Cramer's 'Mad Money' Recap: Feb. 9

This article was originally published Feb. 9

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"Meredith Whitney, not Tim Geithner, will determine the fate of the financials tomorrow," Jim Cramer told the viewers of his "Mad Money" TV Show Monday.

He said Whitney, a financial analyst at Oppenheimer, now packs more of a market-moving punch than even the new Treasury secretary.

Cramer said the fate of the financial stocks, including whether they live, die or become perpetual zombies, all rests with Whitney, as hers comments are the only ones investors listen to and trust, given her long track record of being right on the financials.

Despite what plan or comments Treasury Secretary Tim Geithner may make, it's Whitney's comments that will move the financials.

Whitney, a long time bear of the financials, has advocated banks sell their most valuable assets in order to fund their misguided lending operations. This in stark contrast to Cramer's support of a forbearance plan, which would allow banks to keep their prized assets and instead get a temporary "pass" from the government to return to stability.

Last week, Whitney again told investors to not even consider owning banks on a equity basis. Cramer said any change in Whitney's stance on the banks would be huge for stocks like Bank Of America (BAC Quote), CitiGroup (C Quote), Wells Fargo (WFC Quote) and JPMorgan Chase (JPM Quote). But he said that shift in stance is not likely to come tomorrow, nor anytime soon.

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