正文
Don\'t Sweat Today\'s Selling
By Jim Cramer
About this article:
In the end, they had to sell stock to take in stock. That\'s what it felt like to me. The big boys were selling banks to buy a cheaper bank -- Bank of America -- and selling stocks because of an S&P rebalancing. I don\'t think the selling was anything but mechanical. Still, I know that when I saw Fifth Third file $750 million in stock, I blanched -- I mean, like, enough already. Of course there will not be enough already until all of the banks file deals, and there are more to go for certain, so we will have to deal with the ebb and flow of the supply. I found the Bank of America/Merrill Lynch big-money survey helpful, as it is clear that large mutual funds are indeed still underweighted in banks. At the same time, at the end of the day, this market started...
By Jim Cramer
About this article:
In the end, they had to sell stock to take in stock. That\'s what it felt like to me. The big boys were selling banks to buy a cheaper bank -- Bank of America -- and selling stocks because of an S&P rebalancing. I don\'t think the selling was anything but mechanical. Still, I know that when I saw Fifth Third file $750 million in stock, I blanched -- I mean, like, enough already. Of course there will not be enough already until all of the banks file deals, and there are more to go for certain, so we will have to deal with the ebb and flow of the supply. I found the Bank of America/Merrill Lynch big-money survey helpful, as it is clear that large mutual funds are indeed still underweighted in banks. At the same time, at the end of the day, this market started...
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