We have to go back to the checklist. The one i created last month told us to be careful and not be aggressive. Be a seller rather than a buyer into strength. To refresh we have been using a checklist. What could put an end to the pain. One, the fed has to give clarity about where it stands with raising interest rates. The real market has slowed since december but employment hasnt as we saw friday. Thats a big reason the averages have been slammed. Fed is in a bind. We have low unemployment. They are worried about the economy over heating. Janet yellen traces the congress on wednesday. Secondly, we need resolutions of political uncertainty. On the eve of the New Hampshire primary is situation is deteriorated from when we candidates will be and the positions on both sides have hardened against business. Anyone listening to Hillary Clinton realizeses she wants to outdo Bernie Sanders in contempt for wall street which means contempt for your portfolio. Bad. Checks a real no show. Third, we need china to get ready. The stock market is closed for the new year. No check. Just a respite. Fourth, a commodity bottom. All i can say is they are trying hard. Maybe related to a weaker dollar. Too early to decide at this point. Oil needs to stabilize. Crude has been trying to make a stand at 30. I dont know why it should hold here. Oil has been acting it acts better. But its not stable. The cle delaware cline in crude continues to amass the limited partnerships. No bottom in sight. The hedge funds and port foalle owe managers like to show they need oil exposure. Improvement in the geopolitical scene. This was a problem when north korea exploded what people thought was a hydrogen bomb. The north koreaen i cants were at it with a rocket launch. No check for that box. We need the Zombie Companies put to death. In chesapeake, it plunges 33 on concerns it could strug toll pay a maturity that comes due next month. Chesapeake will have a Ripple Effect on Many Companies and banks if it cant raise capital. We have to watch because it is a proximate cause of the weakness you saw in the oil patch and in finance. We were hoping to get releaf from the super freaking strong dollar. Here is a surprise. Because of the decline in the dollar versus the euro the Exchange Rate is back. Versus other currencies. It would be a fabulous change for International Companies in the pharmaceutical industry. It makes me bullish toward the consumer packaged goods. I wish the dollar would get about the pe so but i wont sniff when its unchanged year over year. I want to check it off almost. Sorry. Major negative. None. Ten, a return to the healthy ipo market. Forget it. There are no ipos. This is one of the worst we have seen. Bad for the unicorns. 11, we are afraid of peaks in the economy. We have been looking at stocks of cell phone makers, awesome and Home Builders for the sign of a bottom maybe. No. Not at all. Stocks keep falling. We have to wonder if the aircraft cycle is taking a break. Cant afford to lose that one. We cant take a break. 12, we need sentiment to get negative. The Dow Jones Industrial average hasnt taken out the january lows. We dont know if we are sold yet. It seems negative but not enough to save on the important market bottom which wouldle acquire negative oscillator figure. Now its hanging in. Unbelievably. 13, we want sector leadership to expand beyond f. A. N. G. , facebook, amazon, net flick and google now alpha bit. The stocks are at the apex. There is no leadership now except goldle which isnt what we want to see. Gold is on fire. A reminder of why we want to have some in the port foalle owes. Finally want to see some of the favorite mostly Domestic Companies doing better because of oil. We have gone through a huge part of earnings season and other than clorox no companies have experienced a break in cheaper gasoline or fuel. Regular gasoline. We bought two coffees at dutch bros, two thumbs up. Maybe were the only two beneficiaries of the decline of fuel prices. It put it together, i feel compelled to add a new box. Number 15, credit issues need to be resolved. We are hearing from company that is creditors become harder to come by. At the same time, there is total fear about the european banks and credit issues they may have. Look at the stock prices. They went through the 2009 lows. The issue is front and center. Could overwhelm oh item ifs they arent careful. Bottom line. We havent foun our footing because we havent been able to check off boxes. We added a toxic one. I say you can nibble at the stocks of companies youle really like but if we rally, you need to sell something, raise cash. Get ready for lower stock there are not enough check marks to make me confident we have a real bottom although we could get a training bounce after the certainly due after the hideous action of the last few days. I want to check that dollar box. Maybe a post check. Lets go to neil in colorado. Neil. Jim, chipotle shares are seemingly selling for half of what they were five to six months ago. Is this a good time to buy some . They had a big meeting today. Le im putting a half check up there, not a full check. I feel confident chipotle is on the comeback. I was trying to make it so you could get it at 400. Im being greedy. I think you can buy chipotle because the bad news is out. I think the good news isnt. Lets go to ben in texas. Caller booyah. Caller im looking at gillead. Good price to earn ings ratio compared to the industry. Right. Caller high margins and return on investment. Considering the political head winds is this a good time to buy . I was going to say if it werent for the political head winds it would be. They are just nightmarish. Im talking nightmaish for pharmaceuticals. Im struggling over the strong good to have something positive to say. The euro year over year is almost unchanged. The checklist still reigns. Until we raise cash, just be careful. Maybe nibble at stocks you like. No hurry. Looking to sell if it goes higher. Things look grim. Im cutting open the cadaver to get a sense of what went wrong. It was a rough day on the averages. Dont miss why the west coast is the best coast for buying i could use california dreaming. Im putting last weeks interviews in perspective focusing on stocks to watch. Stick with cramer. Announcer dont miss a second of mad money. Follow jimcramer on twitter. Have a question . Tweet cramer, madtweets. Send jim an email to madmoney cnbc. Com or give us a call at 1800743cnbc. Head to madmoney. Cnbc. Com. politely wait, wait, wait you cant put it in like that. You have to rinse it first. Thats bakedon alfredo. Bakedon . Its never gonna work. Dish issues . Trust your dishwasher with cascade platinum. It powers. Through. Your toughest stuckon food. Better than finish. Cascade. A heart attack doesnt care if you run everyday, or if youre young or old. No matter who you are a heart attack can happen without warning. If youve had a heart attack, a bayer aspirin regimen can help prevent another one. Be sure to talk to your doctor before you begin an aspirin regimen. This market is a blood bath. As bad as today was for averages dont forget friday was terrible. Nearly every high growth stock obliterated. The reason, we have two horrific forecasts from tech stocks, linkedin and tabo software. Both reported in line results but the call commentary was negative enough to crush the stocks like tin cans. Linkedin lose ing 44 and 49 for tableau. Cohort went into a tail spin. The pin action was alarming and its important for us to understand what went wrong here. Thats why tonight we are going full bore, all right . Full bore csi style doing an autopsy of what went wrong at linkedin and tableau. Helping recruiters find job openings. Linkedin was a high flying stock the cause of death, only looked at the headline numbers in the past quarter the results were kind of solid. When you check out the guidance, sales and earn ings forecast for street was expecting. The company lost 11 million billion of market capitalization in a single session. Its like finding ligature marks on a body to extend the metaphor. Linkedin got hit with cuts with half the wall street terms turning against the network in the blink of an eye. Unusual as analysts excuse it from earn ings misses before. Not this time. Lets cut open the cadaver for a sense of what went wrong here. Linkedin gave a Bleak Outlook for 2016. Management came out and said they are seeing serious weakness in the middle east, africa which is a depar temperature from what other cloud plays said about the regions. Linkedin predicted continued weakness. Worry they are pointing out the Macro Economic weakness. That changed the way people view the stock. It become cyclical overnight. Before friday these companies were seen as secular growth plays that dont need a strong Global Economy to do well. Linked in told you different as the worldwide weakness causes a deceleration in hiring Revenue Growth from the low 30s last year to low 20s going forward. Major out of the blue linkedin plans to phase out a stand alone Marketing Tool to help businesses deliver leads to sales teams out of mo where. Management was positive about it a quarter ago. There are signs of life at linkedin. It is cyclical but businesses are getting killed. Grew by 85 year to year. Management is looking strong among the regular subscribers. They had a story to tell. The question is how do we value momentum. Suggesting you can pay 40 times next years earning downs from 50 before linkedin reported giving you a 1555 price target. 155. Even though the expectations have been reset, we need the same thing to happen with the Shareholder Base as the overly optimistic we cant get wiped out. Dont be surprised to see forced hedge fund selling. The firms credibility is shot until we see a better quarter. They just reported so not for another three months. How about Tableau Software. The company is next to nothing in common with linked in. It is not a mobile social play at all. It is data analytics. Whats the cause of death here. The headline numbers from the quarter looked okay. The guidance, a disaster for 2016 fiscal year. As analysts fell all over themselves to downgrade the stock it closed at the lowest level ever and it continued today down nearly 10 . On the Conference Call management acknowledged the availability of cheap low end products was planning on Slower Growth with the ceo saying the dynamic is crowded and difficult and they will certainly grab some market and have some success. Beyond that tableau saw a desell radiation. Just doesnt seem right. It is down from 57 in the previous quarter. The existing customers would be more cautious with customers and they are still giving them more business. While tableaus International Business was strong the bulk of sales come from the u. S. And canada which grew at 35 . I know, measly but down from from the previous quart. Tableaus growth is decelerating and thats the opposite of what Money Managers will pay for accelerating Revenue Growth but dont know what to do with decelerating so they sell it. Tableau is a viable, well run company not growing like it used to and growth is the reason to own it. Thats why the high growth performance managers own it. Once growth decelerates we are unclear. After the huge selloff friday continuing to climb today and it was down tableau trades now at 53 times next years earn ings down from 90 before the quarter. Pricy. There are low price competitors coming in. Perhaps it should be cheaper. A better run company with expo sure to cloud is selling at 55 times earns. That seems wrong to me. The older Companies Like microsoft sell for 16 times earn ings. Thats attractive to me. Two so there is more down side. The pin action from linkedin and tableau was merciless. Consider splunk. They help companies clean data in real time. They released no data on friday and the Stock Plunged 25 . Slammed again today 12 . Cause of death for splunk, guilt by association. Tableau software is hurting everyone in the space as investorings worry the industry is in trouble. Linked in and tableau are in trouble. The weakness created a sell off in the whole high growth cohort for social, cloud and analytics. The other Companies May be doing fine. But yelp issued numbers midday. Not giving me comfort. You have to trade lightly. They are just too darn risky. There will be a time when the selling is over done and it stay tuned. But not yet. Much more mad money ahead. Im giving you the post game wrap up. Be worth owning. Then i will reveal what could be the single most important factor for wall street going forward. Your callses rapid fire in tonights edition of the lightning round. Why dont you stick with cramer. I couldnt sleep and get up in time. Then i found aleve pm. Aleve pm is the only one to combine a safe sleep aid plus the 12 hour pain relieving strength of aleve. Im back. Aleve pm for a better am. Stress sweat. It can happen anytime to anyone. Stress sweat is different than ordinary sweat, it smells worse. Get 4 times the protection against stress sweat. Jill and kate use the same dishwasher. Same detergent. But only jill ends up with wet, spotty glasses. Kate adds finish jetdry with five power actions that dry dishes and prevent spots and film, so all thats left is the shine. For better results, use finish jetdry. Working on my feet all day gave me pain here. In my lower back but now, i step on this machine and get my number which matches my dr. Scholls custom fit orthotic inserts. Now i get immediate relief from my foot pain. My lower back pain. Find a machine at drscholls. Com janet . Cough if you can hear me. Dont even think about it. I took mucinex dm for my phlegmy cough. Yeah. But what about mike . It works on his cough too. Cough it works on his cough too. Mucinex dm relieves wet and dry coughs for 12 hours. Welcome to cnbc one market in the heart of San Francisco. We are not just transforming the world of creative. We are moving every business to online. In a fragmented market people turn to brands they could trust. These devices are saving lives. Every year we have delivered three new versions of sales force. No Enterprise Software delivered we are a technology company. Change ing the way athletes dress to changing the way they live. Say booyah, please. Booyah. Its time to put the past weeks interviews in perspective. Granted comments from ceos of individual Companies May not be that relevant in an environment where the bear runs freely. When we dont Pay Attention we miss opportunities as all the team that is matter is the heft iest of cash positions. Give you insight into what i heard because it wasnt as grim as todays terrible action would indicate. In fact some of the stocks are moving nicely. I am going to group them in terms of opportunity because you can consider stocks worth buying on the way down. None of the stocks should be bought if they are flying up. The way to buy weakness or you will get hurt. When i say buy you should understand me as presuming weakness, not strength. The first stock you can buy is verizon. This is a company in the sweet spot of technology with capital preservation so important now and capital appreciation. Two streams. No wonder it hit a high in the middle of fridays con florida immigration. Lowell mcadam is in the cat bird seat for technology. Verizon, the network with the strongest signals and best record on dropped calls that defines success in a world where other companies in the sector are struggling. He said the claims of others like tmobile. Even though sprint didnt have much. Appointed. Verizon works closely with apple. It will feature the iphone 7 quite prom lently and it is a significant upgrade. Given the slow valuation and the coming upgrade that could exceed a billion devices with revenue rolling in. Apple is one of the ownable pure techs now. Verizon over the top disrupter interested in the nfl and as we learned in a news worthy item friday, yahoo which lets say he dropped this bomb. We said we would look at it. I think the board has been responsible in how they are doing this. Very deliberately, logically. We have to understand the trends we are seeing and the results now. At the right price i think marrying up some of the assets would be a good thing to invest in. Sounds like a green light to me. With this cash flow in the Critical Technology verizon is a monster go to name in the market. Dividend, huge. Support, terrific. It sounds odd oh. Its all about cutting edge tech, beating the competition. Next would be yum brands. In my opinion with the stock at 67 the impending break up isnt reflected correctly. Greg creed made it clear, with the colossal buyback in here now. One of the most intense on the New York Stock Exchange at yum prepares for the spin off. I like the prospects in china and the rest of the world. You could hear creed when i called it plodding. It is growing faster than many realize allowing for a good income scream. I was taken with the taco bell numbers. Thought they were aided by chipotles weakness but the two have different ethos. Kfc is on a solid footing, too. You will end up rouning the rest of the business at a sizable discount. China is less clear. Kfcs annual, some of the bad problem quarters because pizza hut is so muddled. I didnt hear anything good about the recent numbers which are suboptimal. With the China Business you are making a change here and now. Kfcs growth could obscure the weakness until pizza hut is fixed and that could be the case. Otherwise you are hoping its kfc. Yum is the story that works in this environment. If im right that pizza hut will improve you can buy it. I like these levels. Month went on. There is a larger share in part by connect ing through social media. Clorox is known for innovation. So much as line extensions. I question it when i look at burts bees. The health and wellness. Wow, i like the stuff. The Natural Organic issue of li