This is a no brainer, sell around 200. Get back in around 170-180.

On his RealMoney blog yesterday, Cramer wrote:

"In other words, we are in a territory where we deserve to be higher, and we are higher, but on an individual day like today, when an analyst says that a hot group like the semis should cool off because business is turning sluggish, we hastily recalibrate how high we should be. When oil is down big, we question the Baltic Freight Index and we figure things can't be that strong, even as we have had the same reaction, "Groundhog Day"-like, each time oil goes down $2 toward $75. When we have the biggest bank, Bank of America (BAC), trying endlessly to get a CEO, and the best investment-banking house, Goldman Sachs, under tremendous assault, it's hard to see the stocks of the other banks doing well."

He continued that "with the fundamentals of the three-legged stool of banks, tech and oil in question, you get an on-the-spot downshift and, underneath, a retreat to the Procter & Gambles (PG), McDonald's (MCD), General Mills (GIS) and WellPoint (WLP) (the latter because health care reform, Senate style, just doesn't hurt 'em)."

Cramer owns Bank of America, Goldman Sachs and Procter & Gamble stocks for Action Alerts PLUS.

On "Stop Trading!" on Wednesday, Cramer said Goldman Sachs needs to replace its guilt with pride because it does a "good job," creating wealth for its clients. He told viewers that the government, not Goldman itself, should "answer for why it helped Goldman."

Cramer said Goldman will be headed back to its highs and he sees 15 points of upside in that stock.

First, the two banks I like: Goldman Sachs (GS) and JP Morgan (JPM) seem like they are waking from their slumber. Some of that might be an interview I read on Bloomberg.com , where Dick Bove raves about the banks sector. Given that he most recently squawked negatively on Wells Fargo (WFC), he is now becoming a total prop of the bulls. I wonder if Meredith Whitney would take a victory bow and slap Goldman Sachs on to her buy list? Why not? She's up $15 from her sell recommendation.

This rally will fade if it is based on tech, oil and the industrials, as it is now. With Wells Fargo (WFC) teetering and JPMorgan (JPM) always looking like it is rolling over and Goldman Sachs (GS) failing, you fall prey to a market that is based on productivity and job cuts and not expansion and credit improvement.

Cramer said gauging the market is as simple as looking at a handful of stocks. The ones on Cramer's radar include JPMorgan Chase (JPM), Goldman Sachs (GS), Wells Fargo (WFC) and Bank Of America (BAC), four stocks which he owns for his charitable trust, Action Alerts PLUS.

like big banking

That means Goldman (GS), Morgan (MS) and other banks that have strong trading units are still poised to turn profits but the big money center banks such as Bank of America Corp. (BAC) are in a different class and the profit potential doesn't look nearly as attractive. - Joe Terranova

COP

Also, elephant in room Goldman Sachs (GS) is still being hammered even as the numbers have room to go up.

Is the word "evil" enough

Corrupt scum

Because I missed it's huge stock growth, too

manipulators

Manipulators.

just hate them

thieves, manipulators

sleaze factor

Golman, this is where the gold is..

business model has changed and results of this has yet to be seen. Most of their money has been made through trading and positioning on leverage. The leverage has been reduced and the economic environment stinks.