Cramer's Take on Top-Searched Stocks

Updated from 8:03 a.m. EST

Another day, another 3% lost in the markets. For the sixth straight session, major indices slid as investors were faced with more bad news.

The Commerce department reported that retail sales were down 2.7% for December, more than twice the expected 1.2% forecasted by analysts. Job losses and credit limitations were blamed for the reduction in consumer spending.

Financial stocks were the biggest losers of the day, particularly banks. Duetsche Bank(DB Quote) dropped by more than 9% after announcing it would post a fourth-quarter loss, while HSBC(HBC Quote) and Bank of America(BAC Quote) took hits after analysts expressed concerns. But Citigroup(C Quote) was hit the hardest, tumbling 23% and dropping below $5 a share as more investors lost confidence in the company. ...