Cramer's Dirty Dozen

Today just before the close Jim Cramer posted a list of "companies I have NO CONFIDENCE IN WHATSOEVER".

I agree, in the long term they are dead. But in the short term, they could well bounce due to the Cramer effect.

Here's the list. Let's see what happens.
C GM LEH MER WB BAC WM FNM FRE AIG

Closing prices July 2nd:
C 16.84
GM 9.98
LEH 22.36
MER 31.15
WB 15.38
BAC 22.54
WM 5.31
FNM 19.43
FRE 15.92
AIG 26.75

 

hmmph. I thought he was going to list 12 hookers he shared with Spitzer and Chanos. Oh well.

 

And there is the bottom in the financial sector today, as called by Jim Cramer.