Citigroup holding at its current price is a good indicator that the Fed will cut rates, Cramer said during Stop Trading! live from the campus of USC.
Citi is a “good mortgage producer,” Cramer said, and the fact that the stock is hanging on in such a bad tape says to him: “Don’t fret too much.”
Cramer is also bullish on other big money centers like Bank of America , although he thinks of them as longer-term investments. In the short-term, he would rather own a stock like Deere ; part of an agriculture complex Cramer believes will be the “strongest bull market of 2007.”
Jim's charitable trust owns Citigroup.
Questions for Cramer? firstname.lastname@example.org
Questions, comments, suggestions for the Mad Money website? email@example.com