Jim Cramer Says Bank Stocks Are Directly Linked to Interest Rates

Jim Cramer says bank stocks are directly linked to interest rates and as they fall its more than likely that bank stocks will drop as well. There's a direct correlation between the two. He adds that what banks do operationally has virtually no chance of affecting the stock price. Cramer says it's really a play on interest rates. So if you believe rates are going down, there's no reason to own the stock. He says there's really nothing more to it, particularly in an environment where interest rates keep going down.