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Thursday, October 19, 2006

Cramer on Stop Trading:

On Banking stocks, Cramer said this is huge disparity in the group.

Washington Mutual (WM) was the ugly one and Wells Fargo (WFC) was the good one. Citigroup (C) was also a bit off to him.

He said J.P.Morgan (JPM) was underrated and he would be a buyer right here.

On NYSE (NYX), they discussed a mandatory return of tens of millions of dollars in capital from Grasso and Cramer said Spitzer won't drop this one. Cramer said Grasso didn't create his own package.

Jon C. Ogg
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