Cramer said he's also interested in the financials again, mainly Goldman Sachs (GS), Bank Of America (BAC) and Wells Fargo (WFC), all three of which he owns for his charitable trust, Action Alerts PLUS.

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.

Right now this formula applies to pretty much every stock I follow -- could be Apple (AAPL) or JPMorgan (JPM) or Chevron (CVX) or Chesapeake (CHK) or Wells Fargo (WFC) or Cisco (CSCO) -- but RIMM stands out as the textbook case of what's going on.

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.

All financials are vulnerable, because the government has said, basically, if you want to fall under voluntary restrictions, you better raise equity and get out from under. So you can imagine how much pressure will remain in the ones that need to raise the money, most likely Bank of America (BAC) and Wells Fargo (WFC), two I own, two that I think are cheap, and two that are so easily shorted that the pain is palpable.

If you’re looking for a trade, I’d look at Wells Fargo (WFC) and Bank of America Corp. (BAC) from the short-side, says Guy Adami.

a mess waiting to clean up wells has good managment

Our price target on Wells Fargo (WFC) is $33, says Stifel Nicolaus analyst Chris Mutascio. I’m holding Wells Fargo preferred, reveals Karen Finerman. UBS came out with a sell and a $20 price target, reminds Guy Adami. I wouldn’t short this stock but I’m curious to see how it trades.

Read more here.

Like Dell, WFC seems to be "drifting" - am I missing something. BAC and JPM seem to be leaving WFC in the dust (along whith USB).

the worst bank

crooks

I hate them.

Dividend cut

They have a lot of subprime loans in their inventory. I know because I have one still.

Waited to long to cut their dividend.

has dropped like a rock, but used to be stable

Garbage stock for a garbage bank.

down market will increase