Market Features
Breathing room. That's another way to look at it. We need to have some marriages right now. Citigroup(C) should buy Washington Mutual(WM). We need Wachovia(WB) to combine with someone. We need Wells Fargo(WFC) to step up and be the big guy.
I do not believe that these banks are ready for this moment, but they can work fast and get together, knowing that they will be able to separate their institutions into good banks and bad banks and have a place to go. Possible mergers: Wachovia should merge with Morgan Stanley(MS) -- let's stop fooling around. Citigroup should buy Washington Mutual. JPMorgan Chase(JPM) should take advantage of this and go in and buy, buy Goldman(GS). Yes, that's what should happen. Bank of America(BAC) should keep rolling things up. Breathing room matters. We need it. We are getting it. There are banks who want to remain independent. That's foolish. Time to get married. At the time of publication, Cramer was long Goldman Sachs, JPMorgan Chase and Morgan Stanley.TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |
Connect with TheStreet