Fast Money's Next Credit Crunch
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Date updated:12-03-2008

Ratigan said the next big problems could be in the credit card front. Meredith Whitney, an analyst for Oppenheimer & Co., said banks are pulling lines from consumers just when they are losing their jobs.

symbol name last price % change open
  • +
  • MS
    Morgan Stanley
  • $18.10
  • -7.56%
  • $19.07

The traders said the financial institutions most affected by this pullback include Morgan Stanley (MS), Goldman Sachs (GS), Citigroup (C), MasterCard (MA), JP Morgan Chase (JPM) and American Express (AXP).

People owning MS also tend to own: AIGBACCPWRDISFWLTGS

TheStreet.com Rating: C- What is this?

  • +
  • GS
    Goldman Sachs Grp
  • $84.50
  • -4.75%
  • $86.91

The traders said the financial institutions most affected by this pullback include Morgan Stanley (MS), Goldman Sachs (GS), Citigroup (C), MasterCard (MA), JP Morgan Chase (JPM) and American Express (AXP).

People owning GS also tend to own: ACEBACCCBCOPCVXDIS

TheStreet.com Rating: C What is this?

  • +
  • C
    Citigroup Inc
  • $7.15
  • -4.16%
  • $7.22

The traders said the financial institutions most affected by this pullback include Morgan Stanley (MS), Goldman Sachs (GS), Citigroup (C), MasterCard (MA), JP Morgan Chase (JPM) and American Express (AXP).

People owning C also tend to own: ACEBACCBCOPCVXDISGS

TheStreet.com Rating: D What is this?

  • +
  • MA
    Mastercard Inc
  • $152.07
  • -6.05%
  • $158.10

If you’re looking for a trade Mastercard [MA] could take a hit, adds Guy Adami.

People owning MA also tend to own: HPQORCLAAPLBLE.TOCHINACTRPELR.TO

TheStreet.com Rating: D+ What is this?

  • +
  • JPM
    Jp Morgan Chase C
  • $28.09
  • -5.99%
  • $29.15

I’m short Capital One [COF] for this very reason, explains Karen Finerman. And I think there’s more bad news to come. However, I wouldn’t short JP Morgan [JPM] because they could trade up on other things.

People owning JPM also tend to own: AAAIGIBMINTCJNJKOMSFT

TheStreet.com Rating: C What is this?

  • +
  • AXP
    Amer Express Inc
  • $20.01
  • -4.21%
  • $20.53

American Express [AXP] could take it on the chin too, adds Tim Seymour.

People owning AXP also tend to own: AIGALLBACBRK-BCCOFFNM

TheStreet.com Rating: C What is this?

  • +
  • COF
    Capital One Finan
  • $31.68
  • -7.21%
  • $33.01

I’m short Capital One [COF] for this very reason, explains Karen Finerman. And I think there’s more bad news to come. However, I wouldn’t short JP Morgan [JPM] because they could trade up on other things.

People owning COF also tend to own: AFGAIZAMPAMTDAWBCBACCKFR

TheStreet.com Rating: C What is this?

  • +
  • SRS
    Ultrashort Real E
  • $52.53
  • +5.61%
  • $52.17

Or, if you want to short commercial real estate, look at the ProShares UltraShort Real Estate [SRS].

People owning SRS also tend to own: ABXBHPBVNCAMCEOCRESYDXD

TheStreet.com Rating: No Rating What is this?

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