Deciphering the Washout By Jim Cramer About this article: Still trying to figure out the option effect vs. the Obama cram-down/Eaton Vance/Bank of America. Still trying to figure out why the manically powerful decline in oil isn't spiking the recession stocks. Still trying to figure out how buyers just completely and utterly disappear on these days even as they thought that these prices going up were things of beauty. Oil, tech and bank stocks have been the leaders, and they were mowed down like a corn field today. I am amazed that oil can just drop 10% with no takers on no new news, because it isn't like the economy fell off a cliff over the weekend. That's a severe overreaction. Bank of America alone, without the president's help, would have been OK but due for a pullback. The president's gaffe -- or populist rap -- made owning the stock untenable and made owning the... 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.

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