Bearish investors may be using Goldman Sachs’ loan renegotiation with CIT Group to hurt the former’s stock, Cramer said during Tuesday’s Stop Trading!, as well as the market.
There’s been “chatter” that a big loss is coming with CIT , Cramer said, but “I don’t believe it.” He thinks instead that bears are drumming up negative sentiment from which to profit, and a market leader like Goldman is the perfect target.
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