Jim Cramer's 'Stop Trading!': Bank Woes

Banks are the reason we're off today, says Cramer. Watch Citi and XTO for clues.
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"The shorts are battling

Citigroup

(C) - Get Report

, and the longs are battling

XTO Energy

(XTO)

," Jim Cramer said Thursday on

CNBC's

"Stop Trading!" segment.

Cramer said that "banks are the reason we're off" today because people are worried about

Washington Mutual

(WM) - Get Report

, but Citi and XTO are "the flavor of the day."

"Keep XTO and Citi on your screen and you will know the market for the day," Cramer told viewers.

Meanwhile, Cramer added

Ford

(F) - Get Report

"is too speculative for me as are

General Motors

(GM) - Get Report

,

Sirius

(SIRI) - Get Report

and Washington Mutual, where common stock may not be your call."

And finally, today's rise in the railroad stocks, specifically

Union Pacific

(UNP) - Get Report

, befuddled Cramer. "I don't understand how the rails can be going up," he said.

At the time of publication, Cramer had no positions in stocks mentioned.

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