European banks are notably weak, and several large U.S. banks like Citi and Bank of America are down 10 percent pre-open. Gold stocks are again trading up 2 to 5 percent.
Stock index futures pointed to a weak open Friday with banks set to take a hammering on growing fears of nationalization for Citigroup and Bank of America.
The investment bank’s collapse is still fresh in Cramer’s mind. And he’s just as outraged at Timothy Geithner for letting it happen.
Bank shares have been hammered for two days and some traders are pointing to a "slip of the tongue" Fed Chief Ben Bernanke made when answering questions at the national press club this week.
By Thursday’s close, the Dow was trading at a level not seen in more than 6 years, falling beneath its former bear market closing low set on November 20th.
Stocks tumbled Thursday as anxiety over how the Obama administration will fix the crippled financial system pushed the Dow to its lowest level in more than six years.
Plus, Cramer speculates on whom the new Dow Jones Industrial constituent could be.
Banks are again weak on concerns about the government's "stress test." The first worry is we don't know what this "stress test" consists of. Some are estimating that it may require 6 percent Tier One capital, and 3 percent tangible capital. Many banks may not pass that test.
Will the Obama Administration's plan to save the U.S. economy actually help the markets? Mega-investor Wilbur Ross Jr. says no. And CNBC's Rick Santelli
On Thursday Citigroup shares fell to 17-year lows with Bank of America stock also plunging, amid speculation of nationalization.
Wall Street and the private sector already have begun dealing with this morass on their own, if only the President and Treasury Secretary Timothy Geithner would take heed.
Wells Fargo drew heavy put activity yesterday (Wednesday), as its stock hit a new 52-week low in intraday trading. By midafternoon more than 460,000 contracts had changed hands, more than twice the 20-day average volume...
The S&P Financials Sector is now down over 35% YTD and ~70% in the past 12 months. Given this continued drop, here is a look at how the short interest in these beaten companies has changed over time.
Stocks could see a volatile Thursday after Wednesday's relative calm with traders anxious to see if the market will pierce its lows.
Wall Street talking heads got you baffled? Cramer debunks 10 myths to help you separate fact from fiction.
Once it was almost a dirty word, but it seems more people are throwing their support behind bank nationalization. And more of them are Republicans!
On Wednesday the White House unveiled its new plan to help homeowners on the brink. We’ve got the details – now will it work?
The Dow eked out a gain on Wednesday which kept the index from breaking through the November 20 bear market low.
Stocks limped to the finish line Wednesday as broad strokes on the bank plan from Bernanke failed to comfort the market.
The new Obama housing plan is going to give a break to those who least deserve it: people who bought more house than they can afford. It will reward those who made all the wrong decisions.