Jim Cramer's 'Stop Trading!': Don't Touch Fannie and Freddie

On "Stop Trading" with Erin Burnett, Jim Cramer talked first about Nordson(NDSN Quote).

Cramer called CEO Edward Campbell "candid, good man" and said there could be no doubt that he was doing a "great job" but that nobody would care about that after last week's earnings disappointment. Campbell had said in an earlier interivew on CNBC that Nordson was doing well in one segment due to a strong demand for chips. But, Cramer said, the company's also levered to SVUs.

Shares of Freddie Mac (FRE Quote) and Fannie Mae (FNM Quote) have been volatile, moving in large movements to the upside and downside.

With Freddie and Fannie up 22% and 15%, respectively, Cramer declared that "the tape is lying today." As for good price points to buy and sell these stocks, Cramer simply said: "I can't touch this." It's too difficult, he said, to predict where they'll go next.

Cramer then brought up another financial firm, Sovereign Bancorp (SOV Quote). "The fact that Sovereign's not down is pretty interest," he said.

Burnett asked Cramer whether Lehman Brothers (LEH Quote) could succeed if CEO Richard Fuld were to leave the firm. Cramer said he thought it could. "I think he's really paralyzed," he said, regarding the CEO's having a difficult time handling Lehman's financial woes.