Cramer said on Stop Trading today that if any of the CEOs of the major banks appeared on-air and explained the worst-case scenario for the market, there would be a “huge rally.”
“The fact is that, because none of them will come on, we’re all scared because we’re thinking that the reason they’re not coming on is that it’s worse than we think,” he said.
Cramer is giving the nod to Exxon Mobile, even though it’s down after the report. Exxon is still making money, but Cramer doesn’t think it has been focusing enough on drilling.
“You don’t want to bet against Exxon,” he said.
The CEO of Wesco Financial, Jeffrey L. Jacobson, said there has been a pause in commercial construction, but Cramer doesn’t agree. He uses the commercial construction REITs as a gauge for the sector, and those are “on fire,” he said.
If investors believe Jacobson, Cramer said, “then you want to buy Annaly Capital Management.”
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