Filed under: Citigroup Inc. (C), Goldman Sachs Group (GS), Morgan Stanley (MS), Bear Stearns Cos (BSC), Cramer on BloggingStocks

TheStreet.com’s Jim Cramer says a few things are finally going right for this group.

We are in a rare moment. There are virtually no more analysts who matter who can downgrade the financials. That’s it. No more blindsiding. With those sells out of the way, you have to ask yourself if there is much more bad news ahead.

Plus, Morgan Stanley (NYSE: MS) (Cramer’s Take), Bear Stearns (NYSE: BSC) (Cramer’s Take) and Goldman Sachs (NYSE: GS) (Cramer’s Take), which I own for Action Alerts PLUS, are already pounded into oblivion.

Sure, the earnings can go lower, but the multiples are pretty low — I know they can be up big if we are in “peak” mode. But I think that Goldman, in particular, is going to start winning a lot of business simply because it is doing better than others, and no one wants to be in something that could turn into a Refco, meaning an outfit you are custodied in that gets crushed.

Continue reading Cramer on BloggingStocks: Financials get a window of opportunity

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This entry was posted on Tuesday, December 18th, 2007 at 10:04 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.