NEW YORK (TheStreet) -- "Something big has changed in this market," Jim Cramer told the viewers of his "Mad Money" TV show Monday. He said for the first time in years, it's actually OK to buy the banks into weakness.
"We no longer have to fear the banks," said Cramer, who noted that the media's relentless assault on everything financial has seemingly come to an end. He said after two years of almost non-stop negative coverage, readers are finally tiring of bank bashing articles, so publishers and editors are moving on.Case in point, positive articles on JPMorgan Chase (JPM) and Bank of America (BAC), two stocks which Cramer owns for his charitable trust, Action Alerts PLUS, along with Citigroup (C), just in the past few days. "Media matters," said Cramer, who blessed buying Bank of America, Citigroup and Wells Fargo (WFC) into weakness. Cramer also said that Huntington Bancorp (HBAN), which filed for a $920 million equity offering to repay its TARP loan, also remains a favorite. He said investors "must get in" on Huntington's offering if they can.
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