TheStreet.com's Jim Cramer says negativity over an impending failure should reverse, fueling a bullish move higher.
Let's say the principal worry when we left on Friday was that a million companies, many of them smaller retailers, would lose their credit over the weekend. Whatever was going to happen with CIT (NYSE: CIT) (Cramer's Take), regardless of whether you hated or liked Jeff Peek or believed they had totally blown their mandate -- I think they had -- could only be negative for the market.
Your only hope on Friday was a government rescue and all of the attendant scrutiny and derision that would accompany such a bailout.
Let's say the principal worry when we left on Friday was that a million companies, many of them smaller retailers, would lose their credit over the weekend. Whatever was going to happen with CIT (NYSE: CIT) (Cramer's Take), regardless of whether you hated or liked Jeff Peek or believed they had totally blown their mandate -- I think they had -- could only be negative for the market.
Your only hope on Friday was a government rescue and all of the attendant scrutiny and derision that would accompany such a bailout.
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