NEW YORK (TheStreet) -- "Sometimes huge moves in few stocks can signal which ways the market's headed," Jim Cramer told the viewers of his "Mad Money" TV show Wednesday.
He said the key to understanding the markets is to learn what the big movers are signaling.
Case in point, Panera Bread (PNRA Quote), which was up 7% today on a strong quarter as consumers trade up from fast food to better food, along with heavy equipment maker SPX Corp (SPW Quote), which was down sharply on falling new home starts.
To the novice investor, the moves in these two stocks may not seem important. But Cramer said to him, they're signaling that the consumer economy is good, but the industrial economy is not only bad, but may be getting worse.
Cramer said investors are right to worry that a new leg lower may have come to the markets. More...
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