the "Mad Money" host said.(Tweet This)
So, now Cramer is operating under the assumption that everyone with a pulse knows the Fed will raise rates, and everyone will just have to wait to see what it says in its commentary when it happens. If it's a "one and done" rate hike, then Cramer anticipates the market will rally like it did on Friday.
Until then, he will proceed as usual. With this in mind, Cramer outlined the stocks and events he will be watching next week.
Wednesday: Lululemon Athletica
Lululemon: Many investors want to own this stock because they think it could be taken over. But then, if the earnings are not good, investors sell the stock again. Going into the quarter on Wednesday, Cramer considers this stock guilty until proven innocent.
"My problem is that I can never recommend a stock on a takeover basis if the fundamentals are suspect, and I think they remain suspect at Lululemon," Cramer said.
Read MoreCramer's game plan: Bring it on, Fed