ETFC, CFC, WM Stop Making Sense

These financials have become impenetrable. E*Trade's (ETFC - commentary - Cramer's Take) worthless, but is it? Isn't that brokerage business fabulous? Yes, but the negative worth of that portfolio is just overwhelming and should wipe out the company.

Capital One (COF - commentary - Cramer's Take)? It's down more than the mortgage companies, perhaps because investors are worried about whether high interest is the next target.

MBIA's (MBI - commentary - Cramer's Take) down a ton -- but PMI (PMI - commentary - Cramer's Take) is up?

AIG (AIG - commentary - Cramer's Take) is getting crushed and again seemingly going back to the low $50s.

Washington Mutual (WM - commentary - Cramer's Take) hangs in but Countrywide (CFC - commentary - Cramer's Take) goes down.

The whole thing has become totally ungameable.

We are at a crossroads where the day-to-day can't be fathomed.

Find the ones you like and sell the rest.

It's only going to get more difficult as we go toward the Fed meeting.

At the time of publication, Cramer had no positions in any of the stocks mentioned in this post.

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