Don't Even Think About Financials Yet By Jim Cramer About this article: If I hear one more person talk about "opportunities in financials," I am going to scream. Have we had the big bank and housing company failures? Have I missed them? Have we had the collapse of some mortgage insurers which will make for gigantic writedowns? Have we? We haven't even had enough dividend hackings. We know that when the banks yield more than 7%, they are candidates: Citigroup, 7.5%, Fifth Third, 7.3%, Huntington Bancshares, 7.7%, Fidelity National Financial, 8%, MBIA, 7.7%. First Horizon, 10%, Thornburg Mortgage, 10%, Corus -- really dangerous -- 10%, and IndyMac, 15%, are all candidates for dividend cuts. Do you think banks rally into that? Yes, it is true that if the Fed changes its stripes, you have a real chance. But believe me, you want to be a seller until then. And as for the "opportunities in financials," let someone else have them. Last... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.