Cramer's Former Giants Becoming Mid-Caps

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"Now, there are only two ways to look at what is happening. One is that a global credit crunch will not only wipe out earnings but wipe out whole companies. I find that hard to believe, because there is enough business worldwide that doesn't need huge financing to keep these companies thriving, although not at the pace they once were. The other is that the managers have lost control of their money, that they sent out their returns yesterday and people saw them and they said get me out, get me out now. I think that the latter is a bigger issue than the former." - Jim Cramer

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