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Jobs Report Jolts Us Back to Reality

By Jim Cramer

 About this article:
 Horrible jobs number, no two ways about it. Just horrible. Totally inconsistent with what's been going on away from it and totally consistent with the idea that we need a second stimulus plan and we need it now. Plus today we are trapped in a world where there is no rejoicing over the fact that gasoline crested before $3, and instead we see that oil is coming back down hard to more realistic levels. The jarring nature seems almost ludicrous, considering what's been on the run -- minerals, steels -- vs. what hasn't been: drugs and foods, ex earnings surprises. Of course the conventional wisdom kicks in quick and says it is all over for everything. I continue to believe that the recovery will be a slow one featuring stabilization of housing, then stabilization of commercial real estate, with slow job growth, particularly related to autos, and today is...

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