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Jim Cramer Return Risk +1.85% MID Tracked Blogger Profile & Performance Subscribe to author

Symbol Sentiment Start Return Closed C 09/04/09 -13.58% -- BAC 09/04/09 -6.24% -- JPM 09/04/09 +6.03% 10/06/09 PNC 09/04/09 +36.83% -- Via BloggingStocks:   Filed under: Market matters, Citigroup Inc. (C), JPMorgan Chase (JPM), Bank of America (BAC), Stocks to Buy, Cramer on BloggingStocks From TheStreet.com Network Bank Stocks Face Pressure From Treasury Tough Talk Citi Set to Complete Preferred Exchange The Street.com's Jim Cramer says that history should resonate here, if you don't want to repeat its mistakes. We've heard lots of talk about how the banks have run, how they are too expensive and how they have to give back those spectacular returns. I have seen the argument on this site that things are rapidly deteriorating and the banks need to raise more capital. And I wrote yesterday that I heard it all before. The history never seems to matter among the bank bears. Even when I say that I owned big stakes in banks and every one of them worked out, no one seems to care. The pattern, the nay-chorus says, is rally, which we definitively have had, then severe selloff and then oblivion. Continue reading Cramer on BloggingStocks: Don't throw in the towel on financials Cramer on BloggingStocks: Don't throw in the towel on financials originally appeared on BloggingStocks on Fri, 04 Sep 2009 09:50:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments   Read the rest of original post »

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