Cramer's Dirty Dozen

[moo]

Today just before the close Jim Cramer posted a list of "companies I have NO CONFIDENCE IN WHATSOEVER".

I agree, in the long term they are dead. But in the short term, they could well bounce due to the Cramer effect.

Here's the list. Let's see what happens.
C GM LEH MER WB BAC WM FNM FRE AIG

Closing prices July 2nd:
C 16.84
GM 9.98
LEH 22.36
MER 31.15
WB 15.38
BAC 22.54
WM 5.31
FNM 19.43
FRE 15.92
AIG 26.75

 

[flytiger]

hmmph. I thought he was going to list 12 hookers he shared with Spitzer and Chanos. Oh well.

 

[futuresRX]

And there is the bottom in the financial sector today, as called by Jim Cramer.