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The Troika Tips Over

By Jim Cramer

About this article:
The troika's rolling over today. The bank stocks are pulling back on a tempering of bank earnings by Jamie Dimon at JPMorgan Chase who said March is not so hot. We also got the news that I most feared: returning TARP is not a priority for the government until the whole system, the whole country, is doing better. That means no real competitive advantage coming for those who give it back early. That had been the driver of much of the recent phase of the rally. Oil? It's obvious that this run needs a round of profit-taking in the crude, not necessarily the companies. I see crude hanging at $50 for a bit, give or take $5. This is a momentum-driven market and when something stops going up, it comes down. However, it doesn't stay there and that's the fear with crude that is...

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