LEH Layoffs Mean More Trouble for the Financials

Financials totally collapsing now. Lehman (LEH - commentary - Cramer's Take) finally giving you the layoffs.

I say finally because despite repeated estimations of major layoffs, we haven't had any on Wall Street yet. I fact, there have been fewer layoffs this time around than I have seen in some pretty decent times.

Until today.

We are getting to a moment that feels like pure panic on the financials. But we simply don' t have those bank runs yet.

They are coming, though.

That's what this current decline signals.

No bottom yet.

At the time of publication, Cramer had no position in the stocks mentioned.

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