Jim Cramer's got some thoughts on the headlines moving markets Monday morning.
He broke down what he's watching during TheStreet's live show:
Well, right now the on the Dow, Goldman (GS) - Get Report is coming down. Goldman was up four on Friday, I didn't want that. lot. I continue to think that [Goldman is] just too cheap looking to buy some. The president saying what he did about the Fed. I think it's starting to make people too worried that the Fed is going to be too political, we're starting to hear about that. I also feel that we have to recognize that we've had such an up move and we've only had JPMorgan (JPM) - Get Report and Wells Fargo (WFC) - Get Report --which was very bad, frankly--Goldman, which I didn't think was bad, but it ran, and Citi (C) - Get Report , which I thought was quite good. We're basing it on nothing and I think people just feel, we went up and JPMorgan was not bested. Maybe Bank of America (BAC) - Get Report tomorrow won't best it, but I think that Morgan Stanley (MS) - Get Report will. But we have a dearth of information that we're trading on. We did get a couple of big deals. Waste Management's (WM) - Get Report spent $4 billion and the stock went up.... So there's not a lot to trade off it today and I think that it's what I regard as being an unimportant day.