Cramer Blames Banks for Current Unemployment, Crappy Economy
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Rating Summary:
26 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 2
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Jim Cramer, admittedly feeling under the weather, might need a big bowl of matzo soup. He's getting a little ornery.
On Twitter (@JimCramer) Thursday, he wrote:
"MFG v. Services--if banks weren't laying off we might have big numbers in this country."
According to Cramer, big banks are one of the top reasons for the U.S. unemployment rate, lack of job creation, dismal economic expansion and home sales, and so on. Does this mean traders should start shorting Bank of America (NYSE: BAC), Citigroup (NYSE: C), JPMorgan (NYSE: JPM), Wells Fargo (NYSE: WFC), Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE MS), and a slew of others (if they haven't already)? All are indicated lower Thursday morning...
On Twitter (@JimCramer) Thursday, he wrote:
"MFG v. Services--if banks weren't laying off we might have big numbers in this country."
According to Cramer, big banks are one of the top reasons for the U.S. unemployment rate, lack of job creation, dismal economic expansion and home sales, and so on. Does this mean traders should start shorting Bank of America (NYSE: BAC), Citigroup (NYSE: C), JPMorgan (NYSE: JPM), Wells Fargo (NYSE: WFC), Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE MS), and a slew of others (if they haven't already)? All are indicated lower Thursday morning...
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