What's Wrong With Bank Stocks?
The "true Achilles' heel of this market," Cramer said Tuesday, has been financials. Bank stocks have struggled in spite of overall strength in the markets.
Following the midterm elections on Nov. 2, however, the sector seemed to turn around. The financials appeared to have bottomed out and Cramer became optimistic about where it was going. Things fell apart in the past few weeks, though, leaving the "Mad Money" host with a plethora of questions: How much trouble are the bank stocks in and what does it mean for the larger market?
The technicals don't look good, according to analysis provided by John Roque, managing director at WJB Capital. See for yourself by watching the video.
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