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Steer clear of financial stocks right now, Jim Cramer told viewers of CNBC's "Stop Trading!" segment Wednesday.
Cramer said he is "consistently concerned about BAC [Bank of America(BAC Quote)]." He predicts it will continue to go lower, and he is "very concerned about this situation."
Continuing on negative news in the financials, Cramer said to "stay away" from the financials. He said that Freddie Mac (FRE Quote) and Fannie Mae (FNM Quote) are "technically insolvent." ...
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