He said the company has "a terrible PR problem," but he felt "very strongly" that its release of the executive summary of its latest TARP report was a "smart" move. "This company needs to get away from the yoke of the government," he said.
Cramer said Citi could hit $6 within the next 18 months.
Health care stocks such as
"are doing well," said Cramer, which is a signal that they are "not going to be hurt nearly as badly as people thought."
According to Cramer, the action in these stocks is sending a message that the public option in health care is "dead," said Cramer. "I know the White House would tell you, 'What do the stocks know?'" he said, but "stocks are smart."
more-than-$2 rise from its secondary offering "is a tell that the market's more healthy than people think," said Cramer.